Gambling Market is Likely to Upsurge USD 7.51 billion by 2029, registering a CAGR of 5.5% Globally, Size, Share, Trends, Demand, Market Dynamics, Growth Forecast and Competitors Outlook
“The Gambling Market research document serves as a valuable tool for businesses, enabling intelligent decision-making and improved management of goods marketing, ultimately fostering business growth. This market report calculates the growth rate and market value based on dynamic market forces and growth-inducing factors. It thoroughly analyzes and discusses significant industry trends, provides estimations of market size, and examines market share in detail. Competitor analysis, a crucial aspect of any market research report, is also a focal point, assessing competitors’ strengths, weaknesses, and strategies related to both products and market positioning.
A high-quality Gambling Market report has been meticulously prepared with unwavering commitment and transparency in research and analysis. The report compiles an array of market drivers and constraints, derived from SWOT analysis, while presenting comprehensive CAGR projections for the historical year 2018, the base year 2019, and the forecast period spanning. It spotlights prospective and pivotal opportunities in emerging geographical markets. A comprehensive report encompasses an exhaustive and distinct analysis of market drivers and constraints, the major market players within the industry, a detailed breakdown of market segmentation, and a thorough competitive analysis of key players.
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global Gambling Market Analysis and Size
Over the last few years, there has been immense growth in participation in gambling activities. Additionally, with the transition from console to mobile, participation in gambling has surged rapidly. In recent decades, legal gambling has become a major phenomenon in various countries, including the United States. The fact that over 80% of American adults bet at least once in their lifetime puts the popularity of gambling in the country into perspective. Therefore, the market is estimated to grow rapidly over forecast period of 2022 to 2029.
- The gambling market was valued at USD 4.90 billion in 2021 and is expected to reach USD 7.51 billion by 2029, registering a CAGR of 5.5% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behavior.
Global Gambling Market Definition
Gambling includes activities such as betting, lottery, and bingo, among others, in addition to the transfer of money and resources via many hands. The major competitors in the worldwide market are improving their operations and introducing new programs in order to entice a broader audience to test what they have to offer. In addition, the players are legitimizing their business by providing clean, authentic services that cannot be questioned. Furthermore, the market is being promoted exclusively for the sake of enjoyment and entertainment, and nothing illegal is being done.
Report Scope and Market Segmentation
| REPORT METRIC | DETAILS |
| Forecast Period | 2022 to 2029 |
| Base Year | 2021 |
| Historic Years | 2020 (Customizable to 2019 – 2014) |
| Quantitative Units | Revenue in USD Billion, Volumes in Units, Pricing in USD |
| Segments Covered | By Type (Casino, Betting, Poker, Lottery, Online Bingo, Others), End-User (Gambling Enthusiasts, Social Exuberant, Others), Channel Type (Offline Gambling, Online Gambling, Virtual Reality (VR) Gambling) |
| Countries Covered | U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa |
| Market Players Covered | Kindred Group PLC (Malta), Flutter Entertainment plc (Ireland), NetEnt AB (publ). (Sweden), Betsson AB (publ)(Sweden), Ladbrokes Betting & Gaming Ltd. (UK), and 888 Holdings (UK), Lottery.hk (China), The Hong Kong Jockey Club (China), MGM Resorts International (U.S.), Crown Resorts Limited (Australia), Caesars Entertainment (U.S.), Las Vegas Sands Corporation (U.S.), Melco International Development Limited (China), Genting Berhad (Malaysia), Wynn Resorts Holdings, LLC (U.S.) and Galaxy Entertainment Group Limited (China) |
| Market Opportunities |
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Gambling Market Dynamics
Drivers
- High Indulgence in Gambling
The population of many worldwide locations is increasing, and the millennial generation is constantly eager to do new and difficult activities. One of them is gambling. Gambling basically provides tremendous incentives in the form of power, guaranteed returns, and bonuses as a source of enjoyment and pass time, which is projected to create outstanding demand for gambling services during the forecasted period.
- Surging Legalized Gambling
Gambling has also evolved into a sophisticated and fashionable kind of entertainment in the present era of glamorous casino environments. Legalized gambling also provides financial benefits to governments in the form of tax income and profits for gambling facilities and communities. As a result, legal gambling has been increasingly popular in several countries, including the United States, in recent decades.
The increasing inclination towards gambling to escape from everyday stress and boredom will further propel the growth rate of gambling market. Additionally, the growth in female gamblers along with the rapid urbanization will also drive market value growth over forecast period. Furthermore, the availability of low-cost mobile applications, increased digitization, a variety of safe digital payment alternatives, an increase in disposable money and increased use of digital currencies and websites also boost the overall market’s growth.
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The gambling market is segmented on the basis of type, end user and channel type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Casino
- Betting
- Poker
- Lottery
- Online Bingo
- Others
On the basis of type, the gambling market has been segmented into casino, betting, poker, lottery, online bingo and others. Betting is further segmented into football, horse racing, e-sports and others. Casino is further segmented into live casino, baccarat, blackjack, poker, slots and others.
End-User
- Gambling Enthusiasts
- Social Exuberant
- Others
The gambling market has also been segmented on the basis of end-user into gambling enthusiasts, social exuberant and others.
Channel Type
- Offline Gambling
- Online Gambling
- Virtual Reality (VR) Gambling
On the basis of channel type, the gambling market is segmented into offline gambling, online gambling and virtual reality (VR) gambling.
Reasons to Consider This Report
- To understand the Gambling Market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Gambling Market
- Efficiently plan M&A and partnership deals in Gambling Market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form cannabis seeds market
- Obtain market revenue forecast for Gambling Market by various segments from 2022-2029 in regions.
Key Influence of this Market:
- Comprehensive assessment of all opportunities and risk in this Gambling Market
- This Market recent innovations and major events
- Detailed study of business strategies for growth of the this Market-leading players
- Conclusive study about the growth plot of the Gambling Market for forthcoming years
- In-depth understanding of this Gambling Market particular drivers, constraints and major micro markets
- Favourable impression inside vital technological and market latest trends striking this Market
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
- To provide country level analysis of the market with respect to the current market size and future prospective
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