Global $97.69 Billion Online Gambling Market to 2025: Increasing Investment in Software and Technology and the Use of Cryptocurrencies – GlobeNewswire

Dublin, April 19, 2021 (GLOBE NEWSWIRE) -- The "Global Online Gambling Market (2020-2025) by Games, Device, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Online Gambling Market is estimated to be USD 57.11 Bn in 2020 and is expected to reach USD 97.69 Bn by 2025, growing at a CAGR of 11.31%.

Market Dynamics

Key factors such as an increase in the number of internet users followed by increasing access to data and online gambling platforms are driving the online gambling market. Besides, the growth in the number of online casinos is further accelerating the demand for the online gambling market. Further, the Increasing investment in software and technology and the use of cryptocurrencies in online gambling as payment methods are providing growth opportunities to the market.

However, factors such as rising cybercrimes and transaction fees associated with these platforms are likely to restrain the market growth. Moreover, legal & regulatory issues and lack of personal interaction are some key challenges in the market.

Recent Developments

LeoVegas is acquiring Expekt Nordics Ltd. from Betclic Group for around EUR 5Mn. The acquisition is aimed towards enhancing the company's brand portfolio in sports betting. - 15th March 2021The Star Group has launched their BetStars online sports betting brand in the regulated New Jersey, in partnership with Resort Casino Hotel. 13th September 2020

Company Profiles

Some of the companies covered in this report are Bet365 Group Ltd., Betfred Ltd., 888 Holdings plc., Paddy Power Betfair plc, GVC Holdings plc, Fortuna Entertainment Group, The Stars Group, The Betway Group, William Hill plc, Kindred Group, Rank Group, Hong Kong Jockey Club, and Betsson AB, etc.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

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Key Topics Covered:

1 Report Description1.1 Study Objectives 1.2 Market Definition1.3 Currency1.4 Years Considered1.5 Language1.6 Key Shareholders

2 Research Methodology2.1 Research Process2.2 Data Collection and Validation2.2.1 Secondary Research2.2.2 Primary Research2.3 Market Size Estimation2.4 Assumptions of the Study2.5 Limitations of the Study

3 Executive Summary

4 Market Overview4.1 Introduction 4.2 Market Dynamics4.2.1 Drivers4.2.1.1 High number of smartphone users4.2.1.2 Increasing access to the internet and online gambling platforms4.2.1.3 Growth in the number of live casinos around the world4.2.2 Restraints4.2.2.1 Rising cyber-crimes4.2.2.2 Transaction Fees4.2.3 Opportunities4.2.3.1 Increasing investment in software and technology4.2.3.2 Growth in AR/VR technology4.2.3.3 Use of cryptocurrency in online gambling4.2.4 Challenges4.2.4.1 Legal & Regulatory Issues4.2.4.2 Increasing addiction behaviour issues4.3 Trends

5 Market Analysis5.1 Porter's Five Forces Analysis5.2 Impact of COVID-195.3 Ansoff Matrix Analysis

6 Global Online Gambling Market, By Type6.1 Introduction 6.2 Sports Betting6.3 Casinos 6.4 Poker 6.5 Bingo 6.6 Others

7 Global Online Gambling Market, By Device7.1 Introduction 7.2 Desktop 7.3 Mobile 7.4 Others

8 Global Online Gambling Market, By Geography

9 Competitive Landscape9.1 Competitive Quadrant9.2 Market Share Analysis9.3 Competitive Scenario9.3.1 Mergers & Acquisitions9.3.2 Agreement, Collaborations, & Partnerships9.3.3 New Product Launches & Enhancements9.3.4 Investments & Funding

10 Company Profiles10.1 Bet365 Group Ltd.10.2 Betfred Ltd.10.3 888 Holdings plc.10.4 Paddy Power Betfair plc10.5 GVC Holdings plc10.6 Fortuna Entertainment Group10.7 The Stars Group (Flutter Entertainment Plc)10.8 The Betway Group10.9 William Hill plc 10.10 Kindred Group10.11 Rank Group10.12 Hong Kong Jockey Club10.13 Betsson AB10.14 LeoVegas AB 10.15 Flutter Entertainment PLC 10.16 DraftKings Inc10.17 Soft2Bet 10.18 Playzido Ltd. 10.19 BetAmerica 10.20 Greentube Internet Entertainment Solutions GmbH

For more information about this report visit https://www.researchandmarkets.com/r/tttw7p

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Global $97.69 Billion Online Gambling Market to 2025: Increasing Investment in Software and Technology and the Use of Cryptocurrencies - GlobeNewswire