The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global online gambling market was valued at US$ 72.3 Billion in 2021.
We expect the global online gambling market to exhibit a CAGR of 9.96% during 2022-2027.
Various technological advancements, such as the development of virtual reality and blockchain tools,
that maintain the transparency of gambling activities, with providing immersive experience to the
players, are currently catalyzing the global online gambling market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing demand for online
gambling as a source of indoor entertainment when physical casinos were temporarily shut down
across several nations during the implementation of stringent lockdown regulations.
Based on the game type, the global online gambling market has been segmented into sports betting,
casino, and others. Currently, sports betting exhibits clear dominance in the market.
Based on the device, the global online gambling market can be bifurcated into desktop, mobile, and
others. Among these, mobile currently accounts for the majority of the total market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where Europe currently dominates the global market.
Some of the major players in the global online gambling market include 888 Holdings PLC, Bet365
Group Ltd., Betsson AB, Cherry Spelgladje AB, Flutter Entertainment Plc, Galaxy Entertainment
Group, GVC Holdings Plc, Intralot, Kindred Group Plc, LeoVegas AB, MGM Resorts International, etc.
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