Online Gambling Market in Australia Overview: Current Trends and Future Aspect Analysis to 2027
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According to IMARC Group’s latest report, titled “Australia Online Gambling Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’ the Australia online gambling market reached a value of US$ 4.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.6 Billion by 2027, exhibiting a CAGR of 8.1% during 2022-2027.
Year Considered to Estimate the Market Size:
Base Year of the Analysis: 2021
Historical Period: 2016-2021
Forecast Period: 2022-2027
Online gambling refers to the activity of wagering an object of monetary value on casinos and other sports-based activities via the internet. These games include poker, bingo, lotteries, sports betting, casinos, and horse racing. Online gambling does not involve physical interactions and all the sessions are hosted by computer programs. Players can download gambling software on their devices or access them through a website. Online gambling offers several benefits, such as free games, loyalty points, convenience, global access, customizable budget, and different payment options.
Australia Online Gambling Market Trends/Drivers 2027
The proliferation of smartphones, availability of high-speed internet connections, and the rapid adoption of digital payment methods are primarily driving the Australia online gambling market growth. Moreover, the increasing integration of these gaming platforms with advanced technologies, such as blockchain, virtual reality (VR), and three-dimensional (3D) animation, for realistic and immersive gaming experiences are acting as a growth-inducing factor. Other than this, the outbreak of the coronavirus disease (COVID-19) and the imposition of lockdown restrictions have encouraged consumers to shift toward online gaming, which is contributing to the market growth.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Australia Online Gambling Market 2022-2027 Competitive Analysis and Segmentation:
Breakup by Game Type:
- Sports Betting
- Casino
- Others
Breakup by Device:
- Desktop
- Mobile
- Others
Region:
- Australia Capital Territory and New South Wales
- Victoria and Tasmania
- Queensland
- Northern Territory & Southern Australia
- Western Australia
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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