Online gambling is a form of entertainment that involves placing bets on various games or events through the internet. It can be accessed through different devices, such as desktops, Sports Betting laptops, smartphones, tablets, and smart TVs. Online gambling offers various advantages over traditional gambling, such as convenience, variety, accessibility, anonymity, and bonuses. According to a report by Grand View Research, the global online gambling market size was valued at USD 63.53 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 11.7% from 2023 to 2030.
In this essay, we will discuss the factors that are driving the growth of online gambling business in 2023 and the challenges and opportunities that it faces.
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