Online Gambling Market - Key Trends & Industry Highlights

Summary

The next-generation technology team at Grand View Research has compiled a quantitative and qualitative analysis of key trends and industry highlights in the online gambling market. The report offers a detailed analysis of the online gambling market across different countries and regions. The report further provides insights on the online gambling industry trends and an overview of various market players operating in the market under the competitive landscape section, along with insights on legal regulations and user’s betting interests. Additionally, the report offers a detailed research methodology, market drivers, opportunities, and challenge analysis of the industry. The dataset is provided in Excel & PDF format.

Key Insights

The online gambling market is highly dynamic, and it is expected to grow at a notable rate over the forecast period due to increasing digitization and the emergence of online payment options that are convenient to users. Besides, the ongoing efforts of the market players to improve the security of digital transactions are favoring the industry growth.

Several factors, such as the relaxation of betting and gambling laws across various countries, the growing participation of gamblers, and the higher adoption of internet-connected devices, are fueling the growth of the online gambling market. Online gambling lets players witness gambling activities in real time through an internet-connected device. The following figure shows the number of active internet users globally.

In addition, the increasing penetration of several betting and gambling websites coupled with the growing number of sports followers across the globe will create lucrative opportunities for the market over the next few years. Several countries across the globe are legalizing online gambling owing to an increase in employment generation and an increase in tax revenue.

The trend of legalizing online gambling has been gaining momentum in various regions globally. For example, in the U.S., several states have legalized online gambling, and more states are expected to follow suit. Several European countries, including the UK, Spain, and Italy, have legalized online gambling. Platform providers are adopting changes in advanced technology, which have made it easier for people to access online gambling sites.