This report describes and explains the gambling market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global gambling market reached a value of nearly $540.3 billion in 2023, having grown at a compound annual growth rate (CAGR) of 2% since 2018. The market is expected to grow from $540.3 billion in 2023 to $744.8 billion in 2028 at a rate of 6.6%. The market is then expected to grow at a CAGR of 3.6% from 2028 and reach $888.1 billion in 2033.
Growth in the historic period resulted from the strong economic growth in emerging markets, growth in female gamblers, increased betting on e-sports and a rise in disposable income. Factors that negatively affected growth in the historic period were high taxation on casinos and stringent government regulations on gambling.
Going forward, the legalization of gambling, rapid urbanization, increasing use of social media, rising population and increasing internet penetration will drive the market. Factors that could hinder the growth of the gambling market in the future include risks of data theft and privacy.
The gambling market is segmented by type into casino, lotteries, sports betting and other types. The lotteries market was the largest segment of the gambling market segmented by type, accounting for 53.9% or $291.2 billion of the total in 2023. Going forward, the lotteries segment is expected to be the fastest growing segment in the gambling market segmented by type, at a CAGR of 8.2% during 2023-2028.
The gambling market is segmented by channel type into offline, online and virtual reality (VR). The offline market was the largest segment of the gambling market segmented by channel type, accounting for 77.9% or $420.8 billion of the total in 2023. Going forward, the virtual reality (VR) segment is expected to be the fastest growing segment in the gambling market segmented by channel type, at a CAGR of 13.2% during 2023-2028.
The gambling market is segmented by end-user into gambling enthusiasts, social exuberant and other end-users. The gambling enthusiasts market was the largest segment of the gambling market segmented by end-user, accounting for 55.3% or $298.6 billion of the total in 2023. Going forward, the gambling enthusiasts segment is expected to be the fastest growing segment in the gambling market segmented by end-user, at a CAGR of 6.8% during 2023-2028.
Asia-Pacific was the largest region in the gambling market, accounting for 32.4% or $175.1 billion of the total in 2023. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the gambling market will be South America and Africa, where growth will be at CAGRs of 23.4% and 8% respectively. These will be followed by Eastern Europe and Asia-Pacific, where the markets are expected to grow at CAGRs of 7.7% and 3.9% respectively.
The global gambling market is fairly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 10.7% of the total market in 2022. Flutter Entertainment Plc was the largest competitor with a 2.1% share of the market, followed by Caesars Entertainment, Inc. with 1.5%, MGM Resorts International with 1.4%, The Hong Kong Jockey Club with 1.4%, Penn National Gaming, Inc with 1%, Bet365 Group Ltd with 0.9%, Entain plc with 0.8%, Las Vegas Sands Corp with 0.6%, Genting Berhad with 0.6% and Wynn Resorts, Limited with 0.4%.
The top opportunities in the gambling market segmented by type will arise in the lotteries segment, which will gain $141.4 billion of global annual sales by 2028. The top opportunities in the gambling market segmented by channel type will arise in the offline segment, which will gain $124.6 billion of global annual sales by 2028. The top opportunities in the gambling market segmented by end-user will arise in the gambling enthusiasts segment, which will gain $115.9 billion of global annual sales by 2028. The gambling market will gain the most in Argentina at $91.4 billion.
Market-trend-based strategies for the gambling market include focus on adoption of augmented and virtual reality in casinos, focus on live casinos, focus on new developments in sports betting, focus on mobile gambling, focus on online casinos, focus on use of cryptocurrency in gambling and focus on offshore sports betting.
Player-adopted strategies in the gambling market include focus on expanding operational capabilities through strategic acquisitions, focus on enhancing customers’ experience through the launch of new solutions and focus on enhancing business operations through strategic collaborations and partnerships.
To take advantage of the opportunities, the analyst recommends the gambling companies to focus on expanding live casino offerings for enhanced player experience, focus on expanding mobile gambling platforms, focus on enhancing online casino platforms for millennial appeal, focus on expanding offshore betting services for global reach, expand in emerging markets, continue to focus on developed markets, provide competitively priced offerings, focus on targeted promotional strategies to boost market presence and focus on expanding services for gambling enthusiasts segment.
The global gambling market reached a value of nearly $540.3 billion in 2023, having grown at a compound annual growth rate (CAGR) of 2% since 2018. The market is expected to grow from $540.3 billion in 2023 to $744.8 billion in 2028 at a rate of 6.6%. The market is then expected to grow at a CAGR of 3.6% from 2028 and reach $888.1 billion in 2033.
Growth in the historic period resulted from the strong economic growth in emerging markets, growth in female gamblers, increased betting on e-sports and a rise in disposable income. Factors that negatively affected growth in the historic period were high taxation on casinos and stringent government regulations on gambling.
Going forward, the legalization of gambling, rapid urbanization, increasing use of social media, rising population and increasing internet penetration will drive the market. Factors that could hinder the growth of the gambling market in the future include risks of data theft and privacy.
The gambling market is segmented by type into casino, lotteries, sports betting and other types. The lotteries market was the largest segment of the gambling market segmented by type, accounting for 53.9% or $291.2 billion of the total in 2023. Going forward, the lotteries segment is expected to be the fastest growing segment in the gambling market segmented by type, at a CAGR of 8.2% during 2023-2028.
The gambling market is segmented by channel type into offline, online and virtual reality (VR). The offline market was the largest segment of the gambling market segmented by channel type, accounting for 77.9% or $420.8 billion of the total in 2023. Going forward, the virtual reality (VR) segment is expected to be the fastest growing segment in the gambling market segmented by channel type, at a CAGR of 13.2% during 2023-2028.
The gambling market is segmented by end-user into gambling enthusiasts, social exuberant and other end-users. The gambling enthusiasts market was the largest segment of the gambling market segmented by end-user, accounting for 55.3% or $298.6 billion of the total in 2023. Going forward, the gambling enthusiasts segment is expected to be the fastest growing segment in the gambling market segmented by end-user, at a CAGR of 6.8% during 2023-2028.
Asia-Pacific was the largest region in the gambling market, accounting for 32.4% or $175.1 billion of the total in 2023. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the gambling market will be South America and Africa, where growth will be at CAGRs of 23.4% and 8% respectively. These will be followed by Eastern Europe and Asia-Pacific, where the markets are expected to grow at CAGRs of 7.7% and 3.9% respectively.
The global gambling market is fairly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 10.7% of the total market in 2022. Flutter Entertainment Plc was the largest competitor with a 2.1% share of the market, followed by Caesars Entertainment, Inc. with 1.5%, MGM Resorts International with 1.4%, The Hong Kong Jockey Club with 1.4%, Penn National Gaming, Inc with 1%, Bet365 Group Ltd with 0.9%, Entain plc with 0.8%, Las Vegas Sands Corp with 0.6%, Genting Berhad with 0.6% and Wynn Resorts, Limited with 0.4%.
The top opportunities in the gambling market segmented by type will arise in the lotteries segment, which will gain $141.4 billion of global annual sales by 2028. The top opportunities in the gambling market segmented by channel type will arise in the offline segment, which will gain $124.6 billion of global annual sales by 2028. The top opportunities in the gambling market segmented by end-user will arise in the gambling enthusiasts segment, which will gain $115.9 billion of global annual sales by 2028. The gambling market will gain the most in Argentina at $91.4 billion.
Market-trend-based strategies for the gambling market include focus on adoption of augmented and virtual reality in casinos, focus on live casinos, focus on new developments in sports betting, focus on mobile gambling, focus on online casinos, focus on use of cryptocurrency in gambling and focus on offshore sports betting.
Player-adopted strategies in the gambling market include focus on expanding operational capabilities through strategic acquisitions, focus on enhancing customers’ experience through the launch of new solutions and focus on enhancing business operations through strategic collaborations and partnerships.
To take advantage of the opportunities, the analyst recommends the gambling companies to focus on expanding live casino offerings for enhanced player experience, focus on expanding mobile gambling platforms, focus on enhancing online casino platforms for millennial appeal, focus on expanding offshore betting services for global reach, expand in emerging markets, continue to focus on developed markets, provide competitively priced offerings, focus on targeted promotional strategies to boost market presence and focus on expanding services for gambling enthusiasts segment.
Table of Contents
1 Executive Summary
6 Market Characteristics
8 Supply Chain Analysis
9 Customer Information
10 Major Market Trends
11 Gambling Market - Macro Economic Scenario
12 Global Market Size and Growth
13 Gambling Market, Regional Analysis
14 Global Gambling Market Segmentation
15 Market Comparison with Macro Economic Factors
16 Asia-Pacific Market
17 Western Europe Market
18 Eastern Europe Market
19 North America Market
20 South America Market
21 Middle East Market
22 Africa Market
23 Competitive Landscape and Company Profiles
24 Key Mergers and Acquisitions
25 Market Background: Amusements Market
26 Opportunities and Strategies
27 Gambling Market, Conclusions and Recommendations
28 Appendix
Executive Summary
Gambling Global Market Opportunities And Strategies To 2033 provides the strategists; marketers and senior management with the critical information they need to assess the global gambling market as it emerges from the COVID-19 shut down.Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 50 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
Where is the largest and fastest-growing market for gambling? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The gambling market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider gambling market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics: Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by channel type and by end-user.
- Product Analysis: The product analysis section of the report describes the leading products in the gambling market, along with key features and differentiators for those products.
- Supply Chain: The supply chain section of the report defines and explains the key players in the gambling industry supply chain.
- Customer Information: The chapter covers recent customer trends/preferences in the global gambling market.
- Key Trends: Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario: The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the gambling market.
- Global Market Size and Growth: Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis: Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation: Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by type, by channel type and by end-user in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size And Growth: Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape: Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Key Mergers And Acquisitions: Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Market Opportunities And Strategies : Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations: This section includes recommendations for gambling providers in terms of product/service offerings geographic expansion, marketing strategies and target groups next five years.
- Appendix: This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope
Markets Covered:
1) By Type: Casino; Lotteries; Sports Betting; Other Types2) By Channel Type: Offline; Online; Virtual Reality (VR)
3) By End-User: Gambling Enthusiasts; Social Exuberant; Other End-Users
Key Companies Mentioned: Flutter Entertainment Plc; Caesars Entertainment Inc.; MGM Resorts International; The Hong Kong Jockey Club: Penn National Gaming, Inc
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; UK; Russia; Czech Republic; Poland; Romania; Ukraine; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Egypt; Nigeria; South Africa; Iran; Israel; Saudi Arabia; Turkey; UAE; Argentina; Chile; Colombia; Peru; Canada; Mexico; Vietnam; Thailand; Singapore; Philippines; New Zealand; Malaysia; Hong Kong
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; gambling indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Flutter Entertainment Plc
- Caesars Entertainment, Inc.
- MGM Resorts International
- The Hong Kong Jockey Club
- Penn National Gaming, Inc
- bet365 Group Ltd
- Entain plc
- Las Vegas Sands Corp
- Genting Berhad
- Wynn Resorts, Limited
- Galaxy Macau
- Kangwon Land Casino
- Celebrity Cruises
- Inspire Integrated Resort
- Sky City Auckland Casino
- Deltin Daman Casino
- Resorts World Sentosa
- Marina Bay Sands Casino
- Wynn Macau
- Venetian Macao
- Spielbank Do-Hohensyburg
- Casino Gran Madrid Torrelodones
- Casino de la Vallee - St. Vincent
- Zeal Network SE
- Novibet
- Merkur Casinos
- CasinoLuck
- CasinoJoy
- BetChan Casino
- NetBet Casino
- Joy Casino
- Marriott Hotel & Casino Warsaw
- NBC Universal
- Evolution Gaming AB
- SPIN Casino
- Buffalo Partners
- DraftKings Inc
- BetAmerica
- Constellation
- Jumeira
- Spirit AeroSystems Inc
- Trilenium Casino
- Casino Rock'n Jazz
- Hipódromo Argentino de Palermo
- Casino Golden Palace
- Casino Buenos Aires
- City Of Dreams
- Farah Experiences LLC
- Parimatch
- Federal Palace Hotel & Casino
- Le Grande Casino
- Maritim Jolie Ville Resort & Casino Sharm El Sheikh
- Kairo International
- Grand West Casino & Entertainment World
- Sun International
- Peermont
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 367 |
Published | April 2024 |
Forecast Period | 2023 - 2033 |
Estimated Market Value ( USD | $ 540.3 Billion |
Forecasted Market Value ( USD | $ 888.1 Billion |
Compound Annual Growth Rate | 5.1% |
Regions Covered | Global |