Latest News
Online Gambling Market is Projected to Reach USD 160 Billion by 2026


According to a recent study from market research firm Global Market Insights, The global online gambling market is estimated to witness tremendous revenue growth over the coming years due to an upsurge in smartphone adoption and improving internet infrastructure across the world. Additionally, convenient and easy accessibility to online casino gaming platforms would also complement the overall market outlook over the analysis time period.
Gambling is termed as risking money or anything which is of material value for uncertain results. The initial purpose is of winning an additional amount or material goods. Online gambling also known as internet gambling is basically betting on sports type games or casino done over the internet. Bingo, slots, roulette, keno, poker, lotteries are some of the examples of online gambling.
In addition, various new features introduced by gambling platforms by leveraging technological advancements to attract more customers. This new trend is anticipated to majorly foster the industry size in forthcoming years. Various new technologies like Virtual Reality, 3D Animation, Live Table Games, and convenient as well as mobile-friendly gaming are majorly propelling the market outlook over the coming years.
As per a research report by Global Market Insights Inc., the online gambling market would likely exceed a valuation of $160 billion by the end of 2026.
In terms of type, the online gambling market is bifurcated into bingo, lottery, poker, casino, and betting. The betting segment is further classified into tennis, horse racing, Formula 1, football, esports, and boxing & UFC. Among the other segments, the online betting is the fastest growing segment over the forecast period. In fact, Chabot, machine learning, and AI (Artificial intelligence) have substantially taken over the market. Further, the convenience of cashless payment methods during gaming and increase in the number of female populations in casinos are likely to drive the online gambling industry.
Talking of the lottery segment, though lotteries are still very popular in Colombia, their revenues have progressively diminished as a result of competition from modern games, such as Baloto, which is an electronic lottery game managed by Coljuegos. With the popularity of modern games, the lottery segment might witness slow growth over the coming years.
Based on device type, the online gambling market is classified into desktop and mobile. The desktop device type segment will witness substantial growth over the coming years. The proliferation of sports betting ads across the world and ease of sports betting using desktop is expected to propel segment growth.
On the regional front, the Asia Pacific online gambling industry witnessed a significant upsurge in the industry recently due to the coronavirus pandemic. The strict lockdowns imposed by regional government authorities were responsible for majorly driving the adoption of online betting among APAC customers. In fact, according to the reports of illion Australia and AiphaBeta Australia, Australia witnessed a tremendous 67% rise in online gambling back in April 2020, after the country closed every non-essential service in Australia to keep the case count low. Likewise, the closing of land-based casinos has further resulted in a significant upsurge in the players using online casinos in countries like India.
Similarly, even Global Poker, the US-facing online poker room, reported a tremendous 43% growth in the adoption of online poker platforms across the United States after the lockdowns and social distancing mandates took effect. Additionally, the region observed an immense 255% rise in first-time players. Moreover, a lot of free time in the lockdown has compelled people to use online gambling platforms to pass time, which is majorly pushing the market landscape.
Key Companies covered in online gambling market are 888 Holdings PLC, Bet365 Group Ltd., BetAmerica, bet-at-home.com AG, Betfred, Betsson AB, Buffalo Partners, DraftKings Inc., Flutter Entertainment, GVC Holdings PLC, International Games Technology, Kindred Group PLC, Playtech PLC, Scientific Games, Sky Betting and Gaming, The Stars Group Inc., William Hill PLC.
Source: https://www.gminsights.com/pressrelease/online-gambling-market
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 Projected to Reach USD 160 Billion by 2026

Latest News
TaDa Gaming Releases 10 Sparkling Crown
Leading content provider, TaDa Gaming, is offering palatial style play in new slot release 10 Sparkling Crown. A randomly triggered Jackpot Poker game puts serious dazzle power in players’ hands with special win multipliers applied to the four individual jackpots.
With Expanding Wilds and solid gold Scatters giving multipliers up to 100x the bet, the five reels, three rows and 10 fixed paylines game offers royal win potential with 10,000x max.
Wild Crowns appear on reels two, three and four only and will vertically expand to cover the reel when they hit a prize, turning all positions wild. Gold dollar sign Scatters can appear on all reels. Three, four or five scatters will award multipliers of 5x, 20x or 100x the bet, respectively.
With a fruit salad of symbols alongside Lucky 7s and Golden Bells rolling down the reels and a soundtrack worthy of royalty, the wins can come thick and fast in this mid volatility game.
The randomly triggered bonus Jackpot Poker game injects another layer of excitement into 10 Sparkling Crown. The Club jackpot is equal to 5x the bet; Diamonds gives 20x; Hearts, 50x and the Spades can deliver a game-changing 1000x the bet value. The four suits sit in order at the top of the screen, each showing a jackpot value which could be a whopping €200,000 for Spades.
The bonus game can trigger once a round has completed and all wins collected. Players will see 15 face down cards appear on the screen: select cards by clicking until three matching card suits from Clubs, Diamonds, Hearts or Spades have been revealed which will trigger the corresponding jackpot.
To further ramp up gameplay, there are potentially two types of special cards in the selection that will impact the win value: the Club Deleting Card and the Multiplier Card.
The card showing a Club with a strikethrough image is the Club Deleting Card which removes all the low value Clubs. The Multiplier card brings 2x or 5x the win value and, if both cards appear in the same selection, then the multiplier values are multiplied so the win is then uplifted by 10x.
When three matching card suits are revealed, the corresponding Jackpot Poker Game value is awarded. However, if players take more than five seconds to choose from the face down cards, these will randomly flip themselves over through auto selection.
With a wide betting range from 0.02 to 200 local currency to appeal to all player styles; and turbo play for those who love speed, 10 Sparkling Crown is a beautiful game that delivers big win potential in an easy to play slot with benefits.
Sean Liu, Director of Product Management at TaDa Gaming, said: “10 Sparkling Crown mixes different bonus games and features in a classic fruit slot. This is both enduringly popular with players and a TaDa signature, adding value to TaDa’s exciting and diverse portfolio.”
The post TaDa Gaming Releases 10 Sparkling Crown appeared first on European Gaming Industry News.
Latest News
REEVO Enters into Strategic Partnership with Lebull.pt
REEVO has entered into a strategic partnership with Lebull.pt, one of the fastest-growing casino and sports betting operators in the Portuguese regulated market. This collaboration underscores REEVO’s commitment to delivering cutting-edge, immersive gaming experiences to players worldwide, reinforcing its position as an industry innovator.
Launched in mid-2023, Lebull.pt has rapidly carved a name for itself in Portugal’s competitive online gambling space, earning recognition for its dedication to quality and innovation. With a strong emphasis on providing top-tier entertainment, Lebull.pt continuously seeks to elevate its platform by integrating best-in-class gaming content.
Through this strategic alliance, Lebull.pt players will now have access to REEVO’s exceptional portfolio of casino games via our aggregation platform, renowned for their engaging gameplay, superior graphics and innovative mechanics. The partnership will ensure that Portuguese players can experience a diverse range of high-quality titles tailored to enhance their gaming experience.
Tiago Pereira, Country Manager of Lebull.pt, said: “LeBull.pt has been committed to delivering a world-class gaming experience to our players since day one, and our partnership with REEVO marks an exciting step in that direction. REEVO’s innovative and high-quality casino games align perfectly with our vision of providing a top-tier casino experience. This collaboration will enhance our platform with engaging and immersive content, ensuring our players always have access to the best gaming in the Portuguese regulated market.”
Karl Grech, Head of Business Development at REEVO, said: “At REEVO, we are always looking to collaborate with forward-thinking operators that share our passion for innovation and excellence. Partnering with Lebull.pt, a rising star in the Portuguese market, allows us to bring our cutting-edge content to an even wider audience. We are excited to work together to provide players with an unparalleled gaming experience, ensuring they enjoy the very best that online casino entertainment has to offer.”
The post REEVO Enters into Strategic Partnership with Lebull.pt appeared first on European Gaming Industry News.
Latest News
QTech Games bolsters its emerging markets platform with PG Soft
Leading distributor for emerging markets consolidates its pre-eminent offering with content from another established star in video slots and table games
QTech Games, the leading game aggregator for all emerging markets, has penned its latest provider partnership with PG Soft (Pocket Games Soft), enabling its platform customers to access this revered supplier’s multi-faceted catalogue which spans video slots and table games.
PG Soft, an emerging force in the igaming domain, draws from a deep well of slot games, including popular titles such as Wild Bandito, Candy Burst and Medusa. These hits often feature fresh twists on classic game themes, coupled with a mix of engaging cascades and reel layouts, packed with bonus games, multipliers, Turbo and Autoplay features. Accordingly, this progressive gaming suite now forms part of a wider market-leading portfolio made available by QTech Games to its clients.
By deploying the state-of-the-art technology from traditional tables to creative 3D video slots, PG Soft games are fully optimised for mobile as well as desktop to ensure the best gaming experience for all types of players. With a global-market approach, these games cater for every taste, from the more conventional Vegas-style to modern casual themes. Their well-balanced gameplay mechanics, varied volatility and maths models are already attracting new cohorts of players across the planet.
Founded and based in Valletta in 2015, PG Soft has subsequently broadened its international influence with offices in Riga and London. And this new agreement organically broadens PG Soft’s geographic footprint even further, targeting emerging markets from Asia and Eastern Europe to Latin America, and creating new revenue streams. As the fastest-growing distributor in Asia over the past few years, QTech’s platform offers the most expansive gaming portfolio around, localised for each region, with native mobile apps, powerful reporting and marketing tools, and 24/7 local-language support.
QTech Games’ CEO, Philip Doftvik, said: “It’s another ringing endorsement for our platform to have integrated more premium content from PG Soft. Theirs is a constantly growing and innovating library, delivering consistent support to the growth of our broad gaming-vertical spread, courtesy of some high-quality graphics, gameplay and unique features.
“PG Soft are a creative and fast-growing igaming content provider, fusing a passion for gaming with extensive expertise in the industry. Together, we will continue to raise the bar and shape a localised experience for global players. We can’t wait to witness how these games perform across a range of untapped markets which, in many cases, represent new territory for PG Soft.”
A PG Soft spokesperson added: “QTech Games is a hotbed for superior online casino games and player-engagement tools, so we were keen to put our shoulders to their impressive distributional wheel. As we look to expand across developing regions, their market-leading platform provides a flexible gateway to some previously overlooked territories.
“PG Soft is purposefully comprised of next-generation innovators who are enthusiastic and driven to continuously create breakthrough titles which resonate with modern audiences. As such, we will always strive to deliver the best gaming experience in a safe and responsible manner.
“PG Soft continues to create top-tier slot games with well-balanced gameplay and unique features, framed by engaging visuals and immersive soundscapes. Needless to say, entering into this QTech agreement tracks our core strategy to fully leverage our reach, and we look forward to seeing how new players embrace our games.”
The post QTech Games bolsters its emerging markets platform with PG Soft appeared first on European Gaming Industry News.
-
Latest News1 month ago
Exclusive Q&A With Bar Konson, Chief Business Development Officer at NuxGame
-
Latest News1 month ago
SARA TENDULKAR JOINS JETSYNTHESYS’ GLOBAL E-CRICKET PREMIER LEAGUE AS MUMBAI FRANCHISE OWNER FOR SEASON 2
-
Latest News3 weeks ago
Week 17/2025 slot games releases
-
Latest News3 weeks ago
Fortuna Partners with 2025 UEFA Under-21 EURO
-
Latest News4 weeks ago
Esports World Cup Foundation Confirms Full Game Lineup, Schedule, and Club Championship Rules for EWC 2025
-
Latest News6 days ago
ELA Games Receives Key Nomination at EGR Marketing & Innovation Awards
-
Latest News1 month ago
DreamPlay consolidates its status as a global player in the iGaming industry and opens an office and campus in Cyprus
-
Latest News4 weeks ago
ACR POKER’S NEXT HIGH STAKES ADVENTURE TAKES PLAYERS TO MONTENEGRO FOR PRESTIGIOUS SUPER HIGH ROLLER SERIES
You must be logged in to post a comment Login