Online Gambling Market Business Trends, Global Segments, COVID – 19 Impact Analysis, Regional Study and Industry Profit Growth Forecast Till 2025
Online Gambling Market Synopsis:
As per the
analysis by Market Research Future Reports (MRFR), the global online gambling
market is estimated to value USD 50.85 Billion, with a CAGR of 13.2 % during
the review period. However, there has been a change in the global online
gambling market 2020 due to the outbreak of COVID-19. We will provide COVID-19
impact analysis with report. As per the analysis, the traffic of gambling
resources has elevated by 10 to 15%. The online gambling market increased
significantly in March 2020. Online gambling has resulted in being a
substantial revenue-generating resource for governments. Some of the countries
have decided to take advantage of the booming popularity of online gambling
platforms. For example, Belarus officially announced to make Online Gambling Market legal. However, the market
experienced a downfall in April due to the implementation of strict online
gambling rules.
Online
casinos and poker are some of the most popular games in the online gambling
market. With the rapid advancement in mobile apps and the Internet of Things
(IoT), the online gambling market has shown a significant expansion concerning
the number of users. Because of seamless internet connectivity, online gambling
platforms have started functioning efficiently. This factor has assisted in
augmenting the expansion of the market. Online gambling companies are spending
enormously to innovate the platform.
Major
Key Players:
The
forefront players of the global online gambling market are The Stars Group
(Canada), International Game Technology PLC (US), Betsson AB
(Sweden), Net Entertainment (Sweden), Kindred Group Plc
(Malta), Paddy Power Betfair PLC (Ireland), Ladbrokes Betting & Gaming
Ltd.(UK), 888 Holdings PLC (UK), Bet-at-home.com (UK), Betfair
Group plc. (UK), Bwin. Party Digital Entertainment (Austria), William Hill
Plc (UK), bet365 (UK), Scientific Games (US), VGC Holdings PLC (Isle of
Man), Betway (Europe), Spin Inc. (US), and Royal Panda (Europe).
Market
Segmentation:
The global
online gambling market can be segregated on the basis of device type, end-user,
game type, and regions.
- On the basis of device type, the global
online gambling market can be classified into mobile and desktop.
- On the basis of end-users, the global
online gambling market can be classified into social exuberant,
gambling enthusiasts, and dabbles.
- On the basis of game type, the global
online gambling market can be classified into the casino, betting,
poker, online bingo, lottery, and others.
- On the basis of region, the global online
gambling market can be classified into Asia-Pacific, North America,
Europe, the Middle East & Africa, and South America.
Regional
Analysis:
The
geographical analysis of Asia-Pacific, North America, Europe, the Middle East
& Africa, and South America has been conducted. As per the analysis by the
MRFR, Europe dominates the global market in terms of market share since the
companies established in the region are technically advanced. Besides that, governments
of the region have implemented supportive rules and regulations, which further
propels the market. Additionally, the largest global online gambling companies
are situated in the European region. On the other hand, the APAC region is
estimated to record the highest CAGR during the forecast period. There has been
sudden popularity of mobile gambling and an increase in foreign investment,
which further propels the APAC market.
However,
there has been a change in market dynamics due to the outbreak of COVID-19. The
countries which have benefitted during the pandemic are Spain, Italy, the
Philippines, the US, India, and Georgia.
Industry
News:
May 2020
The
Ukrainian court has ordered internet service providers (ISPs) to block access
to 59 online gambling websites based on the evidence provided by the Security
Service of Ukraine (SBU).
Table of
Contents
1.
Executive Summary
1.1. Market
Attractiveness Analysis
1.1.1.
Global Online Gambling Market, By Game Type
1.1.2.
Global Online Gambling Market, By Device Type
1.1.3.
Global Online Gambling Market, By End User
1.1.4.
Global Online Gambling Market, By Region
2.
Market Introduction
2.1.
Definition
2.2. Scope
Of The Study
2.3. Market
Structure
Continued…
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List of
Tables
Table 1
List of Assumptions
Table 2
Global Online Gambling Market, By Game Type, 2017–2025 (Usd Million)
Table 3
Global Online Gambling Market, By Device Type, 2017–2025 (Usd Million)
Table 4
Global Online Gambling Market, By End User, 2017–2025 (Usd Million)
Table 5
Global Online Gambling Market, By Region, 2017–2025 (Usd Million)
Continued…
List of
Figures
Figure 1
Market Synopsis
Figure 2
Research Process OfMrfr
Figure 3
Top Down & Bottom Up Approach
Figure 4
Global Online Gambling Market, By Game Type, 2017–2025 (Usd Million)
Figure 5
Global Online Gambling Market, By Device Type, 2017–2025 (Usd Million)
Continued…
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