The global online gambling market is expected to grow from USD 53.56 billion in 2019 to USD 129.79 billion by 2027, at a CAGR of 11.7% during the forecast period 2020-2027.
Online gambling means betting your money online on an uncertain event. It is played over the internet. It includes not only cards, but also online sports, casinos, or bingo. In the gambling industry, online gambling is the fastest-growing segment.
The rapid growth and adoption of artificial intelligence, machine learning, and chatbot are the main drivers for market growth. The rising penetration of mobile phones and the internet has increased the demand for online games. The relaxation of government policies and regulations regarding online gambling is expected to give a significant boost to the market. With technological advancements, the accessibility to websites and mobile applications with various rewards and benefits has improved. The increase in the number of females in casinos and the rising prevalence of online payment has also contributed to market growth. A rise in cybercrime is expected to hinder the market growth during the forecast period.
With the outbreak of COVID-19, the online services market is expected to grow tremendously. The social distancing practices and complete lockdown in many countries across the globe are promoting online business activities, including online gambling market.
This study delivers a comprehensive analysis of types, devices, and regions. On the basis of types, the market can be divided into sports betting, casinos, poker, and bingo. The sports betting segment is expected to dominate the market during the forecast period. The growth can be attributed to the rise in the disposable incomes of the population living in the Asia-Pacific region. The increasing penetration of digital platforms has given rise to fixed-odds betting and live-action betting. Online betting in horse racing, European championships, greyhound racing, and FIFA World Cup are gaining popularity. Online poker is expected to grow at a rapid pace with rising popularity and convenient use and payment options. On the basis of the device, the market can be divided into desktop and mobile. The desktop gaming is expected to dominate the market due to the big size of the screen and better gaming experience with an improved display of graphics and other intricacies. Higher storage capacity, better picture quality and enhanced sound system has further contributed to market growth. The mobile gaming segment is expected to grow at a rapid pace with technological advancements and the widespread prevalence of mobile phones.
The market for online gambling has been segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Europe is expected to dominate the market during the forecast period. The relaxation in government policies and regulations for online gambling in Italy, France, Spain, and Germany is the primary driver for market growth. The increasing prevalence of smartphones and high-speed internet availability has given a rise in the popularity of online casinos.
The leading players of the market include Bet365 Group Ltd., William Hill PLC, Paddy Power Betfair PLC, Ladbrokes Coral Group PLC, Betsson AB, 888 Holdings PLC, The Stars Group Inc., Sky Betting and Gaming, GVC Holdings PLC, and Kindred Group PLC. The companies are adopting the strategies of product differentiation, innovative product launches, collaborations, and mergers and acquisitions.
Global Online Gambling Market Analysis And Forecast, By Type
Global Online Gambling Market Analysis And Forecast, By Device
Global Online Gambling Market Analysis And Forecast, By Regional Analysis
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 Types
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
5.3. Restrains
5.4. Opportunities
5.5. Challenges
6. Global Online Gambling Market Analysis and Forecast, By Types
6.1. Segment Overview
6.2. Sports Betting
6.3. Casinos
6.4. Poker
6.5. Bingo
7. Global Online Gambling Market Analysis and Forecast, By Device
7.1. Segment Overview
7.2. Desktop
7.3. Mobile
8. Global Online Gambling 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 Market-Competitive Landscape
9.1. Overview
9.2. Market Share of Key Players in Global Online Gambling 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. Bet365 Group Ltd
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. William Hill PLC
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. Paddy Power Betfair PLC
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. Ladbrokes Coral Group PLC
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. Betsson AB
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. 888 Holdings 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. The Stars Group Inc
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. Sky Betting
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. GVC Holdings PLC
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. Kindred Group PLC
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
List of Table
1. Global Online Gambling Market, By Types, 2017–2027(USD Billion)
2. Global Sports Betting Market, By Region, 2017–2027(USD Billion)
3. Global Casinos, By Region, 2017–2027(USD Billion)
4. Global Poker Market, By Form, 2017–2027(USD Billion)
5. Global Bingo Market, By Region, 2017–2027(USD Billion)
6. Global Online Gambling Market, By Device, 2017–2027(USD Billion)
7. Global Desktop Online Gambling Market, By Region, 2017–2027(USD Billion)
8. Global Mobile Ingredient Market, By Region, 2017–2027(USD Billion)
9. Global Online Gambling Market, By North America, 2017–2027(USD Billion)
10. North America Online Gambling Market, By Types, 2017–2027(USD Billion)
11. North America Online Gambling Market, By Device, 2017–2027(USD Billion)
12. U.S. Online Gambling Market, By Types, 2017–2027(USD Billion)
13. U.S. Online Gambling Market, By Device, 2017–2027(USD Billion)
14. Canada Online Gambling Market, By Types, 2017–2027(USD Billion)
15. Canada Online Gambling Market, By Device, 2017–2027(USD Billion)
16. Mexico Online Gambling Market, By Types, 2017–2027(USD Billion)
17. Mexico Online Gambling Market, By Device, 2017–2027(USD Billion)
18. Europe Online Gambling Market, By Types, 2017–2027(USD Billion)
19. Europe Online Gambling Market, By Device, 2017–2027(USD Billion)
20. Germany Online Gambling Market, By Types, 2017–2027(USD Billion)
21. Germany Online Gambling Market, By Device, 2017–2027(USD Billion)
22. France Online Gambling Market, By Types, 2017–2027(USD Billion)
23. France Online Gambling Market, By Device, 2017–2027(USD Billion)
24. U.K. Online Gambling Market, By Types, 2017–2027(USD Billion)
25. U.K. Online Gambling Market, By Device, 2017–2027(USD Billion)
26. Italy Online Gambling Market, By Types, 2017–2027(USD Billion)
27. Italy Online Gambling Market, By Device, 2017–2027(USD Billion)
28. Spain Online Gambling Market, By Types, 2017–2027(USD Billion)
29. Spain Online Gambling Market, By Device, 2017–2027(USD Billion)
30. Asia Pacific Online Gambling Market, By Types, 2017–2027(USD Billion)
31. Asia Pacific Online Gambling Market, By Device, 2017–2027(USD Billion)
32. Japan Online Gambling Market, By Types, 2017–2027(USD Billion)
33. Japan Online Gambling Market, By Device, 2017–2027(USD Billion)
34. China Online Gambling Market, By Types, 2017–2027(USD Billion)
35. China Online Gambling Market, By Device, 2017–2027(USD Billion)
36. India Online Gambling Market, By Types, 2017–2027(USD Billion)
37. India Online Gambling Market, By Device, 2017–2027(USD Billion)
38. South America Online Gambling Market, By Types, 2017–2027(USD Billion)
39. South America Online Gambling Market, By Device, 2017–2027(USD Billion)
40. Brazil Online Gambling Market, By Types, 2017–2027(USD Billion)
41. Brazil Online Gambling Market, By Device, 2017–2027(USD Billion)
42. Middle East and Africa Online Gambling Market, By Types, 2017–2027(USD Billion)
43. Middle East and Africa Online Gambling Market, By Device, 2017–2027(USD Billion)
44. UAE Online Gambling Market, By Types, 2017–2027(USD Billion)
45. UAE Online Gambling Market, By Device, 2017–2027(USD Billion)
46. South Africa Online Gambling Market, By Types, 2017–2027(USD Billion)
47. South Africa Online Gambling Market, By Device, 2017–2027(USD Billion)
List of Figures
1. Global Online Gambling Market Segmentation
2. Online Gambling 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 Market Attractiveness Analysis By Types
9. Global Online Gambling Market Attractiveness Analysis By Device
10. Global Online Gambling Market Attractiveness Analysis By Region
11. Global Online Gambling Market: Dynamics
12. Global Online Gambling Market Share By Types (2019 & 2027)
13. Global Online Gambling Market Share By Device (2019 & 2027)
14. Global Online Gambling Market Share by Regions (2019 & 2027)
15. Global Online Gambling Market Share by Company (2019)
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