The restrictions on public transportation, tourism, and public gatherings, among others, have largely impacted the offline gambling industry. The outbreak of the coronavirus has created a vast set of restrictions on land-based gambling arenas. Restrictions of COVID-19 on Land-based Casinos to Boost Demand for Online Gambling Software In the scope of the market report, the market estimation is executed on the basis of the revenue generated by gambling platforms from users. The online gambling software providers are heavily investing in advanced technologies to enhance the customer experience, which will boost the interest of players.
The growing adoption of smartphones, advancements in internet technology, and increasing spending power of users, among others, are driving the market demand for digital gambling. The steady rise in CAGR is attributable to this market’s demand and growth returning to pre-pandemic levels once the pandemic is over. The market is projected to grow from USD 74.17 billion in 2021 to USD 158.20 billion in 2028 at a CAGR of 11.4% in the 2021-2028 period. Based on our analysis, the market exhibited a significant growth of 11.2% in 2021. The global impact of COVID-19 has been unprecedented and staggering, with online gambling witnessing a positive demand shock across all regions amid the pandemic. The global online gambling software market size was USD 66.72 billion in 2020.
