Le Lézard
Classified in: Covid-19 virus

Global Online Gambling Market Analysis Report 2023-2030: Ease of Access Through Increased Smartphone and Internet Penetration Bodes well for the Sector - ResearchAndMarkets.com

The "Online Gambling Market Size, Share & Trends Analysis Report By Type (Sports Betting, Casinos, Poker, Bingo), By Device (Desktop, Mobile), By Region (North America, Europe, APAC, Latin America, MEA), And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.

The global online gambling market size is predicted to touch USD 153.57 billion by 2030, recording a CAGR of 11.7% from 2023 to 2030.

The emergence of freemium modes of online gaming, following the trend of betting applications and websites, is expected to drive market growth. The freemium model generates revenue via users and integrated advertisements.

The increased smartphone and internet penetration and easy access to casino gaming platforms are positively influencing the market. For instance, according to GSMA, the Asia Pacific region will witness 333 million new mobile internet subscribers by 2025.

Moreover, the availability of cost-effective betting applications is expected to favor market growth over the forecast period. According to data published by the New York state government, over 650,000 unique accounts were created on mobile betting apps in 2021.

Online gambling developers have partnered with online casino software suppliers to cater to the demand for immersive casino games. For instance, in April 2022, Real Luck Group Ltd. partnered with Microgaming to create more than 100 casino games with branded titles.

Moreover, legacy online gambling platforms are entering new markets through partnerships. For instance, in January 2023, PokerMatch entered the Indian market through a partnership with Playtech plc due to the growing number of online players in the region.

The outbreak of the COVID-19 pandemic played a key role in expediting the online gambling demand as people spent most of their time indoors and opted for online games for their leisure. For instance, in May 2021, a study by the University of Bristol showed regular online gamblers were more than six times more likely to gamble online as compared to pre-pandemic levels.

Besides, the adoption of various options for digital payments with safe payment gateways is also stimulating the adoption of online gambling applications. The market growth will be further accelerated by the increased adoption of digital currency and websites provided by betting and gambling companies.

Online Gambling Market Report Highlights

Key Attributes:

Report Attribute Details
No. of Pages 125
Forecast Period 2022 - 2030
Estimated Market Value (USD) in 2022 $63.53 Billion
Forecasted Market Value (USD) by 2030 $153.57 Billion
Compound Annual Growth Rate 11.7%
Regions Covered Global

Online Gambling Industry Outlook

Market Segmentation & Scope

Market Size and Growth Prospects

Online Gambling - Value Chain Analysis

Market driver analysis

Market restraint analysis

Penetration and Growth Prospect Mapping

Online Gambling Market - Porter's Five Forces Analysis

Online Gambling Market - Key Company Market Share Analysis, 2022

Online Gambling Market - PESTEL Analysis

Impact of COVID 19 on the Online Gambling Market

Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/r/9s0jcc

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

These press releases may also interest you

at 14:45
The "Dental Floss Market: Global Market Size, Forecast, Insights, Segmentation, and Competitive Landscape with Impact of COVID-19 & Russia-Ukraine War" report has been added to ResearchAndMarkets.com's offering. The global dental floss market is...

at 14:38
Texas Children's Hospital is pleased to announce that Dr. Maria Elena Bottazzi, Co-Director of the Center for Vaccine Development at Texas Children's Hospital and Senior Associate Dean of the National School of Tropical Medicine at Baylor College of...

at 14:30
The "Financial Advisory Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering. This report provides strategists, marketers and senior management with the critical information they need to assess the market.The global...

at 14:15
The "Lottery Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering. This report provides strategists, marketers and senior management with the critical information they need to assess the market.The global lotteries...

at 14:15
Amarc Resources Ltd. (Amarc or the "Company") is pleased to announce that it has been invited to present at the John Tumazos Very Independent Research Conference hosted virtually on June 6 and 7, 2023.Amarc President & CEO Dr. Diane...

at 14:05
Doximity, Inc. , the leading digital platform for U.S. medical professionals, today announced new physician workflow products and long-term financial targets during its inaugural Investor Day at the New York Stock Exchange. "In the two years since...

News published on and distributed by: