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Online Gambling Market Value is Set to Grow by USD 142.38 Billion from 2021 to 2026, Growing Demand for Mobile Gambling to Boost Growth

PR Newswire - Tue Aug 9, 2022

NEW YORK, Aug. 9, 2022 /PRNewswire/ -- The Y-O-Y Growth rate of 2022 for the ONLINE GAMBLING MARKET is estimated at 11.82%.37% of the market's growth will originate from APAC during the forecast period. The online gambling industry has grown exponentially since the inception of the first online casino. It has evolved from an early adopter to a multi-billion-dollar market globally due to the introduction of new technologies, such as VR, and the penetration of the internet, providing a wide range of access to online gambling activities to consumers. Additionally, the advent of mobiles and the demand for mobile gaming are expanding the market reach and have generated new revenue streams for vendors. Also, various governments have eased their regulations on gambling, which has created new opportunities for vendors. Furthermore, advancements in technology have been one of the main drivers in the online gambling sector, including Internet accessibility, increasing availability of mobile devices, and live gaming. Advanced technology, such as the use of chatbots, machine learning, and artificial intelligence, are all improving the online gambling service and experience.

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