Online Gambling Market in Japan 2023-2028: Trends, Size, Demand and Future Prospects

IMARC Group has recently released a new research study titled "Japan Online Gambling Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", The Japan online gambling market size reached US$ 7.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.3% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Gambling Market in Japan 2023-2028

Industry Insight: 

Online gambling, also called virtual gambling, refers to the casino or sports-based betting activities that are conducted over the internet. Unlike in-person gambling, it does not involve physical interactions between participants as the sessions are moderated by computer programs. Players can play several virtual games, including poker, blackjack, sports betting roulette, slot machines, etc. The gambling software applications can be downloaded and installed on a smart device, or the game can be played through a website. Online gambling platforms offer numerous benefits, such as cashless transactions, personalized budgets, accessibility through any electronic device, real-time gambling experience, etc.

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Japan Online Gambling Market Growth Drivers: 

The growing penetration of internet usage and the escalating popularity of smart devices are among the key factors driving the Japan online gambling market. In addition to this, the emerging trends of cultural acceptance and legalization of online betting practices across various states are also positively influencing the Japan online gambling market growth.

Furthermore, numerous market players are establishing high-profile sponsorships with several racing and football clubs to attract more customers, which is augmenting the Japan online gambling market. Besides this, various technological advancements, such as the integration of blockchain tools and Virtual Reality (VR), are also acting as significant growth-inducing factors. Moreover, the introduction of bitcoin gambling, which involves casino games that run on a digital currency network, is anticipated to fuel the Japan online gambling market over the forecasted period.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Game Type:

• Sports Betting
• Casino
• Others

Breakup by Device:

• Desktop
• Mobile
• Others

Breakup by Region:

• Kanto Region
• Kinki Region
• Central/ Chubu Region
• Kyushu-Okinawa Region
• Tohoku Region
• Chugoku Region
• Hokkaido Region
• Shikoku Region

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The project report covers the following aspects:

• Market Snapshot (Market Performance, Segments, Regional Insights, Covid-19 Impact, and outlook)
• Project Details, Requirements, and Costs Involved
• Project Economics
• Regulatory Procedures and Approval
• Key Success and Risk Factors

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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