Global Gambling & Betting Market Growth (Status and Outlook) 2023-2029

Global Gambling & Betting Market Growth (Status and Outlook) 2023-2029

In general, Gambling is betting on the outcome of a game or an event that may have an uncertain result. Usually, it comprises putting a specific amount of money on stake, in the hope of gaining more. Therefore, it is safe to say that Gambling is an activity that depends on the player’s lucky stars as well as their choice of outlet. There are many non Gamstop casinos that assist the players during the experience, highlighting that it has nothing to do with that person’s experience, skills and competences.
Today, some of the most popular gambling activities are video slots, progressive slots, online casino games and table games that include Craps, Video Poker, Roulette, Baccarat, and Blackjack. In some countries across the world, the governments tend to control or regulate the act of gambling since it is addictive in nature and has led many people to lose a large amount of money in the hope of making it big fortune through gambling.
Betting, on the other hand, is considered to be a form of gambling. More precisely, betting is all about predicting the outcome of a future event and placing a wage on that outcome. Officially, Betting is identified as an organised commercial activity between two parties – there is one that predicts an outcome and places a bet and the other who either forfeits the bet or pays the agreed money to the player.
In other words, betting companies such as casinos invite their members to place bets and cash out the winnings according to the bets that are waged by players. Some of the most popular ways on Betting nowadays include casino games, sports, horse racing, or just any important events taking place anywhere in the world.
The statistical scope of this report covers the legally regulated Gambling & Betting market, which does not include illegal.
LPI (LP Information)' newest research report, the “Gambling & Betting Industry Forecast” looks at past sales and reviews total world Gambling & Betting sales in 2022, providing a comprehensive analysis by region and market sector of projected Gambling & Betting sales for 2023 through 2029. With Gambling & Betting sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Gambling & Betting industry.
This Insight Report provides a comprehensive analysis of the global Gambling & Betting landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Gambling & Betting portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Gambling & Betting market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Gambling & Betting and breaks down the forecast by type, by platform, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Gambling & Betting.
The global Gambling & Betting market size is projected to grow from US$ 249090 million in 2022 to US$ 347600 million in 2029; it is expected to grow at a CAGR of 4.9% from 2023 to 2029.
Global key players of Gambling & Betting include Flutter Entertainment, bet365, Entain, Penn National Gaming, MGM Resorts, Caesars Entertainment and Las Vegas Sands, etc. Top seven players occupy for a share about 17%. Europe is the largest market, with a share about 35%, followed by North America and Asia-Pacific. In terms of product, Casino is the largest segment, with a share over 71%. In terms of Platform, Offline is the largest market, with a share over 54%.
This report presents a comprehensive overview, market shares, and growth opportunities of Gambling & Betting market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Casino
Sports Betting
Poker
Bingo
Lottery
Others
Segmentation by platform
Online
Offline
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Las Vegas Sands
MGM Resorts
Caesars Entertainment
Galaxy Entertainment
Wynn Resorts
Melco Resorts & Entertainment
Penn National Gaming
SJM Holdings
Boyd Gaming
Genting Group
Crown Resorts
GVC Holding
bet365
Flutter Entertainment
William Hill
Kindred Group
888 Holdings
Betsson AB
Entain plc

Please note: The report will take approximately 2 business days to prepare and deliver.