The global online gaming market size is anticipated to achieve USD 73.45 billion by 2024 owing to increasing incidence gambling throughout the world. Advancements and addition of new regulations are expected to boost market demand over the forecast period. Additional increasing adoption of tablets and smartphones and easy accessibility to platforms are anticipated to drive the market.

Organizations are focusing on creating mobile applications with secure cash transfer facilities so that punters can easily place their stakes online in real time. For example, companies such as Bet365 Group Ltd., Paddy Power Betfair plc., and Betsson AB have cellular applications on different platforms such as iOS and Android. Moreover, a number of countries are legalizing gambling with every passing year. For example, in December 2016, Japan’s parliament passed a law after holding it for 15 decades to legalize casinos.

In 2016, the market was led by the sport betting segment and accounted for at least 40 percent of their revenue. It includes various sports tournaments such as basketball, cricket, tennis, and other games. For instance, the sports betting segment turnover for Bet365 Group Ltd. went up by USD 2.3 million in 2016 because of increasing football tournaments and cricket leagues. Number of people betting on events and access to software and gambling websites are expected to present considerable growth opportunities.

The internet gambling and gambling industry is anticipated to grow at a faster pace due to favorable environment. Increasing disposable income of consumers and also adoption are raising earnings of the gambling market globally. Certain regions are likely to document growth because of strict government regulations, thus affecting revenue generation.

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