The online gambling market was valued at USD 41.92 Bn in 2018. Due to advancement in technology which has helped the market to expand massively. Furthermore, growing adoption of mobile devices like smartphones, tablets and an easy access to online platform are predicted to drive the market across the globe.
.png "Global Online Gambling Value, 2015 - 2025 (USD Billion)")
Furthermore, much of the gambling industry has relied on third party software suppliers for core betting and gaming technology. Increasing the small number of companies that can afford to do so such as William Hill. The company is controlling almost all the technology by themselves, which enabled the company to offer differentiated products to their customers.
Moreover, the online gambling industry is anticipated to grow at a faster pace due to favorable government regulatory environment. Furthermore, growing disposable income of consumers and rising adoption of 4G and 5G technology has enabled to increase the revenues of e-commerce industry, focusing majorly on online gambling market revenue worldwide. However, certain regions like India and China are likely to record slow growth due to stringent government regulations.
Online Gambling Market Scope
| Metrics | Details |
| Base Year | 2019 |
| Historic Data | 2017-2018 |
| Forecast Period | 2020-2025 |
| Study Period | 2015-2025 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2025 | USD 80.65 billion |
| Growth Rate | CAGR of 10.2%during 2021-2028 |
| Segment Covered | Type, Device, Regions |
| Regions Covered | North America, Europe, Asia Pacific, Middle East & Africa, South America |
| Key Players Profiled | Williamhill, Bet365, PP+B, Betsson, Ladbrokes, Amaya, GVC Holdings, 888 holdings, Skybetting & gamimg and Unibet(Kindred Group) |
Key Segments of the Global Online Gambling Market
Type Overview, 2015-2025 (USD Million)
- Sports Betting
- Casinos
- Poker
- Bingo
- Others
Device Overview, 2015-2025 (USD Million)
- Mobile
- Desktop
Regional Overview, 2015-2025 (USD Million)
- North America
- U.S.
- Canada
- Europe
- France
- UK
- Germany
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- India
- Japan
- China
- Australia
- Rest of APAC
- Central & South America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- UAE
- Saudi Arabia
- Turkey
- South Africa
- Rest of MEA
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global online gambling market.
- Growing disposable income of consumers and rising adoption of 4G and 5G technology has enabled to increase the revenues of e-commerce industry, focusing majorly on online gambling market revenue worldwide
- The mobile revolution in casino and sport has offered new platforms for betting players driving a new technological shift which brought huge change in the gambling industry
What does the report include?
- The study on the global online gambling market includes qualitative factors such as drivers, restraints, and opportunities
- Additionally, the market has been evaluated using the Porters 5 Forces and Value Chain Analysis.
- The study covers qualitative and quantitative analysis of the market segmented on the basis of type, distribution channel, and region. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
- The study includes the profiles of key players in the market with a significant global and/or regional presence.
Who should buy this report?
This study is suitable for industry participants and stakeholders in the online gambling market. The report will benefit:
- All the players across the value chain including industries such as smartphones make, IoT providers, Sports.
- Managers within financial institutions looking to publish recent and forecasted statistics pertaining to the online gambling market.
- Government organizations, regulatory authorities, policymakers and financial organizations looking for innovative online gambling solutions.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
The online gambling industry is anticipated to grow at a faster pace due to favorable government regulatory environment. Furthermore, growing disposable income of consumers and rising adoption of 4G and 5G technology has enabled to increase the revenues of e-commerce industry, focusing majorly on online gambling market revenue worldwide. However, certain regions like India and China are likely to record slow growth due to stringent government regulations.
The mobile revolution in casino and sports has offered new platforms for betting players driving a new technological shift which brought huge change in the gambling industry.
For instance, in the recent years, there has been a noticeable growth in new gaming experiences which is conveyed by live casino and live sports environments. Moreover, for gamblers and players alike, the opportunity to have an immediate access to their favorite game and attain instant satisfaction from betting session changed the way software providers approach towards iGaming entertainment.
Furthermore, the gaming industry and software operators have started delivering better and advanced version of casino games such as poker, table & card games, mobile slots etc. They keep updating and improving their apps and software so that players can obtain maximum amount of satisfaction and entertainment.
Type Segment
Sports betting dominated the online gambling industry in 2018. Due to the major digital revolution in sports industry. Rapid penetration of internet has created a robust digital platform worldwide, which has helped the consumers to have an easy access to any online sports betting platforms. Furthermore, consumers can easily connect with the sports books and engage in sports betting due to the growing digital revolution. Digitalization has enabled the punters to book bets from any remote area of the world. Henceforth, internet gambling is facing high popularity among the millennials and is progressively becoming the fastest growing sector of the e-commerce industry.
Device Segment
Mobile device dominated the online gambling industry in 2018. Owing to the rapid penetration of internet and mobile phones worldwide, which has helped the consumers to have an easy access to any online betting platforms. Furthermore, consumers can easily connect and engage in betting due to the growing mobile phone penetrations.
In 2018, Europe dominated the online gambling industry. This is due to the fact that the region considerate of large number of countries like, Germany, Italy, UK and France where online gambling is legal. Furthermore, Countries such as Germany and U.K. both have well developed internet infrastructure and technological advancement. In addition, these countries have witnessed surged in the usage of laptop, computer, tablets and smartphones for playing online gambling games, whose platform is provided by companies such as Bet365 Group LTD and Betsson AB.
.png "Global Online Gambling Market, 2018 (USD Million)")
The competitive landscape of the global online gambling industry market is highly fragmented. Key players are focusing more towards inorganic marketing to sustain in the competitive environment and strategically thrives the business expansion. For example, in October 2016, Ladbrokes and Coral merged together and sell of 359 betting shops to sustain in the online betting competition market.
The global online gambling market includes various global and regional players such as Williamhill, Bet365, PP+B, Betsson, Ladbrokes, Amaya, GVC Holdings, 888 holdings, Skybetting & gamimg and Unibet (Kindred Group).