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The online gambling and betting industry is anticipated to grow at a faster pace due to favorable
regulatory environment. Moreover, rising disposable income of consumers and adoption of Internet-
based devices are increasing revenues of the online gambling market worldwide. However, certain
regions are likely to record sluggish growth due to strict government regulations, thus affecting overall
revenue generation.
Europe dominated the market in 2016, valuing USD 16.42 billion in the market. This is due to the fact
that online gambling is legal in a large number of countries such as France, Germany, and Italy. Countries
such as U.K. and Germany have well-developed technology and infrastructure. Moreover, they have
witnessed increased usage of smartphones and tablets for playing online gambling games on
applications provided by companies such as Betsson AB and Bet365 Group Ltd.
The global online gambling industry is highly fragmented in nature and is marked by presence of several
players operating across the world. Companies are focused on expanding their presence in the market
through various strategic alliances such as diversification in online services.
For instance, in August 2015, Paddy Power announced a merger with Betfair for Euro 5 billion in order
to increase its penetration in the online market and overcome regulatory hurdles. Key companies in the
online gambling market include William Hill plc.; Bet365 Group Ltd.; Paddy Power Betfair plc.; Betsson
AB; Ladbrokes Coral Group plc.; Amaya Inc.; 888 Holdings plc.; Sky Betting & Gaming; Kindred Group;
and GVC Holdings plc.
Hexa Research has segmented the online gambling market report based on type and region:-
Segmentation by Type
• Sports Betting
• Casinos
• Poker
• Bingo
• Others
Segmentation by Region
• North America
• U.S.
• Europe
• U.K.
• Asia Pacific
• Australia
• Central & South America
• Africa
Key Players Analyzed:
• William Hill plc.
• Bet365 Group Ltd.
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