Online betting, also known as online gambling, is all the bet activities you place using the internet. That is possible because the betting industry, which before was very traditional and to bet you had to go to the casinos directly, expanded their business to the internet as a way to make more profit and make the life of the people that enjoy betting easier.
This activity became popular in 1990, in that year was only 15 gambling websites but six years later this increased to 200 and with the time the gambling industry got bigger and changed due to technology, and nowadays online betting is very popular in all the countries because the bettors can easily place their bets in the comfort of their home and with any device that can connect to the internet (iPhone, computer, tablet).
The Online Betting market covers Casino, Sports Betting, Poker, Bingo, Lottery, Others, etc. The typical players include Bet365, Kindred Group, Entain plc (formerly GVC Holdings), Flutter Entertainment, William Hill, Pinnacle, The Stars Group, etc.
According to the new market research report “Online Betting - Global Market Insights and Sales Trends 2024”, published by QYResearch, the global Online Betting market size is projected to reach USD 183.4 billion by 2029, at a CAGR of 8.0% during the forecast period.
- Global Online Betting Market Size(US$ Million), 2018-2029
Source: QYResearch, "Online Betting - Global Market Insights and Sales Trends 2024”
- Global Online Betting Top17Players Ranking and Market Share（Based on data of 2021, Continually updated）
Source: QYResearch, "Online Betting - Global Market Insights and Sales Trends 2024”
The global key manufacturers of Online Betting include Flutter Entertainment, Bet365, Entain plc, Kindred Group, William Hill, 888 Holdings, Gamesys, SBOBET, Betsson AB, Pinnacle, etc. In 2021, the global top five players had a share approximately 23.0% in terms of revenue.
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