Gambling market is estimated to grow by USD 260.44 billion between 2022 and 2027; Historic market size valued at USD 530.40 bn from 2017 to 2021 – Technavio
NEW YORK, Feb. 28, 2023 /PRNewswire/ — The gambling market is estimated to grow at a CAGR of 7.1% between 2022 and 2027. The size of the market is forecast to increase by USD 260.44 billion.888 Holdings plc, Bet365 Group Ltd., Betsson AB, Caesars Entertainment Inc., Camelot UK Lotteries Ltd., Crown Resorts Ltd., Entain Plc, EquiLottery LLC, Flutter Entertainment Plc, Freaks 4U Gaming GmbH, Galaxy Entertainment Group Ltd., Gateway Casinos and Entertainment Ltd., International Game Technology plc, INTRALOT SA, Kindred Group Plc, Las Vegas Sands Corp., MGM Resorts International, New York State Gaming Commission, SkyCity Entertainment Group, and The Betway Group are among some of the major market participants.
Key Vendor Offerings –
888 Holdings plc – The company offers Gambling games such as the XL retro series, Triple thread, and multiple modes of gaming with friends.
Bet365 Group Ltd. – The company offers gambling such as roulette, baccarat, blackjack and spin a win.
Betsson AB – The company offers gambling such as casino, poker, bingo and scratch cards.
Special coverage on the Russia–Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
Global competitiveness and key competitor positions
Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial
Highlights on market size and Dynamics for Historic period (2017-2021) and Forecast period (2023-2027) – Request Latest sample report
Footwear market2023-2027: Scope
The gambling market report covers the following areas:
Footwear market 2023-2027: Segmentation Analysis
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by type, platform, and region.
The market share growth by the lottery segment will be significant during the forecast period. A lottery is a type of gambling that offers certain prizes for the players. In this type of gambling, players have to draw numbers randomly to win prizes. It is one of the first forms of modern gambling and was introduced by the US government in Puerto Rico in 1934. The lottery market in North America and Europe is well developed, whereas the market is still in the nascent stage in APAC. Furthermore, our report provides a brief analysis of the historical and forecast market share and their segments along with the reasons for growth from 2017 to 2027. The growth of this segment is primarily attributed to the increasing adoption of gambling activities, which is driven by an increase in the global demand for the gambling industry.
Geography
North America
APAC
Europe
South America
Middle East and Africa
During the forecast period, North America is expected to contribute 37% to the development of the global market. The demand for online gambling in the region is growing at a rapid pace because of the rise in the number of mobile application platforms. Previously, the adoption of online-based gambling games, such as online poker, online bingo, and online lottery, was limited because of the lack of availability of online platforms, such as web applications and mobile applications. The increasing use of websites and applications for online gambling and the rising penetration of smartphones has enabled vendors to launch online-based gambling games, which is expected to fuel the demand for online gambling in North America, fostering the further growth of the market in focus during the forecast period.
For insights on global, regional, and country-level parameters with growth opportunities, historic period (2017 to 2021) and forecast period (2023-2027) – Request Latest sample report
Market Dynamics – The increasing betting on e-sports has been instrumental in driving the growth of the market. This study also identifies the introduction of bitcoin-based gambling as one of the prime reasons driving the gambling market growth during the next few years. However, the security and credibility issues associated with online gambling might hamper the market growth.
The online gambling market is estimated to grow at a CAGR of 11.03% between 2022 and 2027. The size of the market is forecast to increase by USD 150.5 billion. This report extensively covers market segmentation by device (desktop and mobile), product (lottery, betting, and casino), and geography (North America, APAC, Europe, South America, and Middle East and Africa).
Thecasinos and gambling marketis estimated to grow at a CAGR of 8.13% between 2022 and 2027. The size of the market is forecast to increase by USD 90.22 billion. This report extensively covers market segmentation by platform (offline and online), type (poker, blackjack, craps, lottery, and others), and geography (North America, APAC, Europe, South America, and Middle East and Africa).
Footwear market2023-2027: Key Highlights
CAGR of the market during the forecast period 2023-2027
Detailed information on factors that will assist gambling market growth during the next five years
Estimation of the gambling market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the footwear market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of the gambling market vendors
Gambling Market Scope
Report Coverage
Details
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 7.1%
Market growth 2023-2027
USD 260.44 billion
Market structure
Fragmented
YoY growth 2022-2023(%)
6.0
Regional analysis
North America, APAC, Europe, South America, and Middle East and Africa
Performing market contribution
APAC at 37%
Key countries
US, Canada, China, UK, Mexico, Italy, Spain, Japan, Australia, India, South Korea and Germany
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
888 Holdings plc, Bet365 Group Ltd., Betsson AB, Caesars Entertainment Inc., Camelot UK Lotteries Ltd., Crown Resorts Ltd., Entain Plc, EquiLottery LLC, Flutter Entertainment Plc, Freaks 4U Gaming GmbH, Galaxy Entertainment Group Ltd., Gateway Casinos and Entertainment Ltd., International Game Technology plc, INTRALOT SA, Kindred Group Plc, Las Vegas Sands Corp., MGM Resorts International, New York State Gaming Commission, SkyCity Entertainment Group, and The Betway Group
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
Exhibit 06: Executive Summary – Chart on Market Segmentation by Platform
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ billion)
Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global gambling market 2017 – 2021
Exhibit 18: Historic Market Size – Data Table on Global gambling market 2017 – 2021 ($ billion)
4.2 By type Segment Analysis 2017 – 2021
Exhibit 19: Historic Market Size – By type Segment 2017 – 2021 ($ billion)
Exhibit 148: Galaxy Entertainment Group Ltd. – Overview
Exhibit 149: Galaxy Entertainment Group Ltd. – Business segments
Exhibit 150: Galaxy Entertainment Group Ltd. – Key offerings
Exhibit 151: Galaxy Entertainment Group Ltd. – Segment focus
12.13 Gateway Casinos and Entertainment Ltd.
Exhibit 152: Gateway Casinos and Entertainment Ltd. – Overview
Exhibit 153: Gateway Casinos and Entertainment Ltd. – Product / Service
Exhibit 154: Gateway Casinos and Entertainment Ltd. – Key offerings
12.14 International Game Technology plc
Exhibit 155: International Game Technology plc – Overview
Exhibit 156: International Game Technology plc – Business segments
Exhibit 157: International Game Technology plc – Key offerings
Exhibit 158: International Game Technology plc – Segment focus
12.15 INTRALOT SA
Exhibit 159: INTRALOT SA – Overview
Exhibit 160: INTRALOT SA – Business segments
Exhibit 161: INTRALOT SA – Key news
Exhibit 162: INTRALOT SA – Key offerings
Exhibit 163: INTRALOT SA – Segment focus
12.16 Kindred Group Plc
Exhibit 164: Kindred Group Plc – Overview
Exhibit 165: Kindred Group Plc – Business segments
Exhibit 166: Kindred Group Plc – Key offerings
Exhibit 167: Kindred Group Plc – Segment focus
12.17 Las Vegas Sands Corp.
Exhibit 168: Las Vegas Sands Corp. – Overview
Exhibit 169: Las Vegas Sands Corp. – Business segments
Exhibit 170: Las Vegas Sands Corp. – Key offerings
Exhibit 171: Las Vegas Sands Corp. – Segment focus
13 Appendix
13.2 Inclusions and exclusions checklist
Exhibit 172: Inclusions checklist
Exhibit 173: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 174: Currency conversion rates for US$
13.4 Research methodology
Exhibit 175: Research methodology
Exhibit 176: Validation techniques employed for market sizing
Exhibit 177: Information sources
13.5 List of abbreviations
Exhibit 178: List of abbreviations
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