The Online Gambling & Betting market is expected to grow from USD 62.87 billion in 2022 to USD 174.22 billion by 2032, at a CAGR of 10.73% during the forecast period 2023-2032.
Online gaming & betting is played over the internet and through digital media. In gambling, bets or wagers are placed without any clue as to the outcome, whereas in betting, bets are placed on an event whose outcome depends on the players' performance and is affected by their skills. The concept of permutation & combination is favourably suitable for gambling. Online gambling and betting include poker, bingo, sports betting, lottery, and casinos. The gaming rules for online betting and gambling are the same as those for playing in physical casinos. The main difference is that online gaming & betting occurs in a virtual/digital environment where the players are not close to each other.
The rise in internet penetration and the increasing number of people using mobile phones to play online games are driving the growth of the online gambling and betting market. Besides, data privacy & security may threaten the growth of the online gambling and betting market. In addition, technological advances will create new opportunities for the online gambling and betting market over the forecast period. On the other hand, different regulatory guidelines and policies targeting online gambling and regulatory restrictions to prevent gambling addiction will hamper the market growth during the forecast period.
This study comprehensively analyses type, device, and region. The type segment includes sports betting, casinos, poker, lottery, bingo and others. The sports betting segment held the largest market share in 2022. The increasing internet penetration and growing popularity of sports betting on games like rugby, cricket, and football drive this segment's growth. The rising collaboration between gambling & betting software developers and private companies to produce easy-to-use user interface game solutions are anticipated to create significant growth opportunities during the forecast period. The device segment is divided into desktop, mobile and others. The desktop segment registered the largest market share in 2022 because of the larger screen area desktop allowing players to enjoy the game's details and graphics. In addition, the desktop offers more enhanced picture quality, sound quality, and customizable storage capacity than mobile phones. As a result, it enhances players' gaming experience. These reasons contributed to the expansion of the desktop computer market.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Europe region held the highest market revenue in 2022 due to the legalization of gambling & betting in many European countries. In addition, the rising acceptance of online gambling & betting, increased spending on entertainment, and high disposable income are boosting the region's growth. The Asia Pacific region is expected to register a high growth rate over the forecast period. The ease of government regulations on online gambling & betting in Asian countries drives the market's growth. In addition, rising spending on leisure activities by people is anticipated to boost the market's growth.
Some of the notable players in the market are 888 Holdings Plc., Bally’s Corporation, Bet 365 Group Ltd., Betsson AB, Betfred Ltd., Entain Plc., FireKeepers, Flutter Entertainment Plc., Fortuna Entertainment Group, Churchill Downs Inc., Kindred Group, Ladbrokes Coral Group Plc, Sky Betting & Gambling, Sportech Plc, The Stars Group Plc., VGC Holdings plc and William Hills Limited among others.
Global Online Gambling & Betting Market Analysis and Forecast, Device
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Type
4.3.2. Market Attractiveness Analysis By Device
4.3.3. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Growing internet penetration
5.2.2. Growing number of smartphone users
5.3. Restraints
5.3.1. Data privacy & security
5.4. Opportunities
5.4.1. Growing adoption of advanced technologies
5.5. Challenges
5.5.1. Governments regulations
6. Global Online Gambling & Betting Market Analysis and Forecast, By Type
6.1. Segment Overview
6.2. Sports Betting
6.3. Casinos
6.4. Poker
6.5. Lottery
6.6. Bingo
6.7. Others
7. Global Online Gambling & Betting Market Analysis and Forecast, By Device
7.1. Segment Overview
7.2. Desktop
7.3. Mobile
7.4. Others
8. Global Online Gambling & Betting Market Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.5. South America
8.5.1. Brazil
8.6. Middle East and Africa
8.6.1. UAE
8.6.2. South Africa
9. Global Online Gambling & Betting Market-Competitive Landscape
9.1. Overview
9.2. Market Share of Key Players in Global Online Gambling & Betting Market
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. Product Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
9.3.4. Expansions
10. Company Profiles
10.1. 888 Holdings Plc.
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Product Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. Bally’s Corporation
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Product Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. Bet 365 Group Ltd.
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Product Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. Betsson AB
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Product Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. Betfred Ltd.
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Product Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. Entain Plc.
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Product Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. FireKeepers
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Product Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. Flutter Entertainment Plc.
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Product Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. Fortuna Entertainment Group
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company Product Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
10.10. Churchill Downs Inc.
10.10.1. Business Overview
10.10.2. Company Snapshot
10.10.3. Company Market Share Analysis
10.10.4. Company Product Portfolio
10.10.5. Recent Developments
10.10.6. SWOT Analysis
10.11. Kindred Group
10.11.1. Business Overview
10.11.2. Company Snapshot
10.11.3. Company Market Share Analysis
10.11.4. Company Product Portfolio
10.11.5. Recent Developments
10.11.6. SWOT Analysis
10.12. Ladbrokes Coral Group Plc
10.12.1. Business Overview
10.12.2. Company Snapshot
10.12.3. Company Market Share Analysis
10.12.4. Company Product Portfolio
10.12.5. Recent Developments
10.12.6. SWOT Analysis
10.13. Sky Betting & Gambling
10.13.1. Business Overview
10.13.2. Company Snapshot
10.13.3. Company Market Share Analysis
10.13.4. Company Product Portfolio
10.13.5. Recent Developments
10.13.6. SWOT Analysis
10.14. Sportech Plc
10.14.1. Business Overview
10.14.2. Company Snapshot
10.14.3. Company Market Share Analysis
10.14.4. Company Product Portfolio
10.14.5. Recent Developments
10.14.6. SWOT Analysis
10.15. The Stars Group Plc.
10.15.1. Business Overview
10.15.2. Company Snapshot
10.15.3. Company Market Share Analysis
10.15.4. Company Product Portfolio
10.15.5. Recent Developments
10.15.6. SWOT Analysis
10.16. VGC Holdings plc
10.16.1. Business Overview
10.16.2. Company Snapshot
10.16.3. Company Market Share Analysis
10.16.4. Company Product Portfolio
10.16.5. Recent Developments
10.16.6. SWOT Analysis
10.17. William Hills Limited
10.17.1. Business Overview
10.17.2. Company Snapshot
10.17.3. Company Market Share Analysis
10.17.4. Company Product Portfolio
10.17.5. Recent Developments
10.17.6. SWOT Analysis
List of Table
1. Global Online Gambling & Betting Market, By Type, 2019-2032 (USD Billion)
2. Global Sports Betting, Online Gambling & Betting Market, By Region, 2019-2032 (USD Billion)
3. Global Casinos, Online Gambling & Betting Market, By Region, 2019-2032 (USD Billion)
4. Global Poker, Online Gambling & Betting Market, By Region, 2019-2032 (USD Billion)
5. Global Lottery, Online Gambling & Betting Market, By Region, 2019-2032 (USD Billion)
6. Global Bingo, Online Gambling & Betting Market, By Region, 2019-2032 (USD Billion)
7. Global Others, Online Gambling & Betting Market, By Region, 2019-2032 (USD Billion)
8. Global Online Gambling & Betting Market, By Device, 2019-2032 (USD Billion)
9. Global Desktop, Online Gambling & Betting Market, By Region, 2019-2032 (USD Billion)
10. Global Mobile, Online Gambling & Betting Market, By Region, 2019-2032 (USD Billion)
11. Global Others, Online Gambling & Betting Market, By Region, 2019-2032 (USD Billion)
12. Global Online Gambling & Betting Market, By Region, 2019-2032 (USD Billion)
13. North America Online Gambling & Betting Market, By Type, 2019-2032 (USD Billion)
14. North America Online Gambling & Betting Market, By Device, 2019-2032 (USD Billion)
15. U.S. Online Gambling & Betting Market, By Type, 2019-2032 (USD Billion)
16. U.S. Online Gambling & Betting Market, By Device, 2019-2032 (USD Billion)
17. Canada Online Gambling & Betting Market, By Type, 2019-2032 (USD Billion)
18. Canada Online Gambling & Betting Market, By Device, 2019-2032 (USD Billion)
19. Mexico Online Gambling & Betting Market, By Type, 2019-2032 (USD Billion)
20. Mexico Online Gambling & Betting Market, By Device, 2019-2032 (USD Billion)
21. Europe Online Gambling & Betting Market, By Type, 2019-2032 (USD Billion)
22. Europe Online Gambling & Betting Market, By Device, 2019-2032 (USD Billion)
23. Germany Online Gambling & Betting Market, By Type, 2019-2032 (USD Billion)
24. Germany Online Gambling & Betting Market, By Device, 2019-2032 (USD Billion)
25. France Online Gambling & Betting Market, By Type, 2019-2032 (USD Billion)
26. France Online Gambling & Betting Market, By Device 2019-2032 (USD Billion)
27. U.K. Online Gambling & Betting Market, By Type, 2019-2032 (USD Billion)
28. U.K. Online Gambling & Betting Market, By Device 2019-2032 (USD Billion)
29. Italy Online Gambling & Betting Market, By Type, 2019-2032 (USD Billion)
30. Italy Online Gambling & Betting Market, By Device 2019-2032 (USD Billion)
31. Spain Online Gambling & Betting Market, By Type, 2019-2032 (USD Billion)
32. Spain Online Gambling & Betting Market, By Device 2019-2032 (USD Billion)
33. Asia Pacific Online Gambling & Betting Market, By Type, 2019-2032 (USD Billion)
34. Asia Pacific Online Gambling & Betting Market, By Device 2019-2032 (USD Billion)
35. Japan Online Gambling & Betting Market, By Type, 2019-2032 (USD Billion)
36. Japan Online Gambling & Betting Market, By Device 2019-2032 (USD Billion)
37. China Online Gambling & Betting Market, By Type, 2019-2032 (USD Billion)
38. China Online Gambling & Betting Market, By Device 2019-2032 (USD Billion)
39. India Online Gambling & Betting Market, By Type, 2019-2032 (USD Billion)
40. India Online Gambling & Betting Market, By Device 2019-2032 (USD Billion)
41. South America Online Gambling & Betting Market, By Type, 2019-2032 (USD Billion)
42. South America Online Gambling & Betting Market, By Device 2019-2032 (USD Billion)
43. Brazil Online Gambling & Betting Market, By Type, 2019-2032 (USD Billion)
44. Brazil Online Gambling & Betting Market, By Device 2019-2032 (USD Billion)
45. Middle East and Africa Online Gambling & Betting Market, By Type, 2019-2032 (USD Billion)
46. Middle East and Africa Online Gambling & Betting Market, By Device 2019-2032 (USD Billion)
47. UAE Online Gambling & Betting Market, By Type, 2019-2032 (USD Billion)
48. UAE Online Gambling & Betting Market, By Device 2019-2032 (USD Billion)
49. South Africa Online Gambling & Betting Market, By Type, 2019-2032 (USD Billion)
50. South Africa Online Gambling & Betting Market, By Device 2019-2032 (USD Billion)
List of Figures
1. Global Online Gambling & Betting Market Segmentation
2. Global Online Gambling & Betting Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Online Gambling & Betting Market Attractiveness Analysis By Type
9. Global Online Gambling & Betting Market Attractiveness Analysis By Device
10. Global Online Gambling & Betting Market Attractiveness Analysis By Region
11. Global Online Gambling & Betting Market: Dynamics
12. Global Online Gambling & Betting Market Share By Type (2023 & 2032)
13. Global Online Gambling & Betting Market Share By Device (2023 & 2032)
14. Global Online Gambling & Betting Market Share By Regions (2023 & 2032)
15. Global Online Gambling & Betting Market Share By Company (2022)
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