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Online Gambling & Betting Market

Online Gambling & Betting Market Size, Share & Segmentation by Type (Sports Betting, Casinos, Poker, Bingo, Others), by Device (Desktop, Mobile, Others) by Regions and Global Market Forecast 2022-2028

Report Id: SNS/ICT/1929 | June 2022 | Region: Global | 120 Pages

Report Scope & Overview:

The Online Gambling & Betting market size was valued at USD 2.78 Bn in 2021 and is expected to reach USD 123.30 Bn by 2028, and grow at a CAGR of 71.9% over the forecast period 2022-2028.

The term "online gambling," often known as "online betting" or "internet gambling," refers to a variety of online activities. It refers to any type of gambling that takes place through the internet. Players can place bets on live sports or other connected events in order to win prizes or money. Virtual poker, sports betting, and casinos are all included. Online betting platforms, mobile apps, and websites are becoming increasingly popular throughout the world.

Online Gambling & Betting Market

The Online Gambling & Betting market consists of the sale of gambling activities over the internet by entities (organizations, sole traders, or partnerships) that operate Online Gambling & Betting facilities such as online casinos, online bingo, online lotteries, online poker, online video games, and sports betting, among other things. Users may bet real money while playing remotely or from anywhere in the world using these services. The Online Gambling & Betting market covers the sale of gaming services via mobile, desktop, and other platforms.

Following are observations and trends for the online gambling industry that may be expected over the forecasting period, which can, by the way, tremendously assist you in understanding the Online Gambling and Betting Market.

1. Bitcoin and other cryptocurrencies

2. For bookmakers and gamblers, e-sports betting will be a game-changer.

3. Virtual and Augmented Reality, since gamblers want more and better visuals at the same time.

4. Smartwatches are becoming increasingly popular. It should come as no surprise that numerous online gaming companies are developing wearables and smartphone apps for various operating systems.

MARKET DYNAMICS:

KEY DRIVERS:

  • Raising online gaming investment.

  • The ever-increasing number of live casinos throughout the world.

RESTRAINTS:

  • Cybercrime is on the rise.

  • Software hacking and phony programs are used to manipulate signals.

OPPORTUNITY:

  • Because cryptocurrency is quick and secure, gambling with it opens up a world of possibilities

  • Gambling has been permitted in a number of nations throughout the world due to job opportunities.

CHALLENGES:

  • Cryptocurrency transactions are subject to a number of regulations.

  • App-based theft is becoming more prevalent in the online gaming industry.

IMPACT OF COVID-19:

The COVID-19 epidemic slowed the market's expansion. Land-based casino businesses have been impacted by the various nations' and governments' lockdown and social distancing restrictions. Several land-based gambling establishments were compelled to close, including bingo halls, casinos, clubs, pubs, horseracing tracks with electronic gambling machines (EGMs), betting shops, poker rooms, and lottery merchants. Due to the lockout, many gambling market players have turned to internet gaming. Many people have turned to internet gambling as a result of having more free time and boredom. Gambling activity on internet platforms has decreased as major sporting events have been canceled or postponed. However, following COVID-19, the sector has seen a spike in online gambling as a result of the relaxation of lockdown restrictions and the restoration of live sports events throughout the world.

MARKET ESTIMATION:

In 2021, the sports betting category held the greatest proportion of the worldwide market. The segment's growth is expected to be fueled by the increasing popularity of digital platforms throughout the world. The sector growth is likely to be aided by the increased spending ability of the people in emerging countries as per capita income rises. The Poker category, on the other hand, is growing at a steady rate in the total market. This can be attributed to a variety of things, such as the enormous popularity of virtual card games and others. One of the primary aspects driving the segment's growth is the convenience provided by digital platforms. Wallets, credit/debit cards, and cryptocurrencies are all accepted by the majority of sites and platforms. Furthermore, the availability of a diverse choice of online poker games is expected to enhance the industry's growth.

In 2021, the desktop category had the most revenue share, and it is likely to continue to lead the market in the next years. The enhanced capabilities supplied by PCs for virtual betting are responsible for the segment's significant rise. The desktop includes a large screen that allows the gambler to see all of the game's detailed nuances. Other computer settings, like as graphics, picture quality, and loudness, can also improve the whole experience. The mobile category is also expected to increase significantly over the world. Globally, this rise can be ascribed to rising smartphone and internet adoption. Furthermore, several advantages such as the ease of access provided by mobile phones, the mobility provided, and the enhanced deposit possibilities, among others, are likely to present the market with significant development opportunities. The growing availability of numerous low-cost and freemium mobile applications is likely to promote the segment's growth. Fake mobile apps and app-based hacking, on the other hand, are expected to stifle the segment's growth.

KEY MARKET SEGMENTS:

On The Basis of Type

  • Sports Betting

  • casinos

  • Poker

  • Bingo

  • Others

On The Basis of Device

  • Desktop

  • Mobile

  • Others

Online Gambling & Betting Market

REGIONAL ANALYSIS:

Furthermore, several advantages such as the ease of access provided by mobile phones, the mobility provided, and the enhanced deposit possibilities, among others, are likely to present the market with significant development opportunities. The growing availability of numerous low-cost and freemium mobile applications is likely to promote the segment's growth. Fake mobile apps and app-based hacking, on the other hand, are expected to stifle the segment's growth.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

KEY PLAYERS:

The major key players are William Hill, Bet365, Paddy Power Betfair PLC, Betsson AB, Ladbrokes Coral Group PLC, The Stars Group Inc., 888 Holdings PLC, Sky Betting, and Gaming, Kindred Group PLC, GVC Holdings PLC.

 

Online Gambling & Betting Market Report Scope:
Report Attributes Details
Market Size in 2021  US$ 2.78 Bn
Market Size by 2028  US$ 123.30 Bn
CAGR   CAGR of 71.9% From 2022 to 2028
Base Year 2021
Forecast Period  2022-2028
Historical Data  2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Sports Betting, Casinos, Poker, Bingo, Others)
• By Device (Desktop, Mobile, Others
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles William Hill, Bet365, Paddy Power Betfair PLC, Betsson AB, Ladbrokes Coral Group PLC, The Stars Group Inc., 888 Holdings PLC, Sky Betting, and Gaming, Kindred Group PLC, GVC Holdings PLC.
Key Drivers • Raising online gaming investment.
• The ever-increasing number of live casinos throughout the world.
Market Challenges • Cryptocurrency transactions are subject to a number of regulations.
• App-based theft is becoming more prevalent in the online gaming industry.

 


Frequently Asked Questions (FAQ) :

Ans: - The Online Gambling & Betting market size was valued at USD2.78 Bn in 2021.

Ans: - Raising online gaming investment and the ever-increasing number of live casinos throughout the world.

Ans: - Bitcoin and other cryptocurrencies and for bookmakers and gamblers, e-sports betting will be a game-changer.

Ans: - The major key players are William Hill, Bet365, Paddy Power Betfair PLC, Betsson AB, Ladbrokes Coral Group PLC, The Stars Group Inc., 888 Holdings PLC, Sky Betting, and Gaming, Kindred Group PLC, GVC Holdings PLC.

Ans: - The study includes a comprehensive analysis of Online Gambling & Betting Market trends, as well as present and future market forecasts. DROC analysis, as well as impact analysis for the projected period. Porter's five forces analysis aids in the study of buyer and supplier potential as well as the competitive landscape etc.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of the Ukraine- Russia war

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7. PEST Analysis

 

8. Online Gambling & Betting Market Segmentation, by Type

8.1 Sports Betting

8.2 Casinos

8.3 Poker

8.4 Bingo

8.5 Others

 

9. Online Gambling & Betting Market, by Device

9.1 Desktop

9.2 Mobile

9.3 Others

 

10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 USA

10.2.2 Canada

10.2.3 Mexico

10.3 Europe

10.3.1 Germany

10.3.2 UK

10.3.3 France

10.3.4 Italy

10.3.5 Spain

10.3.6 The Netherlands

10.3.7 Rest of Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 South Korea

10.4.3 China

10.4.4 India

10.4.5 Australia

10.4.6 Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1 Israel

10.5.2 UAE

10.5.3 South Africa

10.5.4 Rest

10.6 Latin America

10.6.1 Brazil

10.6.2 Argentina

10.6.3 Rest of Latin America

 

 

11. Company Profiles

11.1 William Hill

11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 SWOT Analysis

11.1.4 The SNS view

11.2 Bet365

11.3 Paddy Power Betfair PLC

11.4 Betsson AB

11.5 Ladbrokes Coral Group PLC

11.6 The Stars Group Inc.

11.7 888 Holdings PLC

11.8 Sky Betting and Gaming

11.9 Kindred Group PLC

11.10 GVC Holdings PLC

 

12. Competitive Landscape

12.1 Competitive Benchmarking

12.2 Market Share Analysis

12.3 Recent Developments

 

13. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

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This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

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