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Global Online Gambling Market Could Exceed $125 Billion By 2027


Global Online Gambling Market Could Exceed $125 Billion By 2027
PALM BEACH, Fla., Dec. 17, 2020 /PRNewswire/ Most would agree that it would be a safe bet to say that casinos have been losing money due to the global pandemic… Don t take that bet! Actually, the spread of COVID19 has accelerated the demand for online gambling. Moreover, increasing digitalization coupled with secure digital payment options are also some factors contributing to online gambling market growth. The market is further expected to gain momentum over the forecast period attributed to the rising use of digital currency and websites provided by companies for betting and gambling. Earlier this year, Grand View Research reported that in 2019 the global online gambling market size was valued at USD 53.7 billion and that they expected to grow at a compound annual growth rate (CAGR) of 11.5% from 2020 to 2027. Later they projected the revenues in 2027 to reach $127.3 billion by 2027. The report said that th ....

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