Online Gambling Market Trends 2023, Size, Share, Growth, Competitive Landscape and Global Industry Analysis by 2028
IMARC Group has recently released a new research study titled “Online Gambling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

The global online gambling market size reached US$ 79.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 133.9 Billion by 2028, exhibiting a growth rate (CAGR) of 8.5% during 2023-2028. Online gambling, or virtual gambling, represents betting on casino or sports-based activities over the internet. Compared to in-person gambling, online gambling does not involve the physical interaction of players, and all the sessions are moderated by computer programs. Players can virtually play numerous games, such as sports betting, blackjack, and poker, and can download gambling software on their personal computers. Virtual gambling offers several benefits, including cashless transactions, accessibility through any electronic device, a customizable budget, and a real-time gambling experience for the players.
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Online Gambling Market Trends:
The growing urbanization levels and the increasing penetration of the internet across the globe are among the key factors stimulating the online gambling market. Moreover, the legalization and cultural approval of online betting in various developed countries are acting as significant growth-inducing factors. Besides this, online sports companies are attaining high-profile sponsorships with numerous football and racing clubs, which aids in attracting new users, is positively influencing the global market. Furthermore, convenient access to online casinos that can be used through mobile phones is also propelling the market growth. Apart from this, the inflating technological advancements, such as the development of virtual reality (VR) and blockchain tools, are further fueling the global market. Additionally, the rising usage of these technologies, as they assist in maintaining the transparency of gambling activities and provide an immersive experience to the player, is also driving the market growth. In addition to this, the increasing expenditure capacities of consumers and the growing popularity of bitcoin gambling are anticipated to fuel the online gambling market over the forecasted period.
Online Gambling Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the online gambling market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- 888 Holdings PLC
- Bet365 Group Ltd.
- Betsson AB
- Cherry Spelgladje AB
- Flutter Entertainment Plc
- Galaxy Entertainment Group
- GVC Holdings Plc
- Intralot
- Kindred Group Plc
- LeoVegas AB
- MGM Resorts International
Key Market Segmentation:
The report has segmented the global online gambling market based on game type, device and region.
Breakup by Game Type:
- Sports Betting
- Football
- Horse Racing
- E-Sports
- Others
- Casino
- Live Casino
- Baccarat
- Blackjack
- Poker
- Slots
- Others
- Others
Breakup by Device:
- Desktop
- Mobile
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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.
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