Report: Global online gambling to expand by 10.8% by 2024

After a series of mergers and acquisitions, worldwide online gambling and betting market is projected to expand by as much as 10.8 percent by 2024.

In its latest report released on Tuesday, the Transparency Market Research (TMR) estimated that the global online gambling and betting market will be at US$96.89 billion by 2024 as it expects that the overall competitive landscape to consolidate.

For 2016, the research group predicted that the industry will be at US$42.63 billion.