- Sports Betting
- Casino
- Lottery
- Bingo
- Others
Online Gambling Market size is expected to be valued at USD 59.3 billion in 2022 and growing at a CAGR of 11.9% over the forecast period 2022-28. There are few factors that act as drivers which include artificial intelligence, machine learning and proliferation of sports betting. Restrain which hung the global market are problem associated with gambling & addiction such as crime associated with (some) gambling operations (fraud, money laundering), harm for society as minors take part. Freemium model in global online gambling market provide potential opportunities. The report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated competition dashboard to assess the market competition. Moreover, PBI analyzed global online gambling market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global online gambling market.
Online Gambling Market Summary
Study Period
2023-29
Base Year
2022
CAGR
11.9%
Largest Market
Asia Pacific
Fastest Growing Market
North America
Online Gambling Market Drivers
It is noticed that the global online gambling market has a significant market growth rate on perspective of increasing adoption of smartphones. Increased number of cost-effective mobile apps to play various online gambling games on smartphones is also adding to the development of the online gambling industry worldwide. Ease in sports betting using mobile linked devices such as smartphones, laptops and tablets has expanded the number of participants in the online gaming industry as it offers consumer protection and ensure gambling is conducted fairly and openly.
North America Got Significant Share
Online Gambling Market
North America contributed major revenue followed by Europe and Asia Pacific. In 2021, North America region accounted huge growth rate and is anticipated to grow with a forecast year. North Americas accounted for the largest share due to the presence of key market players in the region. Moreover, rise in R&D expenditure for the development advanced technologies also immense boost to the growth of market over the forecast years
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The online gambling market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Online Gambling Market Segmentation
Game Type
Device Type
- Desktop
- Mobile
- Others
Geography
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Frequently Asked Questions
The online gambling market is projected to expand at a CAGR of 11.9% during the forecast period
Betsson AB, Bet365 Group Ltd., Kindred Group PLC, GVC Holdings PLC, Paddy Power Betfair PLC, Ladbrokes Coral Group PLC, Sky Betting and Gaming
North America is the fastest-growing region for online gambling market
| 1. Executive Summary |
| 2. Global Online Gambling Market Introduction |
| 2.1. Global Online Gambling Market – Taxonomy |
| 2.2. Global Online Gambling Market –Definitions |
| 2.2.1. Product Type |
| 2.2.2. Device Type |
| 3. Global Online Gambling Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Online Gambling Market Dynamic Factors - Impact Analysis |
| 3.6. Global Online Gambling Market – Competition Landscape |
| 4. Global Online Gambling Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 |
| 4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Online Gambling Market, By Product Type, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 5.1. Sports Betting |
| 5.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Casino |
| 5.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Lottery |
| 5.3.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Bingo |
| 5.4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Others |
| 5.5.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6. Global Online Gambling Market Forecast, By Device Type, 2017 - 2021 and Forecast, 2022 - 2028 |
| 6.1. Desktop |
| 6.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Mobile |
| 6.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Others |
| 6.3.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7. Global Online Gambling Market Forecast, By Region, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Online Gambling Market - Opportunity Analysis Index, By Product Type, By Device Type, and Region, 2022 - 2028 |
| 8. North America Online Gambling Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 8.1. Product Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Sports Betting |
| 8.1.2. Casino |
| 8.1.3. Lottery |
| 8.1.4. Bingo |
| 8.1.5. Others |
| 8.2. Device Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 8.2.1. Desktop |
| 8.2.2. Mobile |
| 8.2.3. Others |
| 8.3. Country Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. USA |
| 8.3.2. Canada |
| 8.4. North America Online Gambling Market - Opportunity Analysis Index, By Product Type, By Device Type, and Country, 2022 - 2028 |
| 8.5. North America Online Gambling Market Dynamics – Trends |
| 9. Europe Online Gambling Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 9.1. Product Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Sports Betting |
| 9.1.2. Casino |
| 9.1.3. Lottery |
| 9.1.4. Bingo |
| 9.1.5. Others |
| 9.2. Device Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Desktop |
| 9.2.2. Mobile |
| 9.2.3. Others |
| 9.3. Country Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Russia |
| 9.3.7. Poland |
| 9.3.8. Rest of Europe |
| 9.4. Europe Online Gambling Market - Opportunity Analysis Index, By Product Type, By Device Type, and Country, 2022 - 2028 |
| 9.5. Europe Online Gambling Market Dynamics – Trends |
| 10. Asia-Pacific Online Gambling Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 10.1. Product Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Sports Betting |
| 10.1.2. Casino |
| 10.1.3. Lottery |
| 10.1.4. Bingo |
| 10.1.5. Others |
| 10.2. Device Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Desktop |
| 10.2.2. Mobile |
| 10.2.3. Others |
| 10.3. Country Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Japan |
| 10.3.2. China |
| 10.3.3. India |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific Online Gambling Market - Opportunity Analysis Index, By Product Type, By Device Type, and Country, 2022 - 2028 |
| 10.5. Asia-Pacific Online Gambling Market Dynamics – Trends |
| 11. Latin America Online Gambling Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 11.1. Product Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Sports Betting |
| 11.1.2. Casino |
| 11.1.3. Lottery |
| 11.1.4. Bingo |
| 11.1.5. Others |
| 11.2. Device Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Desktop |
| 11.2.2. Mobile |
| 11.2.3. Others |
| 11.3. Country Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Argentina |
| 11.3.4. Rest of Latin America |
| 11.4. Latin America Online Gambling Market - Opportunity Analysis Index, By Product Type, By Device Type, and Country, 2022 - 2028 |
| 11.5. Latin America Online Gambling Market Dynamics – Trends |
| 12. Middle East and Africa Online Gambling Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 12.1. Product Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Sports Betting |
| 12.1.2. Casino |
| 12.1.3. Lottery |
| 12.1.4. Bingo |
| 12.1.5. Others |
| 12.2. Device Type Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Desktop |
| 12.2.2. Mobile |
| 12.2.3. Others |
| 12.3. Country Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gulf Cooperation Council (GCC) Countries |
| 12.3.2. Israel |
| 12.3.3. South Africa |
| 12.3.4. Rest of MEA |
| 12.4. MEA Online Gambling Market - Opportunity Analysis Index, By Product Type, By Device Type, and Country, 2022 - 2028 |
| 12.5. MEA Online Gambling Market Dynamics – Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Device Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. 888 Holdings PLC |
| 13.2.2. Betsson AB |
| 13.2.3. Bet365 Group Ltd. |
| 13.2.4. Kindred Group PLC |
| 13.2.5. GVC Holdings PLC |
| 13.2.6. Paddy Power Betfair PLC |
| 13.2.7. Ladbrokes Coral Group PLC |
| 13.2.8. Sky Betting and Gaming |
| 13.2.9. William Hill PLC |
| 13.2.10. Borgata Hotel Casino & Spa |
| 13.2.11. The Stars Group, Inc., |
| 13.2.12. Caesars Entertainment Corporation |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
- 888 Holdings PLC
- Betsson AB
- Bet365 Group Ltd.
- Kindred Group PLC
- GVC Holdings PLC
- Paddy Power Betfair PLC
- Ladbrokes Coral Group PLC
- Sky Betting and Gaming
- William Hill PLC
- Borgata Hotel Casino & Spa
- The Stars Group, Inc.,
- Caesars Entertainment Corporation.