“The global online gambling market size was worth USD 53. 7 billion in 2019 and is expected to grow at a compound annual growth rate CAGR of 11. 5% from 2020 to 2027. The high web penetration and lengthening use of cell phones among individuals for enjoying online games from their homes and public places are riding the market. In addition, factors corresponding to easy accessibility to online playing, legalization and cultural approval, company sponsorships, and superstar endorsements also are contributing to market growth.
The becoming availability of reasonably-priced mobile functions across the globe is extra expected to fuel market growth.