Worldwide online gambling market
The worldwide gambling market will grow by nearly six percent from until , the research said. “Increasing smartphone and tablet penetration, increased device capability and the confidence of users are driving the market growth,” the group said. Global Casinos & Online Gambling - Global Market Research Report Date Published: June Over the five years to , the center of the Global Casinos and Online Gambling industry has shifted from the United States, specifically Las Vegas and Atlantic City, to China (i.e. Macau). In , H2 Gambling Capital estimates worldwide online gambling revenue at $21 billion. In , Statista has predicted the size of the online gambling market would have a volume of $ billion growing to $ billion by Forms.
Global Casinos & Online Gambling - Global Market Research Report
Retrieved 6 September In , the online gaming market had a volume of Further Studies Get a deeper insight into your topic. The government responded by proposing a bill that will authorize such orders, referring to child pornography, drug trafficking and online gambling websites. Cunningham, Joanne Cordingley, David C. Learn more about how Statista can support your business.
Global gambling market breakdown 2007-2021, by product category
The worldwide gambling market will grow by nearly six percent from until , the research said. Gambling is front and center because many countries are looking to beef up their respective tourism industries. Casinos are among the largest industries on earth. Messages that harass, abuse or threaten other members; have obscene or otherwise objectionable content; have spam, commercial or advertising content or links may be removed and may result in the loss of your Card Player Account.
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Despite growth in Asia, economic and political and uncertainty in the region has hampered industry growth. Over the five years to , industry revenue is expected to decline.
Over the next five years, the opening of new offline and online markets will spur growth as the global economy grows The Global Casinos and Online Gambling industry has a low level of market share concentration. In , the top four players account for an estimated 9. This is mainly due to the geographically diverse nature of the industry, as well as the increasingly diverse range of products that have come to market with the introduction of online gambling.
For example, within certain locals, such as Macau and Singapore, the industry is concentrated among just a few players, mainly due to the strict regulatory framework the industry is governed by. Industry concentration is increasing, particularly among mega-casino operators that have been successful in expanding into Macau where the industry is growing quickly.
This industry consists of gambling facilities that offer table wagering games and other gambling activities, such as slot machines. These establishments often provide food, beverage and lodging services. The industry also includes legal online gaming on casino-type games. You understand the need for a fine level of granularity. For instance, it studies market reports from more than industries by research company IBISWorld to better determine loan opportunities. I cannot tell you how many times it was the only place to pull up data on small industries and the Risk Rating is wonderful.
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