Online Gambling Market Trends 2023-2028: Industry Size, Opportunity and Competitive Analysis
The latest report published by IMARC Group, titled “Online Gambling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market. 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 refers to the act of betting or wagering on casino games, sports events, or other games of chance over internet. This type of gambling has become increasingly popular in recent years typically offering a wide range of games and betting options, thus making it easy for users to participate from the comfort of their own homes. While online gambling presents many opportunities for fun and excitement, it also carries certain risks, such as addiction and the potential for financial losses.
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Online Gambling Industry Trends:
The easy accessibility to high-speed internet and the increasing penetration of mobile devices in the daily lives of individuals represent some of the key factors driving the growth of the market across the globe. This, coupled with the increasing use of smartphones is acting as a major growth-inducing factor. Moreover, the rapid outbreak of COVID-19 pandemic and the consequent mandatory lockdowns facilitated the widespread popularity of online gambling. This, in turn, is driving the market growth significantly across the globe. Other factors, such as proliferating online gambling portals with user-friendly features, increasing disposable income levels and rising consumer expenditure on leisure activities, corporate sponsorships, and celebrity endorsements, are creating a positive outlook for the market further across the globe.

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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