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Online Gambling Market to Hit $80.65 billion by 2025- Insights on Size, Share, Technological Trends, Business Opportunities, and Key Highlights: Adroit Market Research

George Miller

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Online Gambling Market to Hit $80.65 billion by 2025- Insights on Size, Share, Technological Trends, Business Opportunities, and Key Highlights: Adroit Market Research
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Increasing adoption of smartphones expected to drive the online gambling market at a CAGR of 9.8% during the forecast period. In 2018, Sports betting dominated the online gambling industry and Geographically Europe dominated the online gambling industry. This is due to the fact that the region considerate of large number of countries like, Germany, Italy, UK and France where online gambling is legal.

 

The global online gambling market size is estimated to reach up to USD 80.65 billion by 2025 mainly driven by rising internet penetration and growing adoption for smartphones and tablets amongst generation X and millennials. Moreover, online gaming platforms offers various forms of online gambling games such as online poker, sports betting, online bingo, online lottery and casino game. These games has brought huge switch from traditional to online gambling platform.

The report also throws light on various aspects of the online gambling industry by assessing the market using value chain analysis. The report covers several qualitative aspects of the online gambling industry in market drivers, market restraints and key industry trends. Furthermore, the report provides an in-depth assessment of the market competition with company profiles of global as well as local vendors.

Request a PDF sample @ https://www.adroitmarketresearch.com/contacts/request-sample/868

The current consumer landscape suggests that consumers are preferring online gambling over offline mode of gambling. Hence, online gaming products are expected to offer new revenue opportunities for online gaming service providers.

In product type segment, the market for casino sub-segment is estimated to grow at the CAGR 10.2% during the forecast period. This growth is primarily driven by the increase in streaming over the internet and stability of the servers, which enable the companies to offer real time experience and comfort to the players. There has been significant demand for online casino by millennials, which is expected to further drive the market.

The “Global Online Gambling Market Size 2017 by Type (Sports Betting, Casinos, Poker, Bingo and Others) by Device (Mobile and Desktop) by Region (North America, Europe, Asia Pacific, Central & South America and Africa) and Forecast 2018 to 2025” study provides an elaborative view of historic, present and forecasted market estimates. Access the full report @ https://www.adroitmarketresearch.com/industry-reports/online-gambling-market

In 2018, mobile the sub segment of the device segment dominated the global online gambling market. The segment accounted USD 26.99 billion and is expected to grow at a CAGR of 12.0% over the forecast period. The enhanced convenience offered by mobile phones which allows the gamblers access to their favorite gambling websites and app from anywhere anytime is expected to boost the market. In 2018, the mobile devices occupied a share of 64.40%. Advances in mobile phone technology and explosion of mobile gambling into the online gaming industry has made the entire gambling process easy and user friendly for those who choose smartphones over desktop or tablets.

Geographically, Asia Pacific is leading the global online gambling market driven by increasing population across the demographics, and newly developing markets such as India, Singapore, Thailand and Indonesia due to internet penetration. Europe and North America held the first and second largest market value shares respectively. Other developing markets in countries such as Brazil and Argentina are going to drive the market for South America which is the second fastest growing markets globally.

William Hill, Bet365, PP+B, Betsson, Ladbrokes, Amaya, GVC Holdings, 888 holdings, Skybetting & gaming and Unibet(Kindred Group) are the leading players present within the global online gambling market.

Major points from Table of Contents:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. Online gambling Overview Market, By Type
Chapter 5. Online gambling Market Overview, By Devices
Chapter 6. Online gambling Market Overview, By Region
Chapter 7. Company Profiles

Browse more reports:

Casino Management System Market 2018-2025: The global casino management system market is anticipated to record substantial growth over the forecast period credited to increase in need of business insights and automation, growing demand of risk management and effective security, and rising awareness over fraud-related transactions. Though, factors such as the necessity of high initial investment and rising cyber threats are anticipated to restrain the global casino management system market growth. Browse the report@ https://www.adroitmarketresearch.com/industry-reports/casino-management-system-market

Access research repository of Upcoming Reports @ https://adroitmarketresearch.com/upcoming.html

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Industry News

BTG Launches its Millionaire Mystery Box Slot

Niji Narayan

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BTG Launches its Millionaire Mystery Box Slot
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Big Time Gaming has launched its Millionaire Mystery Box slot exclusively with the Gaming Innovation Group’s Rizk.com online casino.

This 5-reel game has 243 different ways to win with mystery boxes thrown in. Inside the mystery boxes, you’ll discover any possible symbol, including special symbols such as the wild and scatter. Hitting the scatters will transport you into the hot seat, where you can win up to 24 free spins and a multiplier of up to 50× for the chance to win big money.

“Who Wants to Be Millionaire the TV show lends itself well to slot adaption because it already contains gambling elements coupled with the chance to win dizzying amounts of money. We retained the core elements that made Millionaire Megaways a hit, but we’ve added rich new features and a fun element of surprise. We know Rizk players are already loving it, but what would you expect from the thought leaders of modern slot development,” Nick Robinson, BTG’s CEO said.

“I’m delighted by the launch of Big Time Gaming’s newest blockbuster, Millionaire Mystery Box, exclusively on Rizk. The game has been a big hit with our players and, because it’s a household name and has excellent artwork and mechanics, it has provided some excellent marketing content. We want to extend a big thank you to Nik and all the team at BTG for coming up with another smash hit,” Ross Parkhill, Managing Director at GiG said.

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Patagonia Entertainment Signs Content Deal with END 2 END

Niji Narayan

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Patagonia Entertainment Signs Content Deal with END 2 END
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Patagonia Entertainment has signed a content deal with Multiplayer Bingo supplier, END 2 END.

END 2 END creates cutting edge multiplayer Bingo software. Patagonia’s clients will gain access to the portfolio through its Gaming Aggregation Platform, which is designed for mobile-first and converges the land-based casino experience seamlessly.

END 2 END’s bingo titles are HTML5-ready and feature 75-ball & 90-ball Bingo Games perfectly suited for web, tablets and smartphones. The supplier is renowned for its immersive designs, user-friendly interfaces and live chat rooms. All games are incredibly easy to integrate with land-based bingo halls and with a physical point-of-sale.

“END 2 END’s multiplayer bingo content is truly excellent and we cannot wait to add these titles to our Gaming Aggregation Platform. These games will enrich any of our clients’ offering,” Patagonia Entertainment’s Global Business Development Manager Victor Arias said.

“We are delighted to partner with Patagonia Entertainment and be able to offer our Bingo Multiplayer content through its aggregation platform. We’re certain that this partnership will allow us to expand our business to operators and jurisdictions, where Patagonia Entertainment already has a strong presence,” Alejandro Revich, CEO and Founder of END 2 END said.

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Malta’s Junior Minister Plays Down UKGC Chief’s Concerns with Local Gambling Companies’ Lack of Compliance

Niji Narayan

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Malta’s Junior Minister Plays Down UKGC Chief’s Concerns with Local Gambling Companies’ Lack of Compliance
Reading Time: < 1 minute

 

Silvio Schembri, the Junior Minister for Financial Services of Malta, has played down serious concerns raised by Neil McArthur, CEO of the UK Gambling Commission, after the reveal that Malta-based gaming companies were the biggest offenders in Britain.

“The Malta Gaming Authority is doing a sterling job. Our duty as politicians is that we give all the necessary tools, by enhancing legislation and helping regulatory bodies as MGA to monitor and sanction were needed. This is what we are doing, and what we will continue to do in the future,” Schembri said.

Neil McArthur slammed Malta’s compliance as simply “not good enough” during a recent speech in Malta.

“The Commission is clear that although progress has been made in the regulation of the online market since 2014, far more needs to be done to raise standards,” McArthur said.

Malta-based companies currently hold the largest market share of the UK online gaming market, accounting for close to 30% of the total, with the industry exploding since the introduction of the tax rebate system.

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