Connect with us

Latest News

Global Online Gambling Market & Betting Market Size Worth $ 145.6 Billion by 2030 at a 12% CAGR: Custom Market Insights

Published

on

Colorado Approves $1.5 Million to Combat Problem Gambling

 

The Custom Market Insights has published a new research report titled “Online Gambling & Betting Market Size, Share, Growth Analysis Report By Game Form (Poker, Casino, Bingo, Sports Betting, Lottery, Others), By Device (Desktop, Mobile, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2022–2030” in its research database.

“According to the latest research study, the demand of global Online Gambling Market & Online Betting Market size & share was valued at approximately USD 58.2 Billion in 2021 and is expected to reach a value of around USD 145.6 Billion by 2030, at a compound annual growth rate (CAGR) of about 12% during the forecast period 2022 to 2030.”

The global Online Gambling & Betting market research report offers an in-depth analysis of the global market size, further segmented into the regional and country-level market size and segmentation market growth. Also, it provides the market share, sales analysis, competitive landscape, the impact of domestic and global market participants, trade regulations, value chain optimization, recent key developments, strategic market growth analysis, opportunities analysis, product launches, and technological innovations.

Online Gambling & Betting Market: Overview
Online gambling is referred to as internet betting or internet gambling, comprising online games. In other words, any gambling conducted over the internet is online gambling. These include betting on live or virtual games. Online Gambling & Betting involves three elements, i.e., consideration, risk, and a prize. Online Gambling & Betting services enable users to risk their money.

(A free sample of the Online Gambling & Betting Market report is available upon request; don’t hesitate to contact us for more information.)

 Our Free Sample Report Consists of the following:

  • Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
  • The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
  • About 220+ Pages Research Report (Including Recent Research)
  • Provide detailed chapter-by-chapter guidance on request
  • Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022
  • Includes Tables and figures have been updated
  • The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis. 
  • Custom Market Insights (CMI) research methodology

The Online Gambling & Betting market is propelled by the rising smartphone, increasing internet penetration, and growing spending capabilities of individuals.

Additionally, the players operating in the market constantly invest in new technology to improve the overall user experience, thus keeping the players engaged. Further, the market is expected to boost with the involvement of female casino patronage and cashless payment methods. Also, virtual reality and blockchain technologies are anticipated to fuel the growth of the Online Gambling & Betting Market. Moreover, operators provide exciting promotions and tournaments to attract newcomers.

This includes bonus cash programs or varied betting options. This, in turn, supports the growth of the market. Also, the rising number of sports events is fueling sports betting options.

Segmental Overview

The market for Online Gambling & Betting is the segmented game type and device. By game type, sports betting is estimated to hold the largest market share in 2021. The growth in various sports events, such as boxing, baseball, handball, and basketball, is boosting the market for sports betting. Based on the device, the mobile phone segment is dominating the market.

Most operators in the Online Gambling & Betting market are offering mobile phone app-based platforms to customers. These apps are user-friendly, which is propelling market growth. Also, the widespread use of smartphones and the rise in internet penetration are boosting the Online Gambling & Betting Market.

Key Players Insights

Our market analysis on Online Gambling & Betting also involves a separate section dedicated to major players operating in the market. Our analysts offer an understanding of the financial statements of all the key participants, their product portfolios and SWOT analysis. Moreover, the report also offers a competitive landscape chapter, including strategic key development, market share, and global market ranking analysis of the players mentioned.

Some of the prominent players

  •  Bet365
  •  GVC Holdings PLC
  •  William Hill
  •  Paddy Power Betfair PLC
  •  Ladbrokes Coral Group PLC
  •  Betsson AB
  •  The Stars Group Inc.
  •  Sky Betting and Gaming
  •  888 Holdings PLC
  •  Kindred Group PLC

Latest News

Hacksaw Gaming Scores Again in New Market – Another Exciting Launch with Betsson Group to Fire Up Buenos Aires!

Published

on

Hacksaw Gaming Scores Again in New Market - Another Exciting Launch with Betsson Group to Fire Up Buenos Aires!

 

Following a long standing partnership formed in 2021, Hacksaw Gaming and Betsson Group have surpassed some major milestones together. Showcasing our vibrant portfolio of games in markets such as the UK, Croatia, Greece, Italy, Denmark, Estonia and Mexico, our relationship with Betsson is an ever developing one.

Buenos Aires is a vibrant regulated market with significant potential for growth within the digital online gaming community. Players can now enjoy unique and innovative games such as Wanted Dead or a Wild, Le Bandit and R.I.P City for the first time ever, and we can’t wait for them to immerse themselves in the Hacksaw experience.

Impressively, this is our third expansion with Betsson in the last 4 months, having gone live with many fan favourites in both Croatia, Spain and now Buenos Aires. Equally noteworthy, looking at Betsson’s multiple brands Nordicbet, Betsafe, Europebet, Starcasino.IT and Casinoeuro to name a few, it’s not difficult to see why they’re one of the biggest fish in the vast online gaming ocean.

Founded in 1963 and starting off their industry leading operations with just a humble slot machine, Betsson Group is now an industry pioneer with licences in 23 jurisdictions. “We couldn’t be more thrilled to mark another pivotal moment in our partnership with Hacksaw Gaming.” Kevin Saliba – Commercial Director, Business Development went on to say, “This latest launch not only strengthens our bond but also promises to elevate the gaming experience for our players in Buenos Aires, who are in for a treat with Hacksaw’s exceptional portfolio of games.”

Marcus Cordes, Hacksaw Gaming CEO is just as delighted with the growth – “Expanding on what Betsson has stated, we’re elated to extend our game offerings to yet another jurisdiction of their esteemed players. Looking toward the journey ahead, we’re eager to further enrich their gaming experience in the days to come.”

Looking forward we can only imagine the possibilities ahead with Betsson.

Continue Reading

Latest News

Pragmatic Play Prepares for GAT Cartagena Gaming Week 2024

Published

on

Pragmatic Play Prepares for GAT Cartagena Gaming Week 2024

 

Pragmatic Play is set to make another appearance at a Latin American exhibition, at GAT Expo in Cartagena de Indias, Colombia.

Taking place across three days from April 9 to 11, the event sees iGaming professionals gather at the Las Americas Convention Center for the 25th anniversary of the trade show.

GAT Expo Cartagena marks the third summit attended by the provider in Latin America this year, with “Pragmatic Play Experience”, as it keeps making headway and impressing industry delegates from across the region.

The gaming provider will be on stand A31 and A32 to showcase its diverse portfolio, including Slots, Live Casino, Virtual Sports and Bingo content, alongside its new Sportsbook offering.

Pragmatic Play will also be a premium sponsor of the event, emphasising the significance of such industry events and the important role the leading provider plays in them.

Victor Arias, Vice President of Latin American Operations at ARRISE powering Pragmatic Play, said: “Pragmatic Play is thrilled to once again be part of the vibrant Latin American gaming community at GAT Expo Cartegena and is proud to be a premium sponsor of the event.

“With the diverse multi-product portfolio and rapid growth in LatAm, it is set to be an exciting week of iGaming showcases and opportunities.”

Continue Reading

Gambling in the USA

New Trade Association Launches Unprecedented Effort to Strengthen Responsible Online Gaming, Promote Best Practices

Published

on

New Trade Association Launches Unprecedented Effort to Strengthen Responsible Online Gaming, Promote Best Practices

 

The Responsible Online Gaming Association (ROGA), an independent trade association launched by seven of the largest U.S. legal mobile gaming companies, will actively promote a new industry-wide best practices charter, overseen by one of the world’s foremost experts in the field of responsible gaming (RG).

This unprecedented effort will be led by Dr. Jennifer Shatley, a deeply respected responsible gaming executive with more than 25 years of experience in the industry. She will serve as ROGA’s full-time Executive Director, and her role will be to facilitate widespread education to all relevant parties on the subject of responsible gaming.

ROGA will embark on a series of initiatives under Dr. Shatley’s direction. These include research, consumer and industry responsible gaming education and awareness, promoting responsible gaming best practices, an independent data clearinghouse, and an independent certification program.

Demonstrating their commitment to this endeavor, initial member companies – who together represent more than 85% of the legalized online sports betting and iGaming industry – have pledged more than $20 million in support of ROGA’s mission in year one. ROGA’s member companies include BetMGM, bet365, DraftKings, Fanatics Betting and Gaming, FanDuel, Hard Rock Digital, and PENN Entertainment.

“I am humbled, honored, and excited to be selected to lead ROGA during this important period of growth in legalized mobile gaming. Many of America’s largest legal mobile gaming operators will be establishing a framework that helps to aid in responsible gaming education and awareness. Together, our members will work alongside researchers, experts, regulators and stakeholders to promote responsible online gaming and maximize our efforts to support additional responsible gaming education and awareness. By coming together with a clear set of objectives, ROGA and our members will work to enhance consumer protections and help provide easier and more efficient access to responsible gaming tools for consumers to enjoy the entertainment of online gaming,” said Dr. Shatley.

Continue Reading

Trending

GamingAmericas.com (part of HIPTHER) is your one-stop portal for the latest news, insights, and analyses in the gaming industry across the Americas. From legislative updates and market trends to interviews with industry leaders, we provide a comprehensive look at the dynamic landscape of both online and land-based gaming. Whether you're a stakeholder looking to stay ahead of the curve or a gaming enthusiast eager for reliable updates, GamingAmericas.com has got you covered. Follow us on social media and subscribe to our newsletter for real-time updates and exclusive content. Make informed decisions and stay ahead in the game with GamingAmericas.com.

Disclaimer: All the information provided is for educational and entertainment purposes only. Always check your local laws before participating in any gaming activities.

Copyright © 2018 – 2024, HIPTHER. All Rights Reserved.