About online gambling
Online gambling includes betting, gaming, and lottery through smartphones, tablets, PCs, and laptops by using the Internet. The revenue generated through betting includes the wagers put on outdoor sports such as football, tennis, cricket, basketball, and horse racing. Revenue from gaming includes money spent on casino games and slot machines. Lottery generates revenue from games like bingo, lotto, and gaming machines.
Technavio's analysts forecast the global online gambling market to grow at a CAGR of 10.73% (in terms of gross gaming yield per year) over the period 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the global online gambling market for the period 2015-2019. To calculate the market size, it considers revenue generated from the gambling activities in terms of gross gaming yield per year. The report segments the market into three categories such as betting, gaming, and lottery. It provides market share of each category in 2014. The report also provides the current market share and the forecast by distribution platforms for the period 2014-2019. In addition, the report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.
Technavio's report, Global Online Gambling Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the market and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Online Gambling Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Online Gambling Market: 888 Holdings, Bet-at-home.com, Betfair Entertainment, Bwin.Party, Ladbrokes Betting & Gaming, Paddy Power, and Unibet.
Other Prominent Vendors in the market are: Amaya gaming, Betsson, Bwin.party digital entertainment, Camelot group, Gala coral group, Genting UK, Net Entertainment, Paddy power, Playtech, Rank group, Sportech, and William hill.
Commenting on the report, an analyst from Technavio’s team said: “Mobile bingo gaming vendors are looking for opportunities to invest in the development of new gambling apps with exciting prizes and innovative game features.”
According to the report, the global online gambling market enables players to use virtual money, which has reduced the burden and risk of carrying cash as in the case of real gambling activities.
Further, the report states that huge risks involved in running the business restricts the entry of new players and the expansion of existing players in different geographies.
888 Holdings, Bet-at-home.com, Betfair Entertainment, Bwin.Party, Ladbrokes Betting & Gaming, Paddy Power, Unibet, Amaya gaming, Betsson, Bwin.party digital entertainment, Camelot group, Gala coral group, Genting UK, Net Entertainment, Paddy power, Playtech, Rank group, Sportech, William hill.
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