Online Gambling Market Size: Technological Advancement and Growth Analysis with Forecast to 2026

The global online gambling market is estimated to witness tremendous revenue growth over the coming years due to an upsurge in smartphone adoption and improving internet infrastructure across the world. Additionally, convenient and easy accessibility to online casino gaming platforms would also complement the overall market outlook over the analysis time period.  

In addition, various new features introduced by gambling platforms by leveraging technological advancements to attract more customers. This new trend is anticipated to majorly foster the industry size in forthcoming years. Various new technologies like Virtual Reality, 3D Animation, Live Table Games, and convenient as well as mobile-friendly gaming are majorly propelling the market outlook over the coming years.

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In the wake of the COVID-19 pandemic, the governments have imposed lockdown measures and self-isolation policies, which pose a considerable impact on the online gambling market expansion, due to the rapid users’ participation in free as well as paid internet gambling activities. High internet connection also remains an influencing factor for the market dynamics.

In terms of segmentation by type, the global online gambling market from the poker segment is likely to account for a significant market share, owing to the escalating number of youngsters who play online poker. As per reliable estimates, 20% of the college students play poker on the internet at least once in a month. The game has observed a wide adoption in the UK, the U.S., China, as well as other European countries. Moreover, it is also anticipated to gain immense momentum in India over the forecast spell.

One of the prominent card games in the global gambling industry is rummy, which can be attributed to its increased acceptance and rising online gambling platforms. Additionally, the availability of various payment options such as credit cards, virtual currencies, and online wallets has contributed to its growing popularity, which in turn, is propelling the online gambling market share.

Based on device type, the mobile segment is expected to register high market value in the coming years. The segmental growth can be attributed to the mounting internet penetration or high accessibility to the internet via smartphones across the globe.

With an aim to enhance the online gambling business, the service providers are focusing on targeting the audiences through social media platforms including Facebook, YouTube, and Instagram.

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On the regional front, the Asia Pacific online gambling market witnessed a significant upsurge in the industry recently due to the coronavirus pandemic. The strict lockdowns imposed by regional government authorities were responsible for majorly driving the adoption of online betting among APAC customers. In fact, according to the reports of illion Australia and AiphaBeta Australia, Australia witnessed a tremendous 67% rise in online gambling back in April 2020, after the country closed every non-essential service in Australia to keep the case count low. Likewise, the closing of land-based casinos has further resulted in a significant upsurge in the players using online casinos in countries like India.

The competitive landscape of the market is inclusive of players such as Paddy Power Betfair PLC, BET 365, 888 Holdings PLC, The Stars Group, GVC Holdings PLC, Fortuna Entertainment Group, and Kindred Group among others.

Major Key Points from Table of Content:

Chapter 6.   Online Gambling Market, By Device Type

6.1.  Key trends by device type

6.2.  Desktop

6.2.1. Market estimates and forecast, 2016 – 2026

6.3.  Mobile

6.3.1. Market estimates and forecast, 2016 – 2026

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