According to the research report titled ‘Asia Pacific Online Gambling Market Forecast 2026 By Device Type, By Type, Research Report, Country Outlook, COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, Asia Pacific online gambling market is anticipated to amass USD 50 billion valuation by the year 2026.

Asia Pacific online gambling market growth is attributed to growing internet users, and consumer reliance of mobile devices for entertainment on account of lockdown imposed due to COVID-19 pandemic.

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Notably, implementation of AI, Bluetooth, and other cutting-edge technologies by the online gambling sites to remain ahead of the competition is further contributing towards industry expansion.

According to the e-Conomy Southeast Asia (SEA) 2020 study held in 2020, nearly 40 million Singaporeans, Malaysians, Filipinos, Vietnamese, Thais, and Indonesians went online for the first time in 2020.

Furthermore, increasing engagement in internet gambling, mobile gaming, and sports betting during the lockdown has augmented the market trend in the recent past.

Based on type terrain, the industry is divided into betting (tennis, horse racing, Formula1, football, eSports, boxing & UFC, others), casino (slots, roulette, blackjack, baccarat, others), bingo, lottery, poker, and other games. Among these, the poker segment of Asia Pacific online gambling market accounted for a significant share in 2019, due to increasing access of internet among users, rising number of individuals joining the online servers, free joining incentives, and referral-based money offered by the game.

In terms of device type, the market is split into mobile and desktop. Out of which, the mobile segment is predicted to have a considerable revenue share between 2020 and 2026, due to inclusion of wide variety of games offered by casinos and appstores due to the growing popularity, and availability and accessibility of smartphones having online gambling games.

Regionally, India market is slated to grow considerably over the forecast period, owing to technological advancements, and affordability & availability of fast internet connection.

Uptown Pokies, Super Slots, PlayAmo, Omni Slots, MyBookie, Las Atlantis Casino, King Billy Casino Games, JokaRoom, Joe Fortune, Fair Go Casino, Bovada, BetNow, Bet365 Group Ltd., and 1xBet (1X Corp. N.V.) are the leading players in Asia Pacific online gambling market.