Online Gambling Market Size, Share, Demand, Top Companies and Industry Growth 2022-27

According to the latest report by IMARC Group, titled “Online Gambling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global online gambling market reached a value of US$ 72.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 131.4 Billion by 2027, exhibiting at a CAGR of 9.96% during 2022-2027.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Online gambling, or virtual gambling, is an internet-based casino or sports-based betting activity. Unlike in-person gambling, it does not involve physical interaction between players, and the sessions are moderated by computer programs. Players can play various virtual games, such as sports betting, poker, blackjack, roulette, and slot machines. The gambling software application can be downloaded on a smart device, or the game can be played through a website. Online gambling platforms offer several benefits, such as cashless transactions, accessibility through any electronic device, personalized budget, and real-time gambling experience.

Market Trends and Drivers:

High internet connectivity, along with the rising penetration of smart devices, is driving the growth of the online gambling market. The legalization and cultural approval of online betting in several developed countries are also augmenting the demand for online gambling. Several online sports businesses are establishing high-profile sponsorships with various football and racing clubs, to attract a large consumer base. Moreover, various technological upgradations have led to the advent of virtual reality (VR) and blockchain tools. These tools help in maintaining the transparency of gambling activities to provide an engaging experience to the player. Additionally, rising consumer living standards and the inception of bitcoin gambling are further expected to drive the global online gambling market.

Online Gambling Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the global online gambling market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• 888 Holdings PLC
• Intralot
• Kindred Group Plc
• LeoVegas AB
• MGM Resorts International
• Bet365 Group Ltd.
• Betsson AB
• Cherry Spelgladje AB
• Flutter Entertainment Plc
• Galaxy Entertainment Group
• GVC Holdings Plc

Key Market Segmentation:

The report has segmented the global online gambling market on the basis of game type, device and region.

Breakup by Game Type:                          

• Sports Betting
  • Football
  • Horse Racing
  • E-Sports
  • Others
• Casino
  • Live Casino
  • Baccarat
  • Blackjack
  • Poker
  • Slots
  • Others
• Others

Breakup by Device:

• Desktop
• Mobile
• Others

Breakup by Region:                         

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

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Key highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Industry Trends
• Market Drivers and Success Factors
• The Impact of COVID-19 on the Global Market
• Value Chain Analysis
• Structure of the Global Market
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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