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Online Gambling Market by Device, Product and Geography - Forecast and Analysis 2023-2027

  • Published: Feb 2023
  • Pages: 163
  • SKU: IRTNTR40413
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The online gambling market is estimated to grow at a CAGR of 11.03% between 2022 and 2027. The size of the market is forecast to increase by USD 150.5 billion. The growth of the market depends on several factors, including growing demand for mobile gambling, increasing betting on e-sports, and reduced stringency in government regulations. 

This report extensively covers market segmentation by device (desktop and mobile), product (lottery, betting, and casino), and geography (North America, APAC, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Online Gambling Market During the Forecast Period?

Online Gambling Market Size

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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. The parent global casinos and gaming market cover products and companies engaged in casinos and gambling facilities and operations.  Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Online Gambling Market: Key Drivers, Trends, Challenges, and Customer Landscape

The growing demand for mobile gambling is notably driving the market growth, although factors such as growing online data security issues may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Online Gambling Market Driver

The growing demand for mobile gambling is notably driving market growth. 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. Thus, users are rapidly shifting from desktops to mobile devices for playing casino games.

Smartphones are becoming one of the major platforms for online gambling as they provide easy access to casino games and e-sports betting. They also support many mobile-based payment solutions, such as M-Pesa, Orange Money, and Airtel Money. Therefore, several vendors have launched mobile gambling applications due to the enhancements in mobile payment systems. Thus, rising smartphone penetration will boost market growth during the forecast period.

Significant Online Gambling Market Trend

The emergence of VR as a cure for gambling addiction is an emerging trend in the market. The use of VR allows people with gambling addiction to experience safe and secure virtual environments that are conducive to replicating the cravings of their addiction. This is done without subjecting the gambling addicts to real-life scenarios related to their addictions. VR helps therapists study the behavior of addicts when the latter are subjected to virtual gambling. The technology places individuals in an environment in which their senses are tested, helping therapists determine the progress of individuals.

Therapists are authorized to expose gambling addicts to a VR environment, catering to the latter needs. Addicts with strong cravings are gently ushered into the VR world setup. This is done by reducing the noise levels, the number of slot machines, the number of players in the casino, and the intensity of the entire environment. Therefore, the trend of VR being used as a tool to cure gambling addictions is likely to continue, which in turn, will fuel the market growth during the forecast period.

Major Online Gambling Market Challenge

The growing online data security issues are major challenges impeding market growth. Security and credibility issues in online gambling are some of the major factors hindering the growth of the global market. 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 casinos and poker.

Moreover, online gambling websites have become prime targets for cyber attackers and scammers. Gambling websites capture vital information about users, such as bank details and credit card numbers, which are vulnerable to hacking. Several offshore-run internet casinos do not have the latest cybersecurity technologies in place, which increases the chances of cyberattacks.  Thus, issues like these will hinder the growth of the global market during the forecast period.

Key Online Gambling Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Online Gambling Market Share by Geography

Global Online Gambling Market Customer Landscape

Who are the Major Online Gambling Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Betsson AB - The company operates under one segment. The company under this segment offers online gambling that includes gambling products such as casinos, poker, bingo, sports betting, and scratch cards. The key offerings of the company include online casino gambling games. 

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • 888 Holdings Plc
  • Bet365 Group Ltd.
  • BetOnline
  • Camelot UK Lotteries Ltd.
  • Entain Plc
  • Flutter Entertainment Plc
  • Fortuna Entertainment Group AS
  • Galaxy Entertainment Group Ltd.
  • INTRALOT SA
  • Kindred Group Plc
  • LeoVegas AB
  • MGM Resorts International
  • New York State Gaming Commission
  • Scientific Games LLC
  • Sportech Plc

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Online Gambling Market?

The market share growth by the desktop segment will be significant during the forecast period. The primary factor driving the segment growth is that desktop devices offer a better experience as they have bigger display screens compared with mobile devices. 

Online Gambling Market Size

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The desktop segment was valued at USD 106.34 billion in 2017 and continued to grow until 2021. Most online gambling offerings are web-based, which are better experienced on desktops. Although many vendors have optimized their offerings for mobile devices and have developed apps for mobile platforms, users still prefer desktops for a better experience. Therefore, owing to these factors the segment in the global market will grow during the forecast period. 

Which are the Key Regions for the Online Gambling Market?

Online Gambling Market Share by Geography

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APAC is estimated to contribute 39% to the growth of the global market during the forecast period. Another region offering significant growth opportunities to vendors is North America. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The market in the region is growing at a rapid pace because of the rise in the number of mobile application platforms. The US is the key leading country in the market in North America. The increasing use of websites and applications for online gambling, as well as the rising penetration of smartphones, has enabled vendors to launch online-based gambling. For instance, in 2021, Lotto.com Inc. announced the launch of the first digital platform in the state of New Jersey that allows lottery ticket purchases from any device without the need for an app or pre-deposited amounts. Likewise, In January 2020, BetAmerica launched an online platform for sports betting in Pennsylvania. Thus, owing to such factors the regional market is expected to grow during the forecast period.

The outbreak of COVID-19 had a strong influence on the market in North America. In 2020, the gambling industry was disrupted as the lockdowns following the outbreak led to the closure of casinos, which, in turn, led to an increase in demand for online casinos owing to technological improvements and changes in legislation, such as the legalization of online gaming, thereby driving the growth of the market in the region. With more countries in the region introducing regulations, online gambling in the country is anticipated to increase, with people downloading more online casino games, thus adding to the revenue streams in the overall market. For instance, according to the American Gaming Association, sports betting in the US brought in a record USD 1.5 billion in 2020, an increase of 69% from the previous year. In addition, the relaxation of lockdowns and large-scale vaccination drives in different countries in the region, coupled with increased funding toward the development of online interfaces of betting platforms from several resources also boosted the market growth. Therefore, this trend is likely to continue, which in turn, will propel the growth of the regional market during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Device Outlook (USD Billion, 2017 - 2027)
    • Desktop
    • Mobile
  • Product Outlook (USD Billion, 2017 - 2027)
    • Lottery
    • Betting
    • Casino
  • Region Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

Online Gambling Market Scope

Report Coverage

Details

Page number

163

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 11.03%

Market growth 2023-2027

USD 150.5 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

9.2

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 39%

Key countries

US, Canada, China, UK, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

888 Holdings Plc, Bet365 Group Ltd., BetOnline, Betsson AB, Camelot UK Lotteries Ltd., Entain Plc, Flutter Entertainment Plc, Fortuna Entertainment Group AS, Galaxy Entertainment Group Ltd., INTRALOT SA, Kindred Group Plc, LeoVegas AB, MGM Resorts International, New York State Gaming Commission, Scientific Games LLC, 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, and 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
  • Detailed information on factors that will drive the growth of the online gambling market between 2023 and 2027
  • Precise estimation of the size of the online gambling market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the 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 about vendors
  • Comprehensive analysis 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 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global online gambling market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global online gambling market 2017 - 2021 ($ billion)
    • 4.2 Device Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Device Segment 2017 - 2021 ($ billion)
    • 4.3 Product Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Device

    • 6.1 Market segments
      • Exhibit 30: Chart on Device - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Device - Market share 2022-2027 (%)
    • 6.2 Comparison by Device
      • Exhibit 32: Chart on Comparison by Device
      • Exhibit 33: Data Table on Comparison by Device
    • 6.3 Desktop - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Desktop - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Desktop - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Desktop - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Desktop - Year-over-year growth 2022-2027 (%)
    • 6.4 Mobile - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Mobile - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Mobile - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Mobile - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Mobile - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Device
      • Exhibit 42: Market opportunity by Device ($ billion)
      • Exhibit 43: Data Table on Market opportunity by Device ($ billion)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 44: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 45: Data Table on Product - Market share 2022-2027 (%)
    • 7.2 Comparison by Product
      • Exhibit 46: Chart on Comparison by Product
      • Exhibit 47: Data Table on Comparison by Product
    • 7.3 Lottery - Market size and forecast 2022-2027
      • Exhibit 48: Chart on Lottery - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 49: Data Table on Lottery - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 50: Chart on Lottery - Year-over-year growth 2022-2027 (%)
      • Exhibit 51: Data Table on Lottery - Year-over-year growth 2022-2027 (%)
    • 7.4 Betting - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Betting - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Data Table on Betting - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 54: Chart on Betting - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Betting - Year-over-year growth 2022-2027 (%)
    • 7.5 Casino - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Casino - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Data Table on Casino - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 58: Chart on Casino - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Casino - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Product
      • Exhibit 60: Market opportunity by Product ($ billion)
      • Exhibit 61: Data Table on Market opportunity by Product ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 64: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 APAC - Market size and forecast 2022-2027
      • Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 UK - Market size and forecast 2022-2027
      • Exhibit 95: Chart on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 96: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 97: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 Canada - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 104: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 105: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ billion)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 888 Holdings Plc
              • Exhibit 115: 888 Holdings Plc - Overview
              • Exhibit 116: 888 Holdings Plc - Business segments
              • Exhibit 117: 888 Holdings Plc - Key news
              • Exhibit 118: 888 Holdings Plc - Key offerings
              • Exhibit 119: 888 Holdings Plc - Segment focus
            • 12.4 Bet365 Group Ltd.
              • Exhibit 120: Bet365 Group Ltd. - Overview
              • Exhibit 121: Bet365 Group Ltd. - Product / Service
              • Exhibit 122: Bet365 Group Ltd. - Key offerings
            • 12.5 BetOnline
              • Exhibit 123: BetOnline - Overview
              • Exhibit 124: BetOnline - Product / Service
              • Exhibit 125: BetOnline - Key offerings
            • 12.6 Betsson AB
              • Exhibit 126: Betsson AB - Overview
              • Exhibit 127: Betsson AB - Product / Service
              • Exhibit 128: Betsson AB - Key offerings
            • 12.7 Camelot UK Lotteries Ltd.
              • Exhibit 129: Camelot UK Lotteries Ltd. - Overview
              • Exhibit 130: Camelot UK Lotteries Ltd. - Product / Service
              • Exhibit 131: Camelot UK Lotteries Ltd. - Key offerings
            • 12.8 Entain Plc
              • Exhibit 132: Entain Plc - Overview
              • Exhibit 133: Entain Plc - Business segments
              • Exhibit 134: Entain Plc - Key news
              • Exhibit 135: Entain Plc - Key offerings
              • Exhibit 136: Entain Plc - Segment focus
            • 12.9 Flutter Entertainment Plc
              • Exhibit 137: Flutter Entertainment Plc - Overview
              • Exhibit 138: Flutter Entertainment Plc - Business segments
              • Exhibit 139: Flutter Entertainment Plc - Key news
              • Exhibit 140: Flutter Entertainment Plc - Key offerings
              • Exhibit 141: Flutter Entertainment Plc - Segment focus
            • 12.10 Fortuna Entertainment Group AS
              • Exhibit 142: Fortuna Entertainment Group AS - Overview
              • Exhibit 143: Fortuna Entertainment Group AS - Product / Service
              • Exhibit 144: Fortuna Entertainment Group AS - Key offerings
            • 12.11 Galaxy Entertainment Group Ltd.
              • Exhibit 145: Galaxy Entertainment Group Ltd. - Overview
              • Exhibit 146: Galaxy Entertainment Group Ltd. - Business segments
              • Exhibit 147: Galaxy Entertainment Group Ltd. - Key offerings
              • Exhibit 148: Galaxy Entertainment Group Ltd. - Segment focus
            • 12.12 INTRALOT SA
              • Exhibit 149: INTRALOT SA - Overview
              • Exhibit 150: INTRALOT SA - Business segments
              • Exhibit 151: INTRALOT SA - Key offerings
              • Exhibit 152: INTRALOT SA - Segment focus
            • 12.13 Kindred Group Plc
              • Exhibit 153: Kindred Group Plc - Overview
              • Exhibit 154: Kindred Group Plc - Business segments
              • Exhibit 155: Kindred Group Plc - Key offerings
              • Exhibit 156: Kindred Group Plc - Segment focus
            • 12.14 MGM Resorts International
              • Exhibit 157: MGM Resorts International - Overview
              • Exhibit 158: MGM Resorts International - Business segments
              • Exhibit 159: MGM Resorts International - Key offerings
              • Exhibit 160: MGM Resorts International - Segment focus
            • 12.15 Scientific Games LLC
              • Exhibit 161: Scientific Games LLC - Overview
              • Exhibit 162: Scientific Games LLC - Business segments
              • Exhibit 163: Scientific Games LLC - Key offerings
              • Exhibit 164: Scientific Games LLC - Segment focus
            • 12.16 The Betway Group
              • Exhibit 165: The Betway Group - Overview
              • Exhibit 166: The Betway Group - Key offerings
            • 12.17 William Hill Plc
              • Exhibit 167: William Hill Plc - Overview
              • Exhibit 168: William Hill Plc - Business segments
              • Exhibit 169: William Hill Plc - Key offerings
              • Exhibit 170: William Hill Plc - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 171: Inclusions checklist
                • Exhibit 172: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 173: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 174: Research methodology
                • Exhibit 175: Validation techniques employed for market sizing
                • Exhibit 176: Information sources
              • 13.5 List of abbreviations
                • Exhibit 177: List of abbreviations
              • in competition

                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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                Online Gambling market growth will increase by $150.5 billion during 2023-2027.
                The online gambling market is expected to grow at a CAGR of 11.03% during 2023-2027.
                Technavio has segmented the online gambling market by device (Desktop, Mobile, and Casino) ,product (Lottery, Betting, Casino, and South America) , and geography (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 AS, Galaxy Entertainment Group Ltd., INTRALOT SA, Kindred Group Plc, LeoVegas AB, MGM Resorts International, New York State Gaming Commission, Scientific Games LLC, 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 39.33% 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.
                • US
                • Canada
                • China
                • UK
                • Germany
                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 desktop segment as it accounted for the largest market share in the base year.
                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?
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