According to IMARC Group's latest report, titled “Online Gambling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global online gambling market size reached US$ 79.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 133.9 Billion by 2028, exhibiting a growth rate (CAGR) of 8.5% during 2023-2028.

Online gambling, also called virtual gambling, represents betting activities on casino or sports-based games over the internet. Players can virtually play several games, such as blackjack, poker, roulette, sports betting, slot machines, etc. They can download gambling software on their personal computers or can play via a website. In line with this, online gambling does not involve physical interaction of users and all the sessions are moderated by computer programs as compared to in-person gambling. It offers numerous benefits, such as accessibility through any electronic device, cashless transactions, a customizable budget, a real-time gambling experience, etc. The gambling process involves placing a wager on a game with the assistance of a bookie or gambling enterprise.

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Market Trends and Drivers:

The growing penetration of the internet and the rising expenditure capacities of consumers are primarily driving the online gambling market. Additionally, the legalization and cultural approval of online betting in several developed countries and the increasing sales of smartphones are further catalyzing the market growth. Besides this, the inflating popularity of online gambling platforms that are expanding their presence by engaging in celebrity endorsements and corporate sponsorships is acting as another significant growth-inducing factor. Moreover, online sports companies are also attaining high-profile sponsorships with various racing and football clubs, which help in attracting new users. Apart from this, continuous technological advancements, such as the introduction of Virtual Reality (VR) and blockchain tools, are positively influencing the global market. Furthermore, they assist in maintaining transparency and provide an immersive experience to the player, which is anticipated to fuel the online gambling market over the forecasted period.

Online Gambling Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

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

Some of these key players include:

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

Key Market Segmentation:

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

Breakup by Game Type:                          

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

Breakup by Device:

  • Desktop
  • Mobile
  • Others

Breakup by Region:                         

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

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Key Highlights of the Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • 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.

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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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