
Online gambling gained traction during the first COVID-19 wave, as people turned into online entertainment due to nationwide lockdowns and traveling restrictions. In addition, the easing of restrictions lately has allowed in-person gambling to regain momentum, thanks to substantial pent-up demand.
With the increased use of smartphones and emerging technologies such as blockchain, AI, and virtual reality, it is no surprise that online gambling is becoming mainstream. The global gambling market is expected to reach $876 Billion by 2026, growing at a 3.6% CAGR. Moreover, the global online gambling market is expected to reach $114.4 billion by 2028, growing at a 10.9% CAGR.