The Global Online Gambling Market Forecasted to Reach $139 by 2029
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Straits Research projects a compound annual growth rate of 12 percent until 2029 for the global online gambling market. The global market size of online betting on sports, casino gaming, poker, and bingo is estimated at $51.8 billion as of 2019. It is expected to reach a value of $92.9 billion by 2023 and $139 billion in 20 29.
The global market for online betting on sports, casino gaming, poker, and bingo is estimated at $51.8 billion as of 2019. It is expected to reach a value of $92.9 billion by 2023 and $139 billion in 2029.
The Global Online Gambling Market is forecasted to reach $139 by 2029. Smartphones and internet coverage are the major drivers of market growth. Modern online gambling and betting is convenient and easy access from anywhere around the globe. The advance of fintech and digital payments have led to an increased ease of depositing and betting real money on gambling platforms. The lockdowns and stay-at-home restrictions brought by the Covid-19 pandemic have also increased adoption of online entertainment activities.
Europe will keep its dominant position in the global online gambling and betting market. Asia-Pacific will display the largest market growth until 2029. Legalization of online gaming and sports betting in Europe and support from European Commission are driving the growth. Macau and Singapore are becoming gambling hotspots. Global Online Gambling Market Forecasted to Reach $139 by 20 29.
