Global Online Gambling Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Online Gambling Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Online gambling is any kind of gambling conducted on the internet. This includes poker, casinos and sports betting.

Market Overview:

The latest research study on the global Online Gambling market finds that the global Online Gambling market reached a value of USD 79517.35 million in 2022. It’s expected that the market will achieve USD 147981.63 million by 2028, exhibiting a CAGR of 10.91% during the forecast period.

The impact of COVID-19 on the Online gambling industry will involve all entities in the industry chain. The company's management efficiency has declined, commuting has been severely hindered, and marketing has been delayed. The impact on the Online gambling industry depends largely on the prevention and control effects of COVID-19.

On the one hand, the spread of COVID-19 has accelerated the demand for online gambling. The financial uncertainty following layoffs and vacations has made many consumers more frugal, but others are still turning to retail therapy to cope with stress. However, purchases cannot occupy consumers for a long time, and they are looking for other ways to stay entertained. Online gambling is a possible way out, the industry can even suffer less economic losses than other industries through the pandemic.
On the other hand, more and more digitization and secure digital payment methods are also some of the factors driving the growth of the online gambling market. Due to the increasing use of digital currencies and the company's website designed for gambling, it is expected that the market will gain momentum during the forecast period.

Region Overview:

Europe dominated the Online Gambling market in 2020, with a market share of 52.61%.

Company Overview:

Bet365 is one of the major players operating in the Online Gambling market, holding a share of 6.89% in 2020.

BET365

BET365 Group Limited engages as an online gambling company. The Company provides a range of betting opportunities for various sports, including football, horse racing, tennis, cricket, and basketball, as well as casino, games, poker, and bingo rooms online.

GVC Holdings

GVC Holdings PLC is an e-gaming operator in both B2C and B2B markets. The company's line of business includes the provision of internet gaming, sports betting, casino, poker and bingo services.

Segmentation Overview:

Among different product types, Sports Betting segment is anticipated to contribute the largest market share in 2027.

Poker

Online poker is the game of poker played over the Internet.

Casino

Online casinos are online versions of traditional (brick and mortar) casinos. Online casinos enable gamblers to play and wager on casino games through the Internet.

Sports Betting

Sports betting is the activity of predicting sports results and placing a wager on the outcome. There are a number of different ways to place wagers on sporting events. These include using bookmaking shops or telephone betting services. The most common way for people to bet on sports today is via the web.

Application Overview:

By application, the Desktops segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Online Gambling market covered in Chapter 3:

Expekt
William Hill
888
Betsson
Bet365
LSbet
Unibet
Royal Vegas
Bwin

In Chapter 4 and Chapter 14.2, on the basis of types, the Online Gambling market from 2018 to 2029 is primarily split into:

Poker
Casino
Sports Betting
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Online Gambling market from 2018 to 2029 covers:

Desktops
Mobiles

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)