Press release
G*ambling Market Report 2024: Growth Projections and Key Industry Drivers
Gambling
G*ambling Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $744.76 billion In 2028 At A CAGR Of 6.4% :
The G*ambling market size has grown strongly in recent years. It will grow from $540.27 billion in 2023 to $580.36 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to emerging markets growth, growth in female gamblers and increased betting on e-sports.
The G*ambling market size is expected to see strong growth in the next few years. It will grow to $744.76 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to legalization of G*ambling, rapid urbanization, increasing use of social media and rising population. Major trends in the forecast period include investing in G*ambling games that use ar and vr technology, adopt advanced technologies to introduce live, invest in sports betting, invest in providing mobile G*ambling services, invest in online s facilities, adopt cryptocurrencies to improve transparency in transactions, invest in branded slot games and G*ambling services through smart watch applications, offering offshore betting services, offer keno games.
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G*ambling Market Major Segments
The G*ambling market covered in this report is segmented -
1) By Type: , Lotteries, Sports betting, Others
2) By Channel: Offline, Online, Virtual Reality
3) By End User: G*ambling Enthusiasts, Social Exuberant, Others
Key Driver - The Rise Of Online And Social G*ambling
Changing Consumer G*ambling Habits: The demand for G*ambling is expected to be driven by the changing G*ambling habits of consumers. The increasing popularity of G*ambling apps and social G*ambling will propel the growth of the market going forward. The global social market reached $6.62 billion in 2022, growing at a CAGR of 7.26%. The increasing adoption of mobile devices and increasing internet penetration will drive the demand for online G*ambling, driving market growth.
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Prominent Trend - The Rising Popularity Of Branded Slots In The G*ambling Industry
Branded slots are increasingly becoming popular in the G*ambling industry. Branded slots are licensed online games built around universally popular subjects such as movies, TV shows, music, or books. Brand loyalty draws customers towards trying slot games revolving around their favorite characters. Branded online slot games attract casual bettors, even the ones with little experience and interest in slot machines, as they create a connection with the players due to their familiarity with characters on the slots, increasing the traffic on the slot machines. Branded slots based on Game of Thrones, Westworld, Batman, and Jurassic Park are some of the most popular branded slot games.
G*ambling Market Players
Major companies operating in the G*ambling market report are China Welfare Lottery, Flutter Entertainment plc, Caesars Entertainment Corporation, MGM Resorts International, The Hong Kong Jockey Club, Bet365 Group Ltd, Las Vegas Sands Corporation, Wynn Resorts Ltd., Galaxy Entertainment Group Limited, Melco International Development Ltd., Marina Bay Sands , Inspire Integrated Resort, Aquis Great Barrier Reef , Sky City Auckland , Deltin Daman , SJM Grand Lisboa, City Of Dreams, Venetian Macao, Kangwon Land , Holland America Cruise Line Volendam, Resorts World Sentosa, Spielbank Do-Hohensyburg, Gran Madrid Torrelodones, de la Vallee - St. Vincent, Zeal Network SE, Betway, Novibet, Merkur , Luck Joy, Merlin Entertainments, Selena World Resort & , Admiral CColosseum, Luxury , Action, Goldfishka, BetChan , NetBet , Joy , Marriott Hotel & Warsaw, NBC Universal, SPIN , DraftKings Inc, BetAmerica, LeoVegas AB, Evolution Gaming AB, Scientific Games Corporation, Buffalo Partners, the Stars Group Inc, Hipódromo Argentino de Palermo, Sun Monticello and Hotel, C Golden Palace, C de Tigre, Buenos Aires, Trilenium , Rock'n Jazz, Celebrity Cruises - Constellation, du Liban, 888, Jumeirah, Farah Experiences LLC, Parimatch, NetBet, Unibet, 22bet, GrandWest C & Entertainment World, Sun International, Peermont, Federal Palace Hotel &, Kairo International, Le Grande, Maritim Jolie Ville Resort & Sharm El Sheikh.
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the G*ambling market in 2023. Eastern Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the G*ambling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. G*ambling Market Report Structure
3. G*ambling Market Trends And Strategies
4. G*ambling Market - Macro Economic Scenario
5. G*ambling Market Size And Growth
…..
27. G*ambling Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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