Online Gambling Market Size Europe

DUBLIN--(BUSINESS WIRE)--The 'Global Online Casino Market - By Game Type (Poker, Slots, Table Games, Card Games, Others), By Device (Desktops and Laptops, Mobiles & Tablets) - Opportunities and Forecast (2018 Edition): Forecast to 2023' report has been added to ResearchAndMarkets.com's offering.

Global online casino market is projected to display a robust growth represented by a CAGR of 8.02% during 2018 - 2023.

Global online gambling and betting market are driven by increasing penetration of smartphone and internet, rising urbanization & disposable incomes, Constant development in the internet infrastructure and presence of a major player in Europe. Here are few key highlights on online gambling market till now and Emerging Evolution: This industry has witnessed varied regulatory landscape on online gambling and betting. Most of the Western European countries have laws in place to channelize.

The market of online casino witnessed growth at a noteworthy rate over the past few years and in the forecast period on the heels of rising internet population and smartphone penetration along with rising disposable incomes. Amongst the regions, Europe accounts for the largest regional share in the global online casino market in 2017. Key factors driving the robust growth rate of European region include supporting policy and regulations coupled with high number of online gamers.

Global Online Casino Market report has covered and analysed the potential of Global Online Casino Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation.

The report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global online casino. Additionally, the report also highlights market entry dynamics for various companies across the globe.

Key Topics Covered:

Research Methodology
Executive Summary
Strategic Recommendations
Online Casino Outlook
Online Casino Market: Growth and Forecast
Global Online Casino Market - Segment Analysis
Global Online Casino Market: Analysis By Device Type
Global Online Casino Market Size: Regional Analysis
Europe Online Casino Market: Growth and Forecast
Asia Pacific Online Casino Market: Growth and Forecast
Market Dynamics
SWOT Analysis
Policy and Regulations
Competitive Landscape

Companies Mentioned

Bettson AB
888 Holdings PLC
The Stars Group
GVC Holdings PLC
NetEnt
PaddyPower Betfair
Kindred
William Hill

For more information about this report, visit https://www.researchandmarkets.com/research/jv7s4s/global_online?w=4.

Gambling Market Research Reports, Analysis & Trends

Gambling industry comprises establishments that operate by providing and rendering gambling facilities or offer gaming activities which includes casinos, casino resorts and hotels, bingo halls, lotteries, and off-track betting. This industry consists of gambling facilities that offer table wagering games and other gambling activities, such as slot machines and sports betting.

These establishments often provide food, beverage and lodging services. The industry also includes legal online gaming on casino-type game. According to the National Conference of State Legislatures, the gaming operators mainly provide a place or a means to play games of chance, where the odds of winning favor the house. Popular casino games are slot machines (slots); video poker; and table games such as roulette, baccarat, blackjack, and craps (dice). The house take on slot machines varies, depending upon the denomination of the slot machine, but generally runs between 5% and 10%. The take on most table games may be higher, from 15-30%. State lottery games are mainly numbers games. State lotteries often retain between 30% and 40% of all money bet.

The global online gambling sector generated revenue of almost $30 billion in 2010, having recorded yearly growth of almost 14% for the four preceding years, according to MarketLine. The casino and gaming industry in the US generated almost $89 billion in 2010, having recorded yearly growth of almost 1% for the four preceding years, reports MarketLine. Market growth is expected to accelerate to a yearly rate of 5% between 2010 and 2015 to exceed $111 billion. Casinos represented the leading market segment in terms of revenue in 2010, worth over $30 billion or more than 34% of the overall market.

Current Trends in Gambling Market

European Online Gambling Market Size

Demand for gambling is driven by consumer income growth and state spending. The profitability of individual companies depends on efficient operations and effective marketing. Large operators have the financial resources to make significant investments in facilities and efficient computer operations; they may also enjoy cross-marketing opportunities. Small gambling facilities can thrive by catering to local residents, who may not be able to afford travel to such gambling centers as Las Vegas or Atlantic City. The US industry is concentrated: the top 50 gaming companies hold about 60% of the market. The casino hotel market is even more concentrated, with the top 50 US firms holding 90% of the market.

Online Gambling Market Size Europe Free

According to MarketLine, the global gambling market for casinos and gaming recorded almost 8% expansion in 2010 to reach close to $382 billion. The industry is forecast to exceed 3% growth in the five-year period ending 2015 to total nearly $513 billion. Lotteries represent the leading segment of the global casino and gaming industry, generating more than 29% of market value. Gaming revenue varies greatly depending on each region, with certain nations putting a ban on gambling while others allow it. The global gambling industry is dominated by developed nations, with the US, the EU and Japan combined accounting for close to 70% of the overall market. The gambling sector is expected to record significant growth in emerging markets like Asia and Latin America over the coming years. Technology will continue to play a pivotal role in developing the global gambling industry, with internet gaming and mobile gaming reaching an ever-expanding customer base.

Market Share

Major Gambling Industry Players

Major players in the gambling industry include Caesars Entertainment, Las Vegas Sands, MGM Resorts, GTECH, Galaxy Entertainment, SJM Holdings, Tatts Group, and William Hill.