Online Gambling Market - Growth, Trends, and Forecast (2020 - 2025)

Global Online Gambling Market is segmented by Gaming Type into Betting, Bingo, Lottery, and Casino, by Device Type as Desktop and Mobile, and by Geography.

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

North America

Largest Market:

Europe

CAGR:

11.94 %

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Market Overview

The global online gambling market is projected to grow at a CAGR of 11.94%, during the forecast period (2020 - 2025).

  • 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 the female population in casinos and the convenience of the cashless mode of payment during 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 sports 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.
  • The pandemic posed a positive impact on the market as consumers turned more towards online platform to bridge their financial, social and psychological crisis during lockdowns. A research conducted by Lund University, Sweden even found that due to restrcitions in sports event due to lockdowns, consumers have surged their interest toward online gambling platforms.

Scope of the Report

The market has been segmented by game type, end-user, and geography. By game type, the market studied has been segmented into sports betting, casino, lottery, and bingo. By sports betting, the market studied has been segmented into football, horse racing, e-sports, and other sports bettings. By casino, the market studied has been segmented into the live casino, slots, baccarat, blackjack, poker, and other casino games. By end-user, the market studied has been segmented into desktop and mobile. By geography, the market covers major countries in North America, Europe, Asia-Pacific, and the Rest of the World.

By Game Type
Sports Betting
Football
Horse Racing
E-sports
Other Sports
Casino
Live Casino
Baccarat
Blackjack
Poker
Slots
Others Casino Games
Lottery
Bingo
By End User
Desktop
Mobile
By Geography
North America
United States
New Jersey
Pennsylvania
Delaware
Rest of United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
Sweden
France
Spain
Italy
Rest of Europe
Asia-Pacific
Oceanic Countries
Rest of Asia-Pacific
Rest of the World
South America
Middle East & Africa

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Key Market Trends

Football Betting Holds a Prominent Share

The online betting segment is predominantly applied in the sports category, especially in football events, such as FIFA World Cup and European Championships. 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. Additionally, companies are focusing on developing innovative platforms to cater to various customer requirements and achieve a competitive advantage in a highly competitive market.

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North America Remains the Fastest Growing Region

The current legislative 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 sportsbooks 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.

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Competitive Landscape

The market for online gambling is highly fragmented, and companies operating in this market do not have a dominant position as most of the European companies operate in the domestic market and establish monopolies in the respective countries. The market is dominated by key players, like bet365, GVC Holdings PLC, The Stars Group Inc., Flutter Entertainment PLC, and Kindred Group PLC. Many online gambling companies rely on third-party providers, such as Playtech, for software solutions. However, some companies choose to backward integrate with the technology providers.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables and Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Game Type

      1. 5.1.1 Sports Betting

        1. 5.1.1.1 Football

        2. 5.1.1.2 Horse Racing

        3. 5.1.1.3 E-sports

        4. 5.1.1.4 Other Sports

      2. 5.1.2 Casino

        1. 5.1.2.1 Live Casino

        2. 5.1.2.2 Baccarat

        3. 5.1.2.3 Blackjack

        4. 5.1.2.4 Poker

        5. 5.1.2.5 Slots

        6. 5.1.2.6 Others Casino Games

      3. 5.1.3 Lottery

      4. 5.1.4 Bingo

    2. 5.2 By End User

      1. 5.2.1 Desktop

      2. 5.2.2 Mobile

    3. 5.3 By Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

          1. 5.3.1.1.1 New Jersey

          2. 5.3.1.1.2 Pennsylvania

          3. 5.3.1.1.3 Delaware

          4. 5.3.1.1.4 Rest of United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 Sweden

        4. 5.3.2.4 France

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Italy

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 Oceanic Countries

        2. 5.3.3.2 Rest of Asia-Pacific

      4. 5.3.4 Rest of the World

        1. 5.3.4.1 South America

        2. 5.3.4.2 Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Share Analysis

    2. 6.2 Strategies Adopted by Players

    3. 6.3 Most Active Companies

    4. 6.4 Company Profiles

      1. 6.4.1 Betsson AB

      2. 6.4.2 888 Holdings PLC

      3. 6.4.3 The Stars Group Inc.

      4. 6.4.4 The Kindered Group

      5. 6.4.5 GVC Holdings

      6. 6.4.6 William Hill PLC

      7. 6.4.7 Bet365

      8. 6.4.8 LeoVegas AB

      9. 6.4.9 Flutter Entertainment PLC

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  9. 8. IMPACT OF COVID-19 ON THE MARKET

** Subject to Availability

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