Latest News
Online Gambling & Betting Market Size worth $ 182.2 Billion by 2031 – TMR Study

Transparency Market Research Inc. – The study analysts observed the growing popularity of online betting games involving of offering real money through online casinos. Online gambling companies are reaping revenue streams from the growing market value of the online gambling & betting, which is forecast to reach US$ 182.2 Bn by 2031. The demand analysis of online gambling & betting market has underscored the growing trend of smartphone-based gaming globally and rapidly increasing adoption of mobile instant messaging.
Many companies engaged in online casinos are keenly looking to leverage recent innovations in gaming technologies in a bid to enchant gamers. Furthermore, most key players in online gambling & betting market are leaning on constantly building up their brand equity through promoting these technologies and various benefits they bring to gamers, such as access to real-time analytics.
Key Findings of Online Gambling & Betting Market Study
- Growing Popularity of Online Sports Betting Pivots Tremendous Growth Opportunity: Rising inclination toward online sports betting is expanding the canvas for generating revenues in online gambling & betting market. Growing awareness of the sites that allow online sports betting has catalyzed the expansion of market opportunities.
- Rising Adoption of Smartphone-Based Gaming Generating Sizable Revenues: Penetration of smartphones and low-cost internet services has enabled online gambling companies to expand their product portfolio notably in emerging economies of Asia Pacific. The popularity of fantasy sports and focus on expanding the reach for audience for football and cricket have led to several profitable avenues for players in the online gambling & betting market.
- Commercialization of VR-based Headsets and Immersive Technologies Fueling Market Prospects: A slew of products that help gamers to immerse themselves in the activities have been widely commercialized and adopted. Stridently, virtual reality (VR) technology-enabled headsets have gathered traction, thus fueling the prospects of online gambling & betting market. Of note, online poker tournaments are gathering steams, thus expanding profitable avenue.
Online Gambling & Betting Market: Key Drivers
- Relaxation of laws and regulations on online gambling & betting in several developing and developed nations is a key driver of the expansion of market prospects. Especially online casinos had struck a favorable chord with consumers during the COVID-19 pandemic lockdowns.
- Cost-effective access to high-speed internet is a key pivot for the online gambling & betting market growth. Rise in popularity of internet-based gambling is invigorating demand.
Online Gambling & Betting Market: Regional Growth Dynamics
- The TMR study found that Europe led the global market in 2021, as it accounted for a major share. North America has also been a lucrative region in online gambling & betting market. In this regard, growing adoption of immersive technologies for online gambling & betting is boosting the U.S. online gambling market size.
- Asia Pacific online gambling & betting market is projected to expand at a remarkable growth rate during the forecast period of 2022 – 2031. Favroable legal framework in several economies is a key underpinning for revenue growth in the regional market in recent years. Apart from this, penetration of low-cost internet services in the region has accelerated the prospects of sports betting and gambling for market players.
Online Gambling & Betting Market: Competition Landscape
Firms are increasingly geared toward strengthening their online sports betting platforms reinforced by sponsorship in popular sports, which boosted their online gambling & betting market shares. The competition landscape is now characterized by high consolidation owing to relatively few large players holding majority of the stakes.
Some of the key market players are William Hill plc, Mybet Holding, Betsson AB, Kindred Group, The Betway Group, Betfred Ltd., Bet365 Group Ltd, GVC Holdings Plc, Fortuna Entertainment Group, The Stars Group, and 888 Holdings plc.
Online Gambling & Betting Market Segmentation
- Gaming Type
- Poker
- Casino
- Social Gaming
- Lottery
- Bingo
- Fantasy Sports
- Sports Betting
- Football
- Rugby
- Basketball
- Hockey
- Cricket
- Others (Baseball, Cycling, etc.)
- Device Type
- Desktops & Laptops
- Mobiles & Tablets
- Gaming Source
- Foreign Gaming Sources
- Local Gaming Sources
Regions Covered
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
Consumer Goods Research Reports
Sports Betting Market – The global sports betting market is expected to reach US$ 653.5 Bn by the end of 2031, grow at a CAGR of 9.8% from 2022 to 2031
Internet Sports Betting Market – The Internet sports betting market is projected to expand at CAGR of 12.1% during the forecast period 2021–2031
Sports Betting Kiosk Market – The global sports betting kiosk market is expected to register a CAGR of 7% between 2019 and 2027
Virtual Reality in Gaming Market – The global virtual reality in gaming market is expected to reach US$ 86.22 Bn by the end of 2031, grow at a CAGR of 32.3% from 2022 to 2031
Smart Card Market- Smart Card Market is expected to reach US$ 33.5 Bn by the end of 2031
Commercial Drones Market- Commercial Drones Market is expected to cross the value of US$ 11.30 Bn by the end of 2031
Smart Toys Market- Smart Toys Market is expected to cross the value of US$ 54.1 Bn by the end of 2031
Adult Entertainment Market- Adult Entertainment Market to reach US$ 300 Bn by 2030
Latest News
PENN Entertainment Announces Plans for New Land-Based Hollywood Casino to Replace Riverboat Gaming Operations in Council Bluffs, Iowa

PENN Entertainment Inc. announced plans for an expected $180–$200 million project to relocate its Ameristar Casino Hotel Council Bluffs (Ameristar) riverboat casino operations to a new, state-of-the-art land-based property to be rebranded as Hollywood Casino Council Bluffs (Hollywood Council Bluffs). The proposal is approved by the Iowa Racing and Gaming Commission in conjunction with a 15-year extension of Ameristar’s partnership with the nonprofit Qualified Sponsoring Organization (QSO) Iowa West Racing Association. All commercial operators in Iowa are required to have an operating agreement with a QSO licensed to conduct gaming operations.
Under the proposed plan, the new Hollywood Council Bluffs is expected to include roughly 125,000 square feet of new development with approximately 58,000 square feet of gaming space. The new facility will complement the existing ESPN BET sportsbook, 160-room hotel and dining options in the landside portion of the current infrastructure. The existing riverboat, which presently offers gaming spread out over three levels, will be vacated upon opening of the new property.
“We are pleased to add another landside relocation to our pipeline of development projects. This project will enhance the quality and efficiency of our Council Bluffs location and significantly improve the property’s competitive positioning in the greater Omaha market. PENN’s diversified portfolio of casino properties is core to our omni-channel approach to entertainment, which combines our best-in-class retail operations and a database of more than 32 million PENN Play members with our robust interactive and media footprint. We thank the Iowa Racing and Gaming Commission for their approval today and are grateful for the continued collaboration with our partners at the Iowa West Racing Association,” said Todd George, Executive Vice President of Operations for PENN.
“We are thrilled with the exciting development plans for the new Hollywood Casino Council Bluffs. For nearly thirty years, the Ameristar riverboat has been providing not only dining and entertainment, but thousands of jobs and millions of dollars in support of our community. PENN’s commitment to reinvesting in Council Bluffs is laudable and we are grateful for our ongoing partnership,” said Brenda Mainwaring, President & CEO of the Iowa West Racing Association.
Construction of the new facility is expected to take approximately 18-24 months following the design and permitting approval process. The Company is entitled to obtain financing for the project from Gaming and Leisure Properties Inc. (GLPI) of up to $150 million at a 7.10% cap rate, which may be structured at PENN’s option as either rent or a 5-year term loan that is pre-payable at any time without penalty.
Latest News
PrizePicks Teams Up with San Francisco Giants as Official DFS Partner

PrizePicks, the largest daily fantasy sports operator in North America, announced that it has been named the Official Daily Fantasy Partner of the San Francisco Giants. The new partnership strengthens the DFS leader’s presence in professional baseball and features digital and in-park activations at Oracle Park.
“We are thrilled to team up with a legendary organization like the San Francisco Giants. PrizePicks is committed to bringing unique experiences to our players around the country and is excited to strengthen our connection with baseball fans in San Francisco and across the United States,” said Mike Quigley, Chief Marketing Officer at PrizePicks.
As part of the multi-year partnership, PrizePicks branding will be showcased prominently throughout Oracle Park with rotating signage behind home plate and LED signage on each baseline. PrizePicks logos will be featured across the K-Counter in right field, creating an interactive experience for fans in the ballpark. Fans seated on top of the right field wall near the strikeout counter will have the opportunity to flip over the PrizePicks branded signs, revealing a “K” for each strikeout earned by a Giants pitcher.
When Giants pitchers combine for 12 strikeouts in a home game, fans can participate in a text-to-enter promotion with the chance to win a $12,000 free PrizePicks lineup and tickets to a future Giants game at Oracle Park.
“The Giants are always looking for innovative ways to enhance the fan experience. Partnering with PrizePicks provides our fans with new ways to engage with us and deepen their connection to both the Giants and baseball,” said Jason Pearl, Chief Revenue Officer at the San Francisco Giants.
Latest News
Station Casinos to Launch its First STN Sportsbook at Treasure Island Las Vegas on the Strip

Station Casinos, the leader in Nevada’s retail sportsbooks and mobile sports betting, has announced a new partnership with Treasure Island Las Vegas Hotel & Casino and will launch a brand-new STN Sportsbook inside the resort at The Golden Circle — the company’s first full-scale sportsbook on the famed Las Vegas Strip. Following final approval of Nevada Gaming Commission hearing, the new book will open April 29.
As part of this breakthrough partnership, Station Casinos brings its STN Sportsbook location to the Golden Circle. The 3089-square-foot book features 74 high-definition screens throughout the space, ranging from 55” to 85” displays, plus video walls providing immersive viewing of every sporting event. Sports enthusiasts will also enjoy a new eight-kiosk layout, convenient mobile sign-up stations for STN Sports accounts, and TI’s always- free parking.
“We couldn’t be more excited to embark on this historic partnership with Station Casinos. This collaboration underscores our commitment to providing exceptional hospitality and entertainment, now integrated with Station Casinos’ innovative approach to sports betting. The STN Sportsbook at Treasure Island will offer an unparalleled betting experience with cutting-edge technology and deluxe amenities, and we can’t wait to introduce it to our guests,” said Najam Khan, Executive Vice President and General Manager of Treasure Island.
This premium sportsbook experience will be seamlessly integrated with Treasure Island’s Golden Circle – a unique sportsbook in Las Vegas situated within a bar and restaurant that features an authentic sports museum. This distinctive atmosphere allows guests to enjoy premium food and beverage offerings as they become immersed in captivating sports memorabilia all while watching live sporting events.
“We are thrilled to be launching our first full-scale sportsbook operation on the Las Vegas Strip, and we are so grateful to the Nevada Gaming Control Board and Commission for granting this approval. Through this partnership with Treasure Island, we will be able to bring the energy, innovation, and hospitality of STN Sports to the property’s guests, and we are excited for the opportunity to further our commitment in providing the best sports betting experience across Nevada,” said Jason McCormick, Vice President of Race and Sports Operations.
Known for elevating the sports betting experience, the new STN Sportsbook at Treasure Island will bring new offerings to sports bettors on The Strip, including:
Wagering Enhancements – Bettors will enjoy increased betting options, higher betting limits, an expanded prop betting menu, and a comprehensive selection of betting leagues.
Premium Sportsbook Experiences – Special events will be hosted throughout the year, creating exciting opportunities for sports fans to engage with other bettors.
Vegas’ Favorite Sports Contests – The renowned “Last Man Standing” competitions with $300,000 in prize money, featuring contests for Pro Football, Pro College, and March Hoops
The new STN Sportsbook at Treasure Island will open on April 29, with additional event programming and offerings to be announced.
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