Global Gambling Market Size 2018

UPDATE February 6, 2019 — The global gaming market is expected to exceed $180 billion in revenues in 2021, growing 30.6% from $137.9 billion in 2018. At $70.3 billion, the mobile gaming industry accounts for more than half of all global gaming revenue in 2018. Key Segments of the Gambling Market. The gambling market is segmented by type into casino, lotteries, sports betting, and others. The lotteries segment was the largest segment of the gambling market in 2018 at 46% of the total share. This can be attributed to the high popularity of lotteries globally.

1. Global Gambling Market Size 2018 Printable
2. Global Gambling Market Size 2018 Calendar
3. Global Gambling Market Size 2018 Monthly
4. Global Gambling Market Size 2018 Images

Gambling Market - Global Outlook and Forecast 2018-2023
The global gambling market is expected to reach revenues of over $525 billion by 2023, growing at a CAGR of approximately 4% during 2017-2023.
The increasing per capita income, high adoption, growing interest, and rising number of dual-income households will augment the transformation of the global market. The demand for online games and increasing penetration of mobile applications across the US, the UK, Italy, and China & SAR region will help attract new players in this market over the next few years. The global gambling market is driven by increasing penetration of online gaming and betting across the North American and European region. The increase in per capita income, high adoption, growing interest, and growth of dual-income households are some of the factors augmenting the growth of the global market. The market research report provides in-depth market analysis and segmental analysis of the global gambling market by product, platform, and geography.
The study considers the present scenario of the global gambling market and its market dynamics for the period 2018−2023. It covers a detailed overview of various market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes the leading companies and various other prominent companies operating in the market.
Gambling Market – Dynamics
The exponential popularity and rising number of live casinos will help in the development of the global gambling market during the forecast period. These live casinos have the presence of live dealers and run like a real land-based casino. The increase in e-sport competitions in the form of video gaming or pro-gaming or professional video gaming is driving the growth of the global gambling market. These competitions are multiplayer in nature and RTS, FPS, and MOBA is the most popular games in the global market. These events are often broadcasted live worldwide via streaming platforms such as YouTube and Twitch. The online gambling industry has utilized the opportunity to use digital currency and gambling on blockchain-based platforms to ensure that a higher number of consumers use these modes of payment in the global market. The increasing number of bitcoin and cryptocurrency transactions will augment the development of the global gambling market.
Gambling Market – Segmentation
This market research report includes a detailed segmentation of the market by product, platform, and geography. Casino segment dominated more than half of the market share in 2017, growing at a CAGR of more than 3% during the forecast period. Some of the most popular casino games are roulette, slots, blackjack, baccarat, and craps. Betting is considered as a gambling activity where wagers are made on the outcome of an unpredictable event, game, or race. The betting segment is classified into two major sub-segments that include sports betting and horse & greyhound racing. The growing popularity of esports betting will boost revenues and help vendors gain a larger gambling market size over the next few years.
The land-based segment occupied the largest market share in 2017, growing at a CAGR of over 3% during the forecast period. Mass-market gaming is allowing the operators to gain more profitability and stability, where the customers pay for the money-spinning non-gaming items and help increase the operators’ profitability. The growing popularity of online gambling activities in the APAC and European region will augment the development of this segment in the global market. The ease of convenience it offers to an end-user within the comfort of their home will help the segment gain significant gambling market size over the next few years.
Market Segmentation by Product

Global Gambling Market Size 2018 Printable

• Betting
• Casino
• Lottery

Market Segmentation by Platform

• Land-Based
• Online
• Desktop
• Mobile

Gambling Market – Geography
The global gambling market by geography is divided into APAC, Europe, North America, Latin America, and MEA. APAC dominated the majority of the market share in 2017, growing at a CAGR of around 3% during the forecast period. China & SAR, South Korea, and Japan are the largest revenues generators in the APAC region. The rise in per capita disposable income, increase in ownership of smartphones, and exponential proliferation of mobile gambling applications are some of the factors contributing to the growth of the Latin American region in the market. Argentina occupied the largest gambling market size in Latin America in 2017.
Market Segmentation by Geography

• APAC
• Australia
• Mainland China
• China SAR Macau
• China SAR Hong Kong
• Singapore
• North America
• US
• Canada
• Europe
• Italy
• UK
• Germany
• France
• Nordic Region
• Latin America
• Argentina
• Mexico
• Brazil
• MEA
• South Africa

Key Vendor Analysis
The global gambling market is highly concentrated with the presence of several regional and international players. The increasing focus on continuous innovations and upgrades to support digital platforms and sustain the intense competition in the global market. Various companies are expanding their businesses to developing countries such as India and China to tap potential opportunities in the market. Factors such as an increase in product or service extensions, technological innovations, and M&A are expected to intensify the competition in the global gambling market during the forecast period. Furthermore, the presence of established international vendors, consumer loyalty, and a shift in consumer preferences are major entry barriers for new players.
The major vendors in the global market are:

• Bet365
• Galaxy Entertainment Group
• Las Vegas Sands Corporation
• MGM Resorts International
• The Star Group
• Paddy Power Betfair
• William Hill
• ther prominent vendors include AsianLogic, Betway, Betfred Group, Betsafe, Betsson, Bet-at-Home, Bwin, Camelot Group, Casino Cosmopol, Caesars Interactive Entertainment, Casinoeuro, Casinostugan, Casumo, Comeon, Expekt, Folkeautomaten, Gametwist, Genting Berhad, GVC Holdings, Interwetten, Jackpotjoy, Kindred, Leovegas, Mr. Green, Mybet, Mobilbet, Nordicbet, Norgesautomaten, Norsk Tipping, OnlineCasino Deutschland, Pinnacle, Playtech, Rank Group, SJM Holdings Limited, Sky bet, Stargames, Sunmaker, Sportech, Svenska Spel, Tipico, Vera&john, Win2Day, Wynn Resorts, 1xbet, and 888 Group.

Key market insights include
1. The analysis of the global gambling market provides market size and growth rate for the forecast period 2018-2023.
2. It offers comprehensive insights into current industry trends, trend forecast, and growth drivers about the global gambling market.
3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
4. It offers a complete overview of market segments and the regional outlook of the global gambling market.
5. The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage.

New York, NY, Sept. 19, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Online Gambling & Betting Market by Game Form (Poker, Casino, Sports Betting, Bingo, Lottery, Horse Racing Betting, and Others) and by Component (Hardware, Software, and Service): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024”. According to the report, the global online gambling & betting market accounted for USD 45.8 billion in 2017 and is expected to reach USD 94.4 billion globally by 2024, growing at a CAGR of around 10.9% between 2018 and 2024.

Online gambling & betting is a form of gambling that is played by means of computer, mobile, laptop, and tablet through the internet. Online gambling and betting games can be accessed at any time & place. The games include poker, blackjack, roulette, bingo, sports, & race betting.

Browse through 41 Tables & 24 Figures spread over 118 Pages and in-depth TOC on “Global Online Gambling and Betting Market Size & Statistics 2017: Industry Trends, Growth Forecast up to 2024”.

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The rise of cryptocurrencies in the past few years is projected to fuel the growth of online gambling & betting market. Cryptocurrencies have started to gain popularity due to benefits over other traditional funding methods. Gambling with cryptocurrencies does not require legalization as real money is not used. Bitcoin was the first cryptocurrency used for payments by various online gambling platforms. At the beginning of 2017, the total value of cryptocurrencies was about USD 17.7 billion and is projected to rise over the next 5 years. Thus, the usage of cryptocurrencies in online gambling is anticipated to rise during the estimated timeframe.

Adoption of Virtual Reality (VR) headsets in online gambling is projected to drive the online gambling & betting market. VR headsets provide a better experience for gambling and it is observed that online gambling sites are opting for this technology. As of now, there are games available in VR such as blackjack and roulette. The global AR/VR shipments in the second quarter of 2017 witnessed a growth of about 25% as that of the same period in 2016. Thus, usage of VR in online gambling is anticipated to propel the online gambling and betting market over the forecast period.

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The global online gambling & betting market is divided as per component into hardware, software, and service. Software segment is anticipated to dominate the online gambling & betting market during the projected timeframe. This share is due to the availability of various online payment options. Further, the online gambling & betting market is divided on the basis of game form into poker, casino, sports betting, bingo, lottery, horse race betting, and others. Poker segment is expected to hold a notable share during the forecast period.

North America is expected to grow at a significant rate in the global online gambling & betting market since it is the most technologically developed region. The U.S. is projected to be a major contributor in the region. The growth is projected due to the increasing usage of VR in the gaming sector. Online gambling is expected to hold a notable share in the U.S. gaming sector. In 2016, the gaming sector contributed to almost 50% in revenue generation of the U.S. media and entertainment industry. Due to the rising demand for VR in gambling applications, the growth of this sector is imminent. Since VR headsets are used in online gambling & betting, the market in this region will witness a substantial growth in the near future.

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Europe is anticipated to hold a considerable share in the global online gambling & betting market. The share is attributed to the legalization of online gambling and betting in various European countries. The UK was one of the first nations to legalize online gambling. In 2015, online gambling accounted for almost 33% of the overall gambling in the UK. The number is anticipated to rise owing to the increasing revenue of online gambling sites in the country. In 2017, the overall revenue generated by these sites was almost 10% more than that of 2016 in the UK. Further, legalization of online gambling in Italy, France, Spain, and Malta with proposals being made for the same in the Netherlands, Germany, and other European nations is expected to fuel online gambling & betting market in the region. Thus, European online gambling & betting market is anticipated to propel in the estimated timeframe.

The Asia Pacific is expected to notice a substantial growth in global online gambling & betting market over the estimated timeframe. Online gambling in China is permitted in Hong Kong. The Hong Kong Jockey Club offers online betting for sports, racing, and lottery. Currently, about 34% of the overall betting in Australia was through the internet as compared to 15.7% in 2012. The growth is due to the increase in betting by smartphones. As of now, about 22% of Australian bettors use smartphones for betting as compared to a mere 5.5% in 2012. Thus, it is anticipated that the Asia Pacific will witness significant growth in the online gambling & betting market.

Browse the full 'Online Gambling & Betting Market by Game Form (Poker, Casino, Sports Betting, Bingo, Lottery, Horse Racing Betting, and Others) and by Component (Hardware, Software, and Service): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024' report at https://www.zionmarketresearch.com/report/online-gambling-betting-market

Latin America will contribute substantially to the growth of global online gambling & betting market over the forecast timeframe. There is no central law in Argentina to govern gambling. Gambling is regulated by individual provinces. The African region is expected to have a significant share in the online gambling & betting market. Online sports betting in South Africa, Nigeria, and Ghana will contribute to the payment systems developed by the local firms.

Global Gambling Market Size 2018 Calendar

Key players in the online gambling & betting market are report Bet365 Group Ltd., Betfred Ltd., 888 Holdings plc, Paddy Power Betfair Plc, GVC Holdings Plc, Fortuna Entertainment Group, The Stars Group, The Betway Group, William Hill Plc, Kindred Group, Rank Group, Playtech, William Hill Plc, Hong Kong Jockey Club, and mybet Holding, among others.

Global Gambling Market Size 2018 Monthly

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The report segments the global online gambling & betting market as follows:

Global Online Gambling & Betting Market: Game Form Segment Analysis

• Poker
• Casino
• Sports Betting
• Bingo
• Lottery
• Horse Race Betting
• Others

Global Online Gambling & Betting Market: Component Segment Analysis

• Hardware
• Software
• Service

Global Online Gambling & Betting Market: Regional Segment Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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