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Online Gambling Market Value is Set to Grow by USD 142.38 Billion from 2021 to 2026, Growing Demand for Mobile Gambling to Boost Growth
Wednesday, August 17, 2022

NEW YORK, Aug. 9, 2022 /PRNewswire/ -- The Y-O-Y Growth rate of 2022 for the ONLINE GAMBLING MARKET is estimated at 11.82%. 37% of the market's growth will originate from APAC during the forecast period. The online gambling industry has grown exponentially since the inception of the first online casino. It has evolved from an early adopter to a multi-billion-dollar market globally due to the introduction of new technologies, such as VR, and the penetration of the internet, providing a wide range of access to online gambling activities to consumers. Additionally, the advent of mobiles and the demand for mobile gaming are expanding the market reach and have generated new revenue streams for vendors. Also, various governments have eased their regulations on gambling, which has created new opportunities for vendors. Furthermore, advancements in technology have been one of the main drivers in the online gambling sector, including Internet accessibility, increasing availability of mobile devices, and live gaming. Advanced technology, such as the use of chatbots, machine learning, and artificial intelligence, are all improving the online gambling service and experience.

Browse summary of the 149 page ONLINE GAMBLING MARKET report for competitive benchmarking insights


      
            
              Online Gambling Market Scope



     Report Coverage                                  
     Details



     Page number                                                                                                                                                          120



     Base year                                                                                                                                                           2021



     Forecast period                                  
     2022-2026



     Growth momentum & CAGR                                                                                                                    Decelerate at a CAGR of 11.05%



     Market growth 2022-2026                                                                                                                        
            $ 142.38 billion



     Market structure                                 
     Fragmented



     YoY growth (%)                                                                                                                                                    11.82



     Regional analysis                                
     North America, APAC, Europe, South America, and Middle East and Africa



     Performing market contribution                                                                                                                               APAC at 37%



     Key consumer countries                           
     US, Canada, China, UK, and Germany



     Competitive landscape                            
     Leading companies, competitive strategies, consumer engagement scope



     Companies profiled                                 888 Holdings Plc, Bet365 Group Ltd., BetOnline, Betsson AB, Camelot UK Lotteries Ltd., Entain Plc, Flutter
                                                          Entertainment Plc, Fortuna Entertainment Group a.s., Galaxy Entertainment Group Ltd., INTRALOT SA, Kindred Group
                                                          Plc, LeoVegas AB, MGM Resorts International, New York State Gaming Commission, Scientific Games Corp., Sportech Plc,
                                                          The Betway Group, The Stars Group Inc., William Hill Plc, and Winamax



     Market Dynamics                                    Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID
                                                          19 impact and future consumer dynamics, and market condition analysis for the forecast period.



     Customization preview                              If our report has not included the data that you are looking for, you can reach out to our analysts and get segments
                                                          customized.

Browse for Technavio "CONSUMER DISCRETIONARY MARKET" Research Reports

The outbreak of COVID-19 had a strong influence on the online gambling market in North America. Due to the outbreak in 2020, traditional casinos and gambling places such as taverns, breweries, horse racing, bingo halls, and lottery stores were closed, to prevent the spread of the virus. As a result, the vendors were compelled to conduct businesses through online platforms. Therefore, the online gambling market in this region experienced a rise in growth due to the adoption of online platforms during this period.

    --  One of the key factors driving growth in the online gambling market is
        the increasing penetration of smartphones. Smartphone penetration is
        increasing because of the declining average selling price (ASP) of
        smartphones and the developments in communication network
        infrastructure.
    --  Smartphones provide a convenient and intuitive interface for playing
        casino games and e-sports. Smartphone users engage extensively with
        their mobile devices on an intermittent basis, for short to long periods
        of time.
    --  This can be substantiated from the fact that the number of hours spent
        by smartphone users globally increased from approximately 2 hours to 3
        hours and 30 mins during 2014-2018. Thus, users are rapidly shifting
        from desktop to mobile devices for playing casino games.

For more insights on the latest drivers, trends, and challenges that will help companies evaluate and develop growth strategies. REQUEST FREE SAMPLE REPORT (INCLUDING GRAPHS & TABLES) OF THIS MARKET

    --  Lottery - size and forecast 2021-2026
    --  Betting - size and forecast 2021-2026
    --  Casino - size and forecast 2021-2026

    --  Desktop - size and forecast 2021-2026
    --  Mobile - size and forecast 2021-2026

The online gambling market share growth by the desktop segment will be significant during the forecast period. The desktop segment in the global online gambling market is likely to experience stagnant growth during the forecast period. Desktops have become traditional devices and are largely being replaced by mobile devices. However, online gambling on desktops still holds the largest share of the market. One of the key reasons is that desktop devices offer a better experience as they have bigger display screens compared with mobile devices.

    --  North America - size and forecast 2021-2026
    --  APAC - size and forecast 2021-2026
    --  Europe - size and forecast 2021-2026
    --  South America - size and forecast 2021-2026
    --  Middle East and Africa - size and forecast 2021-2026

37% of the market's growth will originate from APAC during the forecast period. China is the key market for online gambling in APAC. Market growth in this region will be faster than the growth of the market in other regions. The rise in the number of mobile application platforms will facilitate the online gambling market growth in APAC over the forecast period.

DOWNLOAD FREE SAMPLE COPY OF THIS REPORT using business Email ID to gain further insights on the market contribution & shares of various segments & regions on higher priority

    --  888 Holdings Plc
    --  Bet365 Group Ltd.
    --  BetOnline
    --  Betsson AB
    --  Camelot UK Lotteries Ltd.
    --  Entain Plc
    --  Flutter Entertainment Plc
    --  Fortuna Entertainment Group a.s.
    --  Galaxy Entertainment Group Ltd.
    --  INTRALOT SA
    --  Kindred Group Plc
    --  LeoVegas AB
    --  MGM Resorts International
    --  New York State Gaming Commission
    --  Scientific Games Corp.
    --  Sportech Plc
    --  The Betway Group
    --  The Stars Group Inc.
    --  William Hill Plc
    --  Winamax

The online gambling market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.

For detailed information on the production, sustainability, and prospects of the 20+ leading companies available with Technavio. READ FREE SAMPLE REPORT OF THIS MARKET

Browse Summary of the 120 Page ONLINE GAMBLING MARKET IN US Report Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026: The market value is set to grow by USD 2.22 billion from 2021 to 2026, as per the latest report by Technavio. The online gambling market share growth in US by the mobile segment will be significant during the forecast period.

Browse Summary of the 115 Page GAMBLING MARKET IN UK Report Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026: The market value is set to grow by USD 2.83 billion from 2021 to 2026, as per the latest report by Technavio. Furthermore, this report extensively covers the gambling market in UK segmentation by platform (offline and online) and type (betting, lottery, and casino).

1 Executive Summary

    --  1.1 Market overview
        --  Exhibit 01: Executive Summary - Chart on Market Overview
        --  Exhibit 02: Executive Summary - Data Table on Market Overview
        --  Exhibit 03: Executive Summary - Chart on Global Market
            Characteristics
        --  Exhibit 04: Executive Summary - Chart on Market by Geography
        --  Exhibit 05: Executive Summary - Chart on Market Segmentation by
            Device
        --  Exhibit 06: Executive Summary - Chart on Market Segmentation by
            Product
        --  Exhibit 07: Executive Summary - Chart on Incremental Growth
        --  Exhibit 08: Executive Summary - Data Table on Incremental Growth
        --  Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

    --  2.1 Market ecosystem
        --  Exhibit 10: Parent market
        --  Exhibit 11: Market Characteristics

3 Market Sizing

    --  3.1 Market definition
        --  Exhibit 12: Offerings of vendors included in the market definition
    --  3.2 Market segment analysis
        --  Exhibit 13: Market segments
    --  3.3 Market size 2021
    --  3.4 Market outlook: Forecast for 2021-2026
        --  Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($
            billion)
        --  Exhibit 15: Data Table on Global - Market size and forecast
            2021-2026 ($ billion)
        --  Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026
            (%)
        --  Exhibit 17: Data Table on Global Market: Year-over-year growth
            2021-2026 (%)

4 Five Forces Analysis

    --  4.1 Five forces summary
        --  Exhibit 18: Five forces analysis - Comparison between2021 and 2026
    --  4.2 Bargaining power of buyers
        --  Exhibit 19: Chart on Bargaining power of buyers - Impact of key
            factors 2021 and 2026
    --  4.3 Bargaining power of suppliers
        --  Exhibit 20: Bargaining power of suppliers - Impact of key factors in
            2021 and 2026
    --  4.4 Threat of new entrants
        --  Exhibit 21: Threat of new entrants - Impact of key factors in 2021
            and 2026
    --  4.5 Threat of substitutes
        --  Exhibit 22: Threat of substitutes - Impact of key factors in 2021
            and 2026
    --  4.6 Threat of rivalry
        --  Exhibit 23: Threat of rivalry - Impact of key factors in 2021 and
            2026
    --  4.7 Market condition
        --  Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Device

    --  5.1 Market segments
        --  Exhibit 25: Chart on Device - Market share 2021-2026 (%)
        --  Exhibit 26: Data Table on Device - Market share 2021-2026 (%)
    --  5.2 Comparison by Device
        --  Exhibit 27: Chart on Comparison by Device
        --  Exhibit 28: Data Table on Comparison by Device
    --  5.3 Desktop - Market size and forecast 2021-2026
        --  Exhibit 29: Chart on Desktop - Market size and forecast 2021-2026 ($
            billion)
        --  Exhibit 30: Data Table on Desktop - Market size and forecast
            2021-2026 ($ billion)
        --  Exhibit 31: Chart on Desktop - Year-over-year growth 2021-2026 (%)
        --  Exhibit 32: Data Table on Desktop - Year-over-year growth 2021-2026
            (%)
    --  5.4 Mobile - Market size and forecast 2021-2026
        --  Exhibit 33: Chart on Mobile - Market size and forecast 2021-2026 ($
            billion)
        --  Exhibit 34: Data Table on Mobile - Market size and forecast
            2021-2026 ($ billion)
        --  Exhibit 35: Chart on Mobile - Year-over-year growth 2021-2026 (%)
        --  Exhibit 36: Data Table on Mobile - Year-over-year growth 2021-2026
            (%)
    --  5.5 Market opportunity by Device
        --  Exhibit 37: Market opportunity by Device ($ billion)

6 Market Segmentation by Product

    --  6.1 Market segments
        --  Exhibit 38: Chart on Product - Market share 2021-2026 (%)
        --  Exhibit 39: Data Table on Product - Market share 2021-2026 (%)
    --  6.2 Comparison by Product
        --  Exhibit 40: Chart on Comparison by Product
        --  Exhibit 41: Data Table on Comparison by Product
    --  6.3 Lottery - Market size and forecast 2021-2026
        --  Exhibit 42: Chart on Lottery - Market size and forecast 2021-2026 ($
            billion)
        --  Exhibit 43: Data Table on Lottery - Market size and forecast
            2021-2026 ($ billion)
        --  Exhibit 44: Chart on Lottery - Year-over-year growth 2021-2026 (%)
        --  Exhibit 45: Data Table on Lottery - Year-over-year growth 2021-2026
            (%)
    --  6.4 Betting - Market size and forecast 2021-2026
        --  Exhibit 46: Chart on Betting - Market size and forecast 2021-2026 ($
            billion)
        --  Exhibit 47: Data Table on Betting - Market size and forecast
            2021-2026 ($ billion)
        --  Exhibit 48: Chart on Betting - Year-over-year growth 2021-2026 (%)
        --  Exhibit 49: Data Table on Betting - Year-over-year growth 2021-2026
            (%)
    --  6.5 Casino - Market size and forecast 2021-2026
        --  Exhibit 50: Chart on Casino - Market size and forecast 2021-2026 ($
            billion)
        --  Exhibit 51: Data Table on Casino - Market size and forecast
            2021-2026 ($ billion)
        --  Exhibit 52: Chart on Casino - Year-over-year growth 2021-2026 (%)
        --  Exhibit 53: Data Table on Casino - Year-over-year growth 2021-2026
            (%)
    --  6.6 Market opportunity by Product
        --  Exhibit 54: Market opportunity by Product ($ billion)

7 Customer Landscape

    --  7.1 Customer landscape overview
        --  Exhibit 55: Analysis of price sensitivity, lifecycle, customer
            purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

    --  8.1 Geographic segmentation
        --  Exhibit 56: Chart on Market share by geography 2021-2026 (%)
        --  Exhibit 57: Data Table on Market share by geography 2021-2026 (%)
    --  8.2 Geographic comparison
        --  Exhibit 58: Chart on Geographic comparison
        --  Exhibit 59: Data Table on Geographic comparison
    --  8.3 North America - Market size and forecast 2021-2026
        --  Exhibit 60: Chart on North America - Market size and forecast
            2021-2026 ($ billion)
        --  Exhibit 61: Data Table on North America - Market size and forecast
            2021-2026 ($ billion)
        --  Exhibit 62: Chart on North America - Year-over-year growth 2021-2026
            (%)
        --  Exhibit 63: Data Table on North America - Year-over-year growth
            2021-2026 (%)
    --  8.4 APAC - Market size and forecast 2021-2026
        --  Exhibit 64: Chart on APAC - Market size and forecast 2021-2026 ($
            billion)
        --  Exhibit 65: Data Table on APAC - Market size and forecast 2021-2026
            ($ billion)
        --  Exhibit 66: Chart on APAC - Year-over-year growth 2021-2026 (%)
        --  Exhibit 67: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    --  8.5 Europe - Market size and forecast 2021-2026
        --  Exhibit 68: Chart on Europe - Market size and forecast 2021-2026 ($
            billion)
        --  Exhibit 69: Data Table on Europe - Market size and forecast
            2021-2026 ($ billion)
        --  Exhibit 70: Chart on Europe - Year-over-year growth 2021-2026 (%)
        --  Exhibit 71: Data Table on Europe - Year-over-year growth 2021-2026
            (%)
    --  8.6 South America - Market size and forecast 2021-2026
        --  Exhibit 72: Chart on South America - Market size and forecast
            2021-2026 ($ billion)
        --  Exhibit 73: Data Table on South America - Market size and forecast
            2021-2026 ($ billion)
        --  Exhibit 74: Chart on South America - Year-over-year growth 2021-2026
            (%)
        --  Exhibit 75: Data Table on South America - Year-over-year growth
            2021-2026 (%)
    --  8.7 Middle East and Africa - Market size and forecast 2021-2026
        --  Exhibit 76: Chart on Middle East and Africa - Market size and
            forecast 2021-2026 ($ billion)
        --  Exhibit 77: Data Table on Middle East and Africa - Market size and
            forecast 2021-2026 ($ billion)
        --  Exhibit 78: Chart on Middle East and Africa - Year-over-year growth
            2021-2026 (%)
        --  Exhibit 79: Data Table on Middle East and Africa - Year-over-year
            growth 2021-2026 (%)
    --  8.8 US - Market size and forecast 2021-2026
        --  Exhibit 80: Chart on US - Market size and forecast 2021-2026 ($
            billion)
        --  Exhibit 81: Data Table on US - Market size and forecast 2021-2026 ($
            billion)
        --  Exhibit 82: Chart on US - Year-over-year growth 2021-2026 (%)
        --  Exhibit 83: Data Table on US - Year-over-year growth 2021-2026 (%)
    --  8.9 China - Market size and forecast 2021-2026
        --  Exhibit 84: Chart on China - Market size and forecast 2021-2026 ($
            billion)
        --  Exhibit 85: Data Table on China - Market size and forecast 2021-2026
            ($ billion)
        --  Exhibit 86: Chart on China - Year-over-year growth 2021-2026 (%)
        --  Exhibit 87: Data Table on China - Year-over-year growth 2021-2026
            (%)
    --  8.10 UK - Market size and forecast 2021-2026
        --  Exhibit 88: Chart on UK - Market size and forecast 2021-2026 ($
            billion)
        --  Exhibit 89: Data Table on UK - Market size and forecast 2021-2026 ($
            billion)
        --  Exhibit 90: Chart on UK - Year-over-year growth 2021-2026 (%)
        --  Exhibit 91: Data Table on UK - Year-over-year growth 2021-2026 (%)
    --  8.11 Germany - Market size and forecast 2021-2026
        --  Exhibit 92: Chart on Germany - Market size and forecast 2021-2026 ($
            billion)
        --  Exhibit 93: Data Table on Germany - Market size and forecast
            2021-2026 ($ billion)
        --  Exhibit 94: Chart on Germany - Year-over-year growth 2021-2026 (%)
        --  Exhibit 95: Data Table on Germany - Year-over-year growth 2021-2026
            (%)
    --  8.12 Canada - Market size and forecast 2021-2026
        --  Exhibit 96: Chart on Canada - Market size and forecast 2021-2026 ($
            billion)
        --  Exhibit 97: Data Table on Canada - Market size and forecast
            2021-2026 ($ billion)
        --  Exhibit 98: Chart on Canada - Year-over-year growth 2021-2026 (%)
        --  Exhibit 99: Data Table on Canada - Year-over-year growth 2021-2026
            (%)
    --  8.13 Market opportunity by geography
        --  Exhibit 100: Market opportunity by geography ($ billion)

9 Drivers, Challenges, and Trends

    --  9.1 Market drivers
    --  9.2 Market challenges
    --  9.3 Impact of drivers and challenges
        --  Exhibit 101: Impact of drivers and challenges in 2021 and 2026
    --  9.4 Market trends

10 Vendor Landscape

    --  10.1 Overview
    --  10.2 Vendor landscape
        --  Exhibit 102: Overview on Criticality of inputs and Factors of
            differentiation
    --  10.3 Landscape disruption
        --  Exhibit 103: Overview on factors of disruption
    --  10.4 Industry risks
        --  Exhibit 104: Impact of key risks on business

11 Vendor Analysis

    --  11.1 Vendors covered
        --  Exhibit 105: Vendors covered
    --  11.2 Market positioning of vendors
        --  Exhibit 106: Matrix on vendor position and classification
    --  11.3 888 Holdings Plc
        --  Exhibit 107: 888 Holdings Plc - Overview
        --  Exhibit 108: 888 Holdings Plc - Business segments
        --  Exhibit 109: 888 Holdings Plc - Key offerings
        --  Exhibit 110: 888 Holdings Plc - Segment focus
    --  11.4 Bet365 Group Ltd.
        --  Exhibit 111: Bet365 Group Ltd. - Overview
        --  Exhibit 112: Bet365 Group Ltd. - Product / Service
        --  Exhibit 113: Bet365 Group Ltd. - Key offerings
    --  11.5 Betsson AB
        --  Exhibit 114: Betsson AB - Overview
        --  Exhibit 115: Betsson AB - Product / Service
        --  Exhibit 116: Betsson AB - Key offerings
    --  11.6 Camelot UK Lotteries Ltd.
        --  Exhibit 117: Camelot UK Lotteries Ltd. - Overview
        --  Exhibit 118: Camelot UK Lotteries Ltd. - Product / Service
        --  Exhibit 119: Camelot UK Lotteries Ltd. - Key offerings
    --  11.7 Entain Plc
        --  Exhibit 120: Entain Plc - Overview
        --  Exhibit 121: Entain Plc - Business segments
        --  Exhibit 122: Entain Plc - Key news
        --  Exhibit 123: Entain Plc - Key offerings
        --  Exhibit 124: Entain Plc - Segment focus
    --  11.8 Flutter Entertainment Plc
        --  Exhibit 125: Flutter Entertainment Plc - Overview
        --  Exhibit 126: Flutter Entertainment Plc - Business segments
        --  Exhibit 127: Flutter Entertainment Plc - Key offerings
        --  Exhibit 128: Flutter Entertainment Plc - Segment focus
    --  11.9 Galaxy Entertainment Group Ltd.
        --  Exhibit 129: Galaxy Entertainment Group Ltd. - Overview
        --  Exhibit 130: Galaxy Entertainment Group Ltd. - Business segments
        --  Exhibit 131: Galaxy Entertainment Group Ltd. - Key offerings
        --  Exhibit 132: Galaxy Entertainment Group Ltd. - Segment focus
    --  11.10 INTRALOT SA
        --  Exhibit 133: INTRALOT SA - Overview
        --  Exhibit 134: INTRALOT SA - Business segments
        --  Exhibit 135: INTRALOT SA - Key news
        --  Exhibit 136: INTRALOT SA - Key offerings
        --  Exhibit 137: INTRALOT SA - Segment focus
    --  11.11 MGM Resorts International
        --  Exhibit 138: MGM Resorts International - Overview
        --  Exhibit 139: MGM Resorts International - Business segments
        --  Exhibit 140: MGM Resorts International - Key offerings
        --  Exhibit 141: MGM Resorts International - Segment focus
    --  11.12 William Hill Plc
        --  Exhibit 142: William Hill Plc - Overview
        --  Exhibit 143: William Hill Plc - Business segments
        --  Exhibit 144: William Hill Plc - Key offerings
        --  Exhibit 145: William Hill Plc - Segment focus

12 Appendix

    --  12.1 Scope of the report
    --  12.2 Inclusions and exclusions checklist
        --  Exhibit 146: Inclusions checklist
        --  Exhibit 147: Exclusions checklist
    --  12.3 Currency conversion rates for US$
        --  Exhibit 148: Currency conversion rates for US$
    --  12.4 Research methodology
        --  Exhibit 149: Research methodology
        --  Exhibit 150: Validation techniques employed for market sizing
        --  Exhibit 151: Information sources
    --  12.5 List of abbreviations
        --  Exhibit 152: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio



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