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Online Gambling Market by Type, Device, and Geography - Forecast and Analysis 2022-2026

  • Published: Apr 2022
  • Pages: 149
  • SKU: IRTNTR40413
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The online gambling market’s growth momentum will decelerate at a CAGR of 11.05% and the market share will increase by USD 142.38 billion from 2021 to 2026.This online gambling market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The online gambling market report also offers information on several market vendors, including 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 among others. Furthermore, this report extensively covers online gambling market segmentation by:

  • Device - Desktop and Mobile
  • Product - Lottery, Betting, and Casino
  • Geography - North America, APAC, Europe, South America, and Middle East and Africa

What will the Online Gambling Market Size be During the Forecast Period?

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Online Gambling Market: Key Drivers, Trends, and Challenges

The growing demand for mobile gambling is notably driving the online gambling market growth, although factors such as growing online data security issues may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the online gambling industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Online Gambling Market 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.

Key Online Gambling Market Trend

The introduction of bitcoin gambling is gambling market trend that is expected to have a positive impact in the coming years. Bitcoin is a digital, decentralized currency that is used to make transactions over the Internet. It provides a high level of anonymity and is not regulated by the central bank of countries. Moreover, users are not required to provide personal details while using bitcoins for gambling. Bitcoin provides several advantages over regular currency, such as international transactions, easy deposits and withdrawals, lower fraud risks, quick payments, and no transaction fees.

Key Online Gambling Market Challenge

The security and credibility issues in online gambling will be a major challenge for the gambling market during the forecast period. Most gambling websites do not have a proper dispute resolution framework and lack transparency in cash prize payouts; they also do not have fair and responsible casino gaming standards, which reduces the credibility of gambling operators and platform providers. This credibility issue has a negative impact on the scaling of the casino business and discourages new users from joining gambling games, such as casino and poker.

This online gambling market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global online gambling market as a part of the global casinos and gaming market within the overall global hotels, restaurants, and leisure market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the online gambling market during the forecast period.

Who are the Major Online Gambling Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 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

 

This statistical study of the online gambling market encompasses successful business strategies deployed by the key vendors. The online gambling market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • corporate.888.com - The company offers online gambling that includes online gaming services such as casino and games, poker, bingo and sport.

  • corporate.888.com - Through the B2C segment, the company focuses on developing its business to customer business across all four product verticals in the gambling industry namely Casino, Sport, Poker and Bingo.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The online gambling market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Online Gambling Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the online gambling market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Online Gambling Market?

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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. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

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.

What are the Revenue-generating Device Segments in the Online Gambling Market?

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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. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the online gambling market size and actionable market insights on post COVID-19 impact on each segment.

 

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

Key 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 recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Online Gambling Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive online gambling market growth during the next five years
  • Precise estimation of the online gambling market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the online gambling industry across North America, APAC, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of online gambling market vendors

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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

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The online gambling market growth will increase by $142.38 billion during 2022-2026.
The online gambling market is expected to grow at a CAGR of 11.05% during 2022-2026.
Technavio has segmented the online gambling market by device (Lottery, Betting, and Casino) ,product (North America, APAC, Europe, and South America) , and geographic (North America, APAC, Europe, South America, and Middle East and Africa).
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 are a few of the key vendors in the online gambling market.
APAC will register the highest growth rate of 36.53% among the other regions. Therefore, the online gambling market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the online gambling market growth are:
  • Growing demand for mobile gambling
  • Introduction of bitcoin gambling
The online gambling market vendors should focus on grabbing business opportunities from the lottery segment as it accounted for the largest market share in the base year.
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