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Online Gambling Market is predicted to grow significantly by 2026. The potential for financial rewards, along with the penetration of the internet, is driving global online gambling industry growth. The number of smartphone users in the U.S. was forecast to reach 275.6 million by 2020-end. With growing betting opportunities, industry players have also prioritized the advertisement of promotion of codes. Cloud providers are seeking solutions in unlimited computing and storage capabilities to help online gambling companies expand their penetration.
Implementation of advanced technologies is likely to pick pace across the globe, prompting betting companies to seek online gaming licenses. It is pertinent to mention the rise of sports betting, e-sports, online bingo, online poker, fantasy games and live betting. In terms of revenue, global online gambling market size could witness a commendable gain by 2026.
1. Europe poised to be the hub for eSports
At the time when Europe’s tech hubs are pushing eSports to the next level, businesses are flocking to the trend in the midst of the COVID-19 outbreak. The exposure of esports could be pronounced in Italy, Spain, France, the U.K. and Germany. Millennials and the Gen Z population have shown traction for a host of offerings, including live streams, pay- and free- TV, and video-on-demand.
Access sample pages of the report,“Europe Online Gambling Market Forecasts 2026” in detail along with the table of contents (ToC) @
E-sports has become a force to reckon with as companies strive to leverage brand power across the region. Europe online gambling market size could surpass USD 70 billion by 2026. The robust outlook is attributed largely to the arrival of new game formats, the uptake of content rights sales and convergence among entertainment, telecom and sports companies.
2. Exploring opportunities in mobile gambling in EuropeWith online gambling entering a new phase towards becoming a lucrative market, the next few years will shape the global market on multiple revenue sources—mobile devices being one of them. Notably, the emergence of 5G networks played a monumental role to bolster the rise of mobile gambling. Smartphone technology has brought a paradigm […]
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