Global online gambling market to grow 9.03 percent a year between 2016-2020

Continued global market growth through to 2020 is the central message in the latest numbers from Research and Markets, an independent research firm.

The company’s analysts and researchers predict that the global online gambling market will grow at a compound annual growth rate (CAGR) of 9.03 percent over the period 2016-2020.

Their forecast embraces online gambling verticals betting, gaming, and lottery games on connected devices like smartphones, tablets, and PCs. The revenue generation is mainly through wagers on outdoor sports (football, tennis, and horse racing), lottery games (bingo and lotto), online casinos, and games played on other gaming machines.

The report covers the present scenario and the growth prospects of the global online gambling market for 2016-2020. To calculate the market size, the report considers the revenue generated from gambling activities on digital media.

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