Various technological advancements, such as the development of virtual reality (VR) and blockchain tools, are acting as another growth-inducing factor. In line with this, convenient access to online casinos that can be used through mobile phones is also creating a positive impact on the online gambling industry. Online sports companies are also attaining high-profile sponsorships with various football and racing clubs, which helps attract new users. Furthermore, legalization and cultural approval of online betting in various developed countries are also providing a boost to the market growth. Rapid urbanization, along with the increasing penetration of the internet across the globe, is one of the key factors driving the growth of the market. Online gambling offers various benefits, such as cashless transactions, accessibility through any electronic device, customizable budget and real-time gambling experience for the players. They can download gambling software on their personal computers or can play through a website. Players can virtually play various games, such as sports betting, blackjack, poker, roulette and slot machines.

In comparison to in-person gambling, online gambling does not involve physical interaction of players and all the sessions are moderated by computer programs. Online gambling, or virtual gambling, refers to betting on casino or sports-based activities over the internet. Looking forward, the publisher expects the market to reach US$ 133.9 Billion by 2028, exhibiting a CAGR of 9.01% during 2022-2028.

The global online gambling market size reached US$ 79.8 Billion in 2022. Dublin, Ma(GLOBE NEWSWIRE) - The 'Online Gambling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028' report has been added to 's offering.

888 blackjack games free online