Online Gambling & Betting Market Anticipated to Grow Robustly at a CAGR of 11.8% during Forecast 2018-2026

Published on : Aug 14, 2018

Albany, New York, August 14, 2018: Recently, it has been witnessed that a large number of regular online casino gamers spending more time and money playing scratch cards online. Involvement in online gambling & betting helps end-users to witness gambling and betting activities in real-time through their Internet-based devices. A fresh study, titled “Online Gambling & Betting Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026” has been publicized to the vast archive of Market Research Hub (MRH), which provides market snapshot in detail, and the market dynamics have been enclosed, explaining to the report readers the drivers, restraints and trends operating in this highly competitive market.

It has been clearly stated in the study that the online gambling and betting market is anticipated to witness a rapid growth rate during the forecast period due to the regulatory environment, which in turn is expected to propel the global market across the globe. The surge in the popularity rate of gambling, disposable income of consumers, trust in the mode of online gambling & betting, growth in penetration rate of the internet, and adoption of Internet-based devices are major factors motivating the online gambling & betting market.

This in-depth analysis of the market includes market forecast for the year 2018-2026 while considering 2017 as the base year. According to the research key findings, the global online gambling & betting market is forecasted to expand at a remarkable CAGR of 11.8% from 2018 to 2026. At this pace, the market is estimated to reach a value of US$ 128.2 Bn by 2026. For a regional perspective, the global online gambling and betting market is explained by separating it into the foremost geographical areas of North America, Europe, Asia Pacific, and the Rest of the World. Of these regions, the online gambling & betting market in the Asia Pacific is anticipated to expand at a significant CAGR throughout the forecast period.

Another vital section of the report covers a detailed segmentation of the global airport kiosk market on the basis of gaming type and device type. By gaming type, the study covers poker, sports betting, casino, fantasy sports, social gaming, bingo and lottery. Devices used to play these games include mobile, tab and desktop. Based on device type, analysts find that the mobile segment is anticipated to expand at a significant CAGR of around 16 % during the forecast period. On the basis of gaming type, the sports betting segment is expected to expand at a considerable pace owing to the increase in number of sports following.

At present, key players tracked by the report that underpin the market expansion significantly include 888 Holdings Plc. Paddy Power Betfair plc.,The Stars Group, Fortuna Entertainment Group,  GVC Holdings Plc., and Kindred Group, as profiled in this report. These major players have changed their business models in order to integrate changes as per demand and regulations.

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