Online Gambling And Betting In-Depth Industrial and Market studies - Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2016 - 2020
Albany, New York, Jan 17,2017
"Online
Gambling And Betting Market - Global Industry Analysis, Size, Share,
Growth, Trends And Forecast 2016 - 2020"
The Report covers current Industries Trends, Worldwide Analysis,
Global Forecast, Review, Share, Size, Growth, Effect.
Description-
Since
thousands of years, people have been betting on the outcomes of
various games and events. This activity is carried at the places such
as casinos, game parlors, bookmakers and currently online gambling.
The online gaming market is one of the fastest growing segments of
the gambling industry.
The
market has witness online gaming business progressively moving
globally, shifting the form of the gambling industry with many
consumers adapting the Internet to gamble on slots, bet on sports or
play cards. The roll-out of broadband services along with the rapid
expansion of smartphone and tablet is one of the factors contributing
to the growth of this market. Additionally, increased consumer
confidence in effective and low-cost payment mechanisms; significant
investment by the online gaming industry to promote its services is
also further driving the market growth.
The
online gambling and betting market is classified as sports betting,
online poker, casino games including games such as slot machines,
online bingo, and online lottery. Though, casinos and land-based
lottery dominate the gambling landscape, online real-money betting
and gambling are growing rapidly across the world.
This
industry has witnessed varied regulatory landscape on online gambling
and betting. Most of the Western European countries have laws in
place to channelize online gambling and betting. Asian and North
American countries’ major online real-money games are still
awaiting progress in gambling and betting regulation. In the U.S.
online gambling is legal only in three states whereas Asian countries
allow gambling and betting only in casino resorts. Increasing demand
of online betting and gambling is forcing governments to act to
regulate.
Some
of the key trends in online gambling and betting industry include
social and mobile gambling. Increasing number of users for mobile
gambling has propelled the growth of online gambling and betting
market. Social gambling, developed from the aspiration of game
developers to monetize gaming on social networks is a key trend
followed by the market players. Moreover, the growing acceptance of
the digital currency Bitcoin is another trend in online gambling,
boosting the growth of the market.
U.S.
States including New Jersey, Nevada and Delaware have allowed online
gambling on their territories, with more states expected to follow in
near future. In November 2013, New Jersey, the largest of the three,
observed legalization of online casinos and generated almost USD 1
million during the first week of operations. The valued amount is
analyzed to reach USD 10 million per month in 2014, with almost
millions of users getting registered. Brazilian gamblers extensively
use offshore sports betting and gambling websites. This market has
observed substantial growth in 2014 owing to the FIFA World Cup in
Brazil. In Argentina and Mexico, online gambling is permitted only
under special license. Argentina has the largest number of registered
online gambling and betting websites in Latin America. With the
legalization of online gambling in several U.S. states, Mexican
casinos are expected to partner with them to boost the market.
New
measures are being enacted in Europe owing to wide spreads online
gambling activities. UK has started to tax online gambling based on
the consumers\' place of residence, to be effective from December
2014. This was initiated to conflict the loss of taxes on betting and
gambling due to its gamblers shifting to offshore websites.
Asia-Pacific
region is expected to witness one of the fastest growths in gambling
and betting market. The growth is mainly driven by Australia that
leads the world in terms of per person gambling, online sports
betting. Japan has a legal online betting site with national lottery
operator. In Kenya, the first regulated online gambling website was
launched in 2013.
The
market is expected to observe industry consolidation with mergers and
acquisition in near future. For instance, Amaya Gaming Group Inc.
acquired Rational Group in June 2014, a company that owns the popular
Full Tilt Poker and PokerStars online sites. Some of the leading
companies in the market include 888 Holdings, Betfair Group, Bwin
Party, Ladbrokes, Paddy Power, PokerStars, and William Hill Online
among others.
–
This research report analyzes this market on the basis of
its market segments, major geographies, and current market trends.
Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
– This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a
complete study of current trends in the market, industry growth
drivers, and restraints. It provides market projections for the
coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed
profiles of top industry players. The report also includes a review
of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
– Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
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