Gambling’s popularity is growing due to numerous factors, such as the spread of global internet, the proliferation of computers and smartphones, as well as increased legalization in key markets like the Asian Pacific region. While the COVID-19 outbreak forced a shift in online gambling with the land-based sector heavily limited or shut down during much of 2020 and 2021, it started to rebound, both online and on land, in 2022. In Q2 2022, gambling company revenues were still 2.9% lower than Q2 2019, but up 11% year on year and up 5.5% compared to Q1 2022, according to H2 Gambling Capital analysis. Also, online revenues were up 8% year on year, 6% quarter on quarter. Looking forward, the online gambling market’s share is expected to increase by $142.38 billion from 2021 to 2026, despite the growth momentum decelerating at a CAGR of 11.05%, according to a study by TechNavio. In Europe, online gaming revenue across the EU-27 and U.K. markets is forecasted to reach €37.3 billion by 2025, according to the European Gaming and Betting Association (EGBA), and the share of online bets from mobile devices (phones and Casino Industry Overview 21 Sponsored by Visit iGamingPocketDirectory.com for more information. CASINO
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