Gambling Market 2020-2022: Global Business Growing Strategies, Technological Innovations | China Sports Lottery, China Welfare Lottery

Gambling Market By Type (Lotteries, Casino, Sports Betting, Others), And By Region – Global Forecast To 2022 By The Business Research Company

The global gambling market size reached a value of nearly $449.3 billion in 2018, having grown at a compound annual growth rate (CAGR) of 4.1% since 2014, and is expected to grow at a CAGR of 5.9% to nearly $565.4 billion by 2022. Growth in the historic period resulted from the growth in the experience economy, favorable visa policies and initiatives, emerging markets growth.

The Key drivers of the gambling market include:
Rise In Mobile Gambling – The rise in mobile gambling positively impacted the growth of the market. Mobile is a predominant part of lifestyle and most games which feature on online casinos can be easily downloaded via an app on smartphones, and the players can get an enhanced gaming experience. Mobile gambling is fast, convenient and provides easy access to the games.

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Gambling Market Segmentation:
The Gambling market is segmented by product type and by geography

By Product Type - The gambling market can be segmented by product type into
1) Casino
2) Lotteries
3) Sports Betting
4) Others
The lotteries segment was the largest segment of the gambling market in 2018 at 46.1% or $207.3 billion. The sports betting segment is expected to be the fastest-growing segment going forward at a CAGR of 6.9%.

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By Geography - The gambling market is segmented into
1. North America
2. Western Europe
3. Asia Pacific
4. Eastern Europe
5. South America
6. Middle East
7. Africa

Some of the major key players involved in the gambling market are
1. China Sports Lottery
2. China Welfare Lottery
3. Sociedad Estatal Loterías y Apuestas del Estado S.A.
4. Las Vegas Sands Corporation
5. Japan Takarakuji lottery

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

This release was published on openPR.