With the surge in online gambling activity comes a doubling of crypto-betting
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The global online gambling market is expected to reach US$142.38 billion by 2026. Over a third of that growth is in the Asian Pacific markets, mainly China. H2 Gambling Capital is the go-to source for in-depth analysis. Statista is a useful resource when the numbers line up.
Surge in Online Gambling Activity. Report shows a near-doubling of market size by the end of next year (US$92.9b) based on 2019 numbers ($58.8b). Technavio's latest market report titled “Online Gabbling Market by Type, Device, and Geography – Forecast and Analysis 2022-2026” shows an overall market growth for 2022 of 11.82%, eventual deceleration to 11% on average, and incremental growth of US$142.38b through 2026.
Cryptocurrency betting more than doubled in the first quarter of 2021 and 2022. Traditional currencies declined from 73.7% of all bets in 2021 to 64.04% in 2022, according to SOFTSWISS report. Bitcoin is still the most popular alt-currency, but other tokens like ETH and LTC are gaining popularity. Online Gambling Market Size to Grow by USD 142.38 billion by 2022 and the number of players is expected to grow by 10%. The fastest paying online casino settles up withdrawals in minutes and funds are available in a crypto wallet within one hour.
