The global online gambling market is growing at a gigantic pace
The capitalization of the global virtual gambling market will grow significantly in the next five years. According to research Global Market Insights Very soon, participants in this market are expected to see a huge increase in income.
According to the company's experts Online gambling to grow to $160 billion by 2026. The growth will be driven by the comfort that gamers of virtual casinos and gaming platforms increasingly receive. We are talking about the possibility of fast payments, real help from qualified support service specialists, etc.
In addition, the driver that launched the rise of virtual gambling was the quarantine measures taken around the world due to the spread of the COVID-19 pandemic. After the closure of land-based clubs, gamblers had no choice but to go online. At the same time, many gamers had never used the services of virtual casinos before the quarantine. A rapid increase in visitors to gambling sites was recorded in the Asia-Pacific region and India. Europe is not far behind.
Online poker rooms have also seen a significant upswing. Over the past six months, they have seen a significant increase in visitor numbers. This has become especially noticeable on sites targeting US players. They now have 43% more users than a year ago. However, even more impressive are the numbers that reflect the situation with new players who came online for the first time to play poker. They have increased by 255%!
At the same time, the traditional gambling sector is suffering significant losses. We are talking about land-based casinos around the world. For example, in Macau, the total turnover of the gambling industry market has decreased by more than 55%. As a result, revenues have also fallen. Moreover, the decline began even before the pandemic. In Macau, not a single large casino was opened in 2019, while in 2018 there were several.
The key companies that will be the “locomotives” of growth in the global online gambling industry are Bet365 and 888 Holdings PLC, BetAmerica and Betsson AB, DraftKings Inc. and Flutter Entertainment, Kindred Group PLC and Sky Betting and Gaming, Playtech PLC and Scientific Games, The Stars Group Inc, etc.
