According to IMARC Group’s latest report, titled “China Online Gambling Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the China online gambling market is currently witnessing strong growth in 2020. Online gambling refers to a gambling activity that involves placing bets over the internet on casinos and sports games. Casino betting consists of numerous popular casino games, including slots, baccarat, poker and blackjack, whereas sports games include betting on football, e-sports and horse riding. This form of gambling is initiated by placing a wager on a particular game with the assistance of a bookie or gambling enterprise.
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The market in China is primarily driven by the increasing penetration of high-speed internet connectivity across the country. Moreover, the widespread integration of virtual reality (VR), 3D animation and blockchain technology with online gambling offers a realistic and immersive gambling experience to the users. Their usage also facilitates transparency and ensures decentralization in gambling activities, which is creating a positive outlook for the market. Apart from this, the rising investments by numerous online gambling companies across China in information technology (IT) solutions to prevent illegal gambling activities and enhance operational credibility are creating a positive outlook for the market further. Looking forward, the China online gambling market is expected to continue its strong growth during the forecast period (2021-2026).
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Segmentation:
Breakup by Game Type:
- Sports Betting
- Football
- Horse Racing
- E-Sports
- Others
- Casino
- Live Casino
- Baccarat
- Blackjack
- Poker
- Slots
- Others
- Others
Breakup by Device:
- Desktop
- Mobile
- Others
Breakup by Region:
- North and Northeast
- Northwest
- East
- South Central
- Southwest
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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