1. Home
Global Gambling Market: Analysis By Product Type, By Platform, By Region Size & Forecast with Impact Analysis of COVID-19 and Forecast up to 2027

Global Gambling Market: Analysis By Product Type, By Platform, By Region Size & Forecast with Impact Analysis of COVID-19 and Forecast up to 2027

  • October 2022
  • 157 pages
  • ID: 6327363
  • Format: PDF
  • Daedal Research

Summary

Table of Contents

Gambling (also known as betting or gaming) is the staking of something valuable ("the stakes") on an event with an uncertain conclusion in the hope of gaining something valuable. Gambling, thus, necessitates the presence of three elements: consideration (a sum wagered), risk (chance), and a prize. The gaming industry is a term interchangeably used for gambling industry. The term gaming is more preferred by companies operating within the gambling market. As for them it sounds sort of more legal to be known as a gaming company instead of a gambling company. In 2021, the global gambling market was valued at US$439.5 billion, and is probable to reach US$621.3 billion by 2027.

The rise in adoption of online gambling via mobile and computers coupled with growing adoption of digital and mobile payments which has made payment procedures easier for users and online players, would impact demand for gambling market in the coming years. The gambling market is projected to grow at a CAGR of 5.94%, during the forecast period of 2022-2027.

Market Segmentation Analysis:

By Product Type: The report splits the global gambling market into five components: Casino, Lotteries, Gambling Machines, Betting and Other. Casino segment held around 35% of the market share in 2021. Numerous countries gradually looking to make gambling through casinos a legal activity by bringing under the tax umbrella is one of the major factors that encouraged casino in gambling industry.

By Platform: According to the report, the global gambling market is segregated into three algorithms: Landbased, Computer and Mobile. Landbased segment accounted for 85% in the gambling market in 2021, due to the new regulatory acts adopted by many countries paved favorable conditions for the growth of landbased gambling market.

By Region: According to this report, the global gambling market can be divided into four major regions: Asia Pacific (China, Japan, India and Rest of Asia Pacific), North America (The US, Canada and Mexico), Europe (Germany, UK, France, Italy, Spain and Rest of Europe) and Rest of the World. The Asia Pacific gambling market enjoyed the market share of around 38% in 2021, primarily owing to an increase in the growth of the urban living standards along with an increase in the growth luxurious gaming options.

While the China gambling market held the maximum share in the Asia Pacific market as in general, gambling in China is illegal. Residents of the country can try only one gambling activity, the operator of which is the state itself – the lottery. As for other activities, involving betting, they are held in two gambling zones – Hong Kong and Macau.

Global Gambling Market Dynamics:

Growth Drivers: The increasing internet users is creating an ideal situation for the rapid proliferation of online gambling platform types. Increased internet penetration benefits the gamers do not have to be physically present at the venue for online gambling, making it more convenient for the gamer. Further, the market is expected to increase due to hiking penetration of smart devices, growing global population, improving spending capability globally, legalization of gambling, etc.

Challenges: The lack of infrastructure such as unstable power supplies, insufficient communication networks, and inadequate or unreliable internet connectivity with limited bandwidth as well as a lack of human resources with the necessary technical expertise in using internet. The other challenge that gambling market face is negative perceptions on gambling, etc.

Trends: A major trend gaining pace in gambling market is potential of augment reality (AR) technology in online gambling. For casinos, this technology could introduce a range of new features, combining the best elements of live gaming and software with overlays and virtual reality add-ons that make for an even more engaging experience. More trends in the market are believed to augment the growth of gambling market during the forecasted period include emergence of bit coin gambling, cloud gaming, etc.

Impact Analysis of COVID-19 and Way Forward:

The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the gambling market in 2020 as governments globally imposed lockdowns and restrictions have had an impact on land-based casino operations. Several land-based gambling establishments, including bingo halls, casinos, clubs, pubs, horseracing tracks, poker rooms, and lottery merchants, were forced to close. Due of the shutdown, many gambling market participants migrated to internet gambling. Because of greater free time and boredom, many people have turned to online gambling. With the cancellation and delay of major sporting events, internet gambling activity has decreased. However, following COVID-19, the industry has seen an increase in online gambling due to the relaxation of lockout limitations and the restoration of live sports events internationally.

Competitive Landscape and Recent Developments:

The gambling market is fragmented with the presence of a large number of players majorly dominating worldwide. Key players of the gambling market are:

International Game Technology Plc. (IGT)
Flutter Entertainment plc.
Light & Wonder, Inc. (Formerly Known As Scientific Games Corporation)
Galaxy Entertainment Group
Caesars Entertainment, Inc.
Las Vegas Sands Corp.
888 Holdings
MGM Resorts International
Wynn Resorts
Entain Plc.
Evolution Gaming Group
Draftkings Inc.

The key players are constantly investing in strategic initiatives, such as new product launches, introducing their products to emerging markets and more, to maintain a competitive edge in this market. For instance, in August 2021, DraftKings Inc. and Golden Nugget Online Gaming Inc. have reached an agreement in which DraftKings will acquire Golden Nugget Online Gaming in an all-stock transaction. DraftKings was able to take use of Golden Nugget’s well-known brand, iGaming product experience, and combined database of more than 5 million customers as a result of the acquisition. Also, in July 2021, The FanDuel Group, which is owned by Flutter Entertainment PLC, has launched FanDuel Casino in New Jersey and Michigan. Customers may now play live dealer blackjack, roulette, and baccarat at FanDuel Casino.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Global Casinos and Gambling Market 2023-2027

  • $ 2500
  • December 2022
  • 173 pages

Global Casinos and Gambling Market 2023-2027 The analyst has been monitoring the casinos and gambling market and it is poised to grow by $90.22 billion during 2022-2027, accelerating at a CAGR of 8.13% ...

  • World
  • Middle East
  • Gambling
  • Casino
  • Industry analysis

Global Gambling Market 2023-2027 $ 2500 November 2022

Global Electric Shavers Industry $ 5600 October 2022

Global Gambling Industry $ 5450 October 2022

Global Anime Industry $ 5600 October 2022

Global Sleep Mask Industry $ 5600 October 2022


ref:plp2022

Reportlinker.com © Copyright 2023. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on