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Due to the convenience of online payments and the rapid increase in the prevalence of smartphones, the participation of young people in online gambling has increased, which is a major factor driving the global online gambling market.
In 2018, the global online gambling market was valued at $47.57 billion, and it is expected to reach $94.37 billion by 2025, with a compound annual growth rate of 10.28% during the forecast period.
According to the "World Gambling Statistics," approximately 25% of the global population engages in gambling. This means that nearly 1.4 billion people gamble each year worldwide, with 4.1 billion people gambling at least once a year.
Regarding online gambling, a report from the UK concluded that about 17% of the population participates in online gambling. It is estimated that around 8.92 million people in the UK are gambling enthusiasts, with over half of them being young people who gamble using mobile phones or tablets.
Furthermore, the importance of the internet and the rise of social media channels are additional key factors driving the growth of this market.
Most online gambling operators are located in locations such as the Dutch Caribbean, Gibraltar, and the United Kingdom (UK).
However, certain countries/regions enforce laws mandating online casino games, so the online gambling industry may face difficulties in accessing certain gaming facilities locally, potentially hindering the growth of the online gambling market to some extent. |
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Post time 6-2-2024 16:22:34