• Online Gaming Statistics
• Online Gambling Stats

LONDON--(BUSINESS WIRE)--The gambling market size is expected to post a CAGR of close to 5% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

Global Casinos & Online Gambling industry outlook (2020-2025) poll Average industry growth 2015-2020: x.x lock Purchase this report or a membership to unlock the average company profit margin for this industry. Global Casinos & Online Gambling industry statistics. World Casino Directory Global Gaming Summary 2019. We've been following global gambling trends worldwide for nearly two decades here, and one observation we can make from the numbers over the years is that gambling is a very important industry with no end in sight to its growth. Online Gambling Market Worth $102.97 Billion by 2025 CAGR: 11.5%: Grand View Research, Inc. PR Newswire SAN FRANCISCO, Aug. 27, 2019 SAN FRANCISCO, Aug. 27, 2019 /PRNewswire/ - The global.

The high penetration of smartphones is one of the major reasons for market growth. The number of smartphone users is expected to cross 3.6 billion by 2023. This increase in smartphone penetration is attributed to the declining average selling price (ASP) of smartphones and developments in communication network infrastructure. Moreover, users are rapidly shifting from desktop to mobile devices for playing casino games. Smartphones are becoming one of the major platforms for online gambling as they provide ease of access to casino games and e-sports betting.

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As per Technavio, the use of AI in online gambling will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Gambling Market: Use of AI in Online Gambling

Enterprises across various industries are implementing AI solutions to improve their business processes. Gambling operators are also incorporating AI technology into their online gambling websites to improve user experience. Land-based casino operators are using AI to analyze the risk appetite behavior of the users, find the most lucrative player, and predict the winners and losers during casino games. This helps in making the decision to provide incentives and freebies to users. Thus, the increasing use of AI is expected to drive market growth during the forecast period.

“Apart from the use of AI in online gambling, other factors such as the use of bitcoins in gambling, and the growing number of mergers and acquisitions will have a positive impact on the gambling market growth during the forecast period,” says a senior analyst at Technavio.

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Gambling Market: Segmentation Analysis

This market research report segments thegambling marketby platform (offline gambling, and online gambling), type (lottery, betting, and casino), and geography (APAC, EMEA, North America, and South America).

The North American region led the market in 2018, followed by APAC, EMEA, and South America respectively. The growth of the gambling market share in North America can be attributed to factors such as the increasing demand for offline and online gambling games, rise in the number of mobile application platforms, and the increase in casinos, sports betting, online lottery, and online horse betting.

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Some of the key topics covered in the report include:

Market Landscape

• Market ecosystem
• Market characteristics
• Market segmentation analysis

Market Sizing

• Market definition
• Market size and forecast

Five Forces Analysis

Market Segmentation

Online Gaming Statistics

Geographical Segmentation

• Regional comparison
• Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

Online Gambling Stats

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Dublin, April 22, 2020 (GLOBE NEWSWIRE) -- The 'Online Gambling Market Size, Share & Trends Analysis Report by Type (Sports Betting, Casinos, Poker, Bingo), by Device (Desktop, Mobile), by Region (North America, Europe, APAC, Latin America, MEA), and Segment Forecasts, 2020 - 2027' report has been added to ResearchAndMarkets.com's offering.
The global online gambling market size is expected to reach USD 127.3 billion by 2027, registering a CAGR of 11.5% from 2020 to 2027. The market is expected to gain traction over the forecast period. The growing popularity of betting across the globe and freemium model in online gambling are among the potential opportunities likely to unfold in the next few years.
Increasing adoption of smartphones and easy access to casino gaming platforms is currently driving the market. Factors such as increasing internet penetration and the availability of cost-effective mobile applications for betting are also expected to contribute to market growth over the forecast period. According to the American Gaming Association (AGA), as of 2018, approximately 2,800 sites are active online and offer activities including bingo, poker, and lottery.
Electronic Gambling Devices (EGDs) are inexpensive to run and easily available. These devices have an in-built software that mimics the experience of a local casino. For instance, a Video Lottery Terminal (VLT) uses advancing technology and can also be customized to electronic slot machines, spinning reel slot machines, video slot machines, and electronic poker games.
The spread of COVID19 has accelerated the demand for online gambling. Moreover, increasing digitalization coupled with secure digital payment options are also some factors contributing to online gambling market growth. The market is further expected to gain momentum over the forecast period attributed to the rising use of digital currency and websites provided by companies for betting and gambling.
Further key findings from the report suggest:

• Ease of sports betting using a computer or smartphone coupled with the proliferation of sports betting ads across the globe is expected to propel segment growth over the forecast period
• Online gambling service providers/operators are allowed to enter into agreements with individual players or customers to provide betting services for real money, in turn attracting more gamers
• A large number of customers are using desktops for betting as downloading and installing casino software proves to be easier on desktops. This, in turn, is expected to propel the growth of the desktop segment
• Online agencies, networks and exchanges, and third-party ad servers are used for advertising gambling websites of various companies
• Europe is expected to continue its dominance over the forecast period. In the U.K., online gambling is legalized owing to safe practices and stringent regulations laid down by the government
• Asia Pacific is anticipated to register the highest growth rate owing to the increased adoption of smartphones, a larger proportion of younger population, and legalization of online gambling in the region. The market size is largely influenced by the size of betting and pertinent outcome
• Key companies in the online gambling market include William Hill PLC and Paddy Power Betfair PLC.
  

Key Topics Covered:
1. Methodology and Scope
2. Executive Summary
2.1 Online Gambling Market - Industry Snapshot & Key Buying Criteria, 2016 - 2027
2.2 Global Online Gambling Market, 2016 - 2027
2.2.1 Global online gambling market, by region, 2016 - 2027
2.2.2 Global online gambling market, by type, 2016 - 2027
2.2.3 Global online gambling market, by device, 2016 - 2027
3. Online Gambling Industry Outlook
3.1 Market Segmentation & Scope
3.2 Market Size and Growth Prospects
3.3 Online Gambling - Value Chain Analysis
3.3.1 Vendor landscape
3.4 Online Gambling Market Dynamics
3.4.1 Market driver analysis
3.4.1.1 Increasing investment in online gambling
3.4.1.2 Growing number of live casinos across the globe
3.4.2 Market restraint analysis
3.4.2.1 Increasing rate of cybercrimes
3.5 Penetration and Growth Prospect Mapping
3.6 Online Gambling Market - Porter's Five Forces Analysis
3.7 Online Gambling Market - Key Company Market Share Analysis, 2019
3.8 Online Gambling Market - PESTEL Analysis
3.9 Impact of COVID 19 on the Online Gambling Market
4. Online Gambling Type Outlook
4.1 Online Gambling Market Share By Type, 2019
4.2 Sports Betting
4.2.1 Sports betting online gambling market, 2016 - 2027
4.3 Casinos
4.3.1 Casinos online gambling market, 2016 - 2027
4.4 Poker
4.4.1 Poker online gambling market, 2016 - 2027
4.5 Bingo
4.5.1 Bingo online gambling market, 2016 - 2027
4.6 Others
4.6.1 Other online gambling market, 2016 - 2027
5. Online Gambling Device Outlook
5.1 Online Gambling Market Share By Device, 2019
5.2 Desktop
5.2.1 Desktop online gambling market, 2016 - 2027
5.3 Mobile
5.3.1 Online mobile gambling market, 2016 - 2027
5.4 Others
5.4.1 Other device for online gambling market, 2016 - 2027
6. Online Gambling Regional Outlook
6.1 Online Gambling Market Share by Region, 2019
6.2 North America
6.2.1 North America online gambling market, 2016 - 2027
6.2.2 North America online gambling market, by type, 2016 - 2027
6.2.3 North America online gambling market, by device, 2016 - 2027
6.2.4 U.S.
6.2.4.1 U.S. online gambling market, 2016 - 2027
6.2.4.2 U.S. online gambling market, by type, 2016 - 2027
6.2.4.3 U.S. online gambling market, by device, 2016 - 2027
6.2.5 Canada
6.2.5.1 Canada online gambling market, 2016 - 2027
6.2.5.2 Canada online gambling market, by type, 2016 - 2027
6.2.5.3 Canada online gambling market, by device, 2016 - 2027
6.3 Europe
6.3.1 Europe online gambling market, 2016 - 2027
6.3.2 Europe online gambling market, by type, 2016 - 2027
6.3.3 Europe online gambling market, by device, 2016 - 2027
6.3.4 U.K.
6.3.4.1 U.K. online gambling market, 2016 - 2027
6.3.4.2 U.K. online gambling market, by type, 2016 - 2027
6.3.4.3 U.K. online gambling market, by device, 2016 - 2027
6.3.5 Germany
6.3.5.1 Germany online gambling market, 2016 - 2027
6.3.5.2 Germany online gambling market, by type, 2016 - 2027
6.3.5.3 Germany online gambling market, by device, 2016 - 2027
6.4 Asia Pacific
6.4.1 Asia Pacific online gambling market, 2016 - 2027
6.4.2 Asia Pacific online gambling market, by type, 2016 - 2027
6.4.3 Asia Pacific online gambling market, by device, 2016 - 2027
6.4.4 China
6.4.4.1 China online gambling market, 2016 - 2027
6.4.4.2 China online gambling market, by type, 2016 - 2027
6.4.4.3 China online gambling market, by device, 2016 - 2027
6.4.5 India
6.4.5.1 India online gambling market, 2016 - 2027
6.4.5.2 India online gambling market, by type, 2016 - 2027
6.4.5.3 India online gambling market, by device, 2016 - 2027
6.4.6 Japan
6.4.6.1 Japan online gambling market, 2016 - 2027
6.4.6.2 Japan online gambling market, by type, 2016 - 2027
6.4.6.3 Japan online gambling market, by device, 2016 - 2027
6.5 Latin America
6.5.1 Latin America online gambling market, 2016 - 2027
6.5.2 Latin America online gambling market, by type, 2016 - 2027
6.5.3 Latin America online gambling market, by device, 2016 - 2027
6.5.4 Brazil
6.5.4.1 Brazil online gambling market, 2016 - 2027
6.5.4.2 Brazil online gambling market, by type, 2016 - 2027
6.5.4.3 Brazil online gambling market, by device, 2016 - 2027
6.6 MEA
6.6.1 MEA online gambling market, 2016 - 2027
6.6.2 MEA online gambling market, by type, 2016 - 2027
6.6.3 MEA online gambling market, by device, 2016 - 2027

7. Competitive Landscape
7.1 William Hill PLC
7.1.1 Company overview
7.1.2 Financial performance
7.1.3 Product benchmarking
7.1.4 Strategic initiatives
7.2 Bet365 Group Ltd.
7.3 Paddy Power Betfair PLC
7.4 Betsson AB
7.5 Ladbrokes Coral Group PLC
7.6 The Stars Group Inc.
7.7 888 Holdings PLC
7.8 Sky Betting & Gaming
7.9 Kindred Group PLC
7.10 GVC Holdings PLC
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