Online gambling and betting includes sports betting or betting on casino games over the internet. Since the emergence of online gambling and betting in early 1990s, gambling sites became among the most frequently visited websites on the internet. This was primarily attributed to the continually rising adoption of internet services, improving internet infrastructure and inclination of people towards easy money. Additionally, over the past few years, emergence of mobile applications (mobile apps) too has contributed to the market development.

Online gambling and betting sector has been developing at an exceptional rate as an entertainment and recreational activity. With easy access to the internet across different regions, many users seek online gambling and betting as a secure and rewarding source of entertainment. This has widened the avenues of online gambling and betting market. Online gambling platforms offers variety of casino games including casino games, cards and dice games, bingo, sports betting and online lotteries. However, government regulations banning online gambling across different major countries is the prime factor limiting the market growth.

The report titled “Global Online Gambling and Betting Market – Growth, Future Prospects and Competitive Analysis, 2023 – 2030” offers strategic insights into the global online gambling and betting market along with the market size and estimates for the duration 2020 to 2030. The said research study covers in-depth analysis of market segments based on type, platform and cross-sectional study across different geographies and sub-geographical regions. The study covers the comparative analysis of different segments for the years 2021 & 2030. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities. In addition, the report includes a section providing insights on the key trends followed in the market.

In order to help strategic decision-makers, the report also includes competitive profiling of the leading online gambling and betting vendors, their business strategy analysis, market positioning and key developments. Some of the major players profiled in the report are 888 Holdings Plc., NetEnt AB, Fortuna Entertainment Group, GVC Holdings Plc., Kindred Plc., Bwin Interactive Entertainment AG, Betsson Group, Ladbrokes Coral Group Plc., Playtech Plc., William Hill Plc., Amaya, Inc. and Paddy Power Betfair Plc. among others. Apart from the company profiles, the report includes a section covering the competitive landscape wherein the market positioning of the companies has been discussed. The section also provides a view of key business strategies adopted by the leading market players. Similarly, the report includes a list of major countries having online gambling and betting legal/illegal. Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the online gambling and betting industry
• Comparative analysis for different segments for the years 2021 & 2030
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis including the positioning of market players and their business strategy analysis
• Trailing 2-Year market size data (2020 – 2021)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global online gambling and betting market, offering market size and estimates for the period from 2023 to 2030, keeping in mind the above-mentioned factors.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Online Gambling And Betting market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Online Gambling And Betting market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Online Gambling And Betting market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Online Gambling And Betting market?
• Which is the largest regional market for Online Gambling And Betting market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Online Gambling And Betting market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Online Gambling And Betting market worldwide?