Online Gambling Market in Australia 2023-2028: Trends, Future Prospects, Demand, Size, Platform, Regional Analysis and Forecast

 According to IMARC Group’s latest report, titled "Australia Online Gambling Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.' the Australia online gambling market size reached US$ 4.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.2 Billion by 2028, exhibiting a growth rate (CAGR) of 7.09% during 2023-2028

Online gambling, also known as electronic gambling, is the process of placing bets with a betting shop, bookie, and other gambling establishments. It is conducted via the internet, which offers a wide range of benefits, such as free games, bonuses, loyalty points, no traveling, global access, flexibility, convenience, and a wide range of payment options. In Australia, the introduction of new forms of online gambling, like keno, instant scratch tickets, and lottery terminals, has gained popularity across the country. Online gambling platforms also attract the younger generation and reach people who do not have access to casinos or bars.

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Australia Online Gambling Market Trends:

The market is primarily driven by inflating disposable incomes and the increasing reliance on smartphones in the region. In addition, key market players are launching online gambling applications which can be easily accessed via tablets or mobile devices. Moreover, the sudden outbreak of the coronavirus (Covid-19) disease pandemic and the lockdown restrictions encouraged consumers to shift toward online gaming, which represents another major growth-inducing factor. Besides this, the market is also being propelled by rising penetration of the internet, which assisted consumers in interacting with international and domestic gambling websites and mobile applications. Furthermore, the advent of advanced technologies, including virtual reality (VR), 3D animation, and blockchain, which create an immersive experience for the player and help maintain the transparency of gambling activities, is contributing to market growth.

Australia Online Gambling Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the Australia online gambling market has been studied in the report with the detailed profiles of the key players operating in the market.

Key Market Segmentation:

The report has segmented the Australia online gambling market on the basis of game type, device and region.

Breakup by Game Type:

  • Sports Betting
  • Casino
  • Others

Breakup by Device:

  • Desktop
  • Mobile
  • Others

Breakup by Region:

  • Australia Capital Territory and New South Wales
  • Victoria and Tasmania
  • Queensland
  • Northern Territory & Southern Australia
  • Western Australia

Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=3878&flag=C

The project report covers the following aspects:

  • Market Snapshot (Market Performance, Segments, Regional Insights, Covid-19 Impact, and outlook)
  • Project Details, Requirements, and Costs Involved
  • Project Economics
  • Regulatory Procedures and Approval
  • Key Success and Risk Factors

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Other Related Report:

Global Online Gambling Market Report 

Key Highlights of the Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Industry Trends
  • Market Drivers and Success Factors
  • The Impact of COVID-19 on the Global Market
  • Value Chain Analysis
  • Structure of the Global Market
  • Comprehensive mapping of the competitive landscape

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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