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Worldwide Industry for Online Gambling to 2024 – Surging Internet Users Present Opportunities

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Worldwide Industry for Online Gambling to 2024 - Surging Internet Users Present Opportunities
Reading Time: 4 minutes

 

The “Global Online Gambling Market: Insights & Forecast with Potential Impact of COVID-19 (2020-2024)” report has been added to ResearchAndMarkets.com’s offering.

The global online gambling market is expected to reach US$90.36 billion in 2024, growing at a CAGR 11.50% during the period spanning 2020-2024. The growth in the market was supported by factors like rising internet users, increasing use of smartphones, rising economic growth, surging demand for sports and rising adoption of blockchain technology.

The online gambling market is expected to experience certain trends like increasing demand for smartwatch devices, rising adoption of virtual reality and increasing digitalization. The market is also expected to face certain challenges such as a surge in frauds, addiction to online gambling and physical & psychological effects of online gambling.

The global online gambling market by type can be segmented as follows: sports betting, casinos, poker and bingo. In 2019, the highest share of the market was held by sports betting, followed by casinos, poker and bingo. The global online gambling market by device can be segmented as follows: mobile, desktop and tab. In 2019, the dominant share of the market was held by mobile, followed by desktop and tab. The market by regulation can be segmented as follows: unregulated, regulated and regulating. In 2019, the highest share of the market was held by unregulated, followed by regulated.

In 2019, the dominant share of the market was held by Europe, followed by Asia Pacific, North America and the Middle East. Growth in the Europe market was supported by the rising use of smartphones and increasing digitalization.

Scope of the report:

  • The report provides a comprehensive analysis of the global online gambling market with the potential impact of COVID-19.
  • The major regional markets i.e. Europe, Asia Pacific, North America & Middle East have been analyzed along with country analysis of the UK, Spain, Italy and the US.
  • The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
  • The competitive landscape of the market, along with the company profiles of leading players (William Hill, GVC Holdings, Flutter Entertainment, Kindred Group, 888 Holdings and Betsson) are also presented in detail.

Key Topics Covered:

1. Market Overview

2. Impact of COVID-19
2.1 Impact on Global Economy
2.2 Shutdown of Land-Based Casinos
2.3 Global Prevalence of COVID-19
2.4 Impact on Online Traffic

3. Market Analysis
3.1 Global Online Gambling Market by Value
3.2 Global Online Gambling Market Forecast by Value
3.3 Global Online Gambling Market by Type
3.3.1 Global Online Sports Betting Market by Value
3.3.2 Global Online Sports Betting Market Forecast by Value
3.3.3 Global Online Sports Betting Market by Type
3.3.4 Global Online Casino Market by Value
3.3.5 Global Online Casino Market Forecast by Value
3.3.6 Global Online Poker Market by Value
3.3.7 Global Online Poker Market Forecast by Value
3.3.8 Global Online Bingo Market by Value
3.3.9 Global Online Bingo Market Forecast by Value
3.4 Global Online Gambling Market by Device
3.4.1 Global Mobile Online Gambling Market Forecast by Value
3.4.2 Global Desktop Online Gambling Market Forecast by Value
3.4.3 Global Tab Online Gambling Market Forecast by Value
3.5 Global Online Gambling Market by Regulation
3.6 Global Online Gambling Market by Region

4. Regional Market
4.1 Europe
4.1.1 Europe Online Gambling Market by Value
4.1.2 Europe Online Gambling Market Forecast by Value
4.1.3 Europe Online Gambling Market by Type
4.1.4 Europe Online Gambling Market by Device
4.1.5 UK Online Gambling Market by Value
4.1.6 UK Online Gambling Market Forecast by Value
4.1.7 Spain Online Gambling Market by Value
4.1.8 Spain Online Gambling Market Forecast by Value
4.1.9 Italy Online Gambling Market by Value
4.1.10 Italy Online Gambling Market Forecast by Value
4.2 Asia Pacific
4.2.1 Asia Pacific Online Gambling Market by Value
4.2.2 Asia Pacific Online Gambling Market Forecast by Value
4.3 North America
4.3.1 North America Online Gambling Market by Value
4.3.2 North America Online Gambling Market Forecast by Value
4.3.3 The US Online Gambling Market by Value
4.3.4 The US Online Gambling Market Forecast by Value
4.3.5 The US Online Gambling Market by Type
4.3.6 The US Online Gambling Market Value by Type
4.3.7 The US Online Gambling Market Value Forecast by Type
4.4 Middle East
4.4.1 Middle East Online Gambling Market by Value
4.4.2 Middle East Online Gambling Market Forecast by Value
4.5 ROW
4.5.1 ROW Online Gambling Market by Value
4.5.2 ROW Online Gambling Market Forecast by Value

5. Market Dynamics
5.1 Growth Drivers
5.1.1 Surging Internet Users
5.1.2 Upsurge in Smartphone Users
5.1.3 Rising GDP Per Capita
5.1.4 Increasing Demand for Sports
5.1.5 Growing Adoption of Blockchain Technology
5.1.6 Declining Preferences for Land-Based Casinos
5.2 Key Trends & Developments
5.2.1 Surging Demand for Smartwatch Devices
5.2.2 Virtual Reality (VR)
5.2.3 Digitalization
5.2.4 Artificial Intelligence & Machine Learning
5.3 Challenges
5.3.1 Upsurge in Frauds
5.3.2 Online Gambling Addiction
5.3.3 Physical & Psychological Effects

6. Competitive Landscape
6.1 Global Market
6.1.1 Revenue Comparison- Key Players
6.1.2 Market Capitalization Comparison- Key Players
6.1.3 Global Online Gambling Market Share – Key Players
6.2 UK Market
6.2.1 UK Online Gambling Market Share – Key Players
6.2.2 UK Online Casino Gaming Market Share – Key Players
6.2.3 Australia Online Gambling Market Share – Key Players
6.3 Europe Market
6.3.1 Italy Online Gambling Market Share – Key Players
6.3.2 Spain Online Gambling Market Share – Key Players

7. Company Profiles
7.1 William Hill
7.1.1 Business Overview
7.1.2 Financial Overview
7.1.3 Business Strategies
7.2 GVC Holdings
7.2.1 Business Overview
7.2.2 Financial Overview
7.2.3 Business Strategies
7.3 Flutter Entertainment
7.3.1 Business Overview
7.3.2 Financial Overview
7.3.3 Business Strategies
7.4 Kindred Group
7.4.1 Business Overview
7.4.2 Financial Overview
7.4.3 Business Strategies
7.5 888 Holdings
7.5.1 Business Overview
7.5.2 Financial Overview
7.5.3 Business Strategies
7.6 Betsson AB
7.6.1 Business Overview
7.6.2 Financial Overview
7.6.3 Business Strategies

Latest News

The Evolution of Online Gambling in the US

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Reading Time: 3 minutes

 

Online casino gaming in the US has faced several highs and lows over the years. The most notable of these was the ban on real money online gambling activities for North American gamblers. Although the ban did not restrict bettors from indulging, local online operators found it difficult to continue offering their services.

Since 2018 and also due to the global pandemic, things have started to change for the better. That’s because more states are choosing to adopt online gambling practices.

Part of this change of regulations is that the US government noted it was making revenue losses every year because bettors use their money on overseas platforms outside North America. For instance, an estimated $150 billion goes to overseas operators yearly for online sports bets.

Free Play Online Slots Remained Accessible

During the gambling ban, US casino gamers still got to enjoy free slot releases. These were allowed even on local operators’ sites since no money exchanges occurred. The free options are still available on various sites, even with real money games now legal.

It’s something that even overseas operators have for their most popular slot releases. Thanks to the availability of these free slot games, players still got to indulge in some casino gaming activities.

With online casino gaming legalized in most states now, players can use the skills they learned from free gaming. That’s because they know which games offer the kind of gaming experience they seek.

Whether it’s big or frequent payouts, the free games give a glimpse into how a real gaming session could turn out. Free games also show you how the bonus features in various releases get triggered and the increased payouts to expect.

Free Slots on Sweepstake Sites

More sites that US gamers have enjoyed free slots are on sweepstakes casinos. These are platforms similar to online casinos. The difference is that they’re able to offer games to players across North America.

That’s because they run under US sweepstake laws where transactions aren’t necessary to play games. Instead, you use a type of in-game currency to bet on games.

Another notable difference on sweepstake casinos is that the games aren’t the assortment you’d find from known developers. These are different titles that offer the same thrills regardless. So, while at sweepstake casinos, don’t look for mainstream branded games. There aren’t any.

The Success of Free Slot Casinos

Regardless of the online gaming ban in the US, software developers and operators continued to enjoy profits. By offering free slots games, they were able to stay relevant in most gamers’ minds. So, whenever players found a real-money platform, these were the same releases they turned to. That’s because they had an idea of what to expect with those slot titles.

Adoption Of Online Live Casino Games

Another online gaming option that US residents have started enjoying is live casino games. Also called live dealer games, these are live-streamed versions of casino table and card games.

You get to interact with a dealer and any other players at the same gaming table. This offers an experience similar to being at a casino floor table, which due to the pandemic, most people can no longer enjoy.

Thanks to software developers like Ezugi and Evolution Gaming, players get the social element that virtual table games don’t offer. To play these games, the developers stream a live dealer at a table from their gaming studios.

The players then interact with the dealer through an in-game chat feature or a device microphone if they have one. Some game versions available with this option include Blackjack, Roulette, Poker, Sic Bo, Baccarat, and Craps.

States Where Online Gambling Activities Are Allowed

Online gaming activities are accepted based on the state players access the sites from. Below are some of the platforms where US gamblers can enjoy online gambling. We’ve also listed which activity each state accepts as legal.

  • Delaware – Online casino gaming, Online Poker
  • Michigan – Online sports betting, Online casino gaming, Online Poker
  • New Jersey – Online sports betting, Online casino gaming, Online Poker
  • Pennsylvania – Online sports betting, Online casino gaming, Online Poker
  • Iowa – Online sports betting
  • West Virginia – Online casino gaming, Online Poker
  • Nevada – Online Poker
  • Indiana – Online sports betting
  • Tennessee – Online sports betting
  • Illinois – Online sports betting
  • Colorado – Online sports betting
  • Virginia – Online sports betting, Online casino gaming, Online Poker

Mobile Betting Sites for US Players

Beyond allowing players to enjoy real money games online, some states have started accepting mobile betting options as well. As such, US-based players in select states can access online gambling sites through their smartphones and tablets.

That’s either through the operator’s native apps or through the mobile-optimized version of the chosen casino site. The same goes for online sports betting activities.

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Latest News

Getting extra income with online activities

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Reading Time: 3 minutes

Nowadays, one of the most important problems people must deal with around the world is the economic scenery. The bills, the price of food, supermarket, clothes, education or health costs are increased constantly. It means that living is getting more and more expensive. 

source: unsplash.com

Many times it is necessary to look for alternative ways to get enough money. Considering that situation, have you ever thought about getting extra income using the internet to do some activities?

First of all, it’s interesting to remember some advantages to using the internet! Let’s check it:

  • Practicality: solve problem from home is very practice;
  • Efficiency: the digital way is very efficient and without human error;
  • Speed: using the internet to solve problem is faster than go to physical establishment;
  • Costs:if you use the internet for any transactions, you pay less tax.

The internet is present in our lives every day offering many opportunities, we just need to enjoy its good points.

 

How can I get money on the internet?

In addition to your current occupation, you can use the possibilities of the internet to get an extra income! Maybe you are asking yourself how you can do it. But don’t worry, just still reading to check some examples.

 

Simple job

There are platforms online that propose some paid simple jobs. You can sign up and receive tasks according to your profile information. Many companies need you to add content and quality in their daily service, constantly improving. The voice and opinion from customers are essentially. You could be one of these people, what do you think about it?

Usually these tasks designated on platforms are very simple like making a review or answering questions for a market research content from a point of view from the public.

 

Investments

Another good idea is using the internet to make an investment. You can invest in the cryptocurrency market, for example. This is totally legal. Cryptocurrency is a revolutionary way to make financial transactions because of its security, confidence and efficiency.

You can invest in cryptocurrency and even get daily earnings! To get it you should pay attention to the actions of other investors and the market scenario, so you can make a security decision. 

If you save time to learn about these investment modality you will find many great possibilities and could enjoy it.

 

Play games

What do you think about earning money while you play games and have fun? You would like to know that it’s possible! There are some apps and platforms that make you feel in a real casino, for example. One of these excellent platforms is PlayAmo

Using it you can get money playing one of their big variety of games. It’s possible to choose the one you prefer according to what you like, you will have many secure methods of payment options and you could receive bonuses to start an action!

 

Benefits of digital era

The digital era represents a big and revolutionary step in our life. Since we can make anything using a computer or a mobile, we have a unique conception about how we can handle problems. 

It’s possible to solve many things junt using the internet to improve our daily activities: pay a bill, make a market, order food, watch a movie and take a long talk with someone who is far from you. In addition to all of these, you can also earn money!

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SIS unveils revamped 49’s offering

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Reading Time: 2 minutes

 

SIS (Sports Information Services), the leading multi-channel supplier of 24/7 live betting services, has gone live with its newly enhanced 49’s offering – a wide range of numbers betting and virtual racing products that will drive profitability for online and retail operators worldwide.

After acquiring the full shareholding of the 49’s business last year, SIS has significantly invested in the product range to broaden its appeal and deliver new draws for bettors to experience.

The established twice-daily 49’s draw has been rebranded as “The Original Live Draw”, receiving a fresh look while retaining the strong heritage that has made it popular with operators and bettors for over 25 years.

SIS has developed a new high-margin 39’s draw, which takes place every fifteen minutes to provide more frequent betting opportunities. Additional innovative products are set to be launched later this year, including a new quick-fire draw format that will be made available across all hours of the day. The complete 49’s offering is supported with virtual horse and greyhound racing from SIS’s well-known and popular tracks, as well as the Irish Lotto Bet product that allows players to place a bet on the outcome of the Irish National Lottery.

The company has invested in a new web platform for 49s.co.uk. With a mobile first approach that also reflects the updated brand proposition, there are also more opportunities for affiliates to be integrated within the site.

The new 49’s offering is now available to players via a wide range of SIS’s leading operator partners, including Coral, Ladbrokes, Paddy Power, William Hill, and South African brand Marshalls World of Sport.

Jess Mills, Head of Product Proposition at SIS, said: “When we acquired 49’s it was always our intention to evolve the product offering to optimise the betting experience. Following months of hard work and working closely with our operator partners, we are proud to unveil the new-look 49’s offering.

“Product innovation is key to evolving 49’s, and while the iconic twice-daily draw remains, we are introducing new draw formats that will complement the offering and deliver greater betting opportunities.”

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