Gambling
Game On: Global Online Bingo Gambling Market Size Is Set to Surpass USD 145.43 Billion by 2030 | Forecasting the Tremendous Expansion
Zion Market Research has published a new research report titled “Online Bingo Gambling Market By End-User (Social Exuberant, Gambling Enthusiasts, And Others), By Device (Mobile And Desktop), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.
“According to the latest research study, the demand of global Online Bingo Gambling Market size & share in terms of revenue was valued at USD 60.01 billion in 2022 and it is expected to surpass around USD 145.43 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 11.70% during the forecast period 2023 to 2030.”
What is Online Bingo Gambling? How big is the Online Bingo Gambling Industry?
Report Overview:
The global online bingo gambling market size was worth around USD 60.01 billion in 2022 and is predicted to grow to around USD 145.43 billion by 2030 with a compound annual growth rate (CAGR) of roughly 11.701% between 2023 and 2030.
The online bingo gambling industry encompasses several online platforms and services that offer online bingo games for real money transactions. It involves provisions and space for virtual bingo games, where players can participate in a digital format from their computers, smartphones, or other internet-enabled devices. There are several bingo gambling variations present in the industry including 75-ball bingo, 90-ball bingo, and other variants. This involves the players purchasing virtual bingo tickets or cards and marking off the numbers when called, aiming to achieve the winning pattern before anyone else in the virtual room. Online bingo operators provide the technological infrastructure, software platforms, and user interfaces necessary for players to participate in the games. They also offer secure payment processing measures, promotional incentives, and customer support.
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- Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
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- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Zion Market Research research methodology
Global Online Bingo Gambling Market: Growth Factors
The global online bingo gambling market is projected to grow owing to the convenience and accessibility related to these games. Players have access to the games all day and 7 days a week. They can play the games from anywhere including their homes, while traveling, or during any other activity. Furthermore, online bingo gambling is a form of social interaction since most of these platforms incorporate chat features that allow players to interact with one another. This social aspect of virtual gaming has proven to be effective in attracting more consumers to the market since it creates a sense of belonging and fosters a more engaging experience.
The online bingo gambling industry is also expected to benefit from the several varieties of gaming options available on the internet. This includes different themes, patterns, and prize structures and hence becomes more lucrative to a wider range of audience. The introduction of innovative features, such as progressive jackpots and bonus games, has also contributed to the market growth. Online bingo gambling sites provide attractive bonuses and promotions to retain more players. This includes sign-up bonuses, free bingo tickets, cashback offers, and loyalty rewards which may not be available in physical bingo gambling centers.
The global online bingo gambling industry is expected to witness certain growth restrictions owing to the growing competition from other online gambling activities. Furthermore, like any other such activity, online bingo gambling also poses a threat of addiction and the problems that arise due to it. Some individuals may develop addictive behavior and struggle to control their habits. Additionally, online gambling requires the presence of a robust and secure technological infrastructure and events such as server outages, software glitches, or cybersecurity threats could damage market reputation.
Mobile gaming may provide growth opportunities while competition and saturation could challenge market growth.
Report Scope
| Report Attribute | Details |
| Market Size in 2022 | USD 60.01 billion |
| Projected Market Size in 2030 | USD 145.43 billion |
| CAGR Growth Rate | 11.70% CAGR |
| Base Year | 2022 |
| Forecast Years | 2023-2030 |
| Key Market Players | 888 Holdings, Kindred Group, Bet365, GVC Holdings, Gamesys Group, Jackpotjoy, Mecca Bingo, Foxy Bingo, Gala Bingo, Tombola, Paddy Power, Ladbrokes, William Hill, Unibet, Playtech, Microgaming, Virtue Fusion, Jumpman Gaming, Rank Group, Stride Gaming, Daub Alderney, Bwin, Stars Group, Dragonfish, and Relax Gaming amongst many others. |
| Key Segment | By End-User, By Device, and By Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
| Purchase Options | Request customized purchase options to meet your research needs. Explore purchase options |
Online Bingo Gambling Market: Segmentation Analysis
The global online bingo gambling market is segmented based on end-user, device, and region.
Based on end-user, the global market segments are social exuberant, gambling enthusiasts, and others. The industry witnessed the highest growth in the gambling enthusiasts segment. They are people who showcase an extreme passion for different forms of gambling. They tend to enjoy the thrill of taking risks, the competitive aspect of the game, and the potential monetary rewards. Social exuberant are people who enjoy participating in online bingo gambling activities due to community engagement prospects. They primarily enjoy interacting with other players present in the chat rooms and building higher connections with them. They tend to prioritize the social experience over the monetary aspect of gambling. The last category includes people who are casual players, occasional gamblers, and individuals seeking entertainment or relaxation. The total gambling market in Europe was close to 81 billion euros in 2020 as per Statista.
Based on device, the global online bingo gambling market is divided into mobile and desktop. The former segment registered the highest growth in 2022 due to the growing population that is attracted to mobile platforms due to several reasons. For instance, many people use smartphones and tablets to play these games as they offer ease of use. They are portable devices and can be used on the go. Players can access their favorite bingo games anytime and anywhere, allowing for greater flexibility and accessibility. These platforms also offer features like touch-screen controls and intuitive interfaces that enhance the gaming experience. The desktop segment is also crucial to industry growth as there is a significant share of consumers who use these tools to play the game. A recent report stated that nearly 80.1% of all online gamblers use mobile phones for these services.
The global Online Bingo Gambling market is segmented as follows:
By End-User
- Social Exuberant
- Gambling Enthusiasts
- Others
By Device
- Mobile
- Desktop
Competitive Landscape
Some of the main competitors dominating the global Online Bingo Gambling market include –
- 888 Holdings
- Kindred Group
- Bet365
- GVC Holdings
- Gamesys Group
- Jackpotjoy
- Mecca Bingo
- Foxy Bingo
- Gala Bingo
- Tombola
- Paddy Power
- Ladbrokes
- William Hill
- Unibet
- Playtech
- Microgaming
- Virtue Fusion
- Jumpman Gaming
- Rank Group
- Stride Gaming
- Daub Alderney
- Bwin
- Stars Group
- Dragonfish
- Relax Gaming
Key Insights from Primary Research:
- According to the analysis shared by our research forecaster, the Online Bingo Gambling market is likely to expand at a CAGR of around 11.70% during the forecast period (2023-2030).
- In terms of revenue, the Online Bingo Gambling market size was valued at around US$ 60.01 billion in 2022 and is projected to reach US$ 145.43 billion by 2030.
- The online bingo gambling market is projected to grow at a significant rate due to the increasing internet access.
- Based on end-user segmentation, gambling enthusiasts were predicted to show maximum market share in the year 2022.
- Based on device segmentation, mobile was the leading device in 2022.
- On the basis of region, Europe was the leading revenue generator in 2022.
Key questions answered in this report:
- What is the market size and growth rate forecast for Online Bingo Gambling industry?
- What are the main driving factors propelling the Online Bingo Gambling Market forward?
- What are the leading companies in the Online Bingo Gambling Industry?
- What segments does the Online Bingo Gambling Market cover?
- How can I receive a free copy of the Online Bingo Gambling Market sample report and company profiles?
Key Offerings:
- Market Size & Forecast by Revenue | 2023−2030
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis By End-User, By Device, and By Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
(We tailor your report to meet your specific research requirements. Inquire with our sales team about customising your report.)
Regional Analysis:
Europe is expected to generate the highest growth in the global online bingo gambling market due to the favorable government regulations surrounding the access and consumption of such portals. Furthermore, there are several players present in the regional industry especially in the United Kingdom. They have adopted strategic marketing and advertising activities to ensure the retention of a higher number of players. Since these portals offer lucrative money-winning opportunities by just playing the games remotely, more people are attracted to online bingo gambling as the game is also considered to be less difficult as compared to other gambling events.
In North America and especially the US, every state has specific laws in terms of online gambling and Canada seems to be more permissive allowing more market player entry. Cultural preferences and social dynamics influence the online bingo market in different Asian countries.
By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- France
- UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Recent Developments
-
- In April 2022, Focus reported that the Indian state of Telangana was rethinking its 2017 ban on online gambling since the regional authorities think that it can be a significant source of employment in the region
- In April 2023, Buzz Bingo announced the launch of an online website for its casino. For this move, the company has partnered with Playtech
- In December 2021, BetMGM launched Borgata Bingo online in the state of New Jersey giving players access to 75-ball real money online bingo product
Compliance Updates
Navigating the Complexities of Gambling Compliance: A Look at Recent Decisions and Regulations in California
In the intricate and highly regulated world of gambling and betting, staying compliant with the myriad of rules and regulations is crucial for every entity involved. Recent developments in the regulatory landscape highlight the ongoing efforts to ensure fair and responsible gambling practices. This article delves into the latest decisions and requirements as outlined in a recent commission meeting of the California Gambling Control Commission (CGCC) held on January 25, 2024.
Ensuring Compliance in Cardrooms
A key focus in the meeting was the compliance of cardrooms with regulatory standards. Before opening for business, cardroom owners must submit a comprehensive Business Entity Supplemental Information form, including the new address of the gambling establishment. This requirement underscores the need for transparency and up-to-date information in gambling operations.
Additionally, cardrooms must adhere to specific relocation requirements, hold a valid business license, and have an approved Safety and Security Plan, alongside an Emergency and Evacuation Plan. These measures are not just bureaucratic formalities; they are vital for the safety and security of patrons and staff.
License Renewals and Considerations
The commission meeting also discussed several key employee and third-party proposition player services employee license renewals and applications. For example, the renewal application for Brandon Wong was put forth with two options – approval through January 31, 2026, or referral to an evidentiary hearing. This case illustrates the careful scrutiny applied to individuals involved in the gambling sector.
In another instance, the initial application of Devin Willis from Faros Unlimited, Inc., was recommended for approval, reflecting the commission’s confidence in the applicant’s ability to adhere to regulatory standards.
Addressing Individual Cases with Sensitivity
Particularly noteworthy were the individualized conditions and considerations given to various applicants. For instance, Johan Navarrete Rodriguez from Knighted Ventures, LLC, was required to provide proof of efforts to resolve a Failure to Appear fine. This level of detail in regulatory oversight ensures that each case is addressed with the appropriate level of scrutiny and consideration.
The Broader Picture: Ensuring a Safe Gambling Environment
These decisions and regulations are part of a broader effort to maintain a safe, fair, and responsible gambling environment. By requiring detailed plans for safety, security, and emergency procedures, and by scrutinizing the backgrounds and activities of key employees and third-party service providers, regulatory bodies are working to uphold high standards in the gambling industry.
In conclusion, the decisions made in the January 25, 2024 commission meeting reflect the ongoing commitment to regulatory compliance in the gambling sector. By staying vigilant and adaptive to changing circumstances and challenges, the commission ensures that the gambling industry operates within a framework that protects all stakeholders involved.
casino
Global Casino Management System Market Size To Exceed USD 27.6 Billion By 2032 | CAGR of 15.5%
The Global Casino Management System Market Size is to Grow from USD 6.5 Billion in 2022 to USD 27.6 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 15.5% during the projected period.
With growing concerns over theft and fraud, the risk landscape in contemporary casinos is always shifting. Since casinos have a variety of entry and departure points as well as daily sizable amounts of financial transactions, it is challenging to maintain security generally at these establishments. On busy evenings, a lot of individuals walk through the doorways, making it difficult for security staff to keep track of everyone’s movements. The market is expected to grow due to current gaming security systems that are better and a tendency toward better management in casinos.
A casino management system is a tool or software application that controls and manages casino operations. The organization of gaming device operations is made easier by this technology, which also enhances visitor services. A casino management system divides the workforce among multiple workstations to ensure that each division has enough staff. Due to casino management systems, slot machines, bookmakers, and bingo parlors may all be simply maintained. Because of growing concerns about theft and fraud, the risk climate in contemporary casinos is always changing. Since casinos have a variety of entry and departure points as well as daily sizable amounts of financial transactions, it is challenging to maintain security generally at these establishments. On busy evenings, a lot of individuals walk through the doorways, making it difficult for the security staff to keep track of everyone’s movements. The market is expected to grow due to current gaming security systems that are better and a tendency toward better management in casinos. During the anticipated term, the popularity of online gambling is likely to have an impact on revenue at conventional casinos. Due to the accessibility of online platforms, users may log in and play anytime they want from the comfort of their homes. With an easy-to-use mobile device like a smartphone or tablet and an internet connection, you may skip the headache of casino gambling.
The table games segment dominates the market with the largest revenue share over the forecast period.
Slot machines, table games, and other games are the segments of the worldwide casino management system market based on modules. The market leader among these is the sector for table games, which is expected to have the highest revenue share over the projected period. The growth in popularity of table games including baccarat, roulette, red dog, blackjack, and craps across all regions is one reason for the segmental expansion. Demand for the category will rise as more young people engage in table gaming.
The analytics segment is witnessing significant CAGR growth over the forecast period.
The market for casino management systems is divided into accounting, security & surveillance, player monitoring, marketing & promotions, analytics, and others based on the application. Among them, the accounting segment is expected to experience a considerable CAGR increase. The various financial transactions that take place in casinos have led to an increase in the adoption of security and monitoring systems. To help owners stop fraud, theft, and cheating on game club floors, these systems incorporate many technology, such as facial recognition, license plate readers, and other analytics. Companies that provide casino management systems are constantly looking to create and incorporate new technology to address security challenges. Ensuring a secure gaming environment is one of the primary causes driving the adoption of security and surveillance in CMS.
The resorts segment is expected to hold the largest share of the global casino management System market during the forecast period.
The hotels and resorts, casino resorts, and other end-users segments make up the global market for casino management systems. Among them, the resorts sector is anticipated to account for the greatest market share for casino management systems during the anticipated time frame. The category of resort casinos is anticipated to dominate the market for casino management systems. During the projected period, developing casino resort facilities in well-known tourist destinations and increased consumer spending on leisure activities are expected to produce a significant percentage of the market for casino resorts. A large portion of the market for casino resorts is also predicted to come from the several governments who have established well-known places for gaming and leisure travel.
North America dominates the market with the largest market share over the forecast period.
North America dominates the market with the largest market share during the forecast period. The oversaturated casino business and the proliferation of technology are the two key issues preventing the development of casino management systems in the region. Rising CMS use to improve operational performance, retain customers, and gain a competitive edge will fuel market expansion. In North America, the online gaming market has been expanding quickly. A substantial number of gamers have been attracted to online casinos by their accessibility and ease. Many conventional casinos have created online platforms as well to capitalize on this expanding industry. On the other hand, Asia Pacific is anticipated to experience the quickest growth during the projection period. Furthermore, it is believed that relaxing regulatory restrictions to permit gambling clubs in Asia Pacific will promote regional growth. Throughout the projected period, benefits from tax payments are also expected to boost demand for casino management systems. The CMS market is growing throughout Europe and the rest of the world because of a variety of causes, including the quick rise in disposable income, shifting consumer preferences, and rising social acceptance of gambling clubs.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Casino Management System Market include Ensico CMS d.o.o., WIN Technologies Limited, Novomatic, Apex Pro Gaming s.r.o., CT Gaming, Tangam Systems, Table Trac, Inc., Evona, Casinfo Systems, Agilysys NV LLC and among others.
Recent Developments
- In November 2022: In Lower Brule, South Dakota, Table Trac, Inc. collaborated with the Golden Buffalo Casino and Motel. As part of the collaboration, the developer and provider of casino information and management systems will roll out its specialized casino management system, CasinoTrac.
- In October 2022: The animated Wheel of Fortune 4D Collector’s Edition and Wheel of Fortune Cash Link 2 video slots are among the standout game titles in the Wheel of Fortune Slots Zone, which International Game Technology PLC has announced will open at the OYO Hotel & Casino in Las Vegas. The Wheel of Fortune Megatower, the largest IGT cabinet, is also located in this area.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the global casino management system market based on the below-mentioned segments:
Casino Management System Market, Module Analysis
- Slot Games
- Table Games
- Others
Casino Management System Market, Application Analysis
- Accounting, Security & Surveillance
- Players Tracking
- Marketing & Promotions
- Analytics
- Others
Casino Management System Market, End-Users Analysis
- Hotel and Resorts
- Casino Resort
- Others
Casino Management System Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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