Global Market Insights, Inc.: Online Gambling Market Growth Predicted at Over 16% Through 2026

According to the latest reportOnline Gambling market by Type (Betting [Boxing & UFC], Football, Formula1, Horse Racing and Tennis], Casino [Baccarat Blackjack, Roulette, Spins], Poker], Lottery, Bingo], Device Type (Desktop or Mobile), Regional Outlook (Price Trends), Competitive Market Share & Forecast (2026)

Global Market Insights, Inc. estimates that the online gambling market will reach $160 billion in 2026. The market demand will be driven by the increasing adoption of smartphones, improved internet infrastructure, and accessibility to online casino gaming platforms.

Online gambling is experiencing rapid growth in internet infrastructure and mobile apps. Gamblers can now play online with multiple people through fast internet connectivity. This has led to a significant increase in both the number and time spent on these games. Annenberg Public Policy Center, (APPC) estimates that 20% of college students play poker online at least once a month.

Online poker is gaining popularity among youth. Online poker has gained popularity in the U.S., UK, China and other European countries. It is expected to grow in India in the next few years. Rummy is a popular card game in the international gambling industry. Rummy is a popular card game that has led to many online platforms that allow players from all over the world to play. Online poker is also popular because many sites accept deposits from credit cards, online wallets, and virtual currencies.

The online gambling market is changing due to the increasing number of internet users using smartphones. Web ARChive (WARC) estimates that around two billion people accessed the internet through their smartphones in January 2019. These people use their smartphones to gamble and make real money. To attract new customers, online gambling service providers are now focusing on social media platforms like Instagram, YouTube and Facebook.

The COVID-19 pandemic played a significant role in Asia Pacific's adoption of online gambling. Due to the tight restrictions imposed by governments, the current crisis has accelerated the use of gambling among consumers. AlphaBeta Australia Pty Ltd. and illion Australia Pty Ltd. conducted a joint study that revealed 67% more online gambling activity in April 2020 after the Australian government shut down all non-essential services. The shutdown of all land-based casinos resulted also in an increase in players at Indian online casinos.

The Stars Group is one of the most prominent online gambling players. To increase their market share, key companies are expanding around the world. Bet365, for example, signed a long-term lease agreement in March 2019 for 19,000 square feet of office space in Marlton in New Jersey. The company hopes to increase its presence in the U.S. market with this move. How to Space in Europe's Lottery Market