Research and Markets has just announced the addition of the “Global Online Gambling Market 2016-2020” report to their offering.
And the data contained within the report points to significant growth for the market in question through the end of this decade.
“According to the report, increasing penetration among younger audience will be a key driver for market growth,” reads the report summary shared with MGW.
The average age of a casino visitor is 48 years while the average age of an online gambler is 34.5 years, indicating the paradigm shift of traditional gambling to the online environment.
“In the current market scenario, it is essential for the prosperity of any business to attract the millennial generation, and the global online gambling market is successfully attracting that segment of the population by offering variety in games and incentives other than the prize money,” the report explains.
All told, the global online gambling market to grow at a CAGR of 9.03% during the period 2016-2020.
To learn more, the full report is available for purchase here.