As per a research report by Global Market Insights Inc., the online gambling market would likely exceed a valuation of $160 billion by the end of 2026. In terms of type, the online gambling market is bifurcated into bingo, lottery, poker, casino, and betting. The betting segment is further classified into tennis, horse racing, Formula 1, football, esports, and boxing & UFC. Among the other segments, the online betting is the fastest growing segment over the forecast period. In Global online gambling & betting market expected to reach USD 94.4 billion globally by 2024, growing at a CAGR of around 10.9% between 2018 and 2024. Online gambling & betting is a form of gambling that is played by means of computer, mobile, laptop, and tablet through the internet. This statistic shows the global online gambling market size from 2009 to 2024 . The current size of the market is almost 46 billion U.S. dollars, meaning the size is forecast to double in the 12.6.1 Australia Online Gambling and Betting Market (USD Million) Size by Type (2015-2020) 12.6.2 Australia Online Gambling and Betting Revenue Market Size by Applications (2015-2020) 12.7 South East Asia; 12.7.1 South East Asia Online Gambling and Betting Market (USD Million) Size by Type (2015-2020) GLOBAL ONLINE GAMBLING MARKET SIZE TO REACH USD 74.36 BILLION BY 2023, GROWING AT A CAGR OF 9% DURING THE FORECAST PERIOD. Online Gambling Market Size, Share, Trends, Analysis Report by Product (Betting, Casino, and Lottery), Platform (Desktop and Mobile), and Geography (APAC, Europe, North America, Latin America, and Middle East & Africa), Industry Analysis Report, Regional Outlook, Growth According to the report, the market valuation of online gambling will cross $160 billion by 2026. A rise in the adoption of smartphones, improvement in internet infrastructure and easy accessibility to casino gaming platforms will drive the market demand. Increasing internet users on smartphones are transforming the online gambling market. According to Web ARChive (WARC), around two billion users accessed the internet via their smartphone as of January 2019. These users use The global online gambling market size was valued at USD 27.56 billion in 2014 and is expected to grow at 9.8% CAGR over the forecast period. Continuous technological advancements such as handheld devices and smart phone penetration are key driving factors in the market. This, in turn, has resulted in rise in consumer inclination toward online gambling over conventional gambling. Global online
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