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Global Online Gambling Market Size Expected to Reach $127 Billion By 2027

September 25, 2021 | Financial

PALM BEACH,  Fla., Sept. 22, 2021 /PRNewswire/ — 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 the 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. The growing popularity of betting across the globe and the 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… The Asia Pacific is anticipated to register the highest growth rate owing to the increased adoption of smartphones, the larger proportion of the younger population, and the 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 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 launch that 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.

Read this full release for Winners, Inc.

SOURCE: FinancialNewsMedia.com.