Gambling Market Analysis, Demand, Size and Forecasts to 2020

Technavio Announces the Publication of its Research Report Global Gambling Market 2016-2020

Technavio recognizes the following companies as the key players in the global gambling market: 888 Holdings, Betfair, Caesars Entertainment, Camelot, INTRALOT, Las Vegas Sands, MGM Resorts, SJM Holdings, and William Hill.

Other Prominent Vendors in the market are: Amaya Gaming, Bet365, Bet-at-home, BetAmerica, Betfred, Betsson, Draft Kings, Ladbrokes, and Sports Toto Malaysia.

Browse full report with TOC@ https://marketreportscenter.com/reports/388376/global-gambling-market-2016-2020

Commenting on the report, an analyst from Technavios team said: In the global gambling market, rewards are given in the form of physical goods as well as monetary benefits. A major trend in the market is the use of cash alternatives like virtual money. For instance, the online gambling market in the US allows the players to use virtual money, which has reduced the risks related to cash. Payment options for online cash transactions and virtual money adopted by various gambling vendors enable the prize amount to be distributed as virtual currency, which can then be used to play other games or redeemed for cash. It also helps the vendors in tracking the spending history of the customers and help in creating customized marketing plans.”

According to the report, one of the key drivers for market growth will be revenue contribution in the form of tax. In some countries gambling is legal, and the government encourages gambling activities and lottery sales to earn premium tax amounts from the player's prize money. The gambling market has a huge consumer base, who regularly gamble, bet, or buy lotteries to earn easy money. The amount spent on gambling is a part of their disposable income after taxes. The vendors collect this amount for the prize money and give to the winner, converting the disposable income into taxable income, which is further used by the government for various social...