According to the latest market research study released by Technavio, the global online gambling market is expected to grow at a CAGR of over 9% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the global online gambling market based on type of gambling:
Global online gambling market share by type gambling 2015
|
Betting |
46.68% |
|
Casino |
21.49% |
|
Lottery |
10.88% |
|
Poker |
9.68% |
|
Bingo |
5.44% |
|
Others |
5.84% |
Source: Technavio
The top four revenue contributing product segments are discussed below:
Global online betting market
The online gambling market by betting was valued at over $18 billion at 2015 and is expected to grow at a CAGR around 8% by 2020. Sports betting is the most widespread form of online betting, and the highest betting activities globally are during events like FIFA World Cup and European Championships. Gamblers predict the winnings of the involved teams, and the highest number of correct predictions for the select matches decides the winner. Europe hosts many football matches every year making online betting very popular in this region.
“Sport lotteries is very prevalent among sports enthusiasts, and these lotteries are won depending on the gambler’s knowledge about the sport. Betting on horse racing and greyhounds are also gaining acceptance among gamblers. Betting is becoming easier for the players with the advent of online platforms as it is just based on the selection of the rate card which they wish to bet on,” says Ujjwal Doshi, a lead analyst at Technavio for research on media and entertainment services.
Global online casino market
The online gambling market by casino was valued at around $8 billion at 2015 and is expected to grow at a CAGR almost 13% by 2020. The increasing accessibility of online games on personal devices and removal of bans online casino is also known as iGaming, is considered the future of the casino market. These online casinos, however, do not allow games like poker and bingo and is gaining attractiveness as brick-and-mortar casinos have become stagnant. The “Internet Gaming Enforcement Act of 2006” implemented in the US has initiated the transfer of money into the players’ gaming account versus using credit cards directly to make payments.
Global online lottery market
The online gambling market by lottery was valued at around $4 billion at 2015 and is expected to grow at a CAGR over 12% by 2020. The revenue generated from lotteries help fund several social welfare activities resulting in the legalization of the lottery in many countries. The potential of winning a lump sum amount and inexpensive ticket prices make lottery tickets very easy to sell and buy. The majority of lottery tickets sale is in the form of gift cards, shopping vouchers, online coupons and other marketing techniques.
Global online poker market
The online gambling market by poker was valued at over $3 billion at 2015 and is expected to grow at a CAGR around 5% by 2020. It is the most played and standard online casino game in the world. The casino operators are taking drastic steps to increase the probability of winning to increase the number of participation in the games. Recently, Zynga, a provider of social video game services partnered with Facebook to increase the number of online poker games.
The top leading vendors operating in the global golf equipment market are:
- 888 Holdings
- Bet-at-home.com
- Bwin.Party
- Ladbrokes
- Unibet Group
Other prominent vendors in the market include Amaya, BetAmerica, Betfair Online Casino, Betsson, Camelot group, Delaware Park, Draft Kings, FanDuel, Gala Coral Group, Genting UK, Golden Nugget Online Casino, Harrington Gaming online, Net Entertainment, Paddy Power, Pala Casino, Playtech, The Rank Group, Real Gaming, Resorts Casino, Sportech, TVG, TwinSpires, WatchandWager, and WorldWinner.
A more detailed analysis is available in the Technavio report titled, ‘Global Online Gambling Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Online Gambling Market in the US 2016-2020
- Global Gambling Market 2016-2020
- Online Lottery Market in China 2016-2020
- Casino Gaming Market in the US 2016-2020
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