Global Online Gambling Market Size and Forecast 2023-2032|888 Holdings PLC, Bet365 Group Ltd., Betsson AB, William Hill PLC, VGC Holdings PLC,

The Online Gambling Global Market Report 2023 by The Business Research Company, provides online gambling market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Online Gambling Global Market Report 2023, the market size will grow from $81.08 billion in 2022 to $88.65 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global online gambling is expected to grow to $125.6 billion in 2027 at a CAGR of 9.1%.

The increasing adoption of smartphones with the improved internet accessibility is driving the online gambling market. Globally, the average use of mobile devices compared to desktop computers or laptops is significantly greater. In most countries, mobile users account for about 80% of all users in the online gambling industry

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The online gambling market is segmented:

1) By Game Type: Betting, Casino, Lottery, Poker, Online Bingo, Others

2) By Device: Desktop, Mobile, Other Devices

3) By Component: Software, Services

Technologies such as Blockchain, IoT, and VR are changing everything in every field including online gambling. Virtual Reality and VR Headsets have gained a lot of popularity in recent years and are a revolutionary addition to the world of online gambling. With VR, one can enter a virtual casino and play all the games without having to travel. However, fraud and cheating were majorly concerning the users of online gambling. A lot of online casinos and online gambling sites have been accused of not being transparent and hiding their internal workings and the methods for their dealings. These concerns can be addressed using blockchain technology. With blockchain technology, everyone will be able to see exactly what is going on behind the scenes. Games such as SlotsMillion, Casino VR Poker, and The Gear that are played through VR are engaging customers and shaping the online gambling industry.

The online gambling market report table of contents includes:

1. Online Gambling Market Executive Summary

2. Table of Contents

3. List of Figures

4. List of Tables

5. Report Structure

26. Africa Online Gambling Market

27. Online Gambling Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Online Gambling Market

29. Online Gambling Market Future Outlook and Potential Analysis

30. Appendix

Top Major Players: