At 7.91% CAGR, Online Gambling Market Size Worth $77.42 Billion By 2026 says Brandessence Market Research – GlobeNewswire

Pune, India , Dec. 29, 2020 (GLOBE NEWSWIRE) — The global demand for online gambling market in terms of revenue was worth of USD 45837.26 million in 2019 and is expected to reach USD 77420.56 million in 2026, growing at a CAGR of 7.91% from 2019 to 2026. The online gambling market is expected to grow at significant growth rate due to number of driving factors.

The study provides a crucial view of online gambling market by segmenting the market based on type, end-user, and region. Based upon type, online gambling market is segmented into live casino, slots, bingo, and others. Based upon end-user, online gambling market is segmented intomobile, desktop and others.  The regions covered in global online gambling market are North America, Europe, Asia-Pacific, and Rest of the World. On the basis of country level, global online gambling market is sub divided into U.S., Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Brazil, Mexico, GCC, Africa and etc.

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Increasing adoption of smartphones, surge in internet penetration and availability of cost-effective mobile applications for betting are some key impacting factors contributing to online gambling market growth within the forecast period. According to Internet Innovation Alliance report, In 2016, a total of 1.5 billion smartphones were sold worldwide and it is estimated that the U.S. will have