Online Gambling Market By Type (Sports Betting, Casinos, Poker, Bingo), By Device (Desktop, Mobile), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2020 to 2027

  • Publish Date: May, 2020
  • Report ID: 418131
  • Category: Technology
  • Pages: 228
$4700

The global online gambling market is expected to grow from USD 53.56 billion in 2019 to USD 129.79 billion by 2027, at a CAGR of 11.7% during the forecast period 2020-2027.

Online gambling means betting your money online on an uncertain event. It is played over the internet. It includes not only cards, but also online sports, casinos, or bingo. In the gambling industry, online gambling is the fastest-growing segment.

The rapid growth and adoption of artificial intelligence, machine learning, and chatbot are the main drivers for market growth. The rising penetration of mobile phones and the internet has increased the demand for online games. The relaxation of government policies and regulations regarding online gambling is expected to give a significant boost to the market. With technological advancements, the accessibility to websites and mobile applications with various rewards and benefits has improved. The increase in the number of females in casinos and the rising prevalence of online payment has also contributed to market growth. A rise in cybercrime is expected to hinder the market growth during the forecast period.

With the outbreak of COVID-19, the online services market is expected to grow tremendously. The social distancing practices and complete lockdown in many countries across the globe are promoting online business activities, including online gambling market.

This study delivers a comprehensive analysis of types, devices, and regions. On the basis of types, the market can be divided into sports betting, casinos, poker, and bingo. The sports betting segment is expected to dominate the market during the forecast period. The growth can be attributed to the rise in the disposable incomes of the population living in the Asia-Pacific region. The increasing penetration of digital platforms has given rise to fixed-odds betting and live-action betting. Online betting in horse racing, European championships, greyhound racing, and FIFA World Cup are gaining popularity. Online poker is expected to grow at a rapid pace with rising popularity and convenient use and payment options. On the basis of the device, the market can be divided into desktop and mobile. The desktop gaming is expected to dominate the market due to the big size of the screen and better gaming experience with an improved display of graphics and other intricacies. Higher storage capacity, better picture quality and enhanced sound system has further contributed to market growth. The mobile gaming segment is expected to grow at a rapid pace with technological advancements and the widespread prevalence of mobile phones.

The market for online gambling has been segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Europe is expected to dominate the market during the forecast period. The relaxation in government policies and regulations for online gambling in Italy, France, Spain, and Germany is the primary driver for market growth. The increasing prevalence of smartphones and high-speed internet availability has given a rise in the popularity of online casinos.

The leading players of the market include Bet365 Group Ltd., William Hill PLC, Paddy Power Betfair PLC, Ladbrokes Coral Group PLC, Betsson AB, 888 Holdings PLC, The Stars Group Inc., Sky Betting and Gaming, GVC Holdings PLC, and Kindred Group PLC. The companies are adopting the strategies of product differentiation, innovative product launches, collaborations, and mergers and acquisitions.

Global Online Gambling Market Analysis And Forecast, By Type

  • Sports Betting
  • Casinos
  • Poker
  • Bingo

Global Online Gambling Market Analysis And Forecast, By Device

  • Desktop
  • Mobile

Global Online Gambling Market Analysis And Forecast, By Regional Analysis

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Sweden
    • Netherland
    • U.K.
    • Italy
    • Spain
    • Turkey
    • Switzerland
    • Belgium
    • Rest Of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest Of APAC
  • South America
    • Brazil
    • Argentina
    • Peru
    • Colombia
    • Rest Of South America
  • Middle East And Africa
    • UAE
    •  Saudi Arabia
    •  Egypt
    •  Nigeria
    • South Africa
    • Rest Of MEA

Report Description:

  • The base year for the study has been considered 2019, historic year 2017 and 2018, the forecast period considered is from 2020 to 2027.
  • The study delivers a comprehensive analysis of global market for all segments and region .
  • The report offers in-depth analysis of driving factors, opportunities and restraints for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2020 to 2027.
  • Porter’s Five Forces model is used in order to recognize the competitive scenario in the market. This report incorporates the industry analysis which is focused on providing an extensive view of the market.
  • The study also includes attractiveness analysis of all segments and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunist for understanding the future growth of the market.
  • The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
  • The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Types
          4.3.2. Market Attractiveness Analysis By Device
          4.3.3. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
    5.3. Restrains
    5.4. Opportunities
    5.5. Challenges

6. Global Online Gambling Market Analysis and Forecast, By Types
    6.1. Segment Overview
    6.2. Sports Betting
    6.3. Casinos
    6.4. Poker
    6.5. Bingo

7. Global Online Gambling Market Analysis and Forecast, By Device
    7.1. Segment Overview
    7.2. Desktop
    7.3. Mobile

8. Global Online Gambling Market Analysis and Forecast, By Regional Analysis
    8.1. Segment Overview
    8.2. North America
          8.2.1. U.S.
          8.2.2. Canada
          8.2.3. Mexico
    8.3. Europe
          8.3.1. Germany
          8.3.2. France
          8.3.3. U.K.
          8.3.4. Italy
          8.3.5. Spain
    8.4. Asia-Pacific
          8.4.1. Japan
          8.4.2. China
          8.4.3. India
    8.5. South America
          8.5.1. Brazil
    8.6. Middle East and Africa
          8.6.1. UAE
          8.6.2. South Africa

9. Global Online Gambling Market-Competitive Landscape
    9.1. Overview
    9.2. Market Share of Key Players in Global Online Gambling Market
          9.2.1. Global Company Market Share
          9.2.2. North America Company Market Share
          9.2.3. Europe Company Market Share
          9.2.4. APAC Company Market Share
    9.3. Competitive Situations and Trends
          9.3.1. Product Launches and Developments
          9.3.2. Partnerships, Collaborations, and Agreements
          9.3.3. Mergers & Acquisitions
          9.3.4. Expansions

10. Company Profiles
    10.1. Bet365 Group Ltd
          10.1.1. Business Overview
          10.1.2. Company Snapshot
          10.1.3. Company Market Share Analysis
          10.1.4. Company Product Portfolio
          10.1.5. Recent Developments
          10.1.6. SWOT Analysis
    10.2. William Hill PLC
          10.2.1. Business Overview
          10.2.2. Company Snapshot
          10.2.3. Company Market Share Analysis
          10.2.4. Company Product Portfolio
          10.2.5. Recent Developments
          10.2.6. SWOT Analysis
    10.3. Paddy Power Betfair PLC
          10.3.1. Business Overview
          10.3.2. Company Snapshot
          10.3.3. Company Market Share Analysis
          10.3.4. Company Product Portfolio
          10.3.5. Recent Developments
          10.3.6. SWOT Analysis
    10.4. Ladbrokes Coral Group PLC
          10.4.1. Business Overview
          10.4.2. Company Snapshot
          10.4.3. Company Market Share Analysis
          10.4.4. Company Product Portfolio
          10.4.5. Recent Developments
          10.4.6. SWOT Analysis
    10.5. Betsson AB
          10.5.1. Business Overview
          10.5.2. Company Snapshot
          10.5.3. Company Market Share Analysis
          10.5.4. Company Product Portfolio
          10.5.5. Recent Developments
          10.5.6. SWOT Analysis
    10.6. 888 Holdings PLC
          10.6.1. Business Overview
          10.6.2. Company Snapshot
          10.6.3. Company Market Share Analysis
          10.6.4. Company Product Portfolio
          10.6.5. Recent Developments
          10.6.6. SWOT Analysis
    10.7. The Stars Group Inc
          10.7.1. Business Overview
          10.7.2. Company Snapshot
          10.7.3. Company Market Share Analysis
          10.7.4. Company Product Portfolio
          10.7.5. Recent Developments
          10.7.6. SWOT Analysis
    10.8. Sky Betting
          10.8.1. Business Overview
          10.8.2. Company Snapshot
          10.8.3. Company Market Share Analysis
          10.8.4. Company Product Portfolio
          10.8.5. Recent Developments
          10.8.6. SWOT Analysis
    10.9. GVC Holdings PLC
          10.9.1. Business Overview
          10.9.2. Company Snapshot
          10.9.3. Company Market Share Analysis
          10.9.4. Company Product Portfolio
          10.9.5. Recent Developments
          10.9.6. SWOT Analysis
    10.10. Kindred Group PLC
          10.10.1. Business Overview
          10.10.2. Company Snapshot
          10.10.3. Company Market Share Analysis
          10.10.4. Company Product Portfolio
          10.10.5. Recent Developments
          10.10.6. SWOT Analysis

List of Table

1. Global Online Gambling Market, By Types, 2017–2027(USD Billion)  

2. Global Sports Betting Market, By Region, 2017–2027(USD Billion)  

3. Global Casinos, By Region, 2017–2027(USD Billion)  

4. Global Poker Market, By Form, 2017–2027(USD Billion)  

5. Global Bingo Market, By Region, 2017–2027(USD Billion)  

6. Global Online Gambling Market, By Device, 2017–2027(USD Billion)  

7. Global Desktop Online Gambling Market, By Region, 2017–2027(USD Billion)  

8. Global Mobile Ingredient Market, By Region, 2017–2027(USD Billion)   

9. Global Online Gambling Market, By North America, 2017–2027(USD Billion)  

10. North America Online Gambling Market, By Types, 2017–2027(USD Billion)  

11. North America Online Gambling Market, By Device, 2017–2027(USD Billion)  

12. U.S. Online Gambling Market, By Types, 2017–2027(USD Billion)  

13. U.S. Online Gambling Market, By Device, 2017–2027(USD Billion)  

14. Canada Online Gambling Market, By Types, 2017–2027(USD Billion)  

15. Canada Online Gambling Market, By Device, 2017–2027(USD Billion)  

16. Mexico Online Gambling Market, By Types, 2017–2027(USD Billion)  

17. Mexico Online Gambling Market, By Device, 2017–2027(USD Billion)  

18. Europe Online Gambling Market, By Types, 2017–2027(USD Billion)  

19. Europe Online Gambling Market, By Device, 2017–2027(USD Billion)  

20. Germany Online Gambling Market, By Types, 2017–2027(USD Billion)  

21. Germany Online Gambling Market, By Device, 2017–2027(USD Billion)  

22. France Online Gambling Market, By Types, 2017–2027(USD Billion)  

23. France Online Gambling Market, By Device, 2017–2027(USD Billion)  

24. U.K. Online Gambling Market, By Types, 2017–2027(USD Billion)  

25. U.K. Online Gambling Market, By Device, 2017–2027(USD Billion)  

26. Italy Online Gambling Market, By Types, 2017–2027(USD Billion)  

27. Italy Online Gambling Market, By Device, 2017–2027(USD Billion)  

28. Spain Online Gambling Market, By Types, 2017–2027(USD Billion)  

29. Spain Online Gambling Market, By Device, 2017–2027(USD Billion)  

30. Asia Pacific Online Gambling Market, By Types, 2017–2027(USD Billion)  

31. Asia Pacific Online Gambling Market, By Device, 2017–2027(USD Billion)  

32. Japan Online Gambling Market, By Types, 2017–2027(USD Billion)  

33. Japan Online Gambling Market, By Device, 2017–2027(USD Billion)  

34. China Online Gambling Market, By Types, 2017–2027(USD Billion)  

35. China Online Gambling Market, By Device, 2017–2027(USD Billion)  

36. India Online Gambling Market, By Types, 2017–2027(USD Billion)  

37. India Online Gambling Market, By Device, 2017–2027(USD Billion)  

38. South America Online Gambling Market, By Types, 2017–2027(USD Billion)  

39. South America Online Gambling Market, By Device, 2017–2027(USD Billion)  

40. Brazil Online Gambling Market, By Types, 2017–2027(USD Billion)  

41. Brazil Online Gambling Market, By Device, 2017–2027(USD Billion)  

42. Middle East and Africa Online Gambling Market, By Types, 2017–2027(USD Billion)  

43. Middle East and Africa Online Gambling Market, By Device, 2017–2027(USD Billion)  

44. UAE Online Gambling Market, By Types, 2017–2027(USD Billion)  

45. UAE Online Gambling Market, By Device, 2017–2027(USD Billion)  

46. South Africa Online Gambling Market, By Types, 2017–2027(USD Billion)  

47. South Africa Online Gambling Market, By Device, 2017–2027(USD Billion)  

 

List of Figures 

1. Global Online Gambling Market Segmentation

2. Online Gambling Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Online Gambling Market Attractiveness Analysis By Types

9. Global Online Gambling Market Attractiveness Analysis By Device

10. Global Online Gambling Market Attractiveness Analysis By Region

11. Global Online Gambling Market: Dynamics

12. Global Online Gambling Market Share By Types (2019 & 2027)

13. Global Online Gambling Market Share By Device (2019 & 2027)

14. Global Online Gambling Market Share by Regions (2019 & 2027)

15. Global Online Gambling Market Share by Company (2019)

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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