Globe Newswire reports increasing popularity of gaming apps (255 additional downloads) This is due to mobile apps being profitable and generating significant growth. The sports betting software uses sophisticated prediction algorithms to identify lucrative opportunities for gambling bettors. Due to regulatory differences between countries, it is difficult to estimate the overall value of the betting market. Statista gives the following figures for 2020: The online gambling market is worth $58.9 billion and its net gain is $23.66 billion. Grand View Research predicts 11.5% growth in the betting market through 2027.
