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Online Gambling Market is Rising Due to the Fast Internet Connectivity and Usage of Real Money
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According to Market Research Future, the global online gambling market has been segmented based on game type, device type, end-user, and region/country.
Rapid technological advancements and an increase in the number of gambling users across the globe are some of the factors that are influencing the growth of the online gambling market.
The growth in the adoption of smartphones is transforming the online gambling market as most of the betting and casino consumers are using smartphones to play the games and earn real money. In recent years, online gambling service providers have also incorporated social media platforms, such as YouTube, Facebook, and Instagram to attract new customers.
The adoption of virtual currency such as cryptocurrency in the gambling market by gambling vendors is a major trend in the global mobile gambling market. For instance, the mobile gambling market in Nevada accepts cryptocurrency or virtual money from the players. The integration of virtual money in the gambling market has reduced the risk of security concerns related to cash transactions. The online cash transactions help gambling vendors to distribute the prize money in the form of redeemable coupons, which can be used to play other games as well. It also provides customer spending history to gambling providers who help them to customize their marketing strategy.
The increasing interest of mobile gambling among youngsters, development of infrastructure, increasing foreign investments, legalization of mobile gambling in various countries across the world, and relaxation of government regulations and policies are some of the drivers of the growth of the mobile gambling market.
However, security issues related to online payments in mobile gambling and rising addictive behavior which may affect the low-income population as they may not be able to afford losses, are some of the factors which may hinder the growth of the mobile gambling market. The global online gambling market has been analyzed for five regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
Segmentation:
By game type, the global gambling market has been segmented into betting, casino, poker, lottery, online bingo, and others. The casino segment accounted for the largest market share in 2018, whereas the poker segment is expected to register the highest CAGR during the forecast period. This is because online poker is preferred by many players as it offers a variety of games for selection, which is not the case in poker rooms. Also, mobile poker is simple and convenient to use as the player can join the game remotely without being physically present in the poker room.
By device type, the global gambling market has been segmented into mobile and desktop. The mobile segment has the highest market share, and it is expected to register the highest CAGR during the forecast period. This is due to the increasing adoption of smartphones.
By end-users, the global gambling market has been segmented into gambling enthusiasts, social exuberant, and dabblers. The gambling enthusiasts segment accounted for the largest market share, whereas the social exuberant segment is projected to register the highest CAGR during the forecast period. The social exuberant segment includes social media influencers and promoters. These players are highly visible on online gambling platforms, exploring new games online and might be a part of paid promotions by online gambling operators. These players often upload pictures or posts regarding mobile or online gambling on social media.
Regional Analysis:
The Global Online Gambling Market is estimated to register a CAGR of 13.2% over the forecast period. The geographic analysis of the global online gambling market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
Europe holds the largest market share as the companies in this region are leading in terms of advanced technologies; furthermore, the region also has favorable government rules and regulations across various countries. Europe has been segmented into the UK, Germany, France, and the rest of Europe. Some of the largest global online gambling companies operating in the market, such as Kindred Group PLC, Bet365, and 888 Holdings have originated in Europe.
The market in Asia-Pacific is expected to register the highest CAGR during the forecasted period (2019–2025) due to the increase in foreign investments and the rising popularity of mobile gambling across this region.
Competitive Dashboard:
The Global Online Gambling Market is witnessing high growth due to the rise in demand from various end-users such as gambling enthusiasts, social exuberant, and dabblers. Major players have opted for partnerships and new product development as their key organic growth strategies and also opted inorganic growth strategies to enhance their positions in the market and cater to the demands of the end-users. In Nov 2017, Stride Gaming PLC, a company based in the UK, acquired an India-based rummy game platform provider, Passion Gaming Private Limited. Stride Gaming, with the advantage of its proprietary technology combined with Passion Gaming, is focusing on creating a highly attractive proposition in the Indian online gambling market. Similarly, in Sep 2018, The Stars Group launched its BetStars online sports betting brand in New Jersey in partnership with resorts, casinos, and hotels. The BetStars platform allows online depositing and withdrawal options, in-game betting, early cash out options, and various bonuses to its users.
Key Players
The Key Players in the Global Online Gambling Market are identified based on their country of origin, presence across different regions, recent developments, product diversification, and industry expertise. These include International Game Technology PLC (US), The Stars Group (Canada), Betsson AB (Sweden), Kindred Group Plc (Malta), Net Entertainment (Sweden), Paddy Power Betfair PLC (Ireland), 888 Holdings PLC (UK), Ladbrokes Betting & Gaming Ltd.(UK), Bet-at-home.com (UK), Bwin. Party Digital Entertainment (Austria), Betfair Group plc. (UK), William Hill Plc (UK), Scientific Games (US), bet365 (UK), VGC Holdings PLC (Isle of Man), Spin Inc. (US), Betway (Europe), and Royal Panda (Europe). The key strategies adopted by most of the players are partnerships, agreements, and collaborations.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Online Gambling Market is Rising Due to the Fast Internet Connectivity and Usage of Real Money
Latest News
Continent 8 kicks off operations in Missouri, powering the new online sports betting market
Continent 8 Technologies, the leading provider of global managed hosting, connectivity, cloud and cybersecurity solutions to the iGaming and online sports betting industry, is pleased to announce its continued expansion in the US with the launch of its data center and managed and professional services in Missouri.
Following the approval of Missouri Amendment 2 on November 5, 2024, the Missouri Gaming Commission (MGC) is preparing the state for the launch of its regulated online sports betting market, scheduled for December 1, 2025. Continent 8’s first-to-market strategic approach provides Missouri online sports betting operators and suppliers with immediate access to Continent 8’s data center, along with a full suite of best-in-class services that facilitate the rapid deployment of secure, resilient, zero-compromise gaming platforms.
The US continues to be a strategic market for Continent 8, as it remains not only the fastest growing, but only end-to-end solutions provider for the gaming industry in the nation. Continent 8 possesses requisite regulatory licenses, certifications, approvals and registrations across more than 30 states, including Michigan, New Jersey, Pennsylvania and now Missouri. The most recent EGR Power US Rankings underscores Continent 8’s position as the premier service provider in the industry, servicing and supporting 95% of the listed operators.
Michael Tobin, CEO and Founder of Continent 8 Technologies, stated: “The approval of Missouri Amendment 2 highlights the continuous growth of the regulated and highly competitive US online sports betting market. We are thrilled to already be engaged with numerous customers and actively preparing their environments for the soon-to-open market.
“Our approach, anchored in regulatory compliance, ensures that gaming operators and suppliers are equipped with market-ready solutions to swiftly establish state-compliant, secure and uncompromising infrastructures, while providing ample time to optimize their platforms well in advance of the state’s launch date.”
For insights into Missouri’s online sports betting market, schedule a meeting with Continent 8 at NEXT Summit New York 2025 (Booth 7), from March 12-13.
The post Continent 8 kicks off operations in Missouri, powering the new online sports betting market appeared first on European Gaming Industry News.
The prestigious Grupo Orenes has added Zitro’s CONCEPT cabinet line at Caliente Casino Querétaro.
This new addition is performing spectacularly well in international markets and is now also showing impressive results at their casino in Santiago de Querétaro. Its innovative Magic Lighting system provides a spectacle of lights synchronized with the game, and a giant Screen Deck provides comfort and functionality for both players and the operational team, among many other features that make it a global success.
In addition to the new CONCEPT cabinets, the alliance between Caliente and Zitro is reinforced by the successful Legendary Sword multi-game. This game transports players to a medieval world where, with the help of a magic sword, they can double their prizes through unique mechanics.
Luis Moya, Corporate General Manager of Grupo Orenes Mexico, highlighted, “We are very satisfied with the incorporation of CONCEPT to our entertainment offer. For us, it is fundamental to understand the preferences of our clients, which is why, once again, we rely on Zitro to offer the diversity and fun that players expect while ensuring high performance in our casino. Zitro is, without a doubt, a safe bet.”
For his part, Johnny Viveiros Ortiz, founder of Zitro, declared: “We are proud to continue strengthening our relationship with Grupo Orenes, a highly prestigious operator in the industry. The addition of our CONCEPT cabinet line in their casino reaffirms our commitment to continue innovating and offering game experiences that make a difference. We are sure that this new bet will be a success for both parties and, above all, for players”.
The post THE MEXICAN CASINO CALIENTE QUERÉTARO INTRODUCES ZITRO’S CONCEPT CABINET LINE appeared first on European Gaming Industry News.
Play for 18 WSOP Gold Rings and massive cash prizes from March 2 – $2M in WSOP Main Event packages and Road to Vegas tickets also to be won
GGPoker, the World’s Biggest Poker Room, is thrilled to announce the return of the highly anticipated WSOP Super Circuit online tournament series, scheduled to run from Sunday, March 2 through Monday, March 31. This year’s series boasts a monumental $100 million in guaranteed prizes, reaffirming GGPoker’s commitment to delivering the biggest and best poker experiences.
The 2025 WSOP Super Circuit features 18 prestigious WSOP Gold Ring events, each awarding the coveted ring alongside substantial prize pools.
Highlighted Ring Events:
- #2: $108 Mystery Bounty Kick-Off – March 2 – $108 buy-in – $1.5M GTD – $100K Top Bounty
- #6: $215 Mystery Millions [Day 2] – March 19 – $215 buy-in – $5M GTD – $500K Top Bounty
- #18: WSOP Super Circuit MAIN EVENT [Day 2] – March 31 – $525 buy-in – $10M GTD
In addition to the substantial prize pools, all WSOP Ring event winners will receive an invitation to the $1 million WSOP Tournament of Champions, set to take place during the World Series of Poker in Las Vegas this summer. This exclusive freeroll bracelet event offers champions a chance to compete for additional glory on poker’s grandest stage.
WSOP Super Circuit gold ring winners will also receive free entry to the exclusive GG Lounge in Las Vegas during this year’s WSOP summer event.
GGPoker Global Ambassador Daniel Negreanu expressed his enthusiasm: “Winning a WSOP gold ring is special. I still treasure my first (and only!) WSOP Circuit Ring, which I won in 2006. The WSOP Super Circuit at GGPoker allows players to chase gold and glory from the comfort of their homes; now is the time to take your shot.”
Beyond the ring events, the series includes a comprehensive schedule of side events and satellite tournaments, catering to players of all levels and bankrolls.
At least $2M in WSOP Main Event packages and satellite tickets to GGPoker’s upcoming Road To Vegas qualifier tournaments are also up for grabs during this year’s WSOP Super Circuit. For the chance to grab your share, simply play in WSOP Super Circuit events; $20, $150 and $1,200 Road To Vegas tickets and $12K WSOP Main Event packages will be randomly awarded during series events.
New GGPoker players are eligible for the platform’s Welcome Bonus and can participate in the Honeymoon for Newcomers promotion, which offers additional rewards during their initial days on the site. All players are automatically enrolled in GGPoker’s Fish Buffet loyalty program, which provides regular cash prizes and incentives.
For a detailed schedule and more information about the WSOP Super Circuit 2025 online tournament series, please visit: ggpoker.com/tournaments/wsop-super-circuit-2025/
The post GGPoker Announces Return Of WSOP Super Circuit With $100M Prize Guarantee appeared first on European Gaming Industry News.
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