Penetration of Digital Technologies Enable Online Gambling & Betting Market to Spread Its Customer Base, Valuation to Climb to Whopping US$ 134.5 Bn by 2027: TMR

ALBANY, N.Y., July 19, 2021 /PRNewswire/ -- Penetration of digital technologies and internet in general has enormously shaped the evolution dynamics of gambling and betting. New strategies for marketing online gaming notably social online casino gaming have emerged over the past few decades. Consumers of digital media platforms have zealously leveraged online gambling platforms to satisfy their urge for gambling. This is a key trend that pivots as a steady expansion of online gambling and betting market avenues. Concomitantly there has been rise in online poker gamblers and rummy players, offering vast prospect for gaming companies to expand their reach through internet-based digital platforms. Amid strict lockdowns and cancellation of live events, players have fervently promoted online gambling and betting, thereby imparting momentum to the market growth.

Market survey of online gambling and betting finds that the major push has come from gambling deregulation, spurring the shift toward pervasive forms of gambling. By 2027-end, the valuation will climb upward of US$ 134.5 Bn. Penetration of mobile devices among Gen Y and Z cohorts will allow the online gambling and betting market to scale new growth trajectories.

Key Findings of Online Gambling & Betting Market Study

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Online Gambling & Betting Market: Drivers

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Online Gambling & Betting Market: Regional Growth Dynamics

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Online Gambling & Betting Market: Top Participants

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