Online Gambling and Betting Market - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Online Gambling and Betting Market - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Online gambling and betting consists of games such as sports betting, lottery, bingo, poker and casino. Sports betting is majorly done on football, baseball, basketball, hockey, track cycling, boxing, and horse racing on online platforms such as Sinclair Broadcast Group, Inc. and bet365. The online gambling and betting games are mostly played on computer, mobile, tablet, and laptop. Gamblers prefer mobile devices over laptops, as mobile gamblers can bet any time from any place. According to a report published by the Gambling Commission, 61% of gambling operators’ revenue comes via mobile devices and 72% of betting stakes are from mobile devices. The money for online gambling and betting can be transferred from a credit card, electric check, certified check, money order or cryptocurrency. Many banks prohibit the use of their card for internet gambling and many electronic money services are available who offer accounts for funding of gambling.
Market trends:
Increasing disposable income of people across the globe, increasing young population in many countries such as India, Ethiopia, and Nigeria, increasing usage of smartphones and other smart devices, and high internet penetration across the globe are major factors driving growth of the online gambling and betting market. Stringent regulatory laws in many countries for online gambling, insufficient internet facility at many locations, and threat of cyber-attack are few restraints affecting the online gambling and betting market growth. Gambling is illegal in United Arab Emirates, Brunei, North Korea, and Qatar.
Key features of the study:
This report provides in-depth analysis of online gambling and betting market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
It profiles leading players in the global online gambling and betting market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, online gambling and betting market capital, key developments, strategies, and future plans
Companies covered as part of this study include 888 Holdings, GVC Holdings, Kindred Group, Paddy Power, Betfair, William Hill, Bet365, Stars Group, Draft Kings, Betsson, and BetAmerica. Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
The global online gambling and betting market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
Detailed Segmentation:
Global Online Gambling and Betting Market, By Gaming Type:
Poker
Casino
Lottery
Bingo
Sports Betting
Global Online Gambling and Betting Market, By Device Type:
Desktop
Mobile
Global Online Gambling and Betting Market, By Region:
North America
By Gaming Type
By Device Type
By Country:
U.S.
Canada
Europe
By Gaming Type
By Device Type
By Country:
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Gaming Type
By Device Type
By Country:
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
By Gaming Type
By Device Type
By Country:
Brazil
Mexico
Rest of Latin America
Middle East
By Gaming Type
By Device Type
By Country:
GCC Countries
Israel
Rest of Middle East
Africa
By Gaming Type
By Device Type
By Country:
Northern Africa
Central Africa
South Africa
Company Profiles
888 Holdings.*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/ Updates
GVC Holdings,
Kindred Group,
Paddy Power,
Betfair,
William Hill,
Bet365,
Stars Group,
Draft Kings,
Betsson, BetAmerica

“*” marked represents similar segmentation in other categories in the respective section.