A suspension of sporting events also affected the gambling industry worldwide. However, one industry that has seen a surge in growth has been the online gambling industry. The pandemic and the. Jan 20, 2021 The publisher analyzes the Global Online Gambling Industry in its report Analyzing the Global Online Gambling Industry 2020. The report begins with an industry definition and moves on to the. Jun 14, 2020 The sports betting industry found new opportunities within the digital landscape and managed to keep players entertained. As a result, the sports betting industry has not only successfully survived, they were also able to broaden their betting market. International sports betting is estimated to have a market capitalization of $250 billion. According to Statista, a highly-reputable data firm, licensed online sportsbooks (like the ones we review) account for.

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The past year was a turning point for many verticals, and the gambling industry has been seriously affected by the Corona crisis. This applies in full to brick-and-mortar casinos as their halls remained empty for quite a while.

Though the gambling market in the UK is often considered one of the most profit-making industries on a global scale, the lockdowns have led to significant changes in its size and growth.

The outlook for the online gambling industry in the UK for this year seems to be marked by the attempts of the Gambling Commission to reduce the harm from gambling by improving the standards. In this article, we will focus on the legislative and the other shifts the online gambling industry is most likely to undergo in the months to come.

Attempts of the Gambling Commission to Make Online Betting Safer

The UK is easily one of the countries that have gone through a thorny path when it comes to the regulation of the different forms of gambling. The legal framework in the country, which has to do with gambling is based on the provisions established under the Gambling Act 2005, while the Gambling Commission is tasked with the duties to oversee such activities.

The introduction of the ban on the use of credit cards for gambling-related transactions and the availability of free-to-play games to players who are yet to verify their age are only some of the changes that have a significant impact on the gambling industry in the country.

After the lockdowns that were necessitated by the Corona crisis, the engagement of Brits in gambling-related activities has been heavily on the rise, and the Gambling Commission was quick to recognize this trend.

The changing shape and size of the online gambling industry are what urged the Gambling Commission to gather three working groups that will direct their efforts towards tackling problem gambling.

Loyalty schemes, gambling-related advertisements, and safer design of the products are the main points of attention for the working groups. Under the newly updated guidelines of the Commission, players can only be given access to the loyalty scheme of the gaming site if they are over the age of 25. With the new rules that were introduced in October 2020, stricter control is envisaged also for other VIP customers of the betting sites. Casino Guardian is a casino-related source of information players might find quite useful if they want to have up-to-the-minute information on the topic.

Further Restrictions Gamblers Might be Facing in 2021

One of the issues the working groups have addressed is the safety of the game designs. The gambling products Brits will gain access to should be much safer, and to achieve this, the group proposed the introduction of a mandatory ceiling on the losses, as well as a spin speed of 2.5 seconds.

Other options such as multiple-screen play, slam stop, turbo mode, and quick spin should be disabled too. The main reason why the respective working group has called against them is that they are designed to reduce the speed at which the reels are spinning.

A reduction in the volume of advertisements seen by vulnerable adults, children, and young people are also among the objectives the groups have set.

Something vital, which is worth noting is that the British government has called for the revisions of the Gambling Act 2005 in order to guarantee that its provisions respond to the technological age. The call for evidence will go on for 16 weeks, and its end date is in March this year, meaning that it is about to be determined what other changes might be proposed.

Under the new rules that were already approved, residents of the country who are under the age of 18 are no longer permitted to purchase lottery tickets.

The minimum age for playing the National Lottery is expected to come into effect in October 2021, while under the current plans of the government, 16 and 17 years old Brits will no longer be allowed to purchase such tickets from April 2021.

Other important upcoming changes in 2021 include imposing limits on the wagers placed over the Internet, as well as further age limits. In the months to come, the Commission is expected to set out new rules that have to do with the cashout of players’ winnings too.

Conclusion

To cut a long story short, the legislative changes that are about to be seen this year will undoubtedly continue to take center stage in the following months. Other trends to look out for in 2021 are the marked interest in mobile play and betting on sports. Additionally, many experts consider that e-sports are also likely to get even greater attention from gambling enthusiasts during this year, but what will ultimately come about is yet to be seen.

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Online Gambling & Betting Market 2020-2026

New Study Reports “Online Gambling & Betting Market 2020 Global Market Opportunities, Challenges, Strategies and Forecasts 2026” has been Added on WiseGuyReports.

Report Summary:-

The Global Online Gambling & Betting MarketReport 2020-2026 (Forecast Period) Offers An In-Depth Study Of Market Growth Factors, Future Evaluation, Country-Level Analysis, Online Gambling & Betting Market Distribution, And Competitive Landscape Study Of Significant Industry Players. Every Segment Of The Global Online Gambling & Betting Market Is Extensively Assessed In The Research Report. The Segment Analysis Offers Critical Opportunities Available In The Global Online Gambling & Betting Market Through Leading Segments. The Regional Study Of The Global Online Gambling & Betting Market Helps Readers To Attain A Thorough Understanding Of The Developments Of The Different Geographic Markets In Recent Years And Also Going Forth. In Addition, The Report Provides A Comprehensive Overview Of The Vital Dynamics Of The Global Online Gambling & Betting Market, Including Market Influence And Market Effect Factors, Drivers, Threats, Constraints, Trends, And Prospects. The Research Study Also Contains Other Forms Of Analysis, Such As Qualitative And Quantitative.

Under COVID-19 outbreak globally, this report provides 360 degrees of analysis from supply chain, import and export control to regional government policy and future influence on the industry. Detailed analysis about market status (2015-2020), enterprise competition pattern, advantages and disadvantages of enterprise products, industry development trends (2020-2025), regional industrial layout characteristics and macroeconomic policies, industrial policy has also been included. From raw materials to end users of this industry are analyzed scientifically, the trends of product circulation and sales channel will be presented as well. Considering COVID-19, this report provides comprehensive and in-depth analysis on how the epidemic push this industry transformation and reform.

In COVID-19 outbreak, Chapter 2.2 of this report provides an analysis of the impact of COVID-19 on the global economy and the Online Gambling & Betting industry.
Chapter 3.7 covers the analysis of the impact of COVID-19 from the perspective of the industry chain.
In addition, chapters 7-11 consider the impact of COVID-19 on the regional economy.

Key players in the global Online Gambling & Betting market covered in Chapter 4:
Paddy Power Betfair PLC
Everest Poker
Kindred Group
Zynga
Stars Group
William Hill PLC
Amaya Inc
Kindred PLC
GVC Holdings PLC
Aristocrat
Ladbrokes Coral Group PLC
888 Holdings PLC
GSN games
IGT
Playtika
Fortuna Entertainment Group
NetEnt AB
Full Tilt Poker
Playtech PLC
Party Poker

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Market Dynamics:-

The report also examines the several volume trends, the pricing history, and the market value in addition to understanding the key dynamics of the Online Gambling & Betting market. Several future growth drivers, challenges, and opportunities are also analyzed to obtain a better view of the industry.

In Chapter 11 and 13.3, on the basis of types, the Online Gambling & Betting market from 2015 to 2026 is primarily split into:
Poker
Casino
Social Gaming
Lottery
Bingo
Sports Betting
Fantasy Sports

In Chapter 12 and 13.4, on the basis of applications, the Online Gambling & Betting market from 2015 to 2026 covers:
Desktop
Mobile
Tab

Sports Betting Industry Size

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2015-2025) of the following regions are covered in Chapter 6, 7, 8, 9, 10, 11, 14:
North America (Covered in Chapter 7 and 14)
United States
Canada
Mexico
Europe (Covered in Chapter 8 and 14)
Germany
UK
France
Italy
Spain
Russia
Others
Asia-Pacific (Covered in Chapter 9 and 14)
China
Japan
South Korea
Australia
India
Southeast Asia
Others
Middle East and Africa (Covered in Chapter 10 and 14)
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Others
South America (Covered in Chapter 11 and 14)
Brazil
Argentina
Columbia
Chile
Others

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If you have any special requirements, please let us know and we will offer you the report as you want.

Major Key Points from Table of Content:

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Regulatory Scenario by Region/Country
1.4 Market Investment Scenario Strategic
1.5 Market Analysis by Type
1.5.1 Global Online Gambling & Betting Market Share by Type (2020-2026)
1.5.2 Poker
1.5.3 Casino
1.5.4 Social Gaming
1.5.5 Lottery
1.5.6 Bingo
1.5.7 Sports Betting
1.5.8 Fantasy Sports

……

4 Players Profiles
4.1 Paddy Power Betfair PLC
4.1.1 Paddy Power Betfair PLC Basic Information
4.1.2 Online Gambling & Betting Product Profiles, Application and Specification
4.1.3 Paddy Power Betfair PLC Online Gambling & Betting Market Performance (2015-2020)
4.1.4 Paddy Power Betfair PLC Business Overview
4.2 Everest Poker
4.2.1 Everest Poker Basic Information
4.2.2 Online Gambling & Betting Product Profiles, Application and Specification
4.2.3 Everest Poker Online Gambling & Betting Market Performance (2015-2020)
4.2.4 Everest Poker Business Overview
4.3 Kindred Group
4.3.1 Kindred Group Basic Information
4.3.2 Online Gambling & Betting Product Profiles, Application and Specification
4.3.3 Kindred Group Online Gambling & Betting Market Performance (2015-2020)
4.3.4 Kindred Group Business Overview
4.4 Zynga
4.4.1 Zynga Basic Information
4.4.2 Online Gambling & Betting Product Profiles, Application and Specification
4.4.3 Zynga Online Gambling & Betting Market Performance (2015-2020)
4.4.4 Zynga Business Overview
4.5 Stars Group
4.5.1 Stars Group Basic Information
4.5.2 Online Gambling & Betting Product Profiles, Application and Specification
4.5.3 Stars Group Online Gambling & Betting Market Performance (2015-2020)
4.5.4 Stars Group Business Overview
4.6 William Hill PLC
4.6.1 William Hill PLC Basic Information
4.6.2 Online Gambling & Betting Product Profiles, Application and Specification
4.6.3 William Hill PLC Online Gambling & Betting Market Performance (2015-2020)
4.6.4 William Hill PLC Business Overview
4.7 Amaya Inc
4.7.1 Amaya Inc Basic Information
4.7.2 Online Gambling & Betting Product Profiles, Application and Specification
4.7.3 Amaya Inc Online Gambling & Betting Market Performance (2015-2020)
4.7.4 Amaya Inc Business Overview
4.8 Kindred PLC
4.8.1 Kindred PLC Basic Information
4.8.2 Online Gambling & Betting Product Profiles, Application and Specification
4.8.3 Kindred PLC Online Gambling & Betting Market Performance (2015-2020)
4.8.4 Kindred PLC Business Overview
4.9 GVC Holdings PLC
4.9.1 GVC Holdings PLC Basic Information
4.9.2 Online Gambling & Betting Product Profiles, Application and Specification
4.9.3 GVC Holdings PLC Online Gambling & Betting Market Performance (2015-2020)
4.9.4 GVC Holdings PLC Business Overview
4.10 Aristocrat

Continued…..

NOTE : Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

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