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 slated to be worth USD 50 billion by 2026.
 

Increasing number of internet users in Southeast Asia is acting as a major impetus to Asia Pacific online gambling market growth. As per e-Conomy Southeast Asia (SEA) 2020 study, around 40 million Malaysians, Singaporeans, Vietnamese, Indonesians, Filipinos, and Thais went online for the first time in 2020, bringing the total number of internet users to 400 million in the region.

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Notably, the coronavirus outbreak brought restrictions on socializing and outdoor activities, which caused internet gambling to grow in popularity across several countries in Asia Pacific, as people increasingly resorted to mobile phones as a means of entertainment. Thus, easy access to internet and online gambling sites has significantly contributed to the overall industry remuneration scope.

By device type, Asia Pacific online gambling market is classified into desktop, and mobile. Several casino players have been using smartphones to play online games and earn money, which is inciting smartphone makers to offer more gambling apps on their app stores. Therefore, increasing availability of smartphones along with online gambling apps on app stores is expected to bolster revenues from mobile device segment over 2021-2026.

Based on product type, the industry classification comprises betting (boxing & UFC, football, eSports, Formula1, tennis, horse racing, others), and casino (baccarat, roulette, slots, blackjack, others), poker, bingo, lottery, and other games. Of these, poker accounted for a sizable market share in 2019 and is expected to show similar trends over the analysis period, due to easy internet access, massive population-base in India, and rapid surge in the number of people joining online servers.

On the regional front, the research literature covers the latest trends across East Asia, Southeast Asia, South Asia, and Oceania. As per the report, India online gambling market is expected to have strong growth potential during 2021-2026. This can be attributed to technological advancements in gaming businesses, advent of highspeed networks like 5G, and easy accessibility & affordability of internet data in the region.

Prominent players in the marketplace are Uptown Pokies, Super Slots AG, Playamo, Dialinvest International N.V. Casinos. (Omni Slots), MyBookie, Las Atlantis, King Billy Casino Play, JokaRoom, Joe Fortune, Fair GO Casino, Bovada, BetNow, Bet365, and 1xBET.