Online Gambling Market Expected to Reach USD 647.9 Billion by 2027

TOKYO, Aug. 21, 2020 (GLOBE NEWSWIRE) -- adds more value to the gambling market by offering secure online casino games to the audience.

The gambling market is viewed as optimistic and pessimistic amongst the speculators. Recently a report amidst the Covid-19 epidemic stated that the global online gambling market is expected to reach 647.9 billion USD by 2027.

It was the 7th edition of the publisher's report was almost 280 pages long, describing how the epidemic impacted production and an opportunity for buyers in 2020-2021. The report also stated that in the betting segment, countries like the USA, Canada, Japan, China, and Europe are expected to drive the 7.7% CAGR estimated for this segment.

In another report from Hexa Research, in Nov 2018, they made an analysis in which global online gambling market size is forecasted to reach around 73.45 billion USD by 2024, seeing the rising ubiquity gambling across the globe.

Due to technological advancements and the implementation of new laws, markets are expected to boost in the times to come. With each passing year, many countries have legalized gambling in recent years. The Hexa research report also stated that countries like Japan passed a law to legalize casinos in Dec 2016 after holding it for 15 years. Even recently, came up with emphasizing Japan to regulate online gambling. However, few online betting activities are currently legalized in the country. To know more detailed information about online casinos in Japan, consider visiting sites like

The global market for online gambling anticipated to see significant growth rates over the next coming years, with an expected growth rate reaching a triple-digit number in billion dollars. A huge trend is the use of mobile devices, and many gambling sites report increasing rates in their share price stemming from the search engine on mobile phones.

The gambling scenario in Japan has always been quite trembling. The laws in Japan have always been stringent, and the country is perceived conservative when it comes to adopting Western ways of entertainment. It's a bit of a debatable topic when it comes to legalizing the Pachinko industry but not online gambling. Japan doesn't view Pachinko as gambling, yet players can withdraw their non-cash prizes into cash at the Pachinko parlors window.

To explore more about the online gambling industry in Japan, platforms like 6takarakuji aid in providing spectators with the most authentic and updated information.

About 6TAKARAKUJI is an information site created to dispel doubts and concerns about online casinos.

Media Contact-

Name- Kira Tanaka
Role- Country manager
Contact- +81 9075333234