Online Gambling Market Trends, Demand, Industry Size, Future Growth and Opportunities During 2021-2026
Online Gambling Market Trends, Demand, Industry Size, Future Growth and Opportunities During 2021-2026
Published by IMARC Services Private Limited
Posted on September 8, 2021
According to IMARC Group's latest report, titled “Online Gambling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global online gambling market reached a value of US$ 66.7 Billion in 2020. Looking forward, IMARC Group expects the global market to exhibit strong growth during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Online gambling, or virtual gambling, is an internet-based casino or sports-based betting activity. Unlike in-person gambling, it does not involve physical interaction between players, and the sessions are moderated by computer programs. Players can play various virtual games, such as sports betting, poker, blackjack, roulette, and slot machines. The gambling software application can be downloaded on a smart device, or the game can be played through a website. Online gambling platforms offer several benefits, such as cashless transactions, accessibility through any electronic device, personalized budget, and real-time gambling experience.
Market Trends and Drivers:
High internet connectivity, along with the rising penetration of smart devices, is driving the growth of the online gambling market. The legalization and cultural approval of online betting in several developed countries are also augmenting the demand for online gambling. Several online sports businesses are establishing high-profile sponsorships with various football and racing clubs, to attract a large consumer base. Moreover, various technological upgradations have led to the advent of virtual reality (VR) and blockchain tools. These tools help in maintaining the transparency of gambling activities to provide an engaging experience to the player. Additionally, rising consumer living standards and the inception of bitcoin gambling are further expected to drive the market.
Online Gambling Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global online gambling market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Kindred Group Plc
Galaxy Entertainment Group
Intralot
LeoVegas AB
Betsson AB
Bet365 Group Ltd.
GVC Holdings Plc
888 Holdings PLC
Cherry Spelgladje AB
MGM Resorts International
Flutter Entertainment Plc
Key Market Segmentation:
The report has segmented the global online gambling market on the basis of game type, device and region.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US: IMARC Group 30 N Gould St, Ste R Sheridan, WY 82801, USA Email: sales@imarcgroup.com America: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800
According to IMARC Group's latest report, titled “Online Gambling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global online gambling market reached a value of US$ 66.7 Billion in 2020. Looking forward, IMARC Group expects the global market to exhibit strong growth during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Online gambling, or virtual gambling, is an internet-based casino or sports-based betting activity. Unlike in-person gambling, it does not involve physical interaction between players, and the sessions are moderated by computer programs. Players can play various virtual games, such as sports betting, poker, blackjack, roulette, and slot machines. The gambling software application can be downloaded on a smart device, or the game can be played through a website. Online gambling platforms offer several benefits, such as cashless transactions, accessibility through any electronic device, personalized budget, and real-time gambling experience.
Market Trends and Drivers:
High internet connectivity, along with the rising penetration of smart devices, is driving the growth of the online gambling market. The legalization and cultural approval of online betting in several developed countries are also augmenting the demand for online gambling. Several online sports businesses are establishing high-profile sponsorships with various football and racing clubs, to attract a large consumer base. Moreover, various technological upgradations have led to the advent of virtual reality (VR) and blockchain tools. These tools help in maintaining the transparency of gambling activities to provide an engaging experience to the player. Additionally, rising consumer living standards and the inception of bitcoin gambling are further expected to drive the market.
Online Gambling Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global online gambling market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Kindred Group Plc
Galaxy Entertainment Group
Intralot
LeoVegas AB
Betsson AB
Bet365 Group Ltd.
GVC Holdings Plc
888 Holdings PLC
Cherry Spelgladje AB
MGM Resorts International
Flutter Entertainment Plc
Key Market Segmentation:
The report has segmented the global online gambling market on the basis of game type, device and region.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US: IMARC Group 30 N Gould St, Ste R Sheridan, WY 82801, USA Email: sales@imarcgroup.com America: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800