Global Online Gambling Market Size, Share, Analysis, Industry Report and Forecast 2019-2025
The global online
gambling industry is estimated to register lucrative growth over the forecast
period 2019-2025. Factors that augment the business growth of the market
include high internet penetration coupled with the increasing use of mobile
phones. Moreover, ease of access to online gambling, legalization &
cultural approval, corporate sponsorships, and celebrity endorsements are
further fueling the growth of the market. Apart from this, the growing
availability of cost-effective online gambling mobile applications across the
globe is also driving the market growth. The recent COVID-10 outbreak, which
prompted several governments to prohibit social gatherings and announce full
lockdown, has impacted a segmental performance of the industry.
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The report analyzes
the global online gambling market on the basis of type and geography. Based on
the type, the market is segmented into sports betting, casinos, poker, and
bingo.Sports betting contributes significant revenue to the global online
gambling industry; however, it has been hit hard by the spread of the deadliest
virus across the globe. Several sports events and tournaments including Indian
Premier League (IPL) 13, UEFA Euro Cup 2020, Summer Olympics 2020 have been
either postponed or canceled, providing a heavy blow to the several online
sports betting companies. Further, amid the virus crisis and no sports
tournaments or events in place, bettors are shifting to other gambling types
such as pokers and casinos. Thereby, fueling the other segmental growth of the
market.
A
full Report of Global Online Gambling Market is Available at: https://www.omrglobal.com/industry-reports/online-gambling-market
The global online
gambling market is analyzed on the basis of the geographical regions that are
contributing significantly towards the growth of the market. The market has
been segmented into North America, Europe, Asia Pacific and Rest of the World
(RoW). Europe is expected to be the major region in the global online gambling
market owing to the legalization of gambling in countries such as France,
Germany, Spain, and Italy. Moreover, other factors that fuel the regional
business growth include the significant presence of major players, such as
William Hill PLC, Cherry AB, 888 Holdings PLC, and several others in the
region; and high penetration of the internet coupled with the high smartphone
penetration across the region. Asia-Pacific is estimated to be the
fastest-growing region in the global online gambling market due to the growing
use of internet services and the relaxation of regulations pertaining to online
betting & gambling.
Global Online Gambling
Market Segmentation
·
Type
·
Sports Betting
·
Casinos
·
Poker
·
Bingo
Regional Analysis
·
North America
·
United States
·
Canada
·
Europe
·
UK
·
Germany
·
Italy
·
Spain
·
France
·
Rest of Europe
·
Asia-Pacific
·
China
·
India
·
Japan
·
Rest of Asia-Pacific
·
Rest of the World
Companies Studied
·
888 Holdings PLC
·
Bet365 Group Ltd.
·
Betsson AB
·
Cherry AB
·
GVC Holdings PLC
·
Kindred Group PLC
·
Ladbrokes Coral Group PLC
·
Flutter Entertainment PLC
·
The Stars Group Inc.
·
William Hill PLC
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