Press Release: March 23, 2020
Online gambling and betting include operators providing gambling and betting games such as poker, casino, lottery, bingo, and sports betting via digital platform. Fantasy league gaming platforms such as NFL Enterprises LLC, CBS Interactive, Fleaflicker, and Sideline Software, Inc. league offer a service for online betting on sports such as cricket, football, and horse riding.
Global online gambling and betting market is expected to witness significant growth during the forecast period (2018–2026). The market growth is majorly attributed to increasing population and increasing use of internet across the globe. Moreover, many countries such as Argentina, Australia, Brazil, Singapore, and Ghana are relaxing the laws and regulations for online gambling and betting. For instance, China allows betting only on approved sites and the Chinese Sports Lottery has the monopoly on all sports betting, in Japan, online betting for lottery, public sports, and football are allowed, and in Singapore, gambling is legalized but highly regulated.
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Increasing disposable income of people across the globe, increasing young population in many countries such as India, Ethiopia, and Nigeria, increasing usage of smartphones and other smart devices, and high internet penetration across the globe are major factors driving growth of the online gambling and betting market. Stringent regulatory laws in many countries for online gambling, insufficient internet facility at many locations, and threat of cyber-attack are few restraints affecting the online gambling and betting market growth. Gambling is illegal in United Arab Emirates, Brunei, North Korea, and Qatar.
Global Online Gambling and Betting Market, By Gaming Type:
Global Online Gambling and Betting Market, By Device Type:
Global Online Gambling and Betting Market, By Region:
By Gaming Type
By Device Type
By Gaming Type
By Device Type
Rest of Europe
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Key players operating in the global online gambling and betting industry include 888 Holdings, GVC Holdings, Kindred Group, Paddy Power, Betfair, William Hill, Bet365, Stars Group, Draft Kings, Betsson, and BetAmerica.
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