Online Gambling Market Trends
The trends are taking online gambling by storm. Its why most online casino including CasinoViking is looking into some online casino trends expected in 2020 to adopt them to improve service delivery. 9 Market Drivers, Challenges and Trends. 10 Global Online Gambling Market Forecast. 11 Key Players Analysis. 11.1.1 Company Details. 11.1.2 Online Gambling Product Offered. A trend that began with games such as Fortnite, popular in part because the gaming experience is as good on mobile as it is via a console or a laptop, will continue upwards in 2021 and beyond.
Global “Online Gambling Market” report provides detail analysis of all market dynamics including drivers restraints and Online Gambling market trends and opportunities. Using the industrial figures, the market finds growth figures between the forecast periods from 2019 – 2024. In order to present an executive-level model of the market and its future perspectives, Online Gambling Market report presents a clear segmentation based on different parameters. The factors that affect these segments are also discussed in detail in the report.
Following Companies Are Covered by Online Gambling Market
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Market Overview:
The online gambling market is predicted to reach USD 87.75 billion by 2024, registering a CAGR of 8.77%, during the forecast period (2019 – 2024). The online betting is the fastest growing segment during the forecast period. Artificial intelligence, Chabot, and machine learning have taken over the market. The rise in the number of female population in casinos and convenience of cashless mode of payment during the gaming are likely to boost the online gambling market, during the forecast period. Online gambling companies are likely to expand their sport betting options after sport betting was legalized in the United States by the Supreme Court, in 2018, which is further supporting the market’s growth. However, stringent regulations related to online gambling are expected to hinder the market growth rate.Scope of the Report:
The online gambling market includes gaming types, such as betting, bingo, lottery, casino, and other gambling games include poker and country-level games. The online gambling market by device type is categorized as mobile and desktop gambling games.The Research Document Will Answer Following Questions Such as:
- What are the cutting-edge technologies responsible for driving Online Gambling market growth?
- What are the main applications of the market? What are the growth prospects in to the Online Gambling market shares?
- At what stage of development are the key market products?
- What are the shortcomings that have to face to become commercially viable? Is their growth and commercialization dependent on cost declines or technological/application breakthroughs?
- What is the outlook for the Online Gambling market industry?
- What difference does performance characteristics of Online Gambling create from those of established entities?
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Key Market Trends:
Online Betting Holds a Prominent Share among the Online Gambling
The online betting segment is predominantly applied in the sports category, especially in events, such as FIFA World Cup and European Championships. Online betting is also popular in horse racing and greyhound racing. Many of the online sports betting companies are sponsoring different teams as a part of their marketing initiatives and strategic expansions. For instance, the bwin brand, a pioneering online sports brand across Continental Europe, attained global recognition through high-profile sponsorships with football clubs, such as Real Madrid and AC Milan. Similarly, for the 2018 World Cup, the Gaming Innovation Group (GiG) launched an advanced and innovative platform for sports betting, thereby driving the market.
North America Remains the Fastest Growing Region
The current legislation framework for online betting in the United States allows only bookmakers licensed in Nevada, Pennsylvania, and New Jersey to operate legally, as these are the three states where online betting is regulated. Pennsylvania is the fourth and biggest state to legalize and regulate online gambling. The new law allows for online casinos, online poker, sports betting, and more. New Jersey is currently the largest market for regulated online gambling in the United States. There are a number of sports books and online sports betting apps live in the state. Canada is largely an unregulated country in terms of online gaming. Whereas, Mexico is reviewing its gambling laws, with the aim to regulate the online gambling sector to bring it in line with the rest of the nation’s gambling industry.
Reasons for Buying Online Gambling Market Report:
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a five-year of Online Gambling market forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of Online Gambling market size.
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Detailed TOC of Online Gambling Market Report 2019-2024:
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
3.1 Market Overview
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter’s Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Gaming Type
5.1.1 Betting
5.1.2 Bingo
5.1.3 Lottery
5.1.4 Casino
5.1.5 Other Gaming Types
5.2 By Device Type
5.2.1 Desktop
5.2.2 Mobile
5.3 Geography
5.3.1 North America
5.3.1.1 United States (Pennsylvania)
5.3.1.2 United States (New Jersey)
5.3.1.3 Rest of North America
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Sweden
5.3.2.5 Spain
5.3.2.6 Italy
5.3.2.7 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 Oceania Countries
5.3.3.2 Rest of Asia-Pacific
5.3.4 Rest of the World
5.3.4.1 South America
5.3.4.2 Middle East
6 COMPETITIVE LANDSCAPE
6.1 Key Strategies Adopted
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Betsson AB
6.3.2 888 holdings Plc
6.3.3 GVC Holdings Plc
6.3.4 Kindered group Plc
6.3.5 Paddy Power Betfair Plc
6.3.6 Cherry AB
6.3.7 William Hill Plc
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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Online Gambling Market Trends Weekly
Dublin, Nov. 10, 2020 (GLOBE NEWSWIRE) -- The 'North America Online Gambling Market- Growth, Trends and Forecast (2020-2025)' report has been added to ResearchAndMarkets.com's offering.
The North America online gambling market is projected to register a CAGR of 14.78% during the forecast period (2020 - 2025).
Casino gambling has been one of the rapidly growing gambling categories, owing to the convenience of usage and optimal user experience. With the advent of technology, there has been a widespread implementation of virtual reality, block chain, and mobile platforms in the gambling industry across the region.
The current legislation framework for online betting in the United States allows only bookmakers licensed in Nevada, Pennsylvania, Delaware, and New Jersey to operate legally, as these are the four states where online betting is regulated.
Custom slot types are trending the most in the market, owing to the scope of innovation and personalization by consumers. Moreover, live casinos have gained popularity over the recent past, as they involve a wide deal of live dealers and real-time feedback that help improve the real-world casino experience.
Key Market Trends
Online Sports Betting Holds a Prominent Share among the Online Gambling
The online betting segment is predominantly applied in the sports category, especially in events, such as FIFA World Cup and European Championships. Some of the popular online sport betting includes football, horse racing, e-sports and other sports bettings. With an aim to gain competitive advantage in sports betting, players are entering into long-term partnerships and agreements.
For instance, in June 2019, the National Basketball Players Association and gaming supplier Highlight Games entered into a partnership for a simulated, real-money sports gambling product using NBA highlights and footage. The product is expected to be called 'NBA Last 90.' The product is set to debut in the US and European gaming and lottery markets during the 2019-20 NBA season. Costa Rica has long been a major hub for sports betting.
Canada is The Largest Market
Canada is largely an unregulated country in terms of online gaming. The Canadian Gaming Commission oversees the industry as a whole in Canada, offering information and responding to any serious issues that arise. Laws pertaining to casinos, online gaming, sports betting, and other similar activities are enacted and enforced by individual provinces.
The Canadian Gaming Association estimates that the unregulated internet gambling market currently generates around CAD 1 billion in revenues annually, and that those revenues are distributed fairly and evenly between sports betting, casino gaming, and poker. It has been observed that 75%-85% of people in Canada gamble in some form, whether it be charitable gambling or online poker, or any number of other options. Participation in some provinces, like nova Scotia and Saskatchewan, is higher than in other places.
Competitive Landscape
The North America online gambling market is a highly fragmented market and comprises regional and global players such as 888 Holdings PLC, William Hill PLC, Caesars Entertainment Corporation and others. Major players are focusing on mergers and acquisitions to expand their presence in the regional market and to enhance their brand portfolio to cater to various preferences of the consumers. Merger and acquisition is the most preferred strategy in the casino gambling market.
The key players are also entering into partnerships/agreements to enhance their offerings. Moreover, these players are also focusing to launch their offering in the new potential markets. For instance: In 2018, 888 Holdings PLC launched a new portfolio of live dealer casino games in New Jersey, as part of the continued expansion of its business in the Garden State.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 By Game Type
5.1.1 Sports Betting
5.1.2 Casino
5.1.2.1 Live Casino
5.1.2.2 Slots
5.1.2.3 Baccarat
5.1.2.4 Blackjack
5.1.2.5 Poker
5.1.2.6 Other Casino Games
5.1.3 Other Game Types
5.2 By End Use
5.2.1 Desktop
5.2.2 Mobile
5.3 By Geography
6 COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 William Hill PLC
6.4.2 Golden Nugget
6.4.3 MGM Resorts International (Borgata Hotel Casino & Spa)
6.4.4 Flutter Entertainment PLC
6.4.5 Caesars Entertainment Corporation
6.4.6 Wild Casino
6.4.7 El Royale Casino
6.4.8 DraftKings
6.4.9 888 Holding PLC
6.4.10 Slots Empire Casino
6.4.11 The Stars Group Inc
6.4.12 BoVegas
6.4.13 Cherry Gold Casino
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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