Connect with us

Latest News

Online Gambling Market to Touch USD 158.20 Billion by 2028; Soaring Popularity of Virtual Gaming Platforms to Catalyze Market Growth: Fortune Business Insights™

Published

on

Reading Time: 3 minutes

The global online gambling market size is projected to reach USD 158.20 billion by 2028, exhibiting a CAGR of 11.4% during the forecast period. This information is given by Fortune Business Insights in a new report, titled, “Online Gambling Market, 2021-2028.”  As per the report, the market was USD 66.72 billion in 2020.

Quick Adoption of Online Gambling amid COVID-19 to Boost the Market

The global health and economic crisis triggered by the COVID-19 pandemic forced governments in several countries to impose strict lockdowns and social distancing measures. Companies rapidly adopted remote working models, leading to huge portions of working populations working from home. With most non-essential services and places, including casinos, being closed down, gamers and gamblers have swiftly shifted to virtual platforms, boosting the online gambling market growth in the process. For example, an article published by New York University revealed that digital gambling platforms have gained speedy momentum in Canada after the coronavirus broke out. In Australia, according to a report by Concordia University, Canada, spending on online casinos rose sharply by 67% in April 2020. The coronavirus pandemic has, thus, proved favorable for this market, enabling it to register a healthy CAGR of 11.2% and reach a value of USD 74.17 billion in 2021.

Market Segments

Based on type, the market has been classified into sports betting, casinos, poker, lottery, bingo, and others, with the lottery segment holding a share of 15.1% in the global market and a share of 15.4% in the UK market in 2020.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

On the basis of devices, the market segments include desktop, mobile, and others. By region, the market has been divided into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

Highlights of the Report

The report offers a granular examination of the various factors shaping the growth trajectory of the market, as well as a holistic analysis of the hindrances obstructing the market. Furthermore, a microscopic study of the regional and competitive dynamics influencing the market has also been provided in the report, along with an in-depth assessment of the individual market segments. The insights contained in the report are based on industry-leading research conducted through primary, secondary, and tertiary sources.

Driving Factor

Introduction of Sophisticated Technologies in Virtual Gambling to Fuel the Market

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Advanced, intelligent technologies, such as artificial intelligence (AI) and blockchain, are being increasingly employed by online gambling platforms to ensure a secure and safe space for enthusiasts. Heralding this trend are startups that are developing and offering novel gambling platforms powered by smart technologies. For example, Edgeless, which was started in 2018, became the first Ethereum-based virtual casino that uses distributed ledger technology to ensure payouts. Similarly, Tombola is a popular lottery and gambling platform driven by cryptocurrency and other blockchain-enabled tools. Another example is the Canada-based startup, Quarter4, which leverages AI to offer simulations, content, and predictions for sports bettors. The incorporation of new-age solutions in digital gambling is, thus, opening new pathways of development for this market.

Regional Insights

Europe to Headline the Global Market, Forecasts Fortune Business Insights

Europe is expected to dictate the online gambling market share during the forecast period on account of the heavy investments being made by sports enthusiasts across the continent in online sports betting. Moreover, a healthy betting culture in Europe will further bolster the prospects of the market in the region. In 2020, the Europe market size stood at USD 30.92 billion.

The presence of secure connectivity infrastructure and strong gambling regulations will propel North America in the second-leading position in the market in terms of revenue generation. On the other hand, growing investments in online gambling in South America, driven by regulations in Colombia and Argentina, are anticipated to speed up the expansion of the market in this region.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Competitive Landscape

Key Players to Strengthen Businesses through Innovative Collaborations

With online gaming picking up pace amid the COVID-19 pandemic, key players in this market are entering into strategic collaborations with gambling industry giants to deepen their market footprint. These companies are engaging in developing innovative online gambling platforms to attract gamblers and gain momentum in this rapidly evolving market space.

Industry Developments:

  • December 2020: BetMGM launched the BetMGM Casino in Pennsylvania, with an aim to bring its online gambling portfolio to players in the state. The platform will offer sophisticated mobile casino games, which will be available on iOS, Android, and desktops.
  • February 2020: CBS Sports and William Hill inked a deal under which William Hill will become the exclusive provider of Wagering Data and Sports Book across all CBS Sports platforms. The partnership will integrate sports betting, media, and technology to enhance fan engagement.

List of Key Players Covered in this Market Report:

  • Slots Heaven Casino (Slots Heaven Casino)
  • Sky Betting & Gaming (Leeds, United Kingdom)
  • SPIN Casino (Canada)
  • DraftKings Inc. (Massachusetts, United States)
  • Betfred (Warrington, United Kingdom)
  • BetAmerica (California, United States)
  • LeoVegas AB (Stockholm, Sweden)
  • Betsson AB (Stockholm, Sweden)
  • StarsGroup.com (Ontario, Canada)
  • Kindred Group Plc. (Valletta, Malta)
  • Mansion Casino (Gibraltar)
  • Evolution Gaming AB (British Columbia, Canada)
  • Scientific Games Corporation (Nevada, United States)
  • Buffalo Partners (New York, United States)
  • bet-at-home.com AG (Germany)
  • 888 Holdings PLC (Gibraltar)
  • Bet365 (Stoke-on-Trent, United Kingdom)
  • Flutter Entertainment Plc. (Dublin, Ireland)
  • William Hill Plc. (London, United Kingdom)
  • Entain plc (GVC Holdings Plc.) (Douglas, Isle of Man)

Powered by WPeMatico

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
Continue Reading
Advertisement

Latest News

Elantil extends marketplace options with Zimpler integration

Published

on

elantil-extends-marketplace-options-with-zimpler-integration
Reading Time: 2 minutes

 

Elantil extends marketplace options with Zimpler integration

Revolutionary platform solutions provider joins forces with game-changing payment company to bring state-of-the-art financial services to operators

Having already significantly increased the range of games and sportsbook options available via its innovative online marketplace, disruptive platform solutions provider, Elantil, has announced it’s now branched out into payment services after partnering with Zimpler.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Founded in 2012 in Stockholm, Zimpler has grown into one of the industry’s leading Pay by Bank providers, and is today the fastest growing Pay by Bank network in the Nordics. With a wallet-free, direct-to-bank solution that delivers instant, secure, and high-converting transactions, Zimpler helps iGaming operators move faster, stay compliant, and outperform in the market.

Connected to over 350 million bank accounts across 25 markets and processing more than €2.6 billion annually, Zimpler simplifies payments for regulated iGaming operators. With a single integration, Zimpler delivers instant, compliant, and conversion-optimized transactions, helping businesses move faster while lowering risk exposure.

At the heart of this is Zimpler Go, a Pay & Play solution that combines instant deposits with real-time KYC, enabling seamless player onboarding and transfer in seconds. It’s become a go-to in regulated markets like Estonia, where speed, trust, and compliance define success.

Having now joined Elantil’s Marketplace, Zimpler’s full suite of financial services will be available to operators via a simple one-click integration, with the freedom to reach out to the supplier directly and form their own contracts without Elantil dictating terms.

Operators can now connect instantly, no middleman, no delays. Once an agreement is finalised, all they need to do is enter the credentials provided by Elantil. This streamlined process eliminates extra fees and ensures new partnerships go live without unnecessary hold‑ups.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

In this way, they can immediately begin benefiting from an instant bank solution that offers fast and secure payments, making it another significant addition to Elantil’s Marketplace that again promises to put control back in the hands of the operators.

John Debono, Chief Technical Officer at Elantil, said: “When we launched Elantil’s Marketplace, our ambition was clear: to offer more than just a content aggregator. We wanted a true one‑stop shop where operators can seamlessly connect with the industry’s top service providers. Integrating Zimpler—especially their Pay by Bank solution in regulated markets like Estonia—adds a powerful new dimension. It underscores our dedication to regulated, reliable providers and expands the toolkit we offer operators, ensuring we deliver the most complete and compliant service possible.”

Sarah Nunn, Partnership Manager at Zimpler, “Partnerships like this are how we bring smarter financial solutions to the forefront. The Elantil team has built an impressive platform with real momentum, and we’re excited to contribute by making seamless, compliant payments more accessible to operators. Together, we’re helping businesses scale faster with fewer barriers and greater confidence.”

The post Elantil extends marketplace options with Zimpler integration appeared first on European Gaming Industry News.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
Continue Reading

Latest News

MrQ leads on player verification with ClearStake partnership

Published

on

mrq-leads-on-player-verification-with-clearstake-partnership
Reading Time: < 1 minute

 

Fast-growing UK operator MrQ has integrated ClearStake’s new player verification product, ID by Bank, as it takes the lead in reducing document fraud and drop-offs at registration.

The partnership sees MrQ adopt the next-generation verification solution, enabling players to confirm their name, address and date of birth in real-time using their banking app, without the need to upload physical documents.

MrQ CEO Savvas Fellas, said: “ClearStake has utilised the open banking technology in a way that is needed. Not just for operators like MrQ but for players too. Players are aware of this technology and we need to keep up with expectations and suspend any of our beliefs around the utility of it. ClearStake is doing a great job at pushing the boundaries of what can be done with the technology available.”

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Martin Burt, CEO at ClearStake, added: “MrQ has a well-earned reputation for putting the player experience first, so we’re delighted to partner with them. ID by Bank is a product designed to solve the biggest problems operators face with verification, particularly fraud prevention and the speed of processing physical documents.”

ID by Bank is the latest innovation from ClearStake, the digital due diligence specialists for the iGaming industry.

It is designed to combat rising levels of identity fraud and significantly reduce player drop-off during the KYC and CDD processes. The solution fits the UK Gambling Commission’s AML requirements for customer due diligence, while also delivering a smoother and more secure user experience.

The post MrQ leads on player verification with ClearStake partnership appeared first on European Gaming Industry News.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
Continue Reading

Conferences in Europe

2025 Gaming in Germany Conference to address black market data, business developments & more!

Published

on

2025-gaming-in-germany-conference-to-address-black-market-data,-business-developments-&-more!
Reading Time: 2 minutes

 

The 2025 Gaming in Germany Conference, set to take place Tuesday, November 11, 2025, will once again be THE place to get the latest information on Germany’s online gambling market.

Speakers & topics

The Gaming in Germany Conference is an annual event for everyone who is professionally involved in Germany’s regulated online gambling industry.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

The conference will cover topics such as the latest regulatory developments (including the upcoming review of the 2021 State Gambling Treaty), IP blocking, black market growth, player protection, marketing, compliance, and much more.

Confirmed speakers include:

  • Jörg Hofmann, Senior Partner, Melchers Law
  • Senior GGL representative
  • Senior ZEAL representative
  • Mathias Dahms, President, DSWV
  • Dirk Quermann, President, DOCV
  • Christian Heins, Director iGaming, Tipico
  • Birgitte Sand, CEO, Birgitte Sand & Associates
  • Josh Hodgson, COO, H2 Gambling Capital

Willem van Oort, Founder of Gaming in Germany, commented: “Like in many other European markets, calls for stricter regulations have put black-market growth in the spotlight. In Germany in particular, there exists significant controversy about the true market share of offshore operators. We intend to share specific and concrete data at this year’s conference. We are very happy that the German regulator will be present, as well as all the major industry voices. If you are in any way interested in the future of the German iGaming market, this event is not to be missed.”

Business operations & breakout sessions

In addition to high-level regulatory and policy-related information, the 2025 Gaming in Germany Conference also offers profoundly practical information on topics such as KYC, AML, data protection, payment solutions, and much more. Breakout sessions will be hosted by trained experts and are highly interactive.

Get practical information to give your day-to-day operations a boost!

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Call for speakers

If you are interested in delivering a presentation or participating in a product or service-themed breakout session, please contact Gaming in Germany founder Willem van Oort for more information regarding opportunities and possibilities.

We are specifically looking for expertise on business topics such as media & marketing, affiliation, compliance, and operations.

Practical information

The 2025 Gaming in Germany Conference takes place Tuesday, November 11, 2025, at the DoubleTree Hilton Ku’damm in Berlin – just 100 meters from the magnificent Kurfürstendamm!

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Registration for the event is now open: https://bit.ly/GiGC2025

See you in Berlin!

The post 2025 Gaming in Germany Conference to address black market data, business developments & more! appeared first on European Gaming Industry News.

Continue Reading

Trending

Get it on Google Play

Fresh slot games releases by the top brands of the industry. We provide you with the latest news straight from the entertainment industries.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - Recent Slot Releases is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania