Global Gambling Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
22 Jun, 2021
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. The gambling market is segmented into casinos; lotteries; sports betting and other gambling.
Global Gambling Market Size And Drivers:
The global gambling market is expected to grow from $465.76 billion in 2020 to $516.03 billion in 2021 at a compound annual growth rate (CAGR) of 10.8%. The growth 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 market is expected to reach $674.7 billion in 2025 at a CAGR of 7%. The demand for gambling is expected to be driven by the changing gambling habits of consumers.
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Trends In The Global Gambling Market
Branded slots are increasingly becoming popular in the gambling industry. Branded slots are licensed online casino games built around universally popular subjects such as movies, TV shows, music or books. Brand loyalty draws the customers towards trying slot games revolving around their favorite characters. Branded online slot games attract casual bettors, even the ones with little experience and interest in slot machines, as they create a connection with the players due to their familiarity with characters on the slots, increasing the traffic on the slot machines. Branded slots based on Game of Thrones, Westworld, Batman, and Jurassic Park are some of the most popular branded slot games.
Global Gambling Market Segments:
The global gambling market is further segmented based on type, channel and geography.
By Type: Casino, Lotteries, Sports Betting, Other Gambling
By Channel Type: Offline, Online, Virtual Reality (VR)
By Geography: The global gambling market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global gambling market, accounting for 38% of the market in 2020.
Read More On The Report For The Global Gambling Market At:https://www.thebusinessresearchcompany.com/report/gambling-global-market-report
Gambling Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides gambling market overviews, analyzes and forecasts market size and growth for the global gambling market, gambling market share, gambling market players, gambling market segments and geographies, gambling market’s 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.