Press release
Mushrooming Penchant for Gam*bling Drives Market to Soar from $618.69 billion in 2025 to $754.78 billion in 2029 at a CAGR of 5.1%
gamb*ling market
What Is The Projected Market Size Of The Global gam*bling Market And Its Growth Rate?
- The gam*bling market exhibited strong growth, rising from $572.55 billion in 2024 to $618.69 billion in 2025 at a CAGR of 8.1%.
- Growth in the historic period can be attributed to emerging markets, the rise in female gamblers, and increased betting on e-sports.
- The gam*bling market is projected to grow robustly in the forthcoming years, expected to reach $754.78 billion in 2029 at a CAGR of 5.1%.
- The forecasted growth can be ascribed to the legalization of gam*bling, rapid urbanization, rising use of social media, and increasing population.
What Is Driving The Growth In The gam*bling Market?
The growth in the gam*bling market is largely propelled by shifting consumer gam*bling habits. The growing affinity toward gam*bling apps and social gam*bling is anticipated to push the market growth forward. The social ca*sino market attained a value of $6.62 billion in 2022, registering a CAGR of 7.26%. Additionally, the increasing adoption of mobile devices and the expanding internet penetration will catalyze the demand for online gam*bling, further driving the market growth.
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Who Are the Key Players Driving gam*bling Market Growth?
Key players contributing to the growth of the gam*bling market include:
- 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.
- And many more
What Are The Key Trends In The gam*bling Market?
Key trends driving the gam*bling market include:
- Investment in AR and VR technology in gam*bling games.
- Advanced technologies introduced in live cas*inos.
- Rising investment in sports betting.
- Mobilization of gam*bling services.
- Investment in online casi*nos facilities.
- Cryptocurrency adoption for enhancing transparency in transactions.
- Branded slot games investment.
- Smart watch applications offering gam*bling services.
- Offering of offshore betting services.
- Introduction of keno games.
What Are The Segments Of The Global gam*bling Market?
The global gam*bling market can be segmented into:
- Type: Casi*no, Lotteries, Sports betting, Others
- Channel: Offline, Online, Virtual Reality
- End User: gam*bling Enthusiasts, Social Exuberant, Others
Which Region Leads The gam*bling Market?
Asia-Pacific emerged as the largest region in the gam*bling market in 2024, with Eastern Europe forecasted as the fastest-growing region. The regions encompassed in the market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The gam*bling Market Global Market Report?
- Market size analysis, market segmentation, and key player focus.
- Growth trends analysis, market contribution and growth drivers.
- Challenges and risks affecting the industry and competitive developments.
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