Online Gambling Market Trends 2020 | Industry Demand, Companies Share & Growth Forecast to 2025

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According to the recent research report by IMARC Group, titled “Online Gambling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, global online gambling market grew at a CAGR of around 12% during 2014-2019. Looking forward, IMARC Group expects the global market has huge potential for growth during 2020-2025.

Online gambling, or virtual gambling, is an internet-based casino or sports-based betting activity. Unlike in-person gambling, it does not involve physical interaction between players, and the sessions are moderated by computer programs. Players can play various virtual games, such as sports betting, poker, blackjack, roulette, and slot machines. The gambling software application can be downloaded on a smart device, or the game can be played through a website. Online gambling platforms offer several benefits, such as cashless transactions, accessibility through any electronic device, personalized budget, and real-time gambling experience.

Online Gambling Market Drivers:

High internet connectivity, along with the rising penetration of smart devices, is driving the growth of the global online gambling market. The legalization and cultural approval of online betting in several developed countries are also augmenting the demand for online gambling. Several online sports businesses are establishing high-profile sponsorships with various football and racing clubs, to attract a large consumer base. Moreover, various technological upgradations have led to the advent of virtual reality (VR) and blockchain tools. These tools help in maintaining the transparency of gambling activities to provide an engaging experience to the player. Additionally, rising consumer living standards and the inception of bitcoin gambling are further expected to drive the online gambling market.

Get a PDF sample of this research report: https://www.imarcgroup.com/online-gambling-market/requestsample

Online Gambling Market 2020-2025 Competitive Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the global online gambling industry has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Flutter Entertainment Plc
  • GVC Holdings Plc
  • LeoVegas AB
  • 888 Holdings PLC
  • Kindred Group Plc
  • MGM Resorts International
  • Bet365 Group Ltd.
  • Galaxy Entertainment Group
  • Betsson AB
  • Intralot
  • Cherry Spelglädje AB

The report has segmented the global online gambling market on the basis of game type, device and region.

Breakup by Device:

  • Desktop
  • Mobile
  • Others

Breakup by Game Type:                          

  • Sports Betting
    • Football
    • Horse Racing
    • E-Sports
    • Others
  • Casino
    • Live Casino
    • Baccarat
    • Blackjack
    • Poker
    • Slots
    • Others
  • Others

Breakup by Region:                         

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

Do you have any query or specific requirement? Ask to our industry expert @ https://bit.ly/3fKKBQs

Key highlights of the report:

  • Market Performance (2014-2019)
  • Market Outlook (2020- 2025)
  • Market Drivers and Success Factors
  • Industry Analysis
  • The Impact of COVID-19 on the Online Gambling Market
  • Value Chain Analysis
  • Structure of the Global Market
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Browse Related Report:

https://www.imarcgroup.com/digital-payment-market

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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