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Online Gambling Market is Projected to Reach USD 160 Billion by 2026
According to a recent study from market research firm Global Market Insights, The global online gambling market is estimated to witness tremendous revenue growth over the coming years due to an upsurge in smartphone adoption and improving internet infrastructure across the world. Additionally, convenient and easy accessibility to online casino gaming platforms would also complement the overall market outlook over the analysis time period.
Gambling is termed as risking money or anything which is of material value for uncertain results. The initial purpose is of winning an additional amount or material goods. Online gambling also known as internet gambling is basically betting on sports type games or casino done over the internet. Bingo, slots, roulette, keno, poker, lotteries are some of the examples of online gambling.
In addition, various new features introduced by gambling platforms by leveraging technological advancements to attract more customers. This new trend is anticipated to majorly foster the industry size in forthcoming years. Various new technologies like Virtual Reality, 3D Animation, Live Table Games, and convenient as well as mobile-friendly gaming are majorly propelling the market outlook over the coming years.
As per a research report by Global Market Insights Inc., the online gambling market would likely exceed a valuation of $160 billion by the end of 2026.
In terms of type, the online gambling market is bifurcated into bingo, lottery, poker, casino, and betting. The betting segment is further classified into tennis, horse racing, Formula 1, football, esports, and boxing & UFC. Among the other segments, the online betting is the fastest growing segment over the forecast period. In fact, Chabot, machine learning, and AI (Artificial intelligence) have substantially taken over the market. Further, the convenience of cashless payment methods during gaming and increase in the number of female populations in casinos are likely to drive the online gambling industry.
Talking of the lottery segment, though lotteries are still very popular in Colombia, their revenues have progressively diminished as a result of competition from modern games, such as Baloto, which is an electronic lottery game managed by Coljuegos. With the popularity of modern games, the lottery segment might witness slow growth over the coming years.
Based on device type, the online gambling market is classified into desktop and mobile. The desktop device type segment will witness substantial growth over the coming years. The proliferation of sports betting ads across the world and ease of sports betting using desktop is expected to propel segment growth.
On the regional front, the Asia Pacific online gambling industry witnessed a significant upsurge in the industry recently due to the coronavirus pandemic. The strict lockdowns imposed by regional government authorities were responsible for majorly driving the adoption of online betting among APAC customers. In fact, according to the reports of illion Australia and AiphaBeta Australia, Australia witnessed a tremendous 67% rise in online gambling back in April 2020, after the country closed every non-essential service in Australia to keep the case count low. Likewise, the closing of land-based casinos has further resulted in a significant upsurge in the players using online casinos in countries like India.
Similarly, even Global Poker, the US-facing online poker room, reported a tremendous 43% growth in the adoption of online poker platforms across the United States after the lockdowns and social distancing mandates took effect. Additionally, the region observed an immense 255% rise in first-time players. Moreover, a lot of free time in the lockdown has compelled people to use online gambling platforms to pass time, which is majorly pushing the market landscape.
Key Companies covered in online gambling market are 888 Holdings PLC, Bet365 Group Ltd., BetAmerica, bet-at-home.com AG, Betfred, Betsson AB, Buffalo Partners, DraftKings Inc., Flutter Entertainment, GVC Holdings PLC, International Games Technology, Kindred Group PLC, Playtech PLC, Scientific Games, Sky Betting and Gaming, The Stars Group Inc., William Hill PLC.
Source: https://www.gminsights.com/pressrelease/online-gambling-market
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Aristocrat Interactive
Aristocrat Interactive Extends 13-year Relationship with Portugal’s SCML Through New iLottery Deal
Aristocrat Interactive announced a renewed agreement with Santa Casa da Misericórdia de Lisboa (SCML), the national lottery of Portugal, having signed a new three-year deal that ensures continued access to its complete portfolio of NeoGames Studio’s eInstant games for SCML players.
The extension builds on a more than a decade-long collaboration to enhance SCML’s digital instant win offering. Under the new agreement, NeoGames Studio will continue supplying its established library of industry-leading titles while maintaining a steady innovation pipeline to deliver new, entertaining eInstant games.
“This new agreement underscores the continued success of our long-standing work with Santa Casa da Misericórdia de Lisboa. Together, we will continue to deliver high-performing content that resonates with players, driving long-term value for SCML’s continued digital growth,” said Chris Shaban, Managing Director of Aristocrat Interactive iLottery.
The renewal further reinforces Aristocrat Interactive’s growing presence in Europe’s iLottery sector, with the business supporting 18 European lotteries with NeoGames Studio content that is either live or scheduled to go live.
“Our extension with Aristocrat Interactive reflects the strong appreciation Portuguese players have for NeoGames Studio high quality eInstant content,” said Dr. Ricardo Lavos, General Manager of the Games Department of Santa Casa da Misericórdia de Lisboa.
“The titles we have at our disposal have been a key driver of our digital offering, and we have full confidence in Aristocrat Interactive’s ability to continue delivering modern, responsible, and engaging experiences that meet our players’ expectations,” Dr. Ricardo Lavos added.
The post Aristocrat Interactive Extends 13-year Relationship with Portugal’s SCML Through New iLottery Deal appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
Exprexion
Flexion Launches Mobile Service Suite Exprexion
Games marketing company Flexion has announced the launch of Exprexion. This integrated suite of services provides game developers with a single point of entry to alternative app stores, creator-led marketing and direct-to-consumer sales.
The mobile gaming industry is entering a new era. After years of market domination by Google and Apple, game studios are looking for ways to be in command of their own destiny. High store taxes and rising acquisition costs have squeezed profits for too long. The Exprexion suite of services gives developers the freedom to innovate in market engagement and express their ideas directly to users, moving beyond the traditional constraints of the major app stores.
The Exprexion suite consists of three core services:
Exprexion Markets: This service manages all the technical and operational requirements of distributing games on alternative platforms including Amazon, Samsung, Huawei, Xiaomi and ONEstore. Flexion handles everything from integration to platform relations, typically adding more than 10% in incremental revenue. By taking on these tasks, Flexion reduces upfront and operational costs for developers while reducing risk.
Exprexion Creators: This service focuses on influencer-led marketing and social media strategy. By managing the creative process and relationships with influencers, Flexion helps studios find high-value players who engage with games through organic interest. This approach allows developers to reach bigger audiences through broader market channels and innovative user acquisition.
Exprexion Direct: This service enables developers to sell to their players no matter where those players are. By moving transactions outside of the major app stores, studios can make better margins and reclaim the 30% fee typically charged by platform owners. The service uses proven payment technology from trusted suppliers, like Xsolla, to ensure the buying experience remains smooth.
“The mobile industry has reached a point where the old methods of finding and monetizing players are no longer sustainable for many game studios. For years, developers accepted high fees and limited data access as the cost of doing business. Now, the emergence of a more open market and the shift toward direct-to-consumer relationships have changed the math. We launched Exprexion because the market is finally in a place where developers can feasibly run their own stores and distribution networks without the massive operational overhead that used to hold them back,” said Jens Lauritzson, CEO and Founder of Flexion.
Flexion’s technology, people and expertise are unique in the mobile market. The Exprexion services are fully integrated with one another, meaning each service perfectly complements the others. They can be combined seamlessly or used in any combination to generate profit and grow audiences bigger than ever before.
Flexion currently manages 37 top-grossing games. Four of these titles have reached the Top 10 grossing charts on Google Play. By providing a decentralised path to growth, Exprexion serves as a vehicle for a studio’s financial freedom.
The post Flexion Launches Mobile Service Suite Exprexion appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
BetWright
Leyton Orient fan wins £10,000 in BetWright crossbar challenge on League One final day
A Leyton Orient supporter won £10,000 after hitting the crossbar in BetWright’s Bangers N’ Cash Crossbar Challenge at half-time during Orient’s 2-2 draw with Burton Albion on Saturday, the final day of the League One season.
BetWright said Georgia Wallis was the first participant to hit the crossbar since Graham Pringle in January, ending what the company described as a stretch of near-misses in the half-time competition at the BetWright Stadium.
The operator said the promotion launched at the start of the season with a £3,000 jackpot and increased by £1,000 at each home fixture without a winner. Following Pringle’s January win, the pot reset to £1,000 for the next home match and then continued to rise by £1,000 per game, reaching £10,000 for the final fixture.
Georgia Wallis said: “As soon as I hit the ball, I thought – yeah, that’s the one! I’m absolutely buzzing! It felt really good – I thought I was going to fall over, so not doing that is a win in itself!
“My dad entered himself to do it every week and was never successful, then when he finally got the email he said, ‘I’m not doing it – you’re doing it’, so I had to step up!”
Yarry Troshchey of BetWright added: “We’ve had some unfortunate near-misses since Graham’s win earlier in the season, so it was fantastic to see Georgia finally step up and deliver on the final day of the campaign at the BetWright Stadium.
“To do so with the pressure of it being the last chance of the season makes it even more impressive, and it’s exactly the kind of moment the BetWright Bangers N’ Cash Crossbar Challenge is all about.
“We’re delighted for Georgia to take home the £10,000 prize and round off the season in style.”
Under the rules described by BetWright, participating supporters get one attempt to hit the crossbar. If they miss, they can pick one of three cards, with two offering a consolation prize and one providing a second attempt.
The post Leyton Orient fan wins £10,000 in BetWright crossbar challenge on League One final day appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
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