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Gambling industry in Europe - Statistics & Facts Statista

Dublin, April 22, 2020 (GLOBE NEWSWIRE) -- The "Online Gambling Market Size, Share & Trends Analysis Report by Type (Sports Betting, Casinos, Poker, Bingo), by Device (Desktop, Mobile), by Region (North America, Europe, APAC, Latin America, MEA), and Segment Forecasts, 2020 - 2027" report has been added to Research And Markets.com's offering. The global online gambling market size is expected to reach USD 127.3 billion by 2027, registering a CAGR of 11.5% from 2020 to 2027. The market is expected to gain traction over the forecast period. The growing popularity of betting across the globe and freemium model in online gambling are among the potential opportunities likely to unfold in the next few years.

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Increasing adoption of smartphones and easy access to casino gaming platforms is currently driving the market. Factors such as increasing internet penetration and the availability of cost-effective mobile applications for betting are also expected to contribute to market growth over the forecast period. According to the American Gaming Association (AGA), as of 2018, approximately 2,800 sites are active online and offer activities including bingo, poker, and lottery.

Electronic Gambling Devices (EGDs) are inexpensive to run and easily available. These devices have an in-built software that mimics the experience of a local casino. For instance, a Video Lottery Terminal (VLT) uses advancing technology and can also be customized to electronic slot machines, spinning reel slot machines, video slot machines, and electronic poker games.

The spread of COVID19 has accelerated the demand for online gambling. Moreover, increasing digitalization coupled with secure digital payment options are also some factors contributing to online gambling market growth. online gambling market, by type, 2016 - 20276.3.4.3 U. online gambling market, by device, 2016 - 20276.3.5 Germany6.3.5.1 Germany online gambling market, 2016 - 20276.3.5.2 Germany online gambling market, by type, 2016 - 20276.3.5.3 Germany online gambling market, by device, 2016 - 20276.4 Asia Pacific6.4.1 Asia Pacific online gambling market, 2016 - 20276.4.2 Asia Pacific online gambling market, by type, 2016 - 20276.4.3 Asia Pacific online gambling market, by device, 2016 - 20276.4.4 China6.4.4.1 China online gambling market, 2016 - 20276.4.4.2 China online gambling market, by type, 2016 - 20276.4.4.3 China online gambling market, by device, 2016 - 20276.4.5 India6.4.5.1 India online gambling market, 2016 - 20276.4.5.2 India online gambling market, by type, 2016 - 20276.4.5.3 India online gambling market, by device, 2016 - 20276.4.6 Japan6.4.6.1 Japan online gambling market, 2016 - 20276.4.6.2 Japan online gambling market, by type, 2016 - 20276.4.6.3 Japan online gambling market, by device, 2016 - 20276.5 Latin America6.5.1 Latin America online gambling market, 2016 - 20276.5.2 Latin America online gambling market, by type, 2016 - 20276.5.3 Latin America online gambling market, by device, 2016 - 20276.5.4 Brazil6.5.4.1 Brazil online gambling market, 2016 - 20276.5.4.2 Brazil online gambling market, by type, 2016 - 20276.5.4.3 Brazil online gambling market, by device, 2016 - 20276.6 MEA6.6.1 MEA online gambling market, 2016 - 20276.6.2 MEA online gambling market, by type, 2016 - 20276.6.3 MEA online gambling market, by device, 2016 - 20277. The market is further expected to gain momentum over the forecast period attributed to the rising use of digital currency and websites provided by companies for betting and gambling. Competitive Landscape7.1 William Hill PLC7.1.1 Company overview7.1.2 Financial performance7.1.3 Product benchmarking7.1.4 Strategic initiatives7.2 Bet365 Group Ltd.7.3 Paddy Power Betfair PLC7.4 Betsson AB7.5 Ladbrokes Coral Group PLC7.6 The Stars Group Inc.7.7 888 Holdings PLC7.8 Sky Betting & Gaming7.9 Kindred Group PLC7.10 GVC Holdings PLCFor more information about this report visit https:// Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call 353-1-416-8900 CONTACT: Research And Laura Wood, Senior Press Manager press@For E. Further key findings from the report suggest: Key Topics Covered: 1. Executive Summary2.1 Online Gambling Market - Industry Snapshot & Key Buying Criteria, 2016 - 20272.2 Global Online Gambling Market, 2016 - 20272.2.1 Global online gambling market, by region, 2016 - 20272.2.2 Global online gambling market, by type, 2016 - 20272.2.3 Global online gambling market, by device, 2016 - 20273. CONTACT: Research And Laura Wood, Senior Press Manager press@For E. Online Gambling Industry Outlook3.1 Market Segmentation & Scope3.2 Market Size and Growth Prospects3.3 Online Gambling - Value Chain Analysis3.3.1 Vendor landscape3.4 Online Gambling Market Dynamics3.4.1 Market driver analysis3.4.1.1 Increasing investment in online gambling3.4.1.2 Growing number of live casinos across the globe3.4.2 Market restraint analysis3.4.2.1 Increasing rate of cybercrimes3.5 Penetration and Growth Prospect Mapping3.6 Online Gambling Market - Porter's Five Forces Analysis3.7 Online Gambling Market - Key Company Market Share Analysis, 20193.8 Online Gambling Market - PESTEL Analysis3.9 Impact of COVID 19 on the Online Gambling Market4. online gambling market, by type, 2016 - 20276.2.4.3 U. online gambling market, by device, 2016 - 20276.2.5 Canada6.2.5.1 Canada online gambling market, 2016 - 20276.2.5.2 Canada online gambling market, by type, 2016 - 20276.2.5.3 Canada online gambling market, by device, 2016 - 20276.3 Europe6.3.1 Europe online gambling market, 2016 - 20276.3.2 Europe online gambling market, by type, 2016 - 20276.3.3 Europe online gambling market, by device, 2016 - 20276.3.4 U.

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Online Gambling Type Outlook4.1 Online Gambling Market Share By Type, 20194.2 Sports Betting4.2.1 Sports betting online gambling market, 2016 - 20274.3 Casinos4.3.1 Casinos online gambling market, 2016 - 20274.4 Poker4.4.1 Poker online gambling market, 2016 - 20274.5 Bingo4.5.1 Bingo online gambling market, 2016 - 20274.6 Others4.6.1 Other online gambling market, 2016 - 20275. Online Gambling Device Outlook5.1 Online Gambling Market Share By Device, 20195.2 Desktop5.2.1 Desktop online gambling market, 2016 - 20275.3 Mobile5.3.1 Online mobile gambling market, 2016 - 20275.4 Others5.4.1 Other device for online gambling market, 2016 - 20276. Online Gambling Regional Outlook6.1 Online Gambling Market Share by Region, 20196.2 North America6.2.1 North America online gambling market, 2016 - 20276.2.2 North America online gambling market, by type, 2016 - 20276.2.3 North America online gambling market, by device, 2016 - 20276.2.4 U.

Online gambling (or Internet gambling) is any kind of gambling conducted on the internet. This includes virtual poker, casinos and sports betting.   The first online gambling venue opened to the general public, was ticketing for the Liechtenstein International Lottery in October 1994. However it is legal in some states of the United States, some provinces in Canada, most countries of the European Union and several nations in the Caribbean.  

In many legal markets, online gambling service providers are required by law to have some form of licence if they wish to provide services or advertise to residents there. For example, the United Kingdom Gambling Commission or the Pennsylvania Gaming Control Board in the USA.

Many online casinos and gambling companies around the world choose to base themselves in tax havens near to their main markets. These destinations include Gibraltar, Malta and Alderney in Europe, Before online casinos, the first fully functional gambling software was developed by Microgaming, an Isle of Man-based software company. This was secured with software developed by Crypto Logic, an online security software company.

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Safe transactions became viable; this led to the first online casinos in 1994. 1996 saw the establishment of the Kahnawake Gaming Commission, which regulated online gaming activity from the Mohawk Territory of Kahnawake and issues gaming licences to many of the world's online casinos and poker rooms. This is an attempt to keep the operations of licensed online gambling organisations fair and transparent. In the late 1990s, online gambling gained popularity; there were only fifteen gambling websites in 1996, but that had increased to 200 websites by the following year. A report published by Frost & Sullivan revealed that online gambling revenues had exceeded $830 million in 1998 alone. In the same year the first online poker rooms were introduced. Multiplayer online gambling was also introduced in 1999. Soon afterwards in 1999, the Internet Gambling Prohibition Act was introduced as a bill in the US Senate; it would have meant that a company could not offer any online gambling product to any U. In 2000, the first Australian Federal Government passed the Interactive Gambling Moratorium Act, making it illegal for any online casino not licensed and operating before May 2000 to operate.

This meant Lasseter's Online became the only online casino able to operate legally in Australia; however, they cannot take bets from Australian citizens. The Internet has allowed new types of gambling to be available on line.