Global Online Gambling and Sports Betting Market by Type (Sports Betting, Casino, Poker, Bingo, Lottery, Other/Skill Gaming), By Application (Desktop, Mobile Devices) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global online gambling and sports betting market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing penetration of internet and smartphones, rising disposable income, and relaxed regulations across different geographies. In terms of type, the sports betting segment is expected to hold the largest share in the global online gambling and sports betting market during the forecast period. This can be attributed to increasing popularity of sports among consumers coupled with availability of wide range of options for bettors in this segment. In terms of application, desktop is expected to hold a larger share than mobile devices in terms of revenue generated from online gambling and sports betting activities during the forecast period.



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Product Definition:

Online gambling and sports betting are activities that take place over the internet. These activities can include casino games such as blackjack, roulette, and poker; sports betting on events such as horse races or football matches; or lotteries. Online gambling and sports betting are both popular activities, with millions of people around the world participating in them each year.

There are a number of reasons why online gambling and sports betting have become so popular. First, they offer players a level of convenience that is unmatched by traditional brick-and-mortar casinos. Players can access online casinos from anywhere in the world at any time of day or night, making it easy to fit gaming into their busy schedules. Additionally, many online casinos offer generous bonuses and rewards programs that give players extra value for their money.

Sports betting is also attractive to many players because it offers the chance to make money by predicting the outcomes of sporting events. Bettors can wager on everything from major international tournaments to local college games, giving them plenty of options to choose from.

Sports Betting:

Sports betting is when an individual or group of individuals wager( stake) their money on the outcome of a certain sporting event. The main target audience for sports betting are people who are interested in sports and enjoy following events through online media such as television, internet etc. Sports Betting also has a huge fan following among gamblers from different countries across the globe owing to which international bookies start offering their services through offshore servers to avoid regulations by respective country’s government.

Casino:

Casino is a game of chance played with the help of some rules and regulations. The object of this game is to win money. It comprises two basic elements, namely the wheel of fortune and a betting pool. The wheel consists of 36 slots in which images are displayed according to their values; while the betting pool contains bets placed by players on those images.

Application Insights:

The desktop application segment led the global online gambling and sports betting market in 2017. This growth can be attributed to the increasing usage of internet cafes and gaming consoles among adults. Furthermore, a rise in preference for land-based casinos over their online counterparts has also positively influenced industry growth.

Mobile devices are expected to emerge as the fastest-growing segment from 2018 to 2030 owing to rising consumer preference for onthego gaming experience coupled with easy access of mobile games via smart phones and tablets across the globe. The introduction of advanced smartphone operating systems such as IOS by Apple Inc., Androids by Google LLC, Windows Mobile by Microsoft Corporation has also driven demand for mobile casino applications globally since 2010s. Moreover, an increase in MTT (multi-table tournament) games popularity among players is further anticipated to drive demand over next seven years.

Global online gambling.

Regional Analysis:

Europe dominated the global online gambling and sports betting market in 2017. The growth is attributed to the legalization of sports betting in several European countries, such as France, Italy, Spain and Germany. Other factors contributing to Europe's dominance are its well-established casinos and poker rooms as well as a large number of players from U.K., Sweden and Denmark who traditionally spend more on leisure activities than other nationalities across the globe.

Asia Pacific is expected to register significant growth over the forecast period owing to growing popularity of casino gaming among Asian population especially those living in China, Japan, South Korea & India coupled with increasing disposable income levels among middle class groups that prefer spending their leisure time on entertainment activities rather than watching TV or reading books.

Growth Factors:

Increasing internet penetration and smartphone usage, especially in developing countries.
Rising disposable income and leisure time of the population.
Availability of a wide range of betting options on different sports events across the globe.
Proliferation of online platforms that offer gambling and sports betting services, making it convenient for users to place bets anytime, anywhere.


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Scope Of The Report
Report Attributes
Report Details
Report Title
Online Gambling and Sports Betting Market Research Report
By Type
Sports Betting, Casino, Poker, Bingo, Lottery, Other/Skill Gaming
By Application
Desktop, Mobile Devices
By Companies
International Game Technology PLC (IGT), Bet365, Scientific Games, Flutter Entertainment, Betsson, GVC, Playtech, Kindred, MRG, ZEAL, Bet-At-Home, William Hill, 888, Expekt
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.

Global Online Gambling and Sports Betting Market Report Segments:
The global Online Gambling and Sports Betting market is segmented on the basis of:
Types
Sports Betting, Casino, Poker, Bingo, Lottery, Other/Skill Gaming
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Desktop, Mobile Devices
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
International Game Technology PLC (IGT)
Bet365
Scientific Games
Flutter Entertainment
Betsson
GVC
Playtech
Kindred
MRG
ZEAL
Bet-At-Home
William Hill
888
Expekt



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Highlights of The Online Gambling and Sports Betting Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Sports Betting
Casino
Poker
Bingo
Lottery
Other/Skill Gaming
By Application:
Desktop
Mobile Devices
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Online Gambling and Sports Betting Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
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8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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