With the rise of technology, the increase in users online, and players’ desire for games at their fingertips, Europe’s online gambling market is growing at about 10% per year, faster than land-based gambling, such as casinos or bookmaker shops. The economic size (or gross gaming revenue) of the EU online sector is expected to rise from €22.2 billion in 2018 to €29.3 billion in 2022. The global gambling market is expected to decline from $521.6 billion in 2019 to $495.6 billion in 2020 at a compound annual growth rate (CAGR) of -5%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. Press release - Market insights Reports - Online Gambling Market 2021 Latest Advancements, Growing Demands and Business Opportunities- Betsson AB, Kindred Group Plc., Net Entertainment - published The global online gambling market reached a value of nearly $58,960 million in 2019, having increased at a compound annual growth rate (CAGR) of 9.9% since 2015. The market is expected to grow from... The overall online GGR in Europe is estimated to reach approximately 24.7 billion euros by 2020 and is mostly generated by sports betting, online casinos and online lottery. Poker only accounts for... Online Gambling Market size surpassed USD 55 billion in 2019 and is anticipated to grow at 16.5% CAGR between 2020 and 2026. The advent of several new technologies, such as AI, VR, cyborg, and machine learning, will drive market growth. AI technology is helping online casinos to enhance user interface and identify high-risk gamblers. The European online gambling market is projected to grow, witnessing a CAGR of 9.20% during the forecast period (2020-2025). Growing hardware and software innovations and the rising popularity of casino and sports betting gambling, along with enhanced internet penetration, are expected to drive the growth of the European online gambling market. Online Gambling Market Worth $102.97 Billion by 2025 | CAGR: 11.5%: Grand View Research, Inc. PR Newswire SAN FRANCISCO, Aug. 27, 2019 SAN FRANCISCO, Aug. 27, 2019 /PRNewswire/ -- The global Published by Statista Research Department, Nov 8, 2016 This statistic depicts the size of the online gambling market worldwide from 2012 to 2018, by region. The European gambling market was... Europe dominated the market of online gambling & betting accounting for a 52% share of the online gambling & betting consumption globally in 2019. Europe is expected to project a huge revenue in
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