Online Gambling Market in terms of revenue was worth of USD 45837.26 million in 2019 and is expected to reach USD 77420.56 million in 2026, growing at a CAGR of 7.91% from 2019 to 2026
Get Sample Copy of The Report@ https://brandessenceresearch.com/requestSample/PostId/1426
Increasing adoption of smartphones, surge in internet penetration and availability of cost-effective mobile applications for betting are some key impacting factors contributing to online gambling market growth within the forecast period. According to Internet Innovation Alliance report; In 2016, a total of 1.5 billion smartphones were sold worldwide and it is estimated that the U.S. will have a 72.7 percent smartphone penetration rate by 2021. According to the American Gaming Association (AGA), approximately 2,800 sites are active online and offer activities with bingo, poker, and lottery in 2018. Moreover, easy availability of electronic gambling devices (EGDs), technological advancements and presence of leading gaming providers will provide significant openings in the global online gambling market during the forecast period. For instance; a Video Lottery Terminal (VLT) uses advancing technology and can also be customized to electronic slot machines, video slot machines, spinning reel slot machines and electronic poker games.
Betsson AB, 888 Holdings PLC, The Stars Group Inc., The Kindered Group, GVC Holdings, William Hill PLC, Bet365, LeoVegas AB, Flutter Entertainment PLC, Cherry Spelglädje AB
Mobile technology has spread rapidly around the globe. Currently, it is estimated that more than 5 billion people have mobile devices, and over half of these connections are smartphones. But the growth in mobile technology to date has not been equal, either across nations or within them. People in advanced economies are more likely to have smartphones in particular and are more likely to use the internet and social media than people in emerging economies. Casino games are also available on online casinos. Casino games can also be played outside casinos for entertainment purposes like in parties or in school competitions, some on machines that simulate gambling. Casinos may also offer other types of gaming such as; hosting poker games or tournaments, where players compete against each other.
Global Online Gambling Market Segmentation :–
By Game Type:
Sports Betting
Football
Horse Racing
E-sports
Other
Casino
Live Casino
Baccarat
Blackjack
Poker
Slots
Others
Lottery
Bingo
By End User:
Desktop
Mobile