Overview and Scope
Gambling is the act of wagering money or something of value on an event with an uncertain outcome that is not under the gambler’s control, with the intent of winning something else of value, often money. Gambling can teach a valuable lesson about the relationship between risk and reward.
Sizing and Forecast
The gambling market size has grown strongly in recent years. It will grow from $540.27 billion in 2023 to $580.36 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to emerging markets growth, growth in female gamblers and increased betting on e-sports.
The gambling market size is expected to see strong growth in the next few years. It will grow to $744.76 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to legalization of gambling, rapid urbanization, increasing use of social media and rising population. Major trends in the forecast period include investing in gambling games that use ar and vr technology, adopt advanced technologies to introduce live casinos, invest in sports betting, invest in providing mobile gambling services, invest in online casinos facilities, adopt cryptocurrencies to improve transparency in transactions, invest in branded slot games and gambling services through smart watch applications, offering offshore betting services, offer keno games.
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Segmentation & Regional Insights
The gambling market covered in this report is segmented –
1) By Type: Casino, Lotteries, Sports betting, Others
2) By Channel: Offline, Online, Virtual Reality
3) By End User: Gambling Enthusiasts, Social Exuberant, Others
Asia-Pacific was the largest region in the gambling market in 2023. Eastern Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the gambling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Changing Consumer Gambling Habits: The demand for gambling is expected to be driven by the changing gambling habits of consumers. The increasing popularity of gambling apps and social gambling will propel the growth of the market going forward. The global social casino market reached $6.62 billion in 2022, growing at a CAGR of 7.26%. The increasing adoption of mobile devices and increasing internet penetration will drive the demand for online gambling, driving market growth.
Key Industry Players
Major companies operating in the gambling market report are China Welfare Lottery, Flutter Entertainment plc, Caesars Entertainment Corporation, MGM Resorts International, The Hong Kong Jockey Club, Bet365 Group Ltd, Las Vegas Sands Corporation, Wynn Resorts Ltd., Galaxy Entertainment Group Limited, Melco International Development Ltd., Marina Bay Sands Casino, Inspire Integrated Resort, Aquis Great Barrier Reef Casino, Sky City Auckland Casino, Deltin Daman Casino, SJM Grand Lisboa, City Of Dreams, Venetian Macao, Kangwon Land Casino, Holland America Cruise Line Volendam, Resorts World Sentosa, Spielbank Do-Hohensyburg, Casino Gran Madrid Torrelodones, Casino de la Vallee – St. Vincent, Zeal Network SE, Betway, Novibet, Merkur Casinos, CasinoLuck, CasinoJoy, Merlin Entertainments, Selena World Resort & Casino, Admiral Casino Colosseum, Luxury Casino, Casino Action, Goldfishka, BetChan Casino, NetBet Casino, Joy Casino, Marriott Hotel & Casino Warsaw, NBC Universal, SPIN Casino, DraftKings Inc, BetAmerica, LeoVegas AB, Evolution Gaming AB, Scientific Games Corporation, Buffalo Partners, the Stars Group Inc, Hipódromo Argentino de Palermo, Sun Monticello Casino and Hotel, Casino Golden Palace, Casino de Tigre, Casino Buenos Aires, Trilenium Casino, Casino Rock’n Jazz, Celebrity Cruises – Constellation, Casino du Liban, 888casino, Jumeirah, Farah Experiences LLC, Parimatch, NetBet, Unibet, 22bet, GrandWest Casino & Entertainment World, Sun International, Peermont, Federal Palace Hotel & Casino, Kairo International, Le Grande Casino, Maritim Jolie Ville Resort & Casino Sharm El Sheikh.
The gambling market report table of contents includes:
1. Executive Summary
2. Gambling Market Characteristics
3. Gambling Product/Service Analysis -Product/Service Examples
4. Gambling Market Trends And Strategies
5. Gambling Market – Macro Economic Scenario
…
68. Global Gambling Market Competitive Benchmarking
69. Global Gambling Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Gambling Market
71. Gambling Market Future Outlook and Potential Analysis
72. Appendix
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