Online Gambling Market is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.
The global online gambling market is expected to register a CAGR of 9.7% during the forecast period, 2018 to 2023.
Gambling industry is one of the highly influenced industries towards online platforms, as it is extremely responsive to new technologies and innovations. Growing hardware and software innovations to benefits gambling operators and their players is likely to influence the market growth. The online gambling market is strictly regulated due to this the growth opportunities for market in limited to certain countries only. Online casinos have experienced a steady growth in popularity over the past few years, with more and more people registering with sites in order to enjoy online casino games. However, the law governing the prohibition of online gambling in America is somewhat unclear which is further restricting the market growth.
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Online Gambling Market Major Key Players are Bet-at-home.com, Bwin.Party, 888 Holdings, Ladbrokes, BetAmerica, TVG, Camelot, Paddy Power, Pala Casino, Twinspires, Watch and Wager, and Sportech
Jul 2018: Nine casino owners in Pennsylvania are seeking licenses to operate casino-style gambling online. Pennsylvania last year became the fourth state to legalize online gambling, joining Nevada, New Jersey and Delaware.
Jul 2018: Belarus to legalize online gambling and the draft legislation also includes a proposal to license and tax online gambling operators.
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Online Casino to Witness Fastest Growth during the Forecast Period
Improved internet penetration have proven to be one of the major drivers for the growth of online gambling market along with mobile and live gaming that have had a profound impact on operators. Introduction of advance technologies such as Chatbots, machine learning and AI are creating significant impact on the growth of online gambling market. Additionally, adaptation of virtual reality gaming for online gambling is likely to change the market dynamics in the upcoming years. Sports betting, on the other hand is likely to witness the significant market growth as it is popular in developed countries. For instance, Kentucky is one of the most recent states to join the sports betting legalization. Kentucky is horse racing capital is introducing two bills that would influence the growth for sport betting from offline and online gambling platforms.
North America to Witness Significant Growth Rate during Forecast Period
Globally, more than 84 nations have legalized online gambling which is the main factor to support the market growth during the forecast period. Europe holds the significant market share in online gambling as more than half of the countries who legalized the online gambling are from Europe region. Many of European countries are also legalizing online betting in recent time period. For instance, Netherlands adopts new online gambling regulations. In the US, local gambling regulatory authorities to decide which poker operators were to be allowed to apply for online gambling licenses which is retaining the market growth in North America. For instance, one of the biggest providers of online poker services, PokerStars, failed to get the licensed as local casino argued that the operator had previously violated the Unlawful Internet Gambling Enforcement Act.
The Online Gambling market information for each Competitor Includes:
Main Business Information
Sales, Revenue, Price and Gross Margin
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- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
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- Market value (USD Million) and volume (Kg Million) data for each segment and sub segment
- Distribution Channel sales Analysis by Value
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