More and more consumers are inclined towards various virtual platforms to bridge their financial and social crises during lockdowns. The COVID-19 pandemic has had a positive impact on the online gambling market. Operators of various digital platforms are creating a wide range of promotions and tournaments that quickly gain the interests of the new audience, presenting huge growth opportunities to the online gambling market. The rise of virtual payment gateways and the increasing use of digital currency globally are expected to drive the growth of the overall industry. For instance, according to AGA (American Gaming Association), there are over 2,800 active betting sites as of 2018. The primary factor driving the industry growth include increasing adoption of smartphones, easy access to digital betting platforms, and increasing internet penetration, among others. Know more about this report: request for sample pages The growing popularity of virtual wagering, along with the implementation of the freemium model in online gambling, is anticipated to drive the growth of the industry. It enables the consumers to gamble from their comfort zone. Online gambling is betting on sports games, casinos, and others over the internet. The global online gambling market was valued at USD 75.41 billion in 2021 and is expected to grow at a CAGR of 12.0% during the forecast period.
