About Online Gambling & Betting
Gambling is defined as risking money or material value for a certain result. Online gambling is commonly known as internet gambling. It is typically betting on casino or sports type games over the internet. Gambling primarily requires three things, consideration, risk, and prize. Nowadays online gambling and betting are rising owing to urbanization and the rise in the adoption of mobile phones.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Online Gambling & Betting market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
888 Holdings plc. (Gibraltar), The Stars Group (Canada), Paddy Power Betfair plc (Ireland), GVC Holdings Plc (Isle of Man), Bet365 Group Ltd (United Kingdom), Kindred Group (Malta), William Hill plc (United Kingdom), BETSSON AB (Sweden), mybet Holding (Germany), Rank Group (United Kingdom) and Hong Kong Jockey Club (HongKong) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Fortuna Entertainment Group (Netherlands), The Betway Group (Malta) and Playtech (Isle of Man).
Segmentation Overview
AMA Research has segmented the market of Global Online Gambling & Betting market by Type (Casino Games, Sports Betting, Card Games, Fantasy Sports, Lotteries and Social Gaming) and Region.
On the basis of geography, the market of Online Gambling & Betting has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Device Type, the sub-segment i.e. Desktop will boost the Online Gambling & Betting market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Hardware will boost the Online Gambling & Betting market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Awareness of the Latest Technologies
Market Growth Drivers:
Constant Development in the Internet Infrastructure Along With Rising in Adoption of Mobile Phones, Increase in Gamification of Online Gambling Industry and Rise Urbanization & Disposable Income
Challenges:
Concerns Regarding Gambling Frauds and Difficulties in Authentication
Restraints:
Stringent Rules And Regulations For Online Gambling
Opportunities:
Improved Security for OnlineTransaction will Increase Digital Transaction
On June 28, 2001 - The Australian Government passed the Interactive Gambling Act 2001 (IGA). The government said that the IGA was important to protect Australians from the harmful effects of gambling. The offense applies to all interactive gambling service providers, whether based in Australia or offshore, whether Australian or foreign-owned. The IGA makes it an offense to provide an interactive gambling service to a customer physically present in Australia, but it is not an offense for Australian residents to play poker or casino games online. Sports betting online is legal in Australia, with many state government licensed sportsbooks in operation.
Key Target Audience
Online Gambling and Betting Service Providers, Application Platform Providers, Research organizations and consulting companies, Network Solution Provider, Network Service Providers, Gambling Industry, Governmental Bodies and Research Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.