The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Throughout the projected period, the market is likely to be driven by manufacturing innovation as a result of rising mobile device use and internet usage.

The global gambling market is expected to grow from $449.04 billion in 2022 to $702.45 billion in 2023 at a compound annual growth rate (CAGR) of 56.4%. The gambling market is expected to grow to $765.89 billion in 2027 at a CAGR of 2.2%.

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Global Gambling Market Segments Include:

• By Type: Casino, Lotteries, Sports Betting, Other Gambling
• By Channel Type: Offline, Online, Virtual Reality(VR)
• By End-User: Gambling Enthusiasts, Social Exuberant, Other End-Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global gambling market in 2021.

Major Market Players in the gambling market include China Sports Lottery, China Welfare Lottery, Sociedad Estatal Loterías y Apuestas del Estado S.A., Flutter Entertainment plc, Maruhan, The Hong Kong Jockey Club.

Branded slots are becoming increasingly popular in the gambling industry. Branded slots are officially sanctioned online casino games that are based on widely recognised cultural touchstones such as movies, TV shows, music, or novels. Customers who have a strong brand loyalty are more likely to try out slot games featuring their favourite characters. Branded online slot games attract casual bettors, even those with little experience or interest in slots, because they form connections with players due to their familiarity with the slot machine characters, resulting in increased slot machine traffic. Some of the most popular branded slot games include Jurassic Park, Westworld, Batman, and Game of Thrones.

The Gambling Global Market Report 2023  provides a gambling market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The gambling market forecast analyzes gambling market size, gambling market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Gambling is the act of staking money or something valuable on an outcome that is beyond one’s control and unknown in the hope of winning something else valuable, most commonly money. One of the many important lessons that gambling can teach is the relationship between risk and reward.

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