Online Gambling Market size was valued at US$ 69,059.3 Million in 2022, and anticipated to grow at a CAGR of 11.8% over the forecast period.
Internet gambling, sometimes known as virtual gambling, is placing bets on casino or sports-related events via the internet. Online gambling differs from traditional gambling in that there is no player-to-player contact and computer programmes control every session. Virtual players can participate in a variety of games, including slot machines, blackjack, poker, and sports betting. They have the option of playing online or by downloading gambling software to their personal computers. Internet gambling has many advantages, including cashless transactions, device accessibility, budget flexibility, and a real-time gambling experience for the gamers.
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Key Companies Insights
Some of the major companies studied under the market scope are as follows: GVC Holdings PLC., GSN games, Amaya Inc. (Flutter Entertainment plc), Playtech PLC., Fortuna Entertainment Group, 888 Holdings PLC, Playtika Holding Corp., Betclic Group, Scientific Games Corporation, MGM Resorts International, Kindred Group plc, IGT, Aristocrat Leisure, William Hill PLC, Zynga, Bet365 Group Ltd., Betsson AB, LeoVegas AB, SAZKA a.s, Tabcorp among others. The leading players such as Flutter Stars Group, GVC Holdings, Bet365, Scientific Games, Playtech, Aristocrat, International Games Technology, Bet Fred, Kindred Group, and 888 HOLDINGS PLC and Others. Major players operating in the ecosystem experiences intense competition owing to the presence of large number of players on the global scale. Further, players are adopting various strategies such as merger and acquisition, geographic expansion, product launch, research & development for expanding their product portfolio, and others.
For instance, February, 2022 In order to expand its footprint in Canada’s recently liberalized sports wagering sector, Entain Plc is paying approximately $235 million for the acquisition of Deis Ltd., the parent company of Avid Gaming. Entain is purchasing Avid Gaming from Middle Brook Investments Ltd., which specializes in private alternative investments. Avid also owns Sports Interaction, which is one of Canada’s largest online betting brands. With the acquisition of Avid, Entain is acquiring a growth engine that could spur its efforts to boost Canadian market share.
In February, 2022 Kambi Group plc has entered into partnership with NorthStar Gaming Inc., in which Kambi offered Canadian operator with its high-performance online sportsbook. Known to be one of Canada’s most exciting digital wagering brands, NorthStar Gaming’s collaboration with Kambi will provide customers with a high-quality entertainment and betting experience, starting with Ontario’s regulated online gaming and sports betting market this year.
Segments
By Type
- Sports Betting
o Football
o Horse Racing
o E-sports
o Other Sports
- Casino
o Live Casino
o Baccarat
o Blackjack
o Poker
o Slots
o Others Casino Games
- Lottery
- Bingo
By Application
- Desktop
- Mobile
- Tablet
By End-user
- Dabblers
- Gambling Enthusiasts
- Social Exuberant
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry
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