How Global Gambling Market Players Should Strategize For 2022-2031
3 Mar, 2022
The global gambling market size is expected to grow from $287.43 billion in 2021 to $458.93 billion in 2022 at a compound annual growth rate (CAGR) of 59.7%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The gambling market is expected to reach $458.93 billion in 2026 at a CAGR of 18.4%.
What is the Global Gambling Market?
The gambling market consists of sales of gambling services and related goods by entities (organizations, sole traders and partnerships) that operate gambling facilities, such as casinos, bingo halls, video gaming terminals, lotteries, and off-track sports betting. Gambling is the act of wagering money or something of value on an event with an uncertain outcome that is not under gambler control, with an intent of winning money. Bingo parlors, coin-operated gambling device concession operators, bookmakers, lottery ticket sales agents, and card rooms are also included in this market. The gambling market also includes sales of gambling services and related goods by entities that operate casino hotels.
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What drives the Global Gambling Market?
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 is reached $4.64 billion in 2020, grew at a CAGR of 5%. The increasing adoption of mobile devices and increasing internet penetration will drive the demand for online gambling, driving market growth.
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https://www.thebusinessresearchcompany.com/report/gambling-global-market-reportGlobal Gambling Market Segments
The global gambling market is segmented:
By Type: Casino, Lotteries, Sports Betting, Other Gambling
By Channel Type: Offline, Online, Virtual Reality (VR)
By End-User: Gambling Enthusiasts, Social Exuberants, Others
By Geography: The regions covered in the gambling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Gambling Global Market Report 2022provides market size and growth forecasts for the global gambling market, global gambling market share, gambling market segments and geographies, gambling market competitive landscape including leading competitors’ revenues, profiles and market shares. The gambling market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Gambling Industry Playersinclude China Sports Lottery, China Welfare Lottery, Sociedad Estatal LoterĂas y Apuestas del Estado S.A., Flutter Entertainment plc, Maruhan, The Hong Kong Jockey Club, Tabcorp Holdings Ltd., Penn National Gaming, Inc, Caesars Entertainment Corporation and LAS VEGAS SANDS CORP. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.