According to a new market research report “Online Gambling and Betting Market By Gaming Type Casino, Lottery, Sports Betting, Poker, Social Gaming, Bingo, Fantasy Sports Device Type Mobile, Desktop, Tab – Global Industry Analysis and Forecast to 2025″, published by PlanetMarketReports, the global market is expected to reach USD 105.2 Billion by 2025 from USD 59.6 Billion in 2019, at a CAGR of 9.54%.
Industry Outlook and Trend Analysis
Online Gambling and Betting Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. Online gambling and betting comprise betting and gambling games, for example, casino, poker, lottery, and sports betting which are played through advanced stages. Investment in online gambling and betting causes end-users to observe betting and gambling exercises continuously through their Internet-based devices. The online gambling and betting market is anticipated to observe a quick development rate amid the conjecture time frame because of administrative conditions, which thus is foreseen to impel the worldwide market over the globe.
Drivers and Restraints
Aspects, for example, increment in the commonness of betting, discretionary income, trust in betting through electronic installment method of web-based betting and gambling, and development in entrance of the Internet, alongside a selection of Internet-based devices, are driving the development of the online gambling and betting market. Nonetheless, stringent administrative laws for web-based betting, a deficient facility for web activities, and danger of digital assault are the significant difficulties encountered by the online gambling and betting market. Moreover, the online gambling and betting market face challenges from administrative bodies executing stringent laws and controls as far as social-political viewpoints and the accessibility of choice to bet in conventional or offline gambling and betting.
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Europe drove the web-based betting and wagering market in 2017. The online gambling and betting in Asia Pacific are foreseen to extend at a huge CAGR amid the estimate time frame.
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Stars Group
Fortuna Entertainment Group
888 Holdings plc
Paddy Power Betfair plc
GVC Holdings Plc
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Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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