Australia Online Gambling Market Size, Share, Research, Growth and Report | 2023-2028 |

According to IMARC Group’s latest report, titled "Australia Online Gambling Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.' the Australia online gambling market size reached US$ 4.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.2 Billion by 2028, exhibiting a growth rate (CAGR) of 7.09% during 2023-2028

 Year considered to estimate the market size:

• Base year of the analysis: 2022

• Historical period: 2017-2022

• Forecast period: 2023-2028

Online gambling or electronic gambling involves the process of placing bets with the help of a bookie, betting shop and other gambling enterprises. Unlike conventional gambling, it is conducted via the internet, which provides a wide range of advantages, such as convenience, free games, bonuses, loyalty points, global access, and a wide range of payment options. In Australia, the introduction of new forms of online gambling like lottery terminals, keno, and instant scratch tickets have gained popularity across the country. Online gambling platforms also attract the younger generation and reach people who do not have access to casinos or bars.

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Australia Online Gambling Market Trends:

The proliferation of smartphones, availability of high-speed internet connections, and the rapid adoption of digital payment methods are primarily driving the Australia online gambling market growth. Moreover, the increasing integration of these gaming platforms with advanced technologies, such as blockchain, virtual reality (VR), and three-dimensional (3D) animation, for realistic and immersive gaming experiences are acting as a growth-inducing factor. Other than this, the outbreak of the coronavirus disease (COVID-19) and the imposition of lockdown restrictions have encouraged consumers to shift toward online gaming, which is contributing to the market growth.

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Australia Online Gambling Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the Australia online gambling market has been studied in the report with the detailed profiles of the key players operating in the market.

Key Market Segmentation:

The report has segmented the Australia online gambling market on the basis of game type, device and region.

Breakup by Game Type:

• Sports Betting
• Casino
• Others

Breakup by Device:

• Desktop
• Mobile
• Others

Breakup by Region:

• Australia Capital Territory and New South Wales
• Victoria and Tasmania
• Queensland
• Northern Territory & Southern Australia
• Western Australia

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Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Industry 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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