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Online Gambling & Betting Market by Business Overview, Challenges, Opportunities in 2027

02-19-2021 01:01 PM CET | Leisure, Entertainment, Miscellaneous

Press release from: Allied Market Research

Online Gambling and Betting Market

Online Gambling and Betting Market

With the easy availability of mobile phones and high internet services, the online gambling and betting market is experiencing a significant growth on the global scale, and is expected to grow consistently in the years to come. Online gambling and betting is all about risking money or anything which has material value with the intend of winning additional profits in form of extra money or material goods. It is popularly known as Internet gambling, which is typically about betting on lotteries, casino, or sport oriented games over the internet.

COVID-19 Scenario Analysis:
• There is lockdown in various countries due to COVID-19 situation which also led to the shutdown of the various industries and hence affected the market growth badly.
• However, gambling and betting related to sports activities got affected due to COVID-19 as all such events are cancelled as a part of lockdown• The online gambling and betting market has gained a lot of popularity worldwide due to the ease it offers. Hence, once the lockdown will be released there will be improvement in the condition of the market.

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•Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Increase in the prevalence rate of gambling and betting, rise in the disposable income of individuals in emerging economies, trust in the online transactions in gambling and betting, adoption of more of the internet-supported devices are some of the prominent factors contributing toward the growth of the online gambling and betting market.

Relaxation in stringent laws worldwide for online gambling and betting provides better opportunities to the major players to engage more people in such activities and earn better revenue.

•Gamification for delivering better results

Customer satisfaction and loyalty holds the supreme importance for the major players of this market. Hence, companies are making sincere efforts to generate loyalty in this online market of betting and gambling. They are opting for various techniques like gamification where the operator gets to know about his real-time performance, virtual rewards, loyalty bonuses, and status of competition with fellow players.

•Potential markets

Europe as a market for online betting and gambling is doing really well while this market is expected to grow in Asia-Pacific during the forecast period. The primary reason for the same is rise in the disposable incomes in the economies like China, India, and Brazil. Populations of these regions are now willing to spend more amount of money on the activities like online betting and gambling. Relaxation in the governmental laws and easy accessibility to foreign betting and gambling sites with lucrative offers are expected to boost the market growth.

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•Regions covered : North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, Mexico, and Rest of LAMEA)

•Companies covered: Bet365 Group Ltd., William Hill plc, Betfred Ltd., GVC Holdings Plc, 888 Holdings Plc, The Betway Group, Paddy Power Betfair Plc, Fortuna Entertainment Group, mybet Holding, The Stars Group, Rank Group, Playtech, Kindred Group, William Hill Plc, Hong Kong Jockey Club

Key Benefits of the Report:
• This study presents the analytical depiction of the global online gambling and betting industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global online gambling and betting market share• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global online gambling and betting market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global online gambling and betting market analysis based on competitive intensity and how the competition will take shape in the coming years.

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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