By Device Type (Desktop, Mobile), End User (Gambling Enthusiasts, Social Exuberant, Dabblers) – Industry Trends and Forecast to 2030.
Poker Lottery Online Gambling Market Analysis and Size
The global poker lottery online gambling market has a huge potential to grow over the forecast period 2023-2030, due to the increasing adoption of smartphones and easy access to casino gaming across the globe. In addition, rising adoption of digital currency in online gambling and availability of different payment method is also largely influencing the growth of the global poker lottery online gambling market. Also the rising internet penetration, evolution of technology and easy availability of cost-effective mobile applications for betting is another driver flourishing the demand of global poker lottery online gambling market, which in turn is raising the growth of the target market.
Data Bridge Market Research analyses that the global poker lottery online gambling market which was USD 51,039.01 million in 2022, is expected to reach USD 148,998.27 million by 2030, and is expected to undergo a CAGR of 12.9% during the forecast period of 2023 to 2030. In 2022, “desktop” is expected to dominate the device type segment as an enhanced gaming experience is provided by the performance features provided by desktops, including audio quality, visual quality, and customisable storage space. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Poker Lottery Online Gambling Market Scope and Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Years
|
2021 (Customizable Years 2015-2020)
|
|
Quantitative Units
|
Revenue in USD Million, Pricing in USD
|
|
Segments Covered
|
Device Type (Desktop, Mobile), End User (Gambling Enthusiasts, Social Exuberant, Dabblers)
|
|
Countries Covered
|
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa
|
|
Market Players Covered
|
The 888 Group Bet (U.K.), BetAmerica (U.S.), bet-at-home (Germany), Betfred (U.K.), betsson ab (Sweden), Buffalo Partners (U.S.), DraftKings (U.S.), Flutter Entertainment plc (Ireland), Entain (U.K.), IGT (U.S.), 32Red (U.K.), Kindred Group plc (Malta), Playtech (U.K.), MeLbet (Cyprus), Kairo International (U.K.), CODERE, S.A. (Spain), Scientific Games (U.S.), Sky Betting & Gaming (U.K.), The Stars Group Inc (Canada), and William Hill plc (U.K.)
|
|
Market Opportunities
|
|
Market Definition
Online gambling generally refers to the betting of money online to gamble at anytime and anywhere. Gambling is not only limited to playing cards, but it has also long-drawn-out over the internet, counting sports betting, online casinos and bingo. Online gambling usually uses two technologies such as digital television and the internet. Also, the online gambling procedure supports multiple currencies which depend upon the gambler’s location.
Global Poker Lottery Online Gambling Market Dynamics
Driver
- Rising Adoption of Digital Currency in Online Gambling
Improved security, more anonymity, and lower transaction fees are the main elements influencing the adoption of cryptocurrencies in online casinos. Digital currencies are less prone to fraud and hacking than conventional payment methods because of their decentralised nature. Additionally, digital currency's lower transaction fees enable online casinos to reduce their operating expenses.
The acceptance of cryptocurrencies is only expected to grow, according to current patterns in their use for online gaming. According to a recent study, more than 50% of online gamblers utilise cryptocurrencies, and 90% of those who do have used Bitcoin.
Restraint/Challenge
- Stringent Regulatory Standards
The Unlawful Internet gambling Enforcement Act (UIEGA) has a lot of influence over gambling in the United States. The Unlawful Internet Gambling Enforcement Act (UIGEA) prohibits online gaming businesses from collecting funds, however payment processors may still accept bets in jurisdictions that specifically permit real-money internet gambling.
Opportunity
- Technological Advancements in Online Gambling
The market for online poker has grown dramatically in recent years because to cutting-edge technologies that are continually being included into the game. Poker will see a tremendous increase in the application of blockchain technology. Players will be able to save and trade information, including game history and outcomes, using blockchain. This will lessen the likelihood of disagreements and boost the game's transparency.
This global poker lottery online gambling market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global poker lottery online gambling market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In August 2020, Kambi Group plc has signed a multi-year agreement with a subsidiary of Churchill Downs Incorporated (CDI) to become the sportsbook technology and services provider to CDI’s BetAmerica sports betting brand. BetAmerica sportsbooks are currently available in New Jersey, Pennsylvania, Indiana and Mississippi
Global Poker Lottery Online Gambling Market Scope
The global poker lottery online gambling market is segmented on the basis of device type and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Device Type
- Mobile
- Desktop
- Others
End User
- Gambling Enthusiasts
- Social Exuberant
- Dabbles
Global Poker lottery online gambling Market Regional Analysis/Insights
Global poker lottery online gambling market is analyzed and market size, volume information is provided by country, device type and end user as referenced above.
The countries covered in the global poker lottery online gambling market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
Europe leads the global poker lottery online gambling market owing to legalization of online gambling in U.K. due to safe practices and strict regulations laid down by the government in the region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2023-2030 because of the high adoption of smartphones, bigger proportion of younger population along with the legalization of online gambling within this particular region.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Poker lottery online gambling Market Share Analysis
The global poker lottery online gambling market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to global poker lottery online gambling market.
Some of the major players operating in the global poker lottery online gambling market are:
- The 888 Group Bet (U.K.)
- BetAmerica (U.S.)
- bet-at-home (Germany)
- Betfred (U.K.)
- betsson ab (Sweden)
- Buffalo Partners (U.S.)
- DraftKings (U.S.)
- Flutter Entertainment plc (Ireland)
- Entain (U.K.)
- IGT (U.S.)
- 32Red (U.K.)
- Kindred Group plc (Malta)
- Playtech (U.K.)
- MeLbet (Cyprus)
- Kairo International (U.K.)
- CODERE, S.A. (Spain)
- Scientific Games (U.S.)
- Sky Betting & Gaming (U.K.)
- The Stars Group Inc (Canada)
- William Hill plc (U.K.)
SKU-