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APAC Online Gambling Market revenue to hit $50 Bn by 2026
Published Date: 2021-11-24
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APAC Online Gambling Market size is poised to surpass USD 50 billion by 2026, according to a latest forecast report by Graphical Research.
The market growth can be attributed to the rapid adoption of smartphones, improvement in internet infrastructure, and easy accessibility to casino gaming platforms. The advent of new technologies, such as blockchain, IoT, and VR, is transforming the online gambling industry. Market players are witnessing a rapid use of VR casinos by gamblers to experience realistic & immersive gambling and gaming.
The COVID-19 pandemic has a positive impact on the Asia Pacific online gambling market. The stringent lockdown across the globe has resulted in the shutdown of casinos and sportsbooks. This has helped gamblers to bet and play online. Gamblers use websites, mobile applications, and other online mediums to bet and play in casinos and pokers. For instance, in April 2020, illion Australia Pty Ltd., an Australian credit bureau, collaborated with AlphaBeta Australia to survey online gambling. The study revealed that there was an approximate 67% rise in online gambling across Australia.
Browse detailed statistical insights from the report, “Asia Pacific Online Gambling Market Forecast 2026 By Device Type (Desktop, Mobile), By Type (Betting [Boxing & UFC, eSports, Football, Formula1, Horse Racing, Tennis], Casino [Baccarat, Blackjack, Roulette, Slots], Poker, Lottery, Bingo), Research Report, Country Outlook (East Asia, Southeast Asia, South Asia, Oceania), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
The online poker segment held a substantial industry share in 2019. Poker is projected to gain immense traction in India and other Asia Pacific countries over the coming years. The use of mobile wallets, an app-based currency, to facilitate the transaction for playing poker has increased its adoption among gamblers. Free joining bonuses and referral-based currency to play online poker with less investment are supporting market growth.
The desktop segment is estimated to hold a significant market share in 2019 attributed to increasing broadband connectivity in the region. The large screen size of desktops and enhanced compatibility with the majority of sportsbooks are supporting the increased usage of desktop for online gambling. Performance parameters for improved gaming experience, such as picture quality, storage capacity, sound volume, and storage capacity, are propelling the adoption of desktop for online gambling.
The APAC online gambling market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2015 to 2026 for the following segments:
Asia Pacific Market, By Type
- Boxing & UFC
- Horse Racing
Asia Pacific Market, By Device Type
The above information has been provided for the following countries:
- Asia Pacific
- East Asia
- Southeast Asia
- South Asia