Online Gambling Market Analysis, Size, Growth, Share, Outlook & Forecast to 2027
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, according to a new report by Grand View Research, Inc. The market is expected to gain traction over the forecast period. 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 are currently driving the market. Factors such as increasing internet penetration and 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. Online Gambling Market Report Highlights
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 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, 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.
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Online Gambling Market Segmentation Online Gambling Market Segmentation
Grand View Research has segmented the global online gambling market on the basis of type, device, and region: Online Gambling Type Outlook (Revenue, USD Billion, 2016 - 2027)
Sports Betting
Casinos
Poker
Bingo
Others
Get Sample of Report @ https://www.grandviewresearch.com/industry-analysis/onlinegambling-market/request/rs1 Online Gambling Device Outlook (Revenue, USD Billion, 2016 - 2027)
Desktop
Mobile
Others
Online Gambling Regional Outlook (Revenue, USD Billion, 2016 - 2027)
North America o
U.S.
o
Canada
Europe o
Germany
o
U.K.
Asia Pacific o
China
o
India
o
Japan

Latin America o

Brazil
Middle East & Africa
Table of Content Chapter 1 Methodology and Scope 1.1 Research Methodology 1.2 Research Scope and Assumptions 1.3 List of Data Sources Chapter 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 Chapter 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 Continue……… About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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