This report found that 10% of the 16+ population participated in online gambling or betting in the past year. 3 (7% in 2012) and amongst those problem gambling rates were 5.1% (4.2% in 2012). 1.12. There are no restrictions in online gambling on stakes and prizes or speed of play, and by definition online gambling is not restricted to premises Report Overview. The global online gambling market size was valued at USD 53.7 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 11.5% from 2020 to 2027. The high internet penetration and increasing use of mobile phones among individuals for playing online games from their homes and public places are driving the Online Gambling Market Research Report by Game (Bingo, Casino/Poker, Lottery, Social Gaming, and Sports Betting), by Device (Desktop and Mobile), by Payment Mode - Global Forecast to 2025 - Cumulative Impact of COVID-19 The Global Online Gambling Market is expected to grow from USD 53,686.56 Million in 2019 to USD 95,023.13 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of As per Technavio, the use of AI in online gambling will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes Get more details on this report - Request Free Sample PDF . The North America online gambling market revenue is poised to exceed USD 25 billion by 2026, expanding at 20% CAGR during the forecast period. The growth can be attributed to the legalization of online gambling in several states including Nevada, Pennsylvania, Delaware, and New Jersey Online Gambling and Betting Market report covers below mentioned list of players. Additional company data of your interest can be provided without an additional cost (subject to data availability). In case you wish to add more companies/competitors please mention in the request sample form form. Our research analyst will verify them and include it in the final deliverable report . Top Players Global Online Gambling and Betting Market to Reach $103.9 Billion by 2027 Amid the COVID-19 crisis, the global market for Online Gambling and Betting estimated at US$54.7 Billion in the year 2020, is projected to reach a revised size of US$103.9 Billion by 2027, growing at a CAGR of 9.6% over the analysis period 2020-2027. Online gambling companies are likely to expand their sport betting options after sport betting was legalized in the United States by the Supreme Court, in 2018, which is further supporting the market’s growth. However, stringent regulations related to online gambling are expected to hinder the market growth rate. Online Gambling Market Analysis Summary Market Highlights $44.16 billion online gambling market in 2016 10.8% projected growth in revenue (CAGR) 60 countries around the world permit licensed, online casinos 4.1 Online Gambling Industry The online gambling industry is expected to reach $81.71 billion by 2022, increasing at a CAGR of 10.8% from the 2016 market value at $44.16 billion1. Online licensed online gambling market must start from scratch again because online gambling was almost completely prohibited in recent years. And there is a big market share to grab: according to MECN’s estimate, the grey online gambling market is worth ca. EUR 1 billion (gross revenues), with online poker the biggest segment (the second biggest market worldwide). MECN and industry experts expect
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