MEA Online Gambling Market Overviews
MEA Online Gambling Market was valued nearly US$ 17.44 Bn. in 2023 and market size is estimated to grow at a CAGR of 8.19% & is expected to reach at US$ 30.25 Bn. by 2030.
The market is majorly driven by rising internet penetration and increasing use of mobile phones by users to play online games from their homes & public places. Factors including simple access to internet gambling, legality & societal acceptance, corporate sponsorships, and celebrity endorsements are also driving market expansion. Market growth is expected to be aided by the increasing availability of low-cost mobile applications around the world.
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MEA Online Gambling Market Scope and Methodology:
Casinos, sports betting, & online gambling are all prohibited in most parts of the Middle East. Despite the fact that Muslims are prohibited from gambling, Middle Eastern gamblers make for a sizable share of worldwide gaming profits. Intriguingly, gambling seems to have a long history in Islamic culture, as ancient civilizations like the Assyrians maintained a thriving gambling sector during their golden period. Big shows & gambling events were put on by bookmakers & auctioneers, which drew large crowds. During this time, the region’s current bookkeeping and bookmaking businesses arose and developed. The ancient Egyptian civilization had a thriving gaming culture. Many Muslim-majority countries have decided to limit casino games to foreigners or non-Muslim guests, requiring players to show their passports at the door. Many people with dual citizenship in the Middle East, on the other hand, enjoy access to casinos. Furthermore, the performance of these casinos is frequently hampered by high tax rates & unrealistic regulatory restrictions. In Egypt, for example, the approximately 14 casinos of Kairo produce gross gaming revenues (GGR) of over US $ 200 Mn a year – of which the casinos must pay a gaming tax of 50% (GGR) on a daily basis.
MEA Online Gambling Market Regional Insights
The qualitative and quantitative data provided in the MEA Online Gambling Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the MEA Online Gambling Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the MEA Online Gambling Market.
MEA Online GamblingMarket Segmentation
Online poker has gotten a lot of attention, especially among college students. Due to the widespread popularity of online card games, the market is likely to grow at a high rate. Many sites accept deposits from major credit cards, online wallets, and even virtual currencies like Bitcoin, which has contributed to online poker’s success over the years. The segment is further fueled by the large number of games available to players.
MEA Online Gambling Market Key Players
William Hill PLC
Bet365 Group Ltd.
Paddy Power Betfair PLC
Betsson AB
Ladbrokes Coral Group PLC
The Stars Group Inc.
888 Holdings PLC
Sky Betting and Gaming
Kindred Group PLC
GVC Holdings PLC
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Key questions answered in the MEA Online Gambling Market are:
- What is MEA Online Gambling ?
- What was the MEA Online Gambling market size in 2023?
- What is the growth rate of the MEA Online Gambling Market?
- Which are the factors expected to drive the MEA Online Gambling market growth?
- What are the different segments of the MEA Online Gambling Market?
- What growth strategies are the players considering to increase their presence in MEA Online Gambling ?
- What are the upcoming industry applications and trends for the MEA Online Gambling Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the MEA Online Gambling Market?
- Who are the leading companies and what are their portfolios in MEA Online Gambling Market?
- What segments are covered in the MEA Online Gambling Market?
- Who are the key players in the MEA Online Gambling market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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