Online Gambling Market by Game, Device, Payment Mode

List of Tables

[195 Pages Report] The Online Gambling Market size was estimated at USD 72.15 billion in 2022 and expected to reach USD 79.80 billion in 2023, at a CAGR 10.58% to reach USD 161.32 billion by 2030.

Global Online Gambling Market

KEY MARKET STATISTICS
Base Year [2022]	USD 72.15 billion
Estimated Year [2023]	USD 79.80 billion
Forecast Year [2030]	USD 161.32 billion
CAGR (%)	10.58%

Online gambling encompasses the remote gaming activities offered through the internet, which includes online betting, casino games, poker, lotteries, and other gambling services. The accessibility of internet services globally, the convenience of online platforms, and the widespread use of smartphones and other devices foster the growth of the market and provide diverse ways for consumers to participate in gambling activities. Applications for online gambling extend across various digital platforms, including desktop and mobile devices. Growing innovations in mobile technology and user experience with increased acceptance and cultural changes toward gambling are driving the growth and demand for online gambling. However, regulatory constraints in various jurisdictions, cybersecurity threats, and concerns related to the social impact associated with gambling addiction hamper the growth of the market. Key players are exploring advanced encryption technologies to promote data security and mitigate privacy issues associated with online gambling. Furthermore, the growing use of augmented reality (AR) and virtual reality (VR) to enhance user engagement and AI to personalize gaming experiences can provide new avenues of growth for the online gambling market.

Regional Insights

The online gambling market in the Americas is rapidly growing due to favorable governmental legalization frameworks, a growing potential consumer base, and high internet penetration. The move toward legalizing gambling throughout most of America's economies is gaining momentum. Technological innovations such as AR/VR technologies and integration with AI have driven consumer preference for online gambling. The online gambling market in the APAC region is presenting lucrative growth opportunities. The competitive landscape in the region is quite fragmented and unclear regarding restricted legal access to online gambling websites. Europe represents a strong demand for online gambling due to high smartphone and internet penetration with diverse regulatory frameworks for online gambling platforms. Favorable legislation and legalization have played an essential role in opening more legal spaces for online gambling. The Middle East online gambling market is regulated by Arabic gambling laws that vary by country, and a few countries have legal gambling; however, online gambling is still illegal throughout the Middle East. There are liberalized laws for lottery sales and sports betting in Israel, Lebanon, and Morocco.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Online Gambling Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Online Gambling Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Online Gambling Market, highlighting leading vendors and their innovative profiles. These include 1xBet, 888 Holdings PLC, Action Network, Inc. by Better Collective A/S, beBettor Limited, Bet365 Group Ltd., Betsson AB, Blaze by Prolific Trade N.V., Bovada, Caesars Entertainment, Inc., Dafabet, Entain PLC, Evolution Gaming Group, Flutter Entertainment PLC, Fortuna Entertainment Group A.S., Gamesys Group PLC by Bally's Corporation, Genius Sports Group, Huddle Gaming Inc., Huuuge, Inc., Jackpocket, Inc., Kindred Group PLC, Light & Wonder, Inc., MGM Resorts International, Playstar Gaming Group, Practice Ignition Group, Rush Street Interactive, Inc., SGHC Limited, SportPesa, The Hong Kong Jockey Club, and Zodiac Casino by Casino Rewards.

Market Segmentation & Coverage

This research report categorizes the Online Gambling Market to forecast the revenues and analyze trends in each of the following sub-markets:

Game
- Bingo
- Casino/Poker
- Lottery
- Social Gaming
- Sports Betting
Device
- Desktop
- Mobile
Payment Mode
- Real Money
- Virtual Money
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam
- Europe, Middle East & Africa
  - Denmark
  - Egypt
  - Finland
  - France
  - Germany
  - Israel
  - Italy
  - Netherlands
  - Nigeria
  - Norway
  - Poland
  - Qatar
  - Russia
  - Saudi Arabia
  - South Africa
  - Spain
  - Sweden
  - Switzerland
  - Turkey
  - United Arab Emirates
  - United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Online Gambling Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Online Gambling Market?

3. What are the technology trends and regulatory frameworks in the Online Gambling Market?

4. What is the market share of the leading vendors in the Online Gambling Market?

5. Which modes and strategic moves are suitable for entering the Online Gambling Market?

Product Code: MRR-434CCDA04411

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Online Gambling Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing smartphone adoption coupled with the high internet penetration
  - 5.1.1.2. Gradual legalization of online gambling and relaxation of government regulations & policies
- 5.1.2. Restraints
  - 5.1.2.1. Cybercrime & hacking issues related to the online gambling platform
- 5.1.3. Opportunities
  - 5.1.3.1. Technology advancements in online gambling platforms
  - 5.1.3.2. Adoption of virtual currencies and blockchain for payment processing
- 5.1.4. Challenges
  - 5.1.4.1. Cultural barriers & rising addiction behavior issues
  - 5.1.4.2. Slow adoption of online gambling in favor of land-based casinos
5.2. Market Segmentation Analysis
- 5.2.1. Game: Growing popularity of casino/poker such as slots, blackjack, and roulette
- 5.2.2. Device: Significant adoption of desktops for online gambling as it provides a stable and enriched gaming experience
- 5.2.3. Payment Mode: Rising potential of virtual money among risk-averse audience
5.3. Market Trend Analysis
- 5.3.1. Enhancing adoption of online gambling in Americas region driven by legislative changes and technology advancements in betting platforms
- 5.3.2. Evolving legal landscape for online gambling in APAC opening opportunities for international companies to expand their customer base in the region
- 5.3.3. Strong presence of key market players with favorable government policies for online gambling platforms in the EMEA region assists in the deployment of novel gambling platforms
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Online Gambling Market, by Game

6.1. Introduction
6.2. Bingo
6.3. Casino/Poker
6.4. Lottery
6.5. Social Gaming
6.6. Sports Betting

7. Online Gambling Market, by Device

7.1. Introduction
7.2. Desktop
7.3. Mobile

8. Online Gambling Market, by Payment Mode

8.1. Introduction
8.2. Real Money
8.3. Virtual Money

9. Americas Online Gambling Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Online Gambling Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Online Gambling Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
- 12.3.1. Merger & Acquisition
  - 12.3.1.1. Sega Sammy to acquire GAN for USD 107.6 million
  - 12.3.1.2. Entain to buy Poland-based Betting Operator for USD 946 million
- 12.3.2. Agreement, Collaboration, & Partnership
  - 12.3.2.1. Super Group's Betway becomes Global Betting Partner of Arsenal
  - 12.3.2.2. CORRECTING and REPLACING Gambling.com Group Enters Into First International Media Partnership with the Independent
  - 12.3.2.3. Inspired Announces Long-Term Contract Extension with bet365
  - 12.3.2.4. PokerStars Joins the Portuguese Online Betting and Gambling Association as its Newest Affiliate Member
  - 12.3.2.5. BETER is now the Official eSports Provider for the Fortuna Entertainment Group
  - 12.3.2.6. Gannett and Gambling.com Group Announce Strategic Partnership
- 12.3.3. New Product Launch & Enhancement
  - 12.3.3.1. BetMGM and Inspired Entertainment Launch MGM Bonus City, Revolutionary Hybrid Dealer Game
- 12.3.4. Award, Recognition, & Expansion
  - 12.3.4.1. Light & Wonder Launches Authentic Gaming Live Dealer Games in U.S.
  - 12.3.4.2. Rush Street Interactive Becomes First U.S.-based Online Gaming & Betting Company to Receive Accreditations Under the Responsible Gambling Council's RG Check

13. Competitive Portfolio

13.1. Key Company Profiles
- 13.1.1. 1xBet
- 13.1.2. 888 Holdings PLC
- 13.1.3. Action Network, Inc. by Better Collective A/S
- 13.1.4. beBettor Limited
- 13.1.5. Bet365 Group Ltd.
- 13.1.6. Betsson AB
- 13.1.7. Blaze by Prolific Trade N.V.
- 13.1.8. Bovada
- 13.1.9. Caesars Entertainment, Inc.
- 13.1.10. Dafabet
- 13.1.11. Entain PLC
- 13.1.12. Evolution Gaming Group
- 13.1.13. Flutter Entertainment PLC
- 13.1.14. Fortuna Entertainment Group A.S.
- 13.1.15. Gamesys Group PLC by Bally's Corporation
- 13.1.16. Genius Sports Group
- 13.1.17. Huddle Gaming Inc.
- 13.1.18. Huuuge, Inc.
- 13.1.19. Jackpocket, Inc.
- 13.1.20. Kindred Group PLC
- 13.1.21. Light & Wonder, Inc.
- 13.1.22. MGM Resorts International
- 13.1.23. Playstar Gaming Group
- 13.1.24. Practice Ignition Group
- 13.1.25. Rush Street Interactive, Inc.
- 13.1.26. SGHC Limited
- 13.1.27. SportPesa
- 13.1.28. The Hong Kong Jockey Club
- 13.1.29. Zodiac Casino by Casino Rewards
13.2. Key Product Portfolio

14. Appendix

14.1. Discussion Guide
14.2. License & Pricing