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Online Gambling & Betting Market to See Massive Growth by 2029 : Bet365, DraftKings, Betsson

Global Online Gambling & Betting Market Breakdown by Type (Virtual Poker, Virtual Casinos, Sports Betting, Lotteries, Others) by End User (Desktop, Mobile, Other) and by Geography (North America, South America, Europe, Asia Pacific, MEA)

 

Pune, Maharashtra -- (SBWIRE) -- 11/16/2023 -- According to HTF Market Intelligence, the Global Online Gambling & Betting market to witness a CAGR of 12.5% during the forecast period (2023-2029). The Latest Released Online Gambling & Betting Market Research assesses the future growth potential of the Online Gambling & Betting market and provides information and useful statistics on market structure and size.

This report aims to provide market intelligence and strategic insights to help decision-makers make sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report identifies and analyses the changing dynamics and emerging trends along with the key drivers, challenges, opportunities and constraints in the Online Gambling & Betting market. The Online Gambling & Betting market size is estimated to increase by USD 152.7 Billion at a CAGR of 12.5% by 2029. The report includes historic market data from 2023 to 2029. The Current market value is pegged at USD 65.24 Billion.

The Major Players Covered in this Report: 888 Holdings (Gibraltar), Bet365 (United Kingdom), Betfair (United Kingdom), Betsson (Malta), DraftKings (United States), Entain (United Kingdom), Flutter Entertainment (Ireland), GVC Holdings (Isle of Man), Kindred Group (Malta), Ladbrokes Coral Group (United Kingdom), MGM Resorts International (United States)

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Definition:
The "Online Gambling and Betting Market" refers to the segment of the global gambling and betting industry that involves wagering on various games and activities through internet-connected devices, such as computers, smartphones, and tablets. This market encompasses a wide range of online gambling and betting activities, including casino games, sports betting, poker, bingo, lottery, and other forms of online gaming. Gambling and betting activities are conducted through websites, mobile apps, or software platforms provided by online gambling operators. The market offers a diverse array of games and activities, including slot machines, card games, roulette, virtual sports, and various betting options on real sports events. Online gambling and betting can be accessed by users worldwide, making it a global market with players from many countries participating. Users have the option to gamble with real money or play for free in demo modes, allowing them to practice and enjoy games without financial risk.

Market Trends:
A significant trend was the increasing popularity of mobile gambling and betting, with users preferring to wager on smartphones and tablets.
Live dealer casino games were on the rise, providing a more immersive and interactive experience for online players.
Wagering on eSports events and competitions continued to gain traction, attracting a younger demographic of bettors.

Market Drivers:
The shift toward online gambling was driven by the ongoing digital transformation, with more traditional players moving their operations to digital platforms.
Online gambling offers convenience, enabling users to wager from the comfort of their homes, which became especially significant during the COVID-19 pandemic.
Major sports events, such as the FIFA World Cup and the Olympics, drove increased sports betting activity.

Market Opportunities:
The global nature of online gambling allowed for market expansion into new regions and countries, presenting opportunities for operators to reach a broader customer base.
There were opportunities for operators to innovate and create new and engaging gaming experiences, attracting a wider audience.
The use of data analytics and AI-driven marketing offered opportunities to provide personalized offers and promotions to players.

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The titled segments and sub-sections of the market are illuminated below:
In-depth analysis of Marine Propulsion Engines market segments by Types: Virtual Poker, Virtual Casinos, Sports Betting, Lotteries, Others
Detailed analysis of Marine Propulsion Engines market segments by Applications: Desktop, Mobile, Other

Major Key Players of the Market: 888 Holdings (Gibraltar), Bet365 (United Kingdom), Betfair (United Kingdom), Betsson (Malta), DraftKings (United States), Entain (United Kingdom), Flutter Entertainment (Ireland), GVC Holdings (Isle of Man), Kindred Group (Malta), Ladbrokes Coral Group (United Kingdom), MGM Resorts International (United States)

Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

Objectives of the Report:
- -To carefully analyse and forecast the size of the Online Gambling & Betting market by value and volume.
- -To estimate the market shares of major segments of the Online Gambling & Betting market.
- -To showcase the development of the Online Gambling & Betting market in different parts of the world.
- -To analyse and study micro-markets in terms of their contributions to the Online Gambling & Betting market, their prospects, and individual growth trends.
- -To offer precise and useful details about factors affecting the growth of the Online Gambling & Betting market.
- -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Online Gambling & Betting market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.

Global Online Gambling & Betting Market Breakdown by Type (Virtual Poker, Virtual Casinos, Sports Betting, Lotteries, Others) by End User (Desktop, Mobile, Other) and by Geography (North America, South America, Europe, Asia Pacific, MEA)

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Key takeaways from the Online Gambling & Betting market report:
– Detailed consideration of Online Gambling & Betting market-particular drivers, Trends, constraints, Restraints, Opportunities, and major micro markets.
– Comprehensive valuation of all prospects and threats in the
– In-depth study of industry strategies for growth of the Online Gambling & Betting market-leading players.
– Online Gambling & Betting market latest innovations and major procedures.
– Favourable dip inside Vigorous high-tech and market latest trends remarkable the Market.
– Conclusive study about the growth conspiracy of Online Gambling & Betting market for forthcoming years.

Major questions answered:
- What are influencing factors driving the demand for Online Gambling & Betting near future?
- What is the impact analysis of various factors in the Global Online Gambling & Betting market growth?
- What are the recent trends in the regional market and how successful they are?
- How feasible is Online Gambling & Betting market for long-term investment?

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Major highlights from Table of Contents:
Online Gambling & Betting Market Study Coverage:
- It includes major manufacturers, emerging player's growth story, and major business segments of Online Gambling & Betting Market - Global Trend and Outlook to 2028 market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
- Online Gambling & Betting Market - Global Trend and Outlook to 2028 Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
- Online Gambling & Betting Market Production by Region Online Gambling & Betting Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
Key Points Covered in Online Gambling & Betting Market Report:
- Online Gambling & Betting Overview, Definition and Classification Market drivers and barriers
- Online Gambling & Betting Market Competition by Manufacturers
- Online Gambling & Betting Capacity, Production, Revenue (Value) by Region (2023-2029)
- Online Gambling & Betting Supply (Production), Consumption, Export, Import by Region (2023-2029)
- Online Gambling & Betting Production, Revenue (Value), Price Trend by Type {Virtual Poker, Virtual Casinos, Sports Betting, Lotteries, Others}
- Online Gambling & Betting Market Analysis by Application {Desktop, Mobile, Other}
- Online Gambling & Betting Manufacturers Profiles/Analysis Online Gambling & Betting Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
- Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.

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