Online Gambling And Betting Market, By Gaming Type (Poker, Casino, Lottery, Bingo, and Sports Betting), By Device (Desktop and Mobile), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Description

The global online gambling and betting market is estimated to be valued at US$ 94.34 Bn in 2024 and is expected to reach US$ 195.12 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 10.9% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 94.34 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	10.90%	2031 Value Projection:	US$ 195.12 Bn

Figure. Online Gambling And Betting Market Share (%), By Region 2024

Online Gambling And Betting Market - IMG1

The online gambling and betting market has witnessed significant growth over the past few years supported by rising internet and smartphone penetration worldwide. Factors such as the convenience of accessing casinos and sports betting platforms from any location and the option to try out new games virtually without any costs have boosted the popularity of this market. Additionally, operators in the market are investing heavily in enhancing their offerings through partnerships, strategic acquisitions, and promotional activities to attract new users. However, stringent regulations in some regions still pose challenges. But with growing digitalization and more countries considering reforms in their gambling laws, the global online gambling and betting market is estimated to experience healthy expansion in the coming years.

Market Dynamics:

The global online gambling and betting market is driven by factors such as the proliferation of smartphones and improving internet connectivity which has made online gambling more accessible. Operators expanding their product portfolio through live gaming options and virtual sports is also fueling the market growth. However, stringent regulations regarding online gambling in major markets such as the U.S. present a challenge. Cybersecurity concerns and restrictive laws in many countries also restrain the market growth. Meanwhile, emerging opportunities lies in new technologies such as Blockchain and crypto that allow for new betting formats. Also, some nations reconsidering gambling laws and opening up to online registrations presents an avenue for expansion.

Key Features of the study:

This report provides in-depth analysis of the global online gambling and betting market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global online gambling and betting market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include 888 Holdings PLC, Bet365 Group Ltd., Betsson AB, Entain, Flutter Entertainment PLC, Kindred Group PLC, Ladbrokes Coral Group PLC, LeoVegas, MGM Resorts International, Paddy Power Betfair PLC, Penn National Gaming, Rush Street Interactive, Sky Betting & Gaming, The Stars Group Inc., and William Hill PLC

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global online gambling and betting market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global online gambling and betting market

Detailed Segmentation:

By Gaming Type
- Poker
- Casino
- Lottery
- Bingo
- Sports Betting
By Device
- Desktop
- Mobile
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players Insights
- 888 Holdings PLC
- Bet365 Group Ltd.
- Betsson AB
- Entain
- Flutter Entertainment PLC
- Kindred Group PLC
- Ladbrokes Coral Group PLC
- LeoVegas
- MGM Resorts International
- Paddy Power Betfair PLC
- Penn National Gaming
- Rush Street Interactive
- Sky Betting & Gaming
- The Stars Group Inc.
- William Hill PLC

Product Code: CMI2511

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Gaming Type
- Market Snippet, By Device
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic

4. Global Online Gambling And Betting Market, By Gaming Type, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Poker
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Casino
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Lottery
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Bingo
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Sports Betting
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

5. Global Online Gambling And Betting Market, By Device, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Desktop
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Mobile
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

6. Global Online Gambling And Betting Market, By Region, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
North America
- Regional Trends
- Market Size and Forecast, By Gaming Type, 2019-2031 (US$ Bn)
- Market Size and Forecast, By Device, 2019-2031 (US$ Bn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - U.S.
  - Canada
Europe
- Regional Trends
- Market Size and Forecast, By Gaming Type, 2019-2031 (US$ Bn)
- Market Size and Forecast, By Device, 2019-2031 (US$ Bn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - U.K.
  - Germany
  - France
  - Russia
  - Rest of Europe
Asia Pacific
- Regional Trends
- Market Size and Forecast, By Gaming Type, 2019-2031 (US$ Bn)
- Market Size and Forecast, By Device, 2019-2031 (US$ Bn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Latin America
- Regional Trends
- Market Size and Forecast, By Gaming Type, 2019-2031 (US$ Bn)
- Market Size and Forecast, By Device, 2019-2031 (US$ Bn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Gaming Type, 2019-2031 (US$ Bn)
- Market Size and Forecast, By Device, 2019-2031 (US$ Bn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - South Africa
  - GCC Countries
  - Rest of the Middle East & Africa

7. Competitive Landscape

Company Profiles
- 888 Holdings PLC
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Bet365 Group Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Betsson AB
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Entain
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Flutter Entertainment PLC
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Kindred Group PLC
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Ladbrokes Coral Group PLC
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- LeoVegas
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- MGM Resorts International
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Paddy Power Betfair PLC
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Penn National Gaming
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Rush Street Interactive
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Sky Betting & Gaming
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- The Stars Group Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- William Hill PLC
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates

8. Wheel of Fortune

Wheel of Fortune
Analyst View
Coherent Opportunity Map

9. Reference and Research Methodology

References
Research Methodology
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