About Gambling
Gambling, the betting or staking of something of value, with consciousness of risk and hope of gain, on the outcome of a game, a contest, or an uncertain event whose result may be determined by chance or accident or have an unexpected result by reason of the bettor's miscalculation. The global gambling market can be primarily divided into two parts including on premise gambling as well as online platforms. Due to robust increase in availability of online gambling portals the global gambling market is expected to grow at significant growth rate. Moreover, the disposable incomes, international trades are continuously increasing which will assist in increasing demand for gambling. On the other hand the stringent regulations regarding gambling in many countries might hamper the physical gambling business.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Europe |
Unit | Value (USD Billion) |
CAGR | 7.4% |
Global Gambling market was initially fragmented, but with the introduction to online gambling portals and presence of international as well as domestic players has made the global gambling market highly concentrated. Thus, number of manufacturers have started focusing on continuous innovations and upgradations to support digital platforms and sustain the intense competition in the global market. Analyst at AMA Research estimates that European and North American Vendors will contribute the maximum growth to Global Gambling market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
888 Holdings (United Kingdom), Betfair (United Kingdom), Caesars Entertainment Corporation (United States), Camelot (United KIngdom), INTRALOT (Greece), Las Vegas Sands (United States), MGM Resorts International (United States), SJM Holdings Limited (Hong Kong), William Hill (United Kingdom), The Stars Group (Canada) and Bet365 (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are BET-AT-HOME.COM AG (Germany), BetAmerica (United States), Betfred (United Kingdom), Betsson (Sweden), Draft Kings (United States), Ladbrokes Coral (United Kingdom) and Sports Toto Malaysia (Malaysia).
Segmentation Overview
AMA Research has segmented the market of Global Gambling market by Type (Sports Betting, Casino, Lottery and Others) and Region.
On the basis of geography, the market of Gambling has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2023. North America, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Gambling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Gambling Enthusiastic will boost the Gambling market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Video Gaming and Pro Gaming Competitions and Escalating use of Digital Gaming
Market Growth Drivers:
Upsurging Popularity and Rising Number of Live Casinos and Growing Number of Online Streaming Platforms
Challenges:
Introduction Casinos and Gambling may Probably Leads to Increase Drug Dealing and Prostitution in Respective Areas
Restraints:
Physical Gambling requires ample Amount of Money and Highest Probability of getting Financially Insolvent
Opportunities:
Rising Prevalence of Online Gambling across the Globe and Increasing Awareness about Online Gaming
Market Leaders and their expansionary development strategies
In February 2023, Gannett Co., Inc. entered into strategic partnership with Gambling.com Group Limited (Nasdaq: GAMB), a leading provider of player acquisition services for the regulated global online gambling industry. Under the agreement, Gambling.com Group will provide relevant content for sports enthusiasts while leveraging Gannett’s reach across the U.S. media landscape through the USA TODAY Network across the country.
In August 2023, MGM Resorts International launched of its BetMGM iGaming and online sports betting brand in the United Kingdom, kicking off MGM Resorts' strategy of expanding the BetMGM brand into international markets.
Gambling Regulation Act 2003 prohibits gambling as well as activities related to gambling unless the activities are authorized under Casino Control Act 1991. This law also provides license of gaming and gaming machines at approved venues and the casino.
Key Target Audience
Gambling Service Providers, Gambling Service Distributors and Traders, Regulatory Authorities, Private Organizations, Government Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.