The turnover in the Gambling and Betting Activities Sector in Turkey has exhibited substantial growth over the past decade, starting from 11.77 billion New Turkish Liras in 2013 to 38.89 billion in 2023. The sector demonstrated rapid growth from 2018 to 2019, reaching a peak annual increase of 70.46%. Although there was a decline of 5.96% in 2020, the sector recovered gradually, with a 5.42% year-on-year increase by 2023. The compound annual growth rate (CAGR) during the last five years (up to 2023) stood at 13.73%, indicating strong underlying growth despite yearly fluctuations.
Looking forward to the future, the turnover is forecasted to continue its upward trend, reaching 49.34 billion New Turkish Liras by 2028, with an expected average annual growth rate (CAGR) of 3.73%. This suggests moderate but steady growth, resulting in an overall 20.07% increase over the next five years.
Future trends to watch for in this sector include the impact of regulatory changes, the growing influence of online betting, technological advancements in gaming, and potential economic fluctuations in the Turkish market that could affect disposable income and spending on gambling activities.
