The online gambling market analysis document represents a detailed collection of prioritized market definitions, industry scope and reach, and pivotal industry insights. Information about the many pitfalls of the market as well as the frequent challenges encountered by core industry players have been summarized in the report. That apart, the document also endorses details about the numerous driving parameters impacting the revenue landscape of this vertical.
The global online gambling market is estimated to witness tremendous revenue growth over the coming years due to an upsurge in smartphone adoption and improving internet infrastructure across the world. Additionally, convenient and easy accessibility to online casino gaming platforms would also complement the overall market outlook over the analysis time period.
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Rummy is a highly popular paying card game in the global gambling market. The widespread acceptance of the game has prompted the creation of a large pool of online gaming platforms that allow cross country participation of players to compete. Also, the acceptance of deposits from several sites through online credit cards, virtual currencies, online wallets, and internet banking are some additional factors contributing to the rising popularity of these online gambling games.
The rising prevalence of using the internet on smartphones and the growing trend of developing mobile-friendly websites and applications will drive the online gambling market trends. As per Web ARChive (WARC), till January 2019 there were almost 2 billion users who accessed the internet through their smartphones.
Notably, these smartphone users play online betting games and win real money. Additionally, in a view to attracting new customers, online gambling service providers emphasize on using social media platforms such as Facebook, Instagram, and YouTube to promote their offerings.
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On the regional front, the Asia Pacific online gambling market witnessed a significant upsurge in the industry recently due to the coronavirus pandemic. The strict lockdowns imposed by regional government authorities were responsible for majorly driving the adoption of online betting among APAC customers. In fact, according to the reports of illion Australia and AiphaBeta Australia, Australia witnessed a tremendous 67% rise in online gambling back in April 2020, after the country closed every non-essential service in Australia to keep the case count low. Likewise, the closing of land-based casinos has further resulted in a significant upsurge in the players using online casinos in countries like India.
The competitive landscape of the market is inclusive of players such as Paddy Power Betfair PLC, BET 365, 888 Holdings PLC, The Stars Group, GVC Holdings PLC, Fortuna Entertainment Group, and Kindred Group among others.
Major Key Points from Table of Content:
Chapter 6. Online Gambling Market, By Device Type
6.1. Key trends by device type
6.2. Desktop
6.2.1. Market estimates and forecast, 2016 – 2026
6.3. Mobile
6.3.1. Market estimates and forecast, 2016 – 2026
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