SHERIDAN, WY, Sept. 19, 2022 /EINPresswire.com/ — According to IMARC Group’s latest report, “Europe Online Gambling Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the Europe online gambling market size reached $34.6 billion in 2021. Looking ahead, IMARC Group expects the market to reach $56.8 billion by 2027, at a growth rate (CAGR) of 7.9% over 2022-2027. Online gambling refers to virtual betting and sports activities that include blackjack, poker, slot machines, billiards, horse racing, roulette and craps as standard games. These computer controlled games can be played over the internet using various electronic devices. Compared to traditional casinos, they offer multiple gift vouchers, loyalty points, insurance premiums, compensation points, various payment methods and gaming options with secured accessibility. Apart from that, online gambling sessions offer optimal comfort and convenience to players since they are moderated remotely and do not require personal interaction.
COVID-19 Impact Analysis:
We regularly track the direct impact of COVID-19 on the market as well as the indirect impact of related industries. These observations are integrated into the report.
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Trends in the European online gambling market:
The increasing proliferation of internet and smartphone users and the increasing demand for online gaming for entertainment purposes, especially during the COVID-19 pandemic due to the resulting lockdowns, are primarily driving the market growth in the region. Additionally, easy access to online betting and gambling platforms, acceptance of cryptocurrency as a payment method, and corporate sponsorships complement product demand. In addition, the large-scale integration of artificial intelligence (AI), cyborgs, and blockchain technologies with enhanced multi-layered payment security and transparency are having a positive impact on the expanding market. Widespread adoption of virtual reality (VR) solutions to create a realistic gaming environment with better sound quality that allows users to interact with bettors and traders is fueling the market growth. In addition, extensive celebrity endorsements, ongoing legalization of online gambling in various European countries and availability of free play virtual casinos with improved interfaces support the market expansion in the region.
Key Market Segmentation:
The report has segmented the European online gambling market by game type, device and country.
Breakdown by game type:
• Sports Betting:
• Horse race
• Live Casino
Separation by device:
• Mobile phone, mobile phone
Breakdown by country:
• United Kingdom
Competitive landscape with key players:
The competitive landscape of the Europe online gambling market has been studied in the report that provides the detailed profiles of the major market players.
Ask the analyst for customizations and view the full report with TOC and table of figures: https://www.imarcgroup.com/request?type=report&id=3353&flag=C
Key highlights of the report:
• Market performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market drivers and success factors
• Effects of COVID-19
• Value chain analysis
• Comprehensive mapping of the competitive landscape
If you require specific information that is not currently in the scope of the report, we will provide it as part of the customization.
Browse Related Reports:
Report on the global online gambling market
United States Online Gambling Market Report
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