Global Online Poker Market Size, Share 2032
Provided By: Market Research Store
Global Online Poker Market Size, Share 2032
Provided By: Market Research Store
Online Poker Market Size, Trends and Insights By End-User (Gambling Enthusiasts, Dabblers, Social Exuberant, Teenagers and Adults), By Type (Texas Hold'em Poker, Omaha, 7-Card Stud, 5-Card Draw, Follow The Queen), By Application (Gambling, Entertainment) By Platform (PC, Tablet, Smartphone, Gaming Console, Arcade Games) By Payment Mode (Credit Cards, Debit Cards, Net Banking) and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032
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Overview
Global Online Poker Market
Online Poker Market: Overview
Online Poker Market Size, Trends and Insights By End-User (Gambling Enthusiasts, Dabblers, Social Exuberant, Teenagers and Adults), By Type (Texas Hold'em Poker, Omaha, 7-Card Stud, 5-Card Draw, Follow The Queen), By Application (Gambling, Entertainment) By Platform (PC, Tablet, Smartphone, Gaming Console, Arcade Games) By Payment Mode (Credit Cards, Debit Cards, Net Banking) and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032
According to Custom Market Insights (CMI), The Online Poker Market size was estimated at USD 85.4 Billion in 2022 and is expected to hit around USD 170 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 12% from 2022 to 2030.
A storage container known as an Online Poker, also called a tank container, is described as one that is used to transport a variety of industrial or commercial components, including food, chemicals, and gases, among others. It is a cylindrical vessel whose thickness can vary depending on the need.
Online poker is incredibly popular and will only continue to grow in popularity as a result of the widespread use of smartphones, acceptance of Bitcoin and other digital currencies, and ease of access to casino websites. Aiming to promote the desired level of confidence in the online betting business, technological developments coexist with the annual expansion of online poker.
For example, virtual reality in gaming creates a simulation of the surroundings; users can interact with them in a real way with specialized equipment such as gloves with sensors.
VR delivers a more realistic gambling experience, higher sound quality, and a realistic game design, as well as allowing players to interact with other players and dealers. Through the creation of new growth potential, VR has assisted the market in improving the gambling experience.
Get a Free Sample Report with All Related Graphs & Charts (with COVID 19 Impact Analysis): https://www.custommarketinsights.com/request-for-free-sample/?reportid=21394
Online Poker Market: Growth Drivers
The market is being driven by expanding internet penetration as well as a rise in the number of people using their mobile phones to play online games both at home and in public. In addition, factors including legal and cultural acceptance, simple access to internet gambling, celebrity endorsements, and corporate sponsorships are promoting industry expansion. The industry is expected to grow more as a result of the affordable mobile applications that are readily available everywhere.
Online poker games place a strong emphasis on creating informational tools that help and support players, protect the integrity of gambling, and guard against fraud. Many online gambling websites provide a free-play version of their games, which presents company growth possibilities.
Many nations have legalized gambling because it creates jobs and generates more tax money for municipal and state governments. In places where casinos play a part in tourist vacations, gambling has also had a good impact on local retail sales for the hotel industry, which has helped the business grow quickly.
Additionally, the adoption of blockchain technology has significantly impacted market expansion. Transparency in gambling activity is ensured by the blockchain’s ability to make safe payments. Due to the speed and security of Bitcoin transactions, gambling offers a wide range of chances. Because bitcoin transactions are subject to fewer regulations, they are now widely employed in online gambling.
Report URL: https://www.custommarketinsights.com/report/online-poker-market/
Online Poker Market: Regional Analysis
Europe is expected to hold the largest share of the online poker market. The majority of the growth is attributed to the legalization of online gambling in countries such as Italy, Germany, the UK, Italy, Poland, Malta, and Spain. Moreover, the high disposable income, high spending on leisure, and growing popularity of online gambling, in the region is supporting the market growth. Whereas, the Asia Pacific region is projected to witness a high CAGR during 2022-2030.
The relaxation in government rules across Asian countries concerning online betting is boosting the market. Also, increasing spending the population on leisure activities is expected to fuel the market. However, the negative mental impact on players and bans in certain countries is hindering the growth of the market in the region.
Online Poker Market: Recent Developments
July 2022: PokerBaazi.com has launched a new advertising campaign called ‘You Hold the Cards,’ which stars brand ambassador Shahid Kapoor. The brand’s ‘You Hold the Cards’ campaign aims to raise awareness of poker as a skill-based sport and establish it in Poker.
June 2022: PokerStars, part of Flutter Entertainment, announced today it has been granted full registration to operate in the Canadian province of Ontario, by the Alcohol and Gaming Commission of Ontario (AGCO).
Key Players:
- Tencent
- Playtika
- Zynga Inc.
- PokerStars
- Arkadium
- Baazi Games
- MPL
- Quadrific Media Pvt Ltd.
- Pocket52
- BLITZ POKER
- Ignition
- Americas Cardroom
- BetOnline
- Every game
- True Poker
- Bovada
- Juicy Stakes
- Others
Press Release: https://www.custommarketinsights.com/press-releases/online-poker-market-size/
The Online Poker Market is segmented as follows:
By End-user
- Gambling Enthusiasts
- Dabblers
- Social Exuberant
- Teenagers
- Adults
By Type
- Texas Hold’em Poker
- Omaha
- 7-Card Stud
- 5-Card Draw
- Follow The Queen
By Application
- Gambling
- Entertainment
By Platform
- PC
- Tablet
- Smartphone
- Gaming Console
- Arcade Games
By Payment Mode
- Credit Cards
- Debit Cards
- Net Banking
On the basis of Geography
North America
- The US
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- New Zealand
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
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