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Online Gambling Market Size to Achieve USD 172 Billion by 2030 growing at 11.6% CAGR due to the Increasing Penetration of Mobile Phones Globally – Exclusive Report by Acumen Research and Consulting
The Global Online Gambling Market Size is expected to reach a market value of around USD 172 billion by 2030 growing with a CAGR of 11.6% over the forecast timeframe, as reported by Acumen Research & Consulting
Online gambling has become one of the world’s fastest-growing sectors in the past 20 years. Every day, millions of people gamble on various platforms. As a result, the revenue generated by these websites is massive, increasing the global online gambling market value. Online gambling which is also known as internet gambling or e-gambling is witnessing a massive demand on account of the growing mobile gambling applications.
Online gambling has changed the industry landscape owing to the rising number of existing as well as new gamblers shifting towards online platforms. The ease of access, convenience, and corporate sponsorship are just a few of the factors that have shifted the focus of gamblers from offline gambling to online gambling. This factor is also expected to boost the worldwide online gambling market growth.
Report Coverage:
| Market | Online Gambling Market |
| Market Size 2021 | USD 65 Billion |
| Market Forecast 2030 | USD 172 Billion |
| CAGR During 2022 – 2030 | 11.6% |
| Analysis Period | 2018 – 2030 |
| Base Year | 2021 |
| Forecast Data | 2022 – 2030 |
| Segments Covered | By Type, By Device, And By Geography |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled | 888 Holdings PLC, Bet365, Betsson AB, GVC Holdings PLC, Kindred Group PLC, Ladbrokes Coral Group PLC, Paddy Power Betfair PLC, Sky Betting and Gaming, The Stars Group Inc., and William Hill. |
| Report Coverage | Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
| Customization Scope | 10 hrs of free customization and expert consultation |
COVID-19 Impact on the Global Online Gambling Market Value
The COVID-19 pandemic had a positive impact on the market, as consumers turned more to the online platform during lockdowns to overcome their financial, psychological, and social crises. Because of the lockdown measures and work-from-home culture, it was one of the industries that thrived during the COVID-19 pandemic. In addition to that, the various countries’ and governments’ lockdown and social distancing regulations have had an impact on land-based casino operations. As a result, regular traditional gamblers shifted their focus towards online gambling, which again fueled the market demand during the COVID-19 period.
Global Online Gambling Market Growth Aspects
Increasing penetration of Smartphone’s will fuel the global online gambling market share
Mobile gambling is becoming increasingly popular around the world. Although it is constrained alongside online gambling in some states, the mobile gambling market is expected to grow significantly in the coming years. According to gambling regulators, mobile gambling is frequently conducted by younger individuals, who are more susceptible to addiction. Sports betting is the most common form of mobile gambling; despite its association with gambling-related harm, live-action betting is aggressively marketed on mobile gambling applications in areas where betting regulation is more permissive. The introduction of payment options such as Apple Pay, Pay by Phone, and others have made a significant difference. Their withdrawal and deposit times are much shorter. Furthermore, various statistics show that mobile casinos grew in popularity during the lockdown. In some countries, the increase was nearly 100%.
Sports betting will generate the biggest online gambling market revenue in the coming years
According to our sports betting industry analysis, the market is expected to reach around USD 139 billion by 2028, growing at a CAGR of more than 10% between 2021 and 2028. Some of the online gambling market trends include increased connected device penetration and varying regulatory scenarios for the overall gambling industry. Additionally, the introduction of 5G networks, as well as the growing application of artificial intelligence and block chain technologies in the sports betting industry, is expected to generate a variety of growth opportunities over the forecast years. Furthermore, the rising popularity of sports betting gambling on games such as football, cricket, and easy understanding of these gambling among millennials are some of the leading aspects driving the market growth.
Online Gambling Market Segmentation
The global market has been divided into three sections: type, device, and region. The market is divided into five types: casinos, bingo, poker, sports betting, and others. Based on our analysis, the sports betting segment is anticipated to lead the market during the forecasted timeframe from 2022 to 2030. On the other hand, the online casino segment will achieve a substantial share in the coming years.
Furthermore, the device segment is split into desktop, mobile, and others. The desktop segment generated a significant online gambling market share in 2021, owing to the larger screens and easy visibility to enjoy their betting events. However, mobile gambling will grow at the fastest rate due to the increasing global penetration of Smartphone’s and their ease of access to online gambling apps.
Online Gambling Market Regional Outlook
North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa are the regional classification of the global online gambling market. Among all the regions, the Europe region leads the online gambling market with the majority of the share during the forecast timeframe. This could be attributed to the growing sports industry, the presence of leading players, and the ease of regulations.
On the other hand, the Asia-Pacific region is anticipated to attain the fastest growth rate from 2022 to 2030. This is ascribed to the increasing number of Smartphone users in countries such as China and India. Additionally, rapid urbanization, increasing internet penetration, and increasing adoption of crypto currency in online gambling are some of the factors that are supporting the Asia-Pacific online gambling market.
Online Gambling Market Players
Some key online gambling companies covered in the industry include 888 Holdings PLC, Bet365, Betsson AB, GVC Holdings PLC, Kindred Group PLC, Ladbrokes Coral Group PLC, Paddy Power Betfair PLC, Sky Betting and Gaming, The Stars Group Inc., and William Hill.
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The news that January’s ICE Barcelona will include a major new feature dedicated to global gaming’s most influential trade associations has been welcomed by organisations in Europe and abroad.
Making full use of the additional space at the Gran Via Fira de Barcelona, the first ICE Association Assembly has been created to enable trade bodies to promote their values and create new opportunities for the gaming community across every sector and geography, including both the Brussels-based European Casino Association (ECA) and the Association of Gaming Equipment Manufacturers (AGEM), the global trade association for gaming equipment suppliers with its primary headquarters in Las Vegas.
Erwin Van Lambaart, Chair of the ECA confirmed: “Our members are already planning their week in Barcelona and they will be at this historic edition of ICE in great numbers. ICE is a pivotal event for the global gaming community and having a show floor feature which will enable us to engage directly with all sectors is a unique opportunity.
“Traditionally, our association’s involvement at ICE and its Conference program has primarily centred around networking and product development orientation—connecting with our members, regulators, suppliers, and fellow trade bodies. However, ICE 2025 marks a significant milestone. For the first time, the ECA will have the chance to fully interface with the global industry supply chain in its entirety. We are looking forward to this unique opportunity to articulate our vision for the future to a diverse and comprehensive audience, where innovation, responsibility and significant partnerships for guest and customer centricity will have centre stage.”
Daron Dorsey, CEO of AGEM added: “We represent the interests of our gaming suppliers whose well-known brands are global in reach, so to be given the opportunity to explain our agenda and engage with what is a truly international audience of association colleagues on the ICE show floor is invaluable.”
January’s editions of ICE and iGB Affiliate will occupy 120,000sqm of space compared to the 100,00sqm at ICE 2024. In a major endorsement of the opportunities offered by the relocation to Barcelona 72% of the 25 biggest exhibitors will have an increased stand presence at ICE 2025.
The post ECA and AGEM applaud creation of Association Assembly at ICE Barcelona appeared first on European Gaming Industry News.
Aviatrix, the innovative crash game that is quickly growing in popularity across Latin America and elsewhere, has added FacilitoBet to its portfolio of operator partners.
The deal sees FacilitoBet integrate Aviatrix into its proprietary GEO VES platform, making the game available to its players across Venezuela.
This is a major move by Aviatrix’s into the Venezuelan market, following numerous deals elsewhere in Latin America over the past 12 months.
Gabriela Novello, Head of Business Development LATAM at Aviatrix, said: “We want to bring Aviatrix to the most respected brands across Latin America, and FacilitoBet absolutely meets those criteria. By integrating us into their own platform, we’re able to work directly with the FacilitoBet team to bring a truly world-class experience to players across Venezuela. This is another important step in the Aviatrix journey.”
Henry Sanchez, Director of FacilitoBet, said: “Crash games have become a true phenomenon over the last couple of years, and we love Aviatrix because it brings something unique to the genre. The game is engaging, and their team is extremely helpful when it comes to onboarding to our own GEO VES platform. We are sure Aviatrix will be a big success among our players.”
Aviatrix is quickly becoming Latin America’s favourite crash game, following integrations with NGX, Salsa Technology, Vibra Gaming, Cactus Gaming, RedCap, Virtualsoft, Casa de Apostas, Portugabet and many more.
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Atlaslive and Alea Partner to Revolutionize Casino Offerings with Data-Driven Player Insights
Atlaslive, a leading B2B software provider in the global iGaming industry, has announced an exciting partnership with Alea, a data-driven casino game aggregator. Together, the two companies will deliver highly customized, data-focused gaming experiences designed to boost player engagement and drive operator success.
Atlaslive’s multi-functional platform empowers sports betting and casino operators with a customizable, scalable solution. Partners have the freedom to tailor the platform to their brand style and market preferences, whether they’re focused on a regional niche or a global audience.
With over 15,000 games in Atlaslive’s casino library, which includes slots, live casino games, table games, virtual games, lotteries, and more, operators can offer a diverse selection to match any player demographic. This vast collection will now be complemented by Alea’s aggregation, creating an unmatched selection of casino content.
Lidiia Vakulenko, COO of Atlaslive, commented on the collaboration: “At Atlaslive, our goal is to provide operators with not only a powerful platform but also the tools and content they need to stand out in a competitive market. Our partnership with Alea enhances our already robust casino offering with even more game diversity, while adding sophisticated data insights that help our partners design player experiences tailored to their audience. This partnership is a game-changer for both companies and our partners.”
In addition to its extensive game portfolio, Atlaslive’s platform provides operators with advanced tools to create custom segments and automated marketing triggers. This allows operators to design personalized campaigns and offers based on player behavior, boosting engagement, retention, and ultimately, revenue.
Jordi Sendra, CEO of Alea, also commented on the collaboration: “We are thrilled to partner with Atlaslive, a company that shares our vision of using data and technology to drive innovation in iGaming. Together, we can offer operators not just a vast range of top-tier games, but the deep player insights they need to refine their strategies and maximize engagement. We believe this partnership will open up new possibilities for both companies and the operators we serve globally.”
By bringing together Atlaslive’s dynamic platform and Alea’s data-driven approach, this partnership is set to transform the way casinos operate, providing powerful tools that will help them grow and thrive in the competitive iGaming landscape.
The post Atlaslive and Alea Partner to Revolutionize Casino Offerings with Data-Driven Player Insights appeared first on European Gaming Industry News.
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