Online Gambling Market is poised to reach USD 165.3 Billion, growing at a 11.30% CAGR by 2030 – Report by Market Research Future (MRFR) Online Gambling Market
Research Reports
Oct 30, 2022
Market Synopsis
As per the analysis by Market Research Future Reports (MRFR), the global online gambling market is estimated to value USD 165.3 Billion, with a CAGR of 11.30% during the review period (2022-2030). 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 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 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 market. With the rapid advancement in mobile apps and the Internet of Things (IoT), the 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.
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Online Gambling Market Report Scope:
| Parameter | Details |
| Revenue Forecast in 2030: | USD 165.3 Billion |
| Growth Rate: | CAGR of 11.30% from 2022 to 2030 |
| Forecast Period: | 2022 -2030 |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Market Segmentation
The global online gambling market can be segregated on the basis of device type, end-user, game type, and regions.
Segment Overview:
By Type:
- Online bingo
- Betting
- Lottery
- Casino
- Poker
By End-User:
- Dabblers
- Gambling enthusiasts
- Social exuberant
By Region:
- North America
- Asia pacific
- Europe
- Middle East
- Africa
- Latin America
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Regional Overview
North America, Europe, Asia Pacific and the rest of the world regional market for online gambling are predominantly covered in the global research report. Country-level markets spread across North America – the United States, Canada, and Mexico are also covered in the report. In South America – Brazil and other country-level online gambling markets are covered in the report. In Asia-Pacific (APAC) region, the country-level online gambling markets covered are Japan, India, China, and others. The research report also explores the regional market for online gambling present in Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The online gambling market research report also covers regional markets from the rest of the world alongside online gambling markets of Africa and the Middle East.
Competitive Landscape
Virtual socializing is predicted to boost the online gambling market growth globally. The market could be challenged by high maintenance cost, nevertheless, organizations in the online gambling market will carry the growth rate forward. The research report presents company profiles of major companies active in the market globally. Furthermore, the global report offers an all-inclusive analysis of the market collected from the online gambling market’s primary and secondary sources covering both decision makers and thought leaders. The market research report highlights such key areas assisting businesses operating in the market to build better growth strategies.
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Industry News
American players have turned to underground bookies and sites abroad for decades to bet on major games but this year a record 7.6 million Americans can bet online, according to the U.S. Glittering Association, when the Kansas City Chefs face the Tampa Bay Buccaneers in Super Bowl LV. The coronavirus pandemic is becoming a personal game, as many sportsbooks have been shut down and fewer people are interested in office pools. The NFL game of the year, down 12 percent from the previous year, is scheduled for 23.2 million Americans and the $ 4.3 billion, down 38 percent according to AGA, are projected to be wagered.
Key Players
- VGC Holdings PLC
- William Hill PLC
- Kindred Group PLC
- Paddy Power Betfair PLC
- Sky Betting and Gaming
- Betsson AB
- 888 Holdings PLC
- Ladbrokes Coral Group PLC
- The Stars Group Inc
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
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