Global Online Gambling & Betting Market Overview:
Gambling is defined as risking money or material value for a certain result. Online gambling is commonly known as internet gambling. It is typically betting on casino or sports type games over the internet. Gambling primarily requires three things, consideration, risk, and prize. Nowadays online gambling and betting are rising owing to urbanization and the rise in the adoption of mobile phones.
- Constant Development in the Internet Infrastructure Along With Rising in Adoption of Mobile Phones
- Increase in Gamification of Online Gambling Industry
- Rise Urbanization & Disposable Income
- Rising Awareness of the Latest Technologies
- Stringent Rules And Regulations For Online Gambling
- Improved Security for OnlineTransaction will Increase Digital Transaction
- Concerns Regarding Gambling Frauds
- Difficulties in Authentication
Some of the key players profiled in the report are 888 Holdings plc. (Gibraltar), The Stars Group (Canada), Paddy Power Betfair plc (Ireland), GVC Holdings Plc (Isle of Man), Bet365 Group Ltd (United Kingdom), Kindred Group (Malta), William Hill plc (United Kingdom), BETSSON AB (Sweden), mybet Holding (Germany), Rank Group (United Kingdom) and Hong Kong Jockey Club (HongKong). Additionally, following companies can also be profiled that are part of our coverage like Fortuna Entertainment Group (Netherlands), The Betway Group (Malta) and Playtech (Isle of Man). Analyst at AMA Research see United States Players to retain maximum share of Global Online Gambling & Betting market by 2025. Considering Market by Device Type, the sub-segment i.e. Desktop will boost the Online Gambling & Betting market. Considering Market by Component, the sub-segment i.e. Hardware will boost the Online Gambling & Betting market.
On June 28, 2001 - The Australian Government passed the Interactive Gambling Act 2001 (IGA). The government said that the IGA was important to protect Australians from the harmful effects of gambling. The offense applies to all interactive gambling service providers, whether based in Australia or offshore, whether Australian or foreign-owned. The IGA makes it an offense to provide an interactive gambling service to a customer physically present in Australia, but it is not an offense for Australian residents to play poker or casino games online. Sports betting online is legal in Australia, with many state government licensed sportsbooks in operation.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Online Gambling & Betting market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Online Gambling & Betting market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Online Gambling and Betting Service Providers, Application Platform Providers, Research organizations and consulting companies, Network Solution Provider, Network Service Providers, Gambling Industry, Governmental Bodies and Research Firms.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.