Online Gambling Software Market Outlook: Size, Share, Trends & Growth Analysis (2024-2029) 

The market report presents a thorough analysis segmented by Type (Sports Betting, Casinos, Poker, Lottery, Bingo, Others); by Devices (Desktop, Mobile, Others); by Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa).

Outlook 

• The online gambling software market is estimated to be at USD 88.58 Bn in 2024 and is anticipated to reach USD 148.61 Bn in 2029. 

• The online gambling software market is registering a CAGR of 10.9% during the forecast period of 2024-2029. 

• The global online gambling software market is driven by increased internet penetration, smartphone usage, and the relaxation of gambling regulations in various countries. 

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Ecosystem 

• The participants in the global online gambling software industry dominate the market with advanced software solutions, extensive game portfolios, and strong brand recognition. 

• These companies primarily focus on continuous innovation in game design, user experience, and payment solutions, along with strategic partnerships and acquisitions to expand their market presence and maintain a competitive edge. 

• Several important entities in the online gambling software market include Entain Plc; Kindred Services Ltd.; WHG Ltd.; The Stars Group, Inc.; Flutter Entertainment Plc; and others. 

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Findings 

Attributes	Values
Historical Period	2018-2022
Base Year	2023
Forecast Period	2024-2029
Market Size (2024)	USD 88.58 Bn
Market Size (2029)	USD 148.61 Bn
Growth Rate	10.9% CAGR from 2024 to 2029
Key Segments	Type (Sports Betting, Casinos, Poker, Lottery, Bingo, Others); Devices (Desktop, Mobile, Others); Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa)
Key Vendors	Entain Plc; Kindred Services Ltd.; WHG Ltd.; The Stars Group, Inc.; Flutter Entertainment Plc
Key Countries	The US; Canada; Mexico; Brazil; Argentina; Colombia; Chile; China; India; Japan; South Korea; The UK; Germany; Italy; France; Spain; Turkey; UAE; Saudi Arabia; Egypt; South Africa
Largest Market	Europe

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Trends  

• Focus on Responsible Gambling Features: There is an increasing focus on incorporating responsible gambling features within the software to promote safer gambling practices. In 2023, Playtech introduced AI-driven tools to monitor player behavior and intervene when signs of problem gambling are detected, aligning with global efforts to ensure player welfare. 

• Adoption of Augmented Reality (AR) and Virtual Reality (VR): AR and VR technologies are being adopted to create more immersive gambling experiences. In 2023, NetEnt launched a VR version of its popular slot game – Gonzo’s Quest, allowing players to enjoy a more engaging and interactive gaming environment. 

• Integration of Blockchain and Cryptocurrencies: The integration of blockchain technology and cryptocurrencies is gaining traction in the online gambling software market. In 2023, platforms like BitStarz and FortuneJack expanded their offerings to include more cryptocurrency-based games, enhancing transparency and security for users. 

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Catalysts 

• Legalization of Online Gambling: The legalization and regulation of online gambling in various countries are significant drivers of market growth. In 2023, the U.S. saw an expansion in states legalizing online sports betting, including New York and Florida, leading to a surge in demand for online gambling software. 

• Increased Adoption of Cashless Payments: The adoption of cashless payment methods, including digital wallets and cryptocurrencies, is facilitating easier transactions on online gambling platforms. In 2023, William Hill partnered with PayPal to integrate seamless payment options, enhancing the user experience and attracting more players. 

• Advancements in Mobile Technology: Advancements in mobile technology, including faster processors and high-resolution displays, are driving the popularity of mobile gambling. In 2023, Betway reported that over 70% of its users accessed the platform via mobile devices, highlighting the importance of mobile-optimized software. 

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Restraints 

• Regulatory Hurdles: Navigating the complex regulatory landscape remains a significant challenge for online gambling software providers. In 2023, 888 Holdings faced a temporary suspension in the Netherlands due to non-compliance with the country’s new gambling regulations, emphasizing the importance of adhering to local laws. 

• Cybersecurity Threats: The online gambling industry is a prime target for cyberattacks, with concerns over data breaches and financial fraud. In 2023, DraftKings reported a data breach that compromised the personal information of thousands of users, raising concerns over the security measures employed by online gambling platforms. 

• Concerns Over Gambling Addiction: Growing concerns over gambling addiction are leading to stricter regulations and public backlash against online gambling. In 2023, the UK government introduced new measures to limit advertising and impose stricter controls on online gambling, posing challenges for market growth. 

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Table of Contents 

1.       Introduction         1.1.    Research Methodology         1.2.    Scope of the Study  2.       Market Overview / Executive Summary         2.1.    Global Online Gambling Software Market (2018 – 2022)         2.2.    Global Online Gambling Software Market (2023 – 2029)  3.       Market Segmentation         3.1.    Global Online Gambling Software Market by Type                3.1.1.    Sports Betting                3.1.2.    Casinos                3.1.3.    Poker                3.1.4.    Lottery                3.1.5.    Bingo                3.1.6.    Others         3.2.    Global Online Gambling Software Market by Devices                3.2.1.    Desktop                3.2.2.    Mobile                3.2.3.    Others  4.       Regional Segmentation         4.1.    North America                4.1.1.    The US                4.1.2.    Canada                4.1.3.    Mexico         4.2.    South America                4.2.1.    Brazil                4.2.2.    Argentina                4.2.3.    Colombia                4.2.4.    Rest of South America         4.3.    Asia Pacific                4.3.1.    China                4.3.2.    India                4.3.3.    Japan                4.3.4.    South Korea                4.3.5.    Rest of Asia Pacific         4.4.    Europe                4.4.1.    The UK                 4.4.2.    Germany                4.4.3.    Italy                4.4.4.    France                4.4.5.    Spain                4.4.6.    Rest of Europe         4.5.    The Middle East                4.5.1.    Turkey                4.5.2.    UAE                4.5.3.    Saudi Arabia                4.5.4.    Rest of the Middle East         4.6.    Africa                4.6.1.    Egypt                4.6.2.    South Africa                4.6.3.    Rest of Africa  5.       Value Chain Analysis of the Global Online Gambling Software Market  6.       Porter Five Forces Analysis         6.1.    Threats of New Entrants         6.2.    Threats of Substitutes         6.3.    Bargaining Power of Buyers         6.4.    Bargaining Power of Suppliers         6.5.    Competition in the Industry  7.       Trends, Drivers and Challenges Analysis         7.1.    Market Trends         7.1.1.    Market Trend 1         7.1.2.    Market Trend 2         7.1.3.    Market Trend 3         7.2.    Market Drivers         7.2.1.    Market Driver 1         7.2.2.    Market Driver 2         7.2.3.    Market Driver 3         7.3.    Market Challenges         7.3.1.    Market Challenge 1         7.3.2.    Market Challenge 2         7.3.3.    Market Challenge 3  8.       Opportunities Analysis         8.1.    Market Opportunity 1         8.2.    Market Opportunity 2         8.3.    Market Opportunity 3  9.       Competitive Landscape         9.1.    Entain Plc         9.2.    Kindred Services Ltd.         9.3.    WHG Ltd.         9.4.    The Stars Group, Inc.         9.5.    Flutter Entertainment Plc         9.6.    Company 6         9.7.    Company 7         9.8.    Company 8         9.9.    Company 9         9.10.  Company 10

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Online Gambling Software Market – FAQs 

1.  What is the current size of the online gambling software market? 

Ans. In 2024, the online gambling software market size is USD 88.58 Bn. 

2.  Who are the major vendors in the online gambling software market?  

Ans. The major vendors in the online gambling software market are Entain Plc; Kindred Services Ltd.; WHG Ltd.; The Stars Group, Inc.; Flutter Entertainment Plc. 

3.  Which segments are covered under the online gambling software market segments analysis?  

Ans. The online gambling software market report offers in-depth insights into Type, Devices, and Geography.