Online Gambling and Betting Market: Current Analysis and Forecast (2022-2028)

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Emphasis on Gaming Type (Poker, Casino, Bingo, Sports Betting, Lottery, and Others); Device Type (Desktops & Laptops and, Mobiles & Tablets); Gaming Sources (Foreign Gaming Sources and Local Gaming Sources); Region/Country

Pages:

154

Table:

45

Figure:

96

Report ID:

UMTI211572

Geography:

Clear
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Report Description
Table of content
Research Methodology

Report Description

Online Gambling and Betting Market 3
Online Gambling and Betting Market 3

The global Online Gambling and Betting Market is expected to grow at a significant rate of around 11% during the forecast period. Online gambling and betting consist of games such as poker, casino, sports betting, lottery, online football betting, and online cricket betting. These games are played on smartphones, tablets, PCs, and other digital platforms. A growing consumer preference for online live casinos over conventional land-based casinos across various countries that have legalized offline and online gambling is strongly favoring the market growth.

Moreover, factors such as the rising shift of players from offline to online gambling have created lucrative growth prospects for online casino operators. Numerous professional players prefer live casinos as they help them track their moves. The usage of mobile devices to participate in all types of gambling activities is increasing. Furthermore, the increasing ease of government regulations worldwide coupled with increased high-speed internet access, rising ownership of connected devices, and growth of women’s gambling are escalating the market size of Online gambling and betting across the globe.

888 Holdings plc., The Stars Group, Paddy Power Betfair plc, Fortuna Entertainment Group, GVC Holdings Plc, Bet365 Group Ltd, Betfred Ltd, The Betway Group, Kindred Group, and William Hill plc.

Insights Presented in the Report

“Amongst gaming type, sports category to hold significant share during the forecast period”

Based on the gaming type, the online gambling and betting market is classified into poker, casino, bingo, sports betting, lottery, and others. The sports betting segment caters substantial share of the market. The rising popularity of sports betting gambling on games such as football, cricket, and casino, coupled with increased internet penetration and a surge in the adoption of smartphone users have escalated the market size of online gambling and betting market. In addition, the growth of online gambling and betting apps where collaboration between third-party software suppliers and private firms to produce user-friendly UI gaming solutions for users has resulted in a market expansion.

“Amongst device type, mobile & tablets segment to hold a significant share in the market in 2020”

Based on device type, the online gambling and betting market is segmented into desktops & laptops and, mobiles & tablets. The mobile & tablets segment caters considerable share of the market. Factors such as increased access to online gambling and betting through mobile phones coupled with advanced features such as improved graphics and extended storage capacity in a smartphone are making it convenient for gamblers is proliferating the market. In addition, mobile online gambling offers several advantages to gamers, such as loyalty points, additional deposit options, and multiplayer gaming options with players located anywhere throughout the globe.

“Asia Pacific to hold a significant share in the market”

Asia Pacific is anticipated to grow at a significant share of the market during the forecast period. This is mainly attributed to the favorable legal framework in several economies and the penetration of low-cost internet services in the region. In addition, increase in presence of gambling & betting sites with attractive offers. Furthermore, the rising popularity of bitcoins has led to an increase in the use of digital currency for betting in the region.

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  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
  • The report presents a quick review of overall industry performance at one glance.
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
  • The study comprehensively covers the market across different segments.
  • Deep dive regional level analysis of the industry.

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1.1.Market Definitions
1.2.Main Objective
1.3.Stakeholders
1.4.Limitation 

 

2.1.Research Process of the Online Gambling and Betting Market
2.2.Research Methodology of the Online Gambling and Betting Market
2.3.Respondent Profile 

 

3MARKET SYNOPSIS

 

4EXECUTIVE SUMMARY

 

5IMPACT OF COVID-19 ON THE ONLINE GAMBLING AND BETTING MARKET

 

6ONLINE GAMBLING AND BETTING MARKET REVENUE (USD BN), 2020-2028F

 

7.1.Poker 
7.2. Casino 
7.3. Bingo 
7.4. Sports Betting
7.5. Lottery 
7.6. Others 

 

8.1.Desktops & Laptops
8.2.Mobiles & Tablets

 

9.1.Foreign Gaming Sources
9.2.Local Gaming Sources

 

10.1.North America   
 10.1.1.U.S. 
 10.1.2.Canada 
 10.1.3.Rest of North America
10.2.Europe   
 10.2.1.Germany 
 10.2.2.U.K. 
 10.2.3.France 
 10.2.4.Italy 
 10.2.5.Spain 
 10.2.6.Rest of Europe
10.3.Asia-Pacific  
 10.3.1.China 
 10.3.2.Japan 
 10.3.3.India 
 10.3.4.Rest of Asia-Pacific
10.4.Rest of the World  

 

11.1.Market Drivers
11.2.Market Challenges
11.3.Impact Analysis

 

12ONLINE GAMBLING AND BETTING MARKET OPPORTUNITIES

 

13ONLINE GAMBLING AND BETTING MARKET TRENDS

 

14.1.Demand Side Analysis
14.2.Supply Side Analysis

 

15VALUE CHAIN ANALYSIS

 

16.1.Competitive Landscape
 16.1.1.Porters Fiver Forces Analysis

 

17.1.888 Holdings plc.
17.2.The Stars Group
17.3.Paddy Power Betfair plc
17.4.Fortuna Entertainment Group
17.5.GVC Holdings Plc
17.6.Bet365 Group Ltd
17.7.Betfred Ltd
17.8.The Betway Group
17.9.Kindred Group
17.10.William Hill plc

 

18DISCLAIMER

 

Research Methodology

Research Methodology for the Online Gambling and Betting Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global Online Gambling and Betting market were the three major steps undertaken to create and analyze the adoption of Online Gambling and Betting in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Online Gambling and Betting market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Online Gambling and Betting market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Online Gambling and Betting market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as gaming type, device type, and gaming source. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the online gambling and betting market. Further, we conducted factor analysis using dependent and independent variables such as various gaming type, device type, and gaming source. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Online Gambling and Betting market sector across the globe. 

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Online Gambling and Betting market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of revenue (USD) and the adoption rate of the Online Gambling and Betting market across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the global Online Gambling and Betting market in terms of the product offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Online Gambling and Betting Market 2
Online Gambling and Betting Market 2

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Online Gambling and Betting market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of gaming type, device type, and gaming source in the global Online Gambling and Betting market.

The main objective of the Global Online Gambling and Betting Market Study

The current & future market trends of the global online gambling and betting market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of the Online Gambling and Betting market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of type of gaming type, device type, and gaming source.
  • Define and analysis of the regulatory framework for the Online Gambling and Betting
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
  • Analyze the current and forecast market size of the Online Gambling and Betting market for the major region.
  • Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
  • Company profiles of the Online Gambling and Betting market and the growth strategies adopted by the market players to sustain in the fast-growing market
  • Deep dive regional level analysis of the industry

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