Research released by Transparency Market Research has forecast that the global online gambling and betting market will be worth nearly US$100bn by 2024.

Global i-gaming ‘worth $97bn by 2024’

Noting that strict regulation in some territories will continue to restrict the number of new entrants, the research found that the global online gaming market is expected to reach $96.89bn by 2024.

The market is projected to expand at a compound annual growth rate of 10.8 per cent from 2016 to 2024.