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Online Gambling Market: Vendor Landscape
The online gambling market is fragmented due to the presence of several vendors. However, only a few major players are dominating the market. With growing competition, the market is witnessing an increased number of M&A activities among vendors. 888 Holdings Plc, bet365 Group, Betsson Ab, Camelot UK Lotteries Ltd., Flutter Entertainment Plc, GVC Holdings Plc, Galaxy Entertainment Group Ltd., INTRALOT SA, MGM Resorts International, and William Hill Plc are among some of the dominant players in the market.
888 Holdings Plc: The company offers casino, poker, bingo, and sports betting.
bet365 Group: The company offers online casino and poker games, including in-play, and sports betting.
Betsson Ab: The company offers online betting for various sports.
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Online Gambling Market 2020-2024: Segmentation
Online Gambling Market is segmented as below:
Type Device Geography APAC Europe MEA North America South America
By type, the market is generating the highest revenue in the lottery segment. The segment is driven by the growing expectation of high returns, especially from low-income groups. In addition, factors such as the development of gambling infrastructure that enhance the consumer experience, increased foreign investment due to high market attractiveness, and the easing of government regulations and policies will further accelerate the market growth in the lottery segment over the forecast period.
Similarly, by device, the desktop segment accounted for maximum growth in the market in 2021. Desktops offer a better experience as they have bigger screens compared to mobile devices. Moreover, most of the online gambling offerings are web-based, which is contributing to the growth of the segment.
Based on geographic segmentation, APAC will generate maximum growth opportunities for market players during the forecast period. About 36% of global market growth will originate from APAC during the forecast period. Factors such as the liberalization of regulations and the increasing number of casinos and lottery events are driving the growth of the online gambling market in APAC.
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Online Gambling Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024 Detailed information on factors that will assist online gambling market growth during the next five years Estimation of the online gambling market size and its contribution to the parent market Predictions on upcoming trends and changes in consumer behavior The growth of the online gambling market Analysis of the market’s competitive landscape and detailed information on vendors Comprehensive details of factors that will challenge the growth of online gambling market vendors
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Online Gambling Market Scope
Report Coverage
Details
Page number
120
Base year
2019
Forecast period
2020-2024
Growth momentum & CAGR
Decelerate at a CAGR of 11%
Market growth 2020-2024
USD 114.21 billion
Market structure
Concentrated
YoY growth (%)
12.04
Regional analysis
APAC, Europe, MEA, North America, and South America
Performing market contribution
36% APAC
Key consumer countries
China
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
888 Holdings Plc, bet365 Group, Betsson Ab, Camelot UK Lotteries Ltd., Flutter Entertainment Plc, GVC Holdings Plc, Galaxy Entertainment Group Ltd., INTRALOT SA, MGM Resorts International, and William Hill Plc
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get customized segments.
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