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The Online Gambling Market size was estimated at USD 79.80 billion in 2023, USD 88.33 billion in 2024, and is expected to grow at a CAGR of 10.57% to reach USD 161.32 billion by 2030 . Speak directly to the analyst to clarify any post sales queries you may have.
Online gambling encompasses the remote gaming activities offered through the internet, which includes online betting, casino games, poker, lotteries, and other gambling services. The accessibility of internet services globally, the convenience of online platforms, and the widespread use of smartphones and other devices foster the growth of the market and provide diverse ways for consumers to participate in gambling activities. Applications for online gambling extend across various digital platforms, including desktop and mobile devices. Growing innovations in mobile technology and user experience with increased acceptance and cultural changes toward gambling are driving the growth and demand for online gambling. However, regulatory constraints in various jurisdictions, cybersecurity threats, and concerns related to the social impact associated with gambling addiction hamper the growth of the market. Key players are exploring advanced encryption technologies to promote data security and mitigate privacy issues associated with online gambling. Furthermore, the growing use of augmented reality (AR) and virtual reality (VR) to enhance user engagement and AI to personalize gaming experiences can provide new avenues of growth for the online gambling market.
Regional Insights
The online gambling market in the Americas is rapidly growing due to favorable governmental legalization frameworks, a growing potential consumer base, and high internet penetration. The move toward legalizing gambling throughout most of America's economies is gaining momentum. Technological innovations such as AR/VR technologies and integration with AI have driven consumer preference for online gambling. The online gambling market in the APAC region is presenting lucrative growth opportunities. The competitive landscape in the region is quite fragmented and unclear regarding restricted legal access to online gambling websites. Europe represents a strong demand for online gambling due to high smartphone and internet penetration with diverse regulatory frameworks for online gambling platforms. Favorable legislation and legalization have played an essential role in opening more legal spaces for online gambling. The Middle East online gambling market is regulated by Arabic gambling laws that vary by country, and a few countries have legal gambling; however, online gambling is still illegal throughout the Middle East. There are liberalized laws for lottery sales and sports betting in Israel, Lebanon, and Morocco.Game: Growing popularity of casino/poker such as slots, blackjack, and roulette
Bingo is a popular online game that involves matching numbers on a card with the numbers randomly drawn by a game host. The need-based preference for bingo is typically community-driven as players enjoy the social aspect of the game, which online platforms simulate through chat features. Casino/poker encompasses a variety of online card games and casino staples such as slots, blackjack, roulette, and various forms of poker. The need-based preference for such games centers on excitement, the thrill of gambling, and the skill component in poker. Online lotteries have become increasingly prevalent, offering players the comfort of purchasing lottery tickets in the comfort of their homes. The primary need-based preference for online lotteries is the purpose of winning big with a small financial commitment. Social gaming involves playing games that mimic gambling activities without the risk of losing real money. It appeals to individuals seeking entertainment and social interaction without the stress of wagering. Sports betting is for individuals that are enthusiastic about sports and seeking to leverage their knowledge to profit from event outcomes. Moreover, the primary need here is engagement with the sport and spectating.Device: Significant adoption of desktops for online gambling as it provides a stable and enriched gaming experience
Desktops have traditionally been the foundation of online gambling, offering a stable platform for complex graphics and high-quality sound. Users opting for desktop gaming appreciate the larger screen, enhanced visibility, and the ability to use powerful hardware for a more immersive experience. Desktop gambling platforms provide a comprehensive range of services due to the lack of restrictions on processing power and network connectivity. Mobile devices have revolutionized the online gambling industry with the advent of smartphones and tablets. They cater to a user’s need for convenience and accessibility. The major factor driving preference for mobile gambling is the ability to play anywhere and anytime, appealing to the younger demographic and busy individuals that might not have the time for desktop gaming.Payment Mode: Rising potential of virtual money among risk-averse audience
The real money sector involves transactions where players bet with actual currency. This segment attracts users looking for tangible rewards and the thrill that comes with real money wagering. The virtual money sector involves betting with in-game currency or tokens, which cannot be exchanged for real currency. This form of gambling occurs in social casinos and mobile gaming apps.Market Dynamics
The market dynamics represent an ever-changing landscape of the Online Gambling Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.Market Disruption Analysis
The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Online Gambling Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Online Gambling Market.Porter’s Five Forces Analysis
The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Online Gambling Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.Value Chain & Critical Path Analysis
The value chain of the Online Gambling Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.Pricing Analysis
The pricing analysis comprehensively evaluates how a product or service is priced within the Online Gambling Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Online Gambling Market.Technology Analysis
The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Online Gambling Market.Patent Analysis
The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Online Gambling Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.Trade Analysis
The trade analysis of the Online Gambling Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.Regulatory Framework Analysis
The regulatory framework analysis for the Online Gambling Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.FPNV Positioning Matrix
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Online Gambling Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Online Gambling Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Recent Developments
Sega Sammy to acquire GAN for USD 107.6 million
Sega Sammy Holdings acquired GAN for approximately USD 107.6 million to bolster its online gambling presence, especially within the burgeoning U.S. gaming market. This acquisition enhances the distribution of Sega Sammy's gaming content within the competitive North American market, combining GAN's leading online technologies with Sega Sammy's content development strength.BetMGM and Inspired Entertainment Launch MGM Bonus City, Revolutionary Hybrid Dealer Game
BetMGM, a frontrunner in online gaming and sports betting, partnered with gaming innovator Inspired Entertainment to launch an exclusive and pioneering Hybrid Dealer game, MGM Bonus City, live in New Jersey and is slated for release in Pennsylvania and Michigan. Leveraging Inspired Entertainment's advanced technology, MGM Bonus City offers a hybrid experience by merging computer-generated imagery (CGI) and greenscreen advancements with live dealer footage, delivering an immersive gaming environment akin to Las Vegas.Light & Wonder Launches Authentic Gaming Live Dealer Games in U.S.
In a strategic move to expand its footprint in the U.S. online gambling landscape, Light & Wonder successfully extended the availability of Authentic Gaming’s sought-after live dealer games into Michigan through a notable partnership with Rush Street Interactive. As an initial step in a planned series of content releases, Light & Wonder emphasized its commitment to delivering a bespoke and superior gaming experience.Strategy Analysis & Recommendation
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Online Gambling Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.Key Company Profiles
The report delves into recent significant developments in the Online Gambling Market, highlighting leading vendors and their innovative profiles. These include 1xBet, 888 Holdings PLC, Action Network, Inc. by Better Collective A/S, beBettor Limited, Bet365 Group Ltd., Betsson AB, Blaze by Prolific Trade N.V., Bovada, Caesars Entertainment, Inc., Dafabet, Entain PLC, Evolution Gaming Group, Flutter Entertainment PLC, Fortuna Entertainment Group A.S., Gamesys Group PLC by Bally's Corporation, Genius Sports Group, Huddle Gaming Inc., Huuuge, Inc., Jackpocket, Inc., Kindred Group PLC, Light & Wonder, Inc., MGM Resorts International, Playstar Gaming Group, Practice Ignition Group, Rush Street Interactive, Inc., SGHC Limited, SportPesa, The Hong Kong Jockey Club, and Zodiac Casino by Casino Rewards.Market Segmentation & Coverage
This research report categorizes the Online Gambling Market to forecast the revenues and analyze trends in each of the following sub-markets:- Game
- Bingo
- Casino/Poker
- Lottery
- Social Gaming
- Sports Betting
- Device
- Desktop
- Mobile
- Payment Mode
- Real Money
- Virtual Money
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
This research report offers invaluable insights into various crucial aspects of the Online Gambling Market:
- Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
- Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
- Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
- Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
- Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
- What is the current market size and projected growth?
- Which products, segments, applications, and regions offer promising investment opportunities?
- What are the prevailing technology trends and regulatory frameworks?
- What is the market share and positioning of the leading vendors?
- What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
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Table of Contents
1. Preface
2. Research Methodology
5. Market Insights
6. Online Gambling Market, by Game
7. Online Gambling Market, by Device
8. Online Gambling Market, by Payment Mode
9. Americas Online Gambling Market
10. Asia-Pacific Online Gambling Market
11. Europe, Middle East & Africa Online Gambling Market
12. Competitive Landscape
13. Competitive Portfolio
List of Figures
List of Tables
Companies Mentioned
- 1xBet
- 888 Holdings PLC
- Action Network, Inc. by Better Collective A/S
- beBettor Limited
- Bet365 Group Ltd.
- Betsson AB
- Blaze by Prolific Trade N.V.
- Bovada
- Caesars Entertainment, Inc.
- Dafabet
- Entain PLC
- Evolution Gaming Group
- Flutter Entertainment PLC
- Fortuna Entertainment Group A.S.
- Gamesys Group PLC by Bally's Corporation
- Genius Sports Group
- Huddle Gaming Inc.
- Huuuge, Inc.
- Jackpocket, Inc.
- Kindred Group PLC
- Light & Wonder, Inc.
- MGM Resorts International
- Playstar Gaming Group
- Practice Ignition Group
- Rush Street Interactive, Inc.
- SGHC Limited
- SportPesa
- The Hong Kong Jockey Club
- Zodiac Casino by Casino Rewards
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 194 |
| Published | May 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 88.33 Billion |
| Forecasted Market Value ( USD | $ 161.32 Billion |
| Compound Annual Growth Rate | 10.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 29 |
