Report DescriptionAbout IMARC Group

International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all regions and industry verticals to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

Australia Online Gambling Market Research Report 2023-2028:

The latest report by IMARC Group, titled “ AustraliaOnlineGamblingMarket:IndustryTrends,Share,Size,Growth,Opportunity,andForecast 2023-2028,” finds that the Australia online gambling market size reached US$ 4.5 Billion in 2022.

Online gambling, also known as electronic gambling, is the process of placing bets with a betting shop, bookie, and other gambling establishments. It is conducted via the internet, which offers a wide range of benefits, such as free games, bonuses, loyalty points, no traveling, global access, flexibility, convenience, and a wide range of payment options. In Australia, the introduction of new forms of online gambling, like keno, instant scratch tickets, and lottery terminals, has gained popularity across the country. Online gambling platforms also attract the younger generation and reach people who do not have access to casinos or bars

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Australia Online Gambling Market Trends:

The market is primarily driven by inflating disposable incomes and the increasing reliance on smartphones in the region. In addition, key market players are launching online gambling applications which can be easily accessed via tablets or mobile devices. Moreover, the sudden outbreak of the coronavirus (Covid-19) disease pandemic and the lockdown restrictions encouraged consumers to shift toward online gaming, which represents another major growth-inducing factor.

Besides this, the market is also being propelled by rising penetration of the internet, which assisted consumers in interacting with international and domestic gambling websites and mobile applications. Furthermore, the advent of advanced technologies, including virtual reality (VR), 3D animation, and blockchain, which create an immersive experience for the player and help maintain the transparency of gambling activities, is contributing to market growth. Looking forward, IMARC Group expects the market value to reach US$ 7.2 Billion by 2028, exhibiting a CAGR of 7.09% during the forecast period (20232028). View Report TOC, Figures and Tables: https://www.imarcgroup.com/australia-online-gambling-market