The global online gambling market is supported by various growth drivers such as growth of mobile gambling, spike in internet penetration, rising ownership of gadgets such as mobile, laptops Online Gambling Market Worth $102.97 Billion by 2025 | CAGR: 11.5%: Grand View Research, Inc. PR Newswire SAN FRANCISCO, Aug. 27, 2019 SAN FRANCISCO, Aug. 27, 2019 /PRNewswire/ -- The global Online Gambling Market growth predicted at over 16% through 2026: Global Market Insights, Inc. Major online gambling market players include The Stars Group, 888 Holdings PLC., Fortuna COVID-19 will have a low impact on the online gambling market. The market growth in 2020 is likely to increase compared to the market growth in 2019. Frequently Asked Questions: The global online gambling market reached a value of nearly $58,960 million in 2019, having increased at a compound annual growth rate (CAGR) of 9.9% since 2015. The global online gambling market size was valued at USD 53.7 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 11.5% from 2020 to 2027. The high internet penetration and increasing use of mobile phones among individuals for playing online games from their homes and public places are driving the market. COVID-19 will have a low impact on the casinos and gambling market. The market growth in 2020 is likely to increase compared to the market growth in 2019. Frequently Asked Questions: The global online gambling market is projected to grow at a CAGR of 11.94%, during the forecast period (2020 - 2025). Online betting is the fastest-growing segment during the forecast period. When it comes to online gambling and demographic statistics, a UK study concludes that 17% of the population gamble online, resulting in £5.3 billion revenue for the online market alone. While estimates vary significantly, it’s assumed that the online gambling market exceeds $60 billion yearly, with substantial potential upside. According to Statista, the online betting industry is expected to grow from the 2017 market capitalization of $45.8 billion to a $94.4 billion market capitalization in 2024.
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