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DUBLIN–(BUSINESS WIRE)–The report “Gambling – Global Market Trajectory & Analytics” has been added to: ResearchAndMarkets.com’s offer.

Global Gambling Market Reaches $876 Billion by 2026

The global gambling market is estimated at $747.9 billion by the year 2022 and is expected to reach a revised size of $876 billion by 2026, growing at a CAGR of 3.6% over the analysis period.

The popularity of gambling in the country can be put into perspective by the fact that more than 80% of American adults gamble at least once in their lifetime. As a large number of people spend more time on mobile devices, developers and remote gambling platforms are using the option to expand their customer base. Smart devices available in the market enable users to access a wide spectrum of mobile slot games on the go.

Lottery, one of the segments analyzed in the report, is expected to record a CAGR of 2.8%, reaching $372.6 billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the economic crisis caused, growth in the betting segment is being revised to a revised CAGR of 4.4% for the next 7 years.

The US market is estimated to reach $267.5 billion by 2022, while Asia-Pacific is expected to reach $322.4 billion by 2026

Since tourists and locals are the main sources of income for land-based casinos, revenues dropped significantly. Unemployment and reduced consumer discretionary income also remain key challenges for a speedy recovery. Since a significant amount of money spent on gambling is attributed to slot machines in locations such as hotels and airports, the closure of airports and hotels also affects the monetization of these areas.

Lockdowns have resulted in significant revenue losses compared to the previous year. In New Orleans, for example, the gambling market has already witnessed a sales decline of more than 60% during the pandemic compared to previous years, due to the shutdowns. The casino industry is also affected by the fact that the tourism and leisure sectors along with aviation, which are vital to the industry’s growth, have been hit hard by the pandemic.

The gambling market in the US is estimated at $267.5 billion by the year 2022. Asia Pacific (including China) is expected to reach an expected market size of $322.4 billion by the year 2026, with a CAGR of 4.4 % over the analysis period. Other notable geographic markets include Canada and Europe, both of which are expected to grow by 3.1% and 3.5% respectively during the analysis period.

The post-COVID-19 period offers exciting opportunities for mobile gambling. Since mobile devices support advanced features and are easy to operate, mobile gambling is an attractive option for gamers. Since most casino game providers offer a plethora of options, it is easier for players to enjoy these platforms anytime, anywhere without having to wait to access their PC.

Advances in mobile technology coupled with better accessibility and connectivity have enabled a large number of players to participate in remote games of chance. With the rapid transition from console to mobile, mobile gambling is poised to become a rapidly growing platform.

Casino Segment Reaches $153.1 Billion by 2026

In the global casino segment, the US, Canada, Europe and Asia-Pacific will generate the estimated CAGR of 3.7% for this segment. These regional markets, with a combined market size of $116.3 billion, are expected to reach $149.9 billion by the end of the analysis period.

Asia Pacific (including China) remains one of the fastest growing markets in this cluster of regional markets, expected to reach $34.5 billion by 2026.

What’s new for 2022?

  • Global competitiveness and market share of the main competitor

  • Market presence in multiple geographies – strong/active/niche/trivial

  • Customized online interactive peer-to-peer collaborative updates

  • Access to the digital archives

  • Free updates for a year

Main topics covered:

I. METHODOLOGY

II. MANAGEMENT SUMMARY

1. MARKET OVERVIEW

  • Market insights from influencers

  • Competitive market presence – strong/active/niche/trivial for players worldwide in 2022 (E)

  • Gambling: an accepted and fundamental part of human culture

  • % Share of Top Gambling Destinations by Visitor Influx

  • How the gaming and gambling industry is being affected by the pandemic and what is the new normal?

  • The gaming industry finds opportunities in crisis

  • Gambling is a segment of the gaming industry that is negatively impacted by the COVID-19 crisis. This is why

  • The close relationship between casinos and tourism exacerbates the COVID-19 blow on the gambling industry

  • COVID-19 Impact on Tourism Industry Affects Casino Revenue

  • Gambling: Definition, Range and Types

  • Recent market activity

  • Global brands

2. FOCUS ON SELECT PLAYERS (Total 223 Recommended)

  • 888 Holdings PLC

  • Bet365 Group Ltd.

  • Flutter Entertainment plc

  • Betsoft Gaming, LTD

  • Betsson AB

  • Boyd Gaming Corporation

  • Bwin.Party digital entertainment

  • Caesars Entertainment Corp.

  • Cherry Game Smooth AB

  • Chetu Inc.

  • City of Dreams Manila

  • Creatiosoft Solutions Private Limited

  • Crown Resorts Ltd.

  • Delaware Park

  • Elaunch Solution Pvt. Ltd

  • Evolution Gaming

  • Galaxy entertainment group

  • Golden Entertainment Inc.

  • Kindred Group PLC

  • Ladbrokes Coral

  • Las Vegas Sands Corp.

  • MGM Resorts International

  • Microgaming

  • NetEnt AB

  • Playson Limited

  • Scientific Games Corporation

  • SJM Holdings Limited

  • William Hill Plc

3. MARKET TRENDS & DRIVERS

  • Mobile gambling is central

  • COVID-19 accelerates the evolution of online casinos

  • % Share of Gross Gambling Revenue (GGY) by type of game

  • Gambling apps contribute to the rising popularity of online casinos

  • Online casinos attract a wider demographic

  • Demographic structure of online casino players

  • Cyber ​​attacks emerge as a major concern for online casinos

  • Using smartwatches to place bets and enhance the iGaming experience is gaining traction

  • New Table Games Expand Consumer Base at Casinos

  • Blockchain Emerges to Change the Tide of Fortune for Gambling

  • Big Data & IoT to transform the gambling industry

  • Gambling based on VR, a game changer for the gambling sport

  • 5G is revolutionizing the gambling industry

  • 5G emerges with the promise to transform the gaming experience: 5G’s contribution to global GDP (in US$ trillion) for the years 2020, 2025 and 2030

  • Cryptocurrency-based gambling is rising in popularity

  • Stricter gambling rules around the world encourage legal gambling

4. GLOBAL MARKET PERSPECTIVE

III. REGIONAL MARKET ANALYSIS

IV. CONTEST

For more information on this report, please visit https://www.researchandmarkets.com/r/57ges