Global Gambling Market 2019
The global online gambling market grew at a CAGR of around 12% during 2014-2019. Online gambling, or virtual gambling, refers to betting on casino or sports-based activities over the internet. In comparison to in-person gambling, online gambling does not involve physical interaction of players and all the sessions are moderated by computer programs. Players can virtually play various games, such as sports betting, blackjack, poker, roulette and slot machines. They can download gambling software on their personal computers or can play through a website. Online gambling offers various benefits, such as cashless transactions, accessibility through any electronic device, customizable budget and real-time gambling experience for the players.
- Global Gambling Market 2019 Schedule
- Global Gambling Market 2019 Results
- Online Global Gambling Market Value 2019
Online Gambling Market Grwoth Drivers:
Global Gambling Market 2019 Schedule
Rapid urbanization, along with the increasing penetration of the internet across the globe, is one of the key factors driving the growth of the market. Furthermore, legalization and cultural approval of online betting in various developed countries are also providing a boost to the market growth. Online sports companies are also attaining high-profile sponsorships with various football and racing clubs, which helps attract new users. In line with this, convenient access to online casinos that can be used through mobile phones is also creating a positive impact on the online gambling industry.
Global Gambling Market 2019 Results
The global online gambling market grew at a CAGR of around 12% during 2014-2019. Online gambling, or virtual gambling, refers to betting on casino or sports-based activities over the internet. Global Online Gambling and Betting Market Size, Status and Forecast 2019-2025: Jul 9 2019: 92: USD 3,900.00: Global Mobile Gambling Market Size, Status and Forecast 2019-2025: Jul 8 2019: 91: USD 3,900.00: Global Casino Gaming Equipment Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024: Jul 3 2019: 123: USD 3,480.00. Mobile gaming (smartphone and tablet), meanwhile, remains the largest segment in 2019, growing +10.2% year on year to $68.5 billion—45% of the global games market.Of this, $54.9 billion will come from smartphone games. Pune, India - April 18, 2019 /MarketersMedia/ — According to this study, over the next five years the Online Gambling market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global revenue market share of key companies.
Various technological advancements, such as the development of virtual reality (VR) and blockchain tools, are acting as another growth-inducing factor. These technologies aid in maintaining the transparency of gambling activities and provide an immersive experience to the player. Other factors, including increasing expenditure capacities of the consumers, along with the advent of bitcoin gambling, are expected to drive the market further. Looking forward, IMARC Group expects the global online gambling market to continue its strong growth during 2020-2025.
Online Global Gambling Market Value 2019
Technavio has announced its latest market research report titled Global Casinos and Gambling Market 2020-2024 2020-2024 (Graphic: Business Wire). Market size 2019 Market outlook: Forecast for.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global online gambling market, along with forecasts for growth at the global, regional and country-level from 2020-2025. Our report has categorized the market based on 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
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The global online gambling industry is highly fragmented with the presence of several small and large players. Some of the leading players in the market are:
- 888 Holdings PLC
- Bet365 Group Ltd.
- Betsson AB
- Cherry Spelgladje AB
- Flutter Entertainment Plc
- Galaxy Entertainment Group
- GVC Holdings Plc
- Intralot
- Kindred Group Plc
- LeoVegas AB
- MGM Resorts International
Key Questions Answered in This Report:
- How has the global online gambling market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What has been the impact of COVID-19 on the global online gambling market?
- What is the breakup of the market based on the game type?
- What is the breakup of the market based on the device?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global online gambling market and who are the key players?
- What is the degree of competition in the industry?