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Online Gambling Market 2020 | Growth Trends by Regions, Size and Share, Revenue, Business Developments and Key Players Forecast to 2024

Online Gambling

Online Gambling Market” research report would be to present the accurate and tactical analysis of the market assets, growing factors, supply, industry size, regional segmentation, dynamics as well as prices variant for its forecast year 2024. The report study provides key statistics on the market status of the Online Gambling manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.

Scope of the Report:

The online gambling market includes gaming types, such as betting, bingo, lottery, casino, and other gambling games include poker and country-level games. The online gambling market by device type is categorized as mobile and desktop gambling games.

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Top Players Are:

  • Betsson AB
  • 888 holdings Plc
  • GVC Holdings Plc
  • Kindered group Plc
  • Paddy Power Betfair Plc
  • Cherry AB
  • William Hill Plc

    Market Overview:

  • The online gambling market is predicted to reach USD 87.75 billion by 2024, registering a CAGR of 8.77%, during the forecast period (2019 – 2024). The online betting is the fastest growing segment during the forecast period. Artificial intelligence, Chabot, and machine learning have taken over the market. The rise in the number of female population in casinos and convenience of cashless mode of payment during the gaming are likely to boost the online gambling market, during the forecast period. Online gambling companies are likely to expand their sport betting options after sport betting was legalized in the United States by the Supreme Court, in 2018, which is further supporting the market’s growth. However, stringent regulations related to online gambling are expected to hinder the market growth rate.

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    Key Market Trends:

    Online Betting Holds a Prominent Share among the Online Gambling

    The online betting segment is predominantly applied in the sports category, especially in events, such as FIFA World Cup and European Championships. Online betting is also popular in horse racing and greyhound racing. Many of the online sports betting companies are sponsoring different teams as a part of their marketing initiatives and strategic expansions. For instance, the bwin brand, a pioneering online sports brand across Continental Europe, attained global recognition through high-profile sponsorships with football clubs, such as Real Madrid and AC Milan. Similarly, for the 2018 World Cup, the Gaming Innovation Group (GiG) launched an advanced and innovative platform for sports betting, thereby driving the market.

    North America Remains the Fastest Growing Region

    The current legislation framework for online betting in the United States allows only bookmakers licensed in Nevada, Pennsylvania, and New Jersey to operate legally, as these are the three states where online betting is regulated. Pennsylvania is the fourth and biggest state to legalize and regulate online gambling. The new law allows for online casinos, online poker, sports betting, and more. New Jersey is currently the largest market for regulated online gambling in the United States. There are a number of sports books and online sports betting apps live in the state. Canada is largely an unregulated country in terms of online gaming. Whereas, Mexico is reviewing its gambling laws, with the aim to regulate the online gambling sector to bring it in line with the rest of the nation’s gambling industry.

    Competitive Landscape:

    Most of the companies present in the market are efficient at the technological front but require significant support for enhancing their services and expanding their businesses. Thus, mergers and acquisitions offer significant opportunities to gain the attention of a large number of providers across developed regions.

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    Detailed TOC of Online Gambling Market Report 2020-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY
    3.1 Market Overview

    4 MARKET DYNAMICS
    4.1 Market Drivers
    4.2 Market Restraints
    4.3 Porter’s Five Forces Analysis
    4.3.1 Threat of New Entrants
    4.3.2 Bargaining Power of Buyers/Consumers
    4.3.3 Bargaining Power of Suppliers
    4.3.4 Threat of Substitute Products
    4.3.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Gaming Type
    5.1.1 Betting
    5.1.2 Bingo
    5.1.3 Lottery
    5.1.4 Casino
    5.1.5 Other Gaming Types
    5.2 By Device Type
    5.2.1 Desktop
    5.2.2 Mobile
    5.3 Geography
    5.3.1 North America
    5.3.1.1 United States (Pennsylvania)
    5.3.1.2 United States (New Jersey)
    5.3.1.3 Rest of North America
    5.3.2 Europe
    5.3.2.1 Germany
    5.3.2.2 United Kingdom
    5.3.2.3 France
    5.3.2.4 Sweden
    5.3.2.5 Spain
    5.3.2.6 Italy
    5.3.2.7 Rest of Europe
    5.3.3 Asia-Pacific
    5.3.3.1 Oceania Countries
    5.3.3.2 Rest of Asia-Pacific
    5.3.4 Rest of the World
    5.3.4.1 South America
    5.3.4.2 Middle East

    6 COMPETITIVE LANDSCAPE
    6.1 Key Strategies Adopted
    6.2 Market Share Analysis
    6.3 Company Profiles
    6.3.1 Betsson AB
    6.3.2 888 holdings Plc
    6.3.3 GVC Holdings Plc
    6.3.4 Kindered group Plc
    6.3.5 Paddy Power Betfair Plc
    6.3.6 Cherry AB
    6.3.7 William Hill Plc

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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