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
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.
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.
Online Gambling Market: Key Driver
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.
Online Gambling Market Product Outlook (Revenue, USD bn, 2021-2026)
Lottery - size and forecast 2021-2026
Betting - size and forecast 2021-2026
Casino - size and forecast 2021-2026
Online Gambling Market Device Outlook (Revenue, USD bn, 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.
Online Gambling Market Geography Outlook (Revenue, USD bn, 2021-2026)
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.
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Some of the Major Online Gambling Companies:
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.
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Related Reports
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 PageGAMBLING 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).
Table of Contents
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
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