Gambling Market was valued at USD 450 Billion in 2022 and is projected to reach USD 565 Billion by 2030, growing at a CAGR of 3.5% from 2024 to 2030.
The global gambling market was valued at approximately USD 465 billion in 2022 and is projected to experience a compound annual growth rate (CAGR) of 8.5% from 2023 to 2028. This growth is driven by the increasing popularity of online gambling platforms, advancements in technology, and the expanding legal frameworks in various regions. The market's expansion is further supported by the rise in disposable income and the growing acceptance of gambling activities as a mainstream form of entertainment. The online segment, in particular, is expected to see significant growth due to the proliferation of smartphones and the internet, which have made gambling more accessible to a broader audience.
Opportunities in the gambling market are emerging in several regions, including Asia-Pacific and Latin America, where regulatory changes are creating favorable environments for growth. The increasing adoption of innovative technologies such as artificial intelligence and blockchain is also expected to enhance user experience and operational efficiency. Additionally, the market is witnessing a surge in demand for sports betting and eSports, which are becoming integral components of the gambling landscape. As new markets open up and consumer preferences evolve, the gambling industry is poised to leverage these opportunities to drive further expansion and profitability.
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888 Holdings
Camelot Group
Galaxy Entertainment Group
Intralot
MGM Resorts
New York State Lottery
Paddy Power Betfair
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Gambling Market
Online Gambling
Offline Gambling
Based on Types the Market is categorized into Below types that held the largest Gambling market share In 2023.
Lottery
Betting
Casino
Other
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Gambling Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Gambling Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Gambling Market, By Type
6. Global Gambling Market, By Application
7. Global Gambling Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Gambling Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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