September 22, 2021 -- InvestorsHub NewsWire --
via pennymillions --
FinancialNewsMedia.com
Global Online Gambling Market Size Expected To Reach $127
Billion By 2027
PALM BEACH, Fla., Sept. 22,
2021 -- FinancialNewsMedia.com News
Commentary - The Global Online Gambling Market is
projected to continue to grow over the next several years.
Increasing adoption of smartphones and easy access to casino gaming
platforms are currently driving the market. Factors such as
increasing internet penetration and availability of cost-effective
mobile applications for betting are also expected to contribute to
market growth over the forecast period. According to the American
Gaming Association (AGA), as of 2018, approximately 2,800 sites are
active online and offer activities including bingo, poker, and
lottery. According to a report from Grand View Research, the global
online gambling market size is expected to reach USD
127.3 billion by 2027, registering a CAGR of 11.5% from 2020
to 2027. The report said that the market is expected to gain
traction over the forecast period. Growing popularity of betting
across the globe and freemium model in online gambling are among
the potential opportunities likely to unfold in the next few
years. Some of the highlights of the report were that: "The
ease of sports betting using a computer or smartphone coupled with
the proliferation of sports betting ads across the globe is
expected to propel segment growth over the forecast period… A large
number of customers are using desktops for betting as downloading
and installing casino software proves to be easier on desktops.
This, in turn, is expected to propel the growth of the desktop
segment." Active Companies in the markets today
include Winners, Inc. (OTCPK:
WNRS), Engine Media Holdings,
Inc. (NASDAQ: GAME), DraftKings
Inc. (NASDAQ: DKNG), Elys Game Technology,
Corp. (NASDAQ: ELYS), SharpLink Gaming
Ltd. (NASDAQ: SBET).
Grand View Research added: "Europe is expected to continue
its dominance over the forecast period. In U.K., online gambling is
legalized owing to safe practices and stringent regulations laid
down by the government… Asia Pacific is anticipated to
register the highest growth rate owing to the increased adoption of
smartphones, larger proportion of younger population, and
legalization of online gambling in the region. The market size is
largely influenced by the size of betting and pertinent
outcome. Electronic Gambling Devices (EGDs) are inexpensive
to run and easily available. These devices have an in-built
software that mimics the experience of a local casino. For
instance, a Video Lottery Terminal (VLT) uses advancing technology
and can also be customized to electronic slot machines, spinning
reel slot machines, video slot machines, and electronic poker
games."
Winners, Inc. (OTCPK:
WNRS) BREAKING
NEWS: Winners, Inc. Subsidiary
VegasWINNERS Launches State of Art Sports Gaming Advice and
Information Website to Coincide with Football Season 2021 -
Featuring Elite Lineup of Sports Betting Experts with more than 21
Professional Handicappers - Winners, Inc. (OTCPK:
WNRS) subsidiary VegasWINNERS Inc., which provides sports
betting enthusiasts with high quality content, analysis, research,
data, guidance and professional advice, unveiled today the
company's new website, www.vegaswinners.com.
The website now features new functionality and expert advice
from an unparalleled lineup of over 21 professional handicappers.
The site was built to keep up with the explosive growth of the
online sports betting industry and has been designed using feedback
directly from both amateur and serious professional sports
bettors.
Wayne Allyn Root, VegasWINNERS CEO stated, "Sports gambling
revenues are exploding and setting records every month. Over half
the states in America now have legalized sports gambling, with many
more to come. But all these millions of new amateur sports bettors
need quality research, analysis, information, stats and winning
point spread advice. That's what we provide. We do the homework for
sports bettors. 45 million Americans say they will bet on the NFL
this season. That's our audience. This site was designed for
them."
The new website features weekly Krush House video content
co-hosted by Frank Nicotero, former NFL quarterback, ESPN NFL
analyst Sean Salisbury and Wayne Allyn Root who
is known as "The King of Vegas sports gambling" and "America's
oddsmaker". It also includes daily sports handicapping selections
from the expert handicappers and showcases categories such as: The
Best Picks, Free Picks, Yesterday Results, The Leader Board and
more.
"We are so excited to offer the revamped website to all our
sports fans and there are both premium and free sections. We're
partnered with bookmakers and registered in states that sports
betting is legal. Now betting on your favorite game has never been
made easier," said Root.
Some of the handicappers who will provide their expertise
include TV and radio veterans Larry Ness, Chip
Chirimbes, Al McMordie, and Ross Benjamin.
Chip Chirimbes, VegasWinners Handicapper stated "We've been
picking games for over 20 years and have been right more time than
we've been wrong when it comes to picking the winner. There has
been such an explosion in online sports betting and sports fans now
more than ever need our guidance and VegasWINNERS makes it's really
simple to find all the best information all in one place."
VegasWINNERS is celebrating the launch of its new website by
providing coupons to first-time registrants, and substantial
discounts on long-term subscriptions. More information is available
on www.vegaswinners.com. Recently, VegasWINNERS announced
a new loyalty rewards and cryptocurrency launchthat includes a
points system and cryptocurrency redemption marketplace. Points are
earned based upon interaction on the VegasWINNERS and Krush House
websites, or other websites based upon predefined actions and
rewards. They can then be converted to Krush Coin, a tokenized
currency using the blockchain network.
CONTINUED… Read
this full release for Winners, Inc.
at: https://www.financialnewsmedia.com/news-wnrs/
Other recent developments in the markets of note
include:
Engine Media Holdings,
Inc. (NASDAQ: GAME),
an esports/sports gaming and next-generation media solutions
company, recently
announced that its wholly owned subsidiary, WinView Games
("WinView") has entered into a partnership with 680 The
Fan, Atlanta's preeminent sports radio station, to
elevate listener engagement with live games of skill that test the
audience's sports IQ for cash or fun. The partnership consists of
exclusive WinView contests and promotions that are synchronized to
680 The Fan's broadcast and website. These contests will allow
people to play along while they listen or watch a game, which will
span Braves, Hawks, Falcons, Bulldogs, and Yellow Jackets games.
These games will be produced in both live and pregame modes, which
will allow users to constantly engage with the events.
This partnership illustrates Engine's unique position in the
skills-based gaming market and its ability to combine media
solutions with social gaming experiences to create truly
one-of-a-kind experiences. 680 The Fan has worked with Engine's
wholly-owned subsidiary, Frankly Media ("Frankly"), to develop and
manage its digital sports destination, including leveraging its
live streaming audio and video platform. WinView's newly announced
partnership with 680 The Fan is a perfect compliment.
DraftKings Inc. (NASDAQ: DKNG) recently
announced the launch of DraftKings' online Sportsbook
in Arizona, marking the 14th state in which
the top-rated mobile sportsbook is
available. Arizona sports fans age 21 and over are now
able to place wagers on a variety of betting markets across
professional, collegiate and other sports leagues via the
DraftKings Sportsbook app. The announcement comes following a
successful launch of DraftKings' daily fantasy product which
experienced more than 90,000 contest entries in the first 12
days.
"With the launch of our digital sportsbook coinciding with NFL
kickoff, the busiest and most exciting time of the year for our
company, we could not have imagined a better time to
introduce Arizona's sports fans to the DraftKings
experience," said Matt Kalish, co-founder and president of
DraftKings North America. "We would also like to thank the PGA
TOUR, TPC Scottsdale, as well as Governor Doug Ducey and
his team, Representative Jeff Weninger, Senator T.J.
Shope, the Arizona state legislature, and the Arizona
Department of Gaming for working together to further fan engagement
across sports. We look forward to becoming the sportsbook of choice
for Arizonans across the state."
Elys Game Technology, Corp.
(NASDAQ: ELYS),
an interactive gaming and sports betting technology company, and
Grand Central LLC ("Grand Central"), an independently owned
operator of the Grand Central Restaurant & Bar located in the
Adams Morgan area of Washington, D.C., recently announced the grant by
the District of Columbia's Office of Lottery and Gaming
(OLG) of a Class B Operator license to Grand Central to operate a
sportsbook within the Grand Central Restaurant & Bar and of a
provisional Class B Standard Management Services Provider License
to the Company in conjunction with management services to be
provided to Grand Central.
The Grand Central venue will offer sports betting alongside food
and beverages providing a unique customer experience and is
believed to be the first sportsbook of its kind to be operated
within an independently owned business establishment in the U.S.
The Class B license allows a full-service sportsbook with no
restrictions on maximum bets to be wagered and where all winnings
can be redeemed on-site. Elys will provide Grand Central with the
turn-key retail betting solution on POS and kiosk hardware as well
as managed services to operate the sportsbook, including
back-office and business intelligence, odds and event offerings,
risk management and trading services, while both Elys and Grand
Central will collaborate on customer-engagement campaigns,
marketing, and any co-branding ventures. To allow sufficient time
for staff training and hardware installation, it is expected that
wagering on sports will be offered at Grand Central in or
around October 2021 with the on-premise mobile app to be
launched in 2022.
SharpLink Gaming
Ltd. (NASDAQ: SBET), a
pioneer of game-changing technological solutions and
experience-based services for the U.S. online sports betting
industry, recently
announced that the Company is teaming with NBC Sports to
launch a new, interactive, free-to-play online game for the
43rd Ryder Cup to be held at Whistling Straits
in Kohler, Wisconsin from September 24-26,
2021. Established in 1927, the Ryder Cup is a major golf
competition that occurs every two years and pits 24 of the world's
best golfers comprising Team USA and Team Europe in a
head-to-head match play competition.
The Ryder Cup Fantasy online game will be
available on RyderCuo.com and the official Ryder Cup mobile apps
for iOS and Android, providing golf fans in the U.S.
and Europe with a fun, even more immersive Ryder Cup
experience. Fans will be challenged to choose six golfers from
either the U.S. or European teams and earn points the same way the
professional golfers will earn points in the Ryder Cup matches. For
instance, if a fan's golfer is part of a winning match/pair, one
point is awarded; or if there is tie, the fan earns a half point.
The goal is to earn as many fantasy points, as possible. Players
will be competing for an ultimate prize pack filled with Ryder Cup
gear.
DISCLAIMER: FN Media Group LLC (FNM), which owns and
operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a
third party publisher and news dissemination service provider,
which disseminates electronic information through multiple online
media channels. FNM is NOT affiliated in any manner with any
company mentioned herein. FNM and its affiliated companies
are a news dissemination solutions provider and are NOT a
registered broker/dealer/analyst/adviser, holds no investment
licenses and may NOT sell, offer to sell or offer to buy any
security. FNM's market updates, news alerts and corporate
profiles are NOT a solicitation or recommendation to buy, sell or
hold securities. The material in this release is intended to
be strictly informational and is NEVER to be construed or
interpreted as research material. All readers are strongly
urged to perform research and due diligence on their own and
consult =a licensed financial professional before considering any
level of investing in stocks. All material included herein is
republished content and details which were previously disseminated
by the companies mentioned in this release. FNM is not liable
for any investment decisions by its readers or subscribers.
Investors are cautioned that they may lose all or a portion of
their investment when investing in stocks. For current
services performed FNM has been compensated forty nine hundred
dollars for news coverage of the current press releases issued
by Winners, Inc. by a non-affiliated third party. FNM HOLDS
NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E the Securities Exchange Act of 1934, as amended and
such forward-looking statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
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such as "may", "future", "plan" or "planned", "will" or "should",
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You are cautioned that such statements are subject to a multitude
of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the
forward-looking statements, including the risks that actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors, and other risks
identified in a company's annual report on Form 10-K or 10-KSB and
other filings made by such company with the Securities and Exchange
Commission. You should consider these factors in evaluating the
forward-looking statements included herein, and not place undue
reliance on such statements. The forward-looking statements in this
release are made as of the date hereof and FNM undertakes no
obligation to update such statements.
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SOURCE FinancialNewsMedia.com
Source - https://www.prnewswire.com/news-releases/global-online-gambling-market-size-expected-to-reach-127-billion-by-2027-301382303.html
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