According to Planet Market Reports, the global online gambling and betting market was valued at USD 49.63 Billion in 2018 and is projected to reach USD 114.38 Billion by 2026, growing at a CAGR of 10.94% from 2019 to 2026.
What is Online Gambling & Betting?
Online gambling & betting involves risking money or something of value on an event with an intention to win money or material goods. The resulting outcomes of wager or betting are often immediate and unsure such as a single roll of dice or a spin of a roulette wheel. Online gambling or internet gambling includes poker, slots, bingo, roulette, lotteries, keno, casinos and sports betting. It basically requires three elements to be present i.e. consideration, risk and a prize.
Global Online Gambling & Betting Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Planet Market Reports narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Online Gambling & Betting Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
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Global Online Gambling & Betting Market Competitive Landscape
The “Global Online Gambling & Betting Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as 888 Holdings plc, Bet365 Group Ltd., Betfred Ltd., Fortuna Entertainment Group, GVC Holdings Plc, Hong Kong Jockey Club, Kindred Group, mybet Holding, Paddy Power Betfair Plc, and Playtech. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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