The Gambling and Betting Activities sector in Turkey has shown significant fluctuations in production from 2013 to 2023. The production value in 2023 stood at 38.75 billion New Turkish Liras (NTL).
Key year-on-year variations over the recent years include:
- 2021: An increase of 139.3%
- 2022: An increase of 17.62%
- 2023: A modest increase of 5.42%
The sector experienced severe declines in 2020 with a -62.39% year-on-year variation, impacting the overall CAGR, which stood at -1.79% in that year. However, recovery was robust in 2021.
Looking ahead, the forecast indicates a consistent growth trend, with the production value projected to reach 48.96 billion NTL by 2028. The anticipated 5-year CAGR is expected to be around 3.77%, suggesting moderate yet steady growth. Future trends to watch for include technological advancements in gambling platforms, regulatory changes, and shifts in consumer behavior driven by the broader economic environment.
