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Online Gambling & Betting Market Analysis | CMI

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Title: Online Gambling & Betting Market Analysis | CMI


1
  • Coherent Market Insights
  • Market Research and Business Consulting Services
  • https//www.coherentmarketinsights.com/
  • COVID-19 Impact Tracker

2
ONLINE GAMBLING BETTING MARKET ANALYSIS
  • Online Gambling and Betting Market Report, by
    Gaming Type (Poker, Casino, Lottery, Bingo, and
    Sports Betting), by Device Type (Desktop and
    Mobile), and by Region (North America, Europe,
    Asia Pacific, Latin America, Middle East, and
    Africa) - Size, Share, Outlook, and Opportunity
    Analysis, 2018-2026

3
  • Global Online Gambling and Betting Market is
    expected to witness significant growth during the
    forecast period (20182026). The market growth is
    majorly attributed to increasing population and
    increasing use of internet across the globe.
    Moreover, many countries such as Argentina,
    Australia, Brazil, Singapore, and Ghana are
    relaxing the laws and regulations for online
    gambling and betting. For instance, China allows
    betting only on approved sites and the Chinese
    Sports Lottery has the monopoly on all sports
    betting, in Japan, online betting for lottery,
    public sports, and football are allowed, and in
    Singapore, gambling is legalized but highly
    regulated.

4
Market Drivers
  • Increasing internet penetration is expected to
    drive the market growth
  • Online gambling and betting market is expected to
    witness considerable growth during the forecast
    period, as online gambling platforms provide high
    level of accessibility to the user for gambling
    or betting at any time and at any place.
    Moreover, through mobile applications, large
    wagers can give offers and continuously update on
    betting rate.
  • According to Our World in Data, estimated number
    of internet users worldwide reached 3.4 billion
    in 2016. Increasing number of internet users is
    one of the major factors driving growth of the
    market, as an internet gambler can get access to
    vast number of betting options from providers
    website or gaming applications. Some of the
    countries in Asia Pacific such as India, China,
    and Indonesia have huge number of internet users.

5
  • Increasing use of mobile devices is expected to
    drive the market growth
  • According to a report published by Pew Research
    Center in February 2018, 77 of the adults in the
    U.S. are using smartphone and in 2011, this
    number was only 35, as mobile phones offer
    features such as internet access, gaming
    applications, and social media. Gaming providers
    are offering easy to operate mobile applications
    for gambling with easy to transfer payment
    options.

6
Figure 1. Global Online Gambling and Betting
Market Share, by Device Type (2017, )
7
Market Opportunities
  • Increasing use of virtual currencies is expected
    to boost growth of the online gambling and
    betting market
  • In the past few years, virtual currency and
    cryptocurrency have gained popularity. Currently,
    many gaming operators offer a variety of payment
    options such as visa casinos, check online
    casinos, neteller online casinos, and paypal
    casinos, however, virtual currency is mostly
    preferred among online casinos. Speedy deposit or
    withdrawal of money for online gambling is
    preferred by consumers. Bitcoin has become a
    popular payment method in online gambling, with
    some online casinos already accepting it as a
    standard payment method. According to a report
    published by bitcoin.com in January 2019, over
    24.5 billion bets have been placed with bitcoins
    over the past 2 years.

8
Figure 2. Global Online Gambling and Betting
Market Share, by Region (2017, )
9
  • Asia pacific region is expected to witness a
    considerable growth rate over the forecast period
  • The online gambling and betting market in Asia
    Pacific region is expected to grow at a CAGR of
    14 over the forecast period. Relaxation of laws,
    rising number of internet users, and availability
    of gambling and betting websites with attractive
    offers are factors driving growth of the online
    gambling and betting market in Asia Pacific
    region. Moreover, increasing use of
    internet-based devices and increasing trust on
    payment options are propelling growth of the
    online gambling and betting market across the
    region.

10
Key Players
  • Key players operating in the global online
    gambling and betting industry include 888
    Holdings, GVC Holdings, Kindred Group, Paddy
    Power, Betfair, William Hill, Bet365, Stars
    Group, Draft Kings, Betsson, and BetAmerica.

11
  • Request Sample Report
  • Request Customization
  • Download PDF Brochure
  • Talk to Analyst
  • Reference https//www.coherentmarketinsights.com
    /market-insight/online-gambling-and-betting-market
    -2511

12
About Us
  • Coherent Market Insights is a global market
    intelligence and consulting organization focused
    on assisting our plethora of clients achieve
    transformational growth by helping them make
    critical business decisions.
  • What we provide
  • Customized Market Research Services
  • Industry Analysis Services
  • Business Consulting Services
  • Market Intelligence Services
  • Long term Engagement Model
  • Country Specific Analysis

13
Contact Us
  • Mr. Shah
  • Coherent Market Insights Pvt.Ltd.
  • Address 1001 4th Ave, 3200 Seattle, WA 98154,
    U.S.
  • Phone 1-206-701-6702
  • Email sales_at_coherentmarketinsights.com

14
  • Thank You!
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    for the latest company updates
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