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Online Gambling Market Size, Growth, Trends, Top Manufacturer And Future Insights
Online Gambling Market
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The global online gambling market is expected to grow from $58.9 billion in 2019 and to $66.7 billion in 2020 at a growth rate of 13.2%. The growth is mainly attributed to COVID 19 due to which large population is confined to home during the lockdown and have free time to participate in several free and paid leisure activities including online gambling. The market is then expected to reach $92.9 billion in 2023 at CAGR of 11.64%.
The Key drivers of the online gambling market include:-
The Increasing adoption of smartphones with improved internet accessibility is driving the online gambling market. Globally, the average use of mobile devices compared to desktop computers or laptops is significantly greater. In most countries, the mobile users account for about 80% of all users in the online gambling industry.
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The global online gambling market is segmented:
1) By Game Type : Betting, Casino, Lottery, Poker, Online Bingo, Others
2) By Device: Desktop, Mobile, Others
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By Geography - The online gambling market is segmented in to
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East
7.Africa
Some of the major key players involved in the online gambling market are
1. Betsson AB
2. Sky Betting & Gaming
3. GVC Holdings PLC
4. Paddy Power Betfair PLC
5. Stars Group Inc.
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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