Online Gambling and Betting Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

Albany, NY -- (SBWire) -- 06/11/2018 --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.

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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.

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There is a clear increase in the number of consumer electronics being used by the day in all countries and across all economic levels. The growing number of consumers using smartphones, tablets, and other portable electronic media and entertainment devices are currently a high priority demographic for the global online gambling and betting market.

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A TMR analyst states, "The expansive scope of consumer reach that these players can achieve through the use of smartphone apps alone is strong enough for them to consider creating standalone gambling and betting portals for mobile users. This allows the global online gambling and betting market to generate a staggering amount of income from users that like to play or bet using their smartphone on the go, rather than having to access websites on PCs or kiosks."