Online gambling market to reach $205.6B by 2030 with 12% CAGR

Online gambling, which includes a broad range of betting and gaming activities via the internet, such as online casinos, sports betting, poker, bingo, and lotteries, is experiencing both growth and diversification. Polaris Market Research has released a comprehensive research report titled “Online Gambling Market 2024: By Size, Trends, Share, Growth, Segments, Industry Analysis and Forecast, 2032,” providing stakeholders with a detailed outlook on the market’s trajectory.

The study also highlights the increasing use of the internet, the increased use of smartphones, and conveniently accessed online platforms for betting as factors that have contributed to the growth of the market. 

According to the American Gaming Association (AGA), there are over 2,800 active online sites for different forms of gambling. These encompass the trend of increasing participation in online betting and the implementation of freemium models in this sector. With this trend in mind, Polaris Market Research expects the global online gambling market to reach USD 205.60 billion by 2030 with a steady CAGR of 12.0%.

The market competition analysis included in the report contains detailed information on the major industry players, including 888 Holdings PLC, Bet365 Group Ltd., Betsson AB, Entain, Kindred Group PLC, Ladbrokes Coral Group PLC, Paddy Power Betfair PLC, Sky Betting & Gaming, The Stars Group Inc., and William Hill PLC. This breaks down the companies’ market share, revenue, and product or service offerings to give the readers a feel of competition. Also, the report provides insights into other major trends, such as mergers, acquisitions, and joint ventures, that these companies have undertaken to remain competitive in the market.

This report explores market characteristics and evaluates the factors that affect the market’s growth. The report places significant emphasis on technology trends, highlighting promising technologies that could potentially influence market demand. Furthermore, the analysis takes into account the emergence of new products and services from industry players. Regulatory policies play a pivotal role in market expansion, and the report includes positive government regulations and significant public and private investments in market development.

Additionally, the research offers a comprehensive examination of the competitive environments of a variety of geographical locations. This section offers critical data, such as market share, gross margin, and growth rate, to identify appropriate opportunities for expansion in each region. 

This analysis covers a wide range of major geographic locations, including North America, which includes the United States, Canada, and Mexico; Europe, which includes Germany, France, the United Kingdom, Russia, and Italy; Asia-Pacific, which includes China, Japan, Korea, India, Southeast Asia, and Australia; South America, which includes Brazil, Argentina, and Columbia; and the Middle East and Africa region, which includes Saudi Arabia, the United Arab Emirates, and Egypt.

The report discusses key features such as market analysis, support for strategic management decisions, identification and assessment of major market players, and a study of market evolution. The main goal of this report is to inform stakeholders about new developments and trends, as well as provide a comprehensive analysis of the field’s segments.

In sum, the research report seeks to address significant questions concerning the online gambling sector. These include the existing and expected market size, opportunities and threats for those engaged in the industry, the impact of new trends and technologies, the anticipated demand for various products, and the future outlook in terms of production value and capacity. Thus, considering all of the above factors, this vast research provides useful information to interested parties in order to find their way through the constantly evolving trends in the online gambling industry.

David Bright

David Bright joined Times of Casino as a news writer focused on the casino industry. He holds a bachelor degree in Economics and Accounting and currently contributing in-depth news articles. David writes on the casinos, gambling legislation, poker, and much more.

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