According to the recent research report titled ‘Online Gambling Market Size By Type, By Device Type, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, global online gambling market is anticipated to register considerable growth during 2020-2026.
 

Increasing usage of advanced technologies such as AR and VR in Europe, focus by Mexican government towards taxing online gambling scenario, availability of various payment methods in Asia Pacific, and legalization of online gambling by several states in the U.S. are the key factors driving the global online gambling market. Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2905505/ In addition, growing acceptance of smartphones and easy access to casino gaming, along with rising approval of digital currency in online gambling in North America and Europe are also contributing to the overall outlook. For those uninitiated, the intention of gambling is to win an extra sum of merchandise or material items. Online gambling is used for betting on digital casinos or sports games, such as lottery, poker, keno, roulette, slots, and bingo. Advancements in technology have further resulted in rapid digitalization, which in turn is adding momentum to global online gambling industry size expansion. These advancements in gaming has allowed for easy monetary gains and has also made online gambling safer, comfortable, and convenient, thereby favoring the market outlook.

Based on type, global online gambling market is divided into betting, casino, poker, lottery, and bingo. The betting segment includes boxing & UFC, esports, football, Formula 1, horse racing, and tennis and is expected to grow substantially over the analysis period. The growth is credited to rising adoption of cashless payments during gaming and growing female participation in casinos.
 

In terms of device type, global online gambling market share from the desktop segment is anticipated to expand considerably during the assessment period, owing to ease of sports betting using desktop and proliferation of sports betting globally.
 

From a regional perspective, Latin America online gambling industry is predicted to expand substantially over the study period.  The growth is influenced by implementation of supportive guidelines for online gambling activities. Legislative authorities are currently considering introducing various gambling bills in Mexico and Brazil, which in turn is swaying the business dynamics in Latin America.
 

Global online gambling market forecast is built upon players like William Hill PLC, The Stars Group Inc., Sky Betting and Gaming, Scientific Games Corporation, Playtech plc, Kindred Group PLC, International Game Technology PLC, GVC Holdings PLC, Flutter Entertainment plc, DraftKings Inc., Buffalo Partners, Betsson AB, Betfred, bet-at-home.com AG, BetAmerica, Bet365 Group Ltd., and 888 Holdings PLC.