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Global Online Gambling & Betting Market to Reach US$ 128.2 Bn by 2026

George Miller

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Global Online Gambling & Betting Market to Reach US$ 128.2 Bn by 2026
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ALBANY, New York, July 24, 2018  — According to a new market research report published by Transparency Market Research titled “Online Gambling & Betting Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,” the global online gambling & betting market is expected to reach a value of US$ 128.2 Bn by 2026, expanding at a CAGR of 11.8% from 2018 to 2026. Europe held the leading share of the online gambling & betting market in 2017.

Online gambling and betting refers to operators providing gambling and betting games, such as, casino, poker, sports betting, lottery, and other games to end-users through an Internet-based digital platform. This allows users to witness and engage in gambling and betting activities in real-time through their Internet-enabled electronic devices. Rise in penetration of Internet-based devices, trust on wagering through online mode of payment, and relaxation of laws have boosted the online gambling & betting market across the globe. Based on device type, the mobile segment is anticipated to expand at a significant CAGR of around 16 % during the forecast period.

Request a Brochure for Research Insights at https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2662

Factors, such as, increase in prevalence gambling, disposable income of consumers, trust in a wagering through electronic payment mode of online gambling & betting, and growth in penetration of the Internet, along with adoption of Internet-based devices, are driving the growth of the online gambling & betting market. However, stringent regulatory laws for online gambling, insufficient facility for internet operations, and threat of cyber-attack are the major challenges faced by the online gambling & betting market. Furthermore, the online gambling & betting market faces threats from regulatory bodies implementing stringent laws and regulations in terms of social-political aspects and the availability of option to wager in traditional or offline gambling & betting. Nevertheless, integration of live streaming with online gambling and development of online gambling & betting sites with advanced technology as per requirement of end-users are likely to create new opportunities in the market.

The global online gambling & betting market report offers detailed segmentation based on gaming type, device type, and region. According to the report, based on gaming type, the sports betting segment is anticipated to expand at a significant CAGR of about 14 % during the forecast period. Casino was the second leading segment of the online gambling & betting market in terms of value in 2017. In terms of value, the sports betting and casino segments are projected to expand at a CAGR of about 14 % and 12 %, respectively, during the forecast period. The mobile segment is anticipated to expand at a CAGR of around 16% from 2018 to 2026. The desktop segment is expected to remain at a competitive growth rate with a CAGR of around 6 % during the forecast period.

Download Report TOC for in-depth analysis at https://www.transparencymarketresearch.com/report-toc/2662

Europe led the online gambling & betting market in 2017. The online gambling & betting market in Asia Pacific is anticipated to expand at a significant CAGR of around 14 % during the forecast period. Primary drivers of the online gambling & betting market in Asia Pacific are relaxation of laws, growth in participation of wagers through Internet, and availability of foreign gambling & betting sites with attractive offers. Additionally, increase in penetration of Internet-based devices and trust in using online gambling & betting sites are stimulating the market. Europe is expected to witness a significant growth during the forecast period. The online gambling & betting market in North America is anticipated to expand at a CAGR of about 12 % from 2018 to 2026.

Leading players operating in the online gambling & betting market include 888 Holdings plc, The Stars Group, Paddy Power Betfair plc. Fortuna Entertainment Group, GVC Holdings Plc., and Kindred Group, as profiled in this report.

Request for Customization Report at https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=2662

The global online gambling & betting market has been segmented as below:

By Gaming Type

  • Poker
  • Casino
  • Social Gaming
  • Lottery
  • Bingo
  • Sports Betting
  • Fantasy Sports

By Device Type

  • Desktop
  • Mobile
  • Tab

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

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About Transparency Market Research:

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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GVC Becomes Founding Member of All-in Diversity Project

Niji Narayan

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GVC Becomes Founding Member of All-in Diversity Project
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GVC Holdings has joined the All-In Diversity Project, an industry-driven initiative to benchmark diversity, equality and inclusion for the global betting and gaming sector.

The All-in Diversity Project provides tools to businesses looking to progress in the area of Diversity & Inclusion (D&I). GVC’s membership in the All-In Diversity project will help accelerate its leadership role on (D&I) issues within the sector.

“GVC is delighted to become a Founding Member of the All-In Diversity Project. As a global employer, GVC is committed to providing a safe, fun, and inclusive culture where our people feel they can truly belong. We are a multicultural business that values, celebrates and respects individual differences, so whatever your sexuality, gender, gender identity, ability, age, race, religion or belief, you will have a voice here, and the space to do your best work at GVC. We look forward to working with our partners to make our industry a more inclusive environment,” Shay Segev, CEO of GVC, said.

“GVC is a great addition to our roster of Founding Members. As a multi-channel, multi-jurisdictional industry leader, they bring an unrivalled knowledge and global perspective of the industry that along with a passion to lead and share their best practices will help us take another huge step towards a better more inclusive industry. We are proud to welcome them,” Kelly Kehn, Co-Founder of All-in Diversity Project, said.

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Scientific Games Signs Four-year Dutch National Lottery Contract

Niji Narayan

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Scientific Games Signs Four-year Dutch National Lottery Contract
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Scientific Games Corporation has entered into a new contract with the Dutch National Lottery Nederlandse Loterij.

The deal will see Scientific Games provide its instant game “scratch cards” to the Lottery for a period of four years through the Scientific Games Enhanced Partnership (SGEP), a performance-driven management programme used by more than 20 lotteries globally. The agreement may be extended by Lottery for up to four additional years.

“After a decade of work refining our successful partnership, we are pleased to continue our collaboration with Scientific Games. While this announcement comes during a challenging global situation, we are confident our ongoing collaboration will continue our responsible growth trajectory of the instant ticket business for Nederlandse Loterij to provide maximum transfers to our beneficiaries,” Raffaele Fiorini, business director for Nederlandse Loterij’s instant tickets, said.

Scientific Games has supplied Nederlandse Loterij with scratch cards since 1994, moving to the SGEP programme in 2010 for full product category management. Scientific Games also provides the Lottery with sports betting technology and services.

“We are honored that Nederlandse Loterij has entrusted Scientific Games with its instant scratch cards business, and we are committed to using our more than 45 years of experience to continue developing its instant product portfolio to responsibly grow sales and profits,” John Schulz, Senior Vice President, Lottery Instant Products for Scientific Games, said.

“SGEP is the market-leading program for lotteries focused on responsibly growing the instant product category. It is proven successful for many of the top-peforming lotteries in the world, and we are delighted to continue maximizing results for Nederlandse Loterij and its retail partners, while providing great entertainment for players,” Matthias Müller, Vice President Sales & Marketing for Scientific Games International Lottery Systems, said.

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Digitain Integrates Spinmatic Video Slots

Niji Narayan

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Digitain Integrates Spinmatic Video Slots
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Sportsbook and casino platform provider Digitain has entered into a deal with leading developer and supplier of casino games, Spinmatic.

As per the deal, Spinmatic video slot games will be integrated into Digitain’s platform, providing its partners’ customers with its engaging new titles and classics.

“The integration of Spinmatic onto our platform provides a great boost to our overall content and we’re delighted that our partners’ customers will benefit from a fantastic range of premium, highly-engaging games,” Samvel Mkrtumyan, Head of External Communication at Digitain, said.

“It is always very positive to be able to reach new customers with our games. We are very happy to partner with such a great company as Digitain, and I’m sure its partners’ players are going to love our video slots because we take the whole process very seriously, having their likes and their background in mind to deliver exactly what they are looking for,” Norbert Mathies, Managing Director of Spinmatic, said.

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