The global online gambling and betting market is expected to reach US$96.89 bn by the end of 2024. The market is projected to expand at a CAGR of 10.8% from 2016 to 2024. By the end of 2016, the global online gambling and betting market is expected to reach US$42.63 bn.
Albany, NY -- (SBWIRE) -- 01/22/2018 -- Global Online Gambling and Betting Market: Overview
Online gambling and betting consists of operators providing gambling and betting games such as poker, casino, sports betting, lottery and other games to end-user through digital environment. This helps end-users to witness gambling and betting activities in real-time through their mobile and other electronic devices. The demand for online gambling and betting is expected to increase in the coming years owing to the growing ease in regulatory norms by various countries globally. The adoption of online gambling by a number of traditional or land-based market operators in the Europe and Asia Pacific regions is expected to increase the adoption of online gambling and betting solutions.
This research report provides an in-depth analysis of the global online gambling and betting market based on game type and geography. The global online gambling and betting market is categorized based on game types into poker, casino, social gaming, lottery, bingo, sports betting and fantasy sports. The report analyzes each of these segments for the various geographies considered under the scope of the study.
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Global Online Gambling and Betting Market: Geographical Assessment
Based on geographical regions, the report segments the global online gambling and betting market into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America, which are analyzed in terms of revenue generation. North America is further segmented into the U.S., Canada and Rest of North America, while Europe is divided into the U.K., Malta, Gibraltar, France, Spain, Italy, Germany and Rest of Europe. Asia Pacific is subdivided into China, Japan, Australia, Philippines and Rest of Asia Pacific. Also, MEA is further segmented into South Africa, Nigeria and Rest of MEA, while South America is subdivided into Brazil and Rest of South America. The market revenue for Isle of Man is considered under the U.K. in the report.
Global Online Gambling and Betting Market: Scope of the Study
The report also provides an analysis of the factors that drive and restrain the growth of the online gambling and betting market. It discusses the prevailing market trends, prospective growth opportunities, and major strategies increasing the popularity of the global online gambling and betting market. It provides market estimates and forecasts for all the segments in terms of revenue. Also provided in the report is the market positioning of key players and competition matrix for each player. The report also provides industry evolution and Porter's Five Forces Analysis for the global online gambling and betting market.
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Major business strategies adopted by key players, their SWOT analysis, and financial information have also been identified in the research report. The key market players profiled in this study include NetEnt AB, GVC Holdings Plc, 888 Holdings plc, Ladbrokes Coral Group Plc, Fortuna Entertainment Group, Playtech Plc, William Hill plc, Kindred Plc, Amaya Inc and Paddy Power Betfair Plc.
Global Online Gambling and Betting Market
By Game Type
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Middle East and Africa