Global Casino Gaming & Gambling Industry
The worldwide market for casinos and gaming is a part of the global recreational activity industry. Lotteries represent the leading segment of the global casino and gaming industry (excluding the “other” segment), generating more than 29% of market value. Gaming revenue varies greatly depending on each region, with certain nations putting a ban on gambling while others allow it.
The gambling sector encompasses purchasing lottery and raffle tickets, casino table gambling, football pools, and Grand National betting, reports Koncept Analytics. Despite its illegality in certain regions, gambling contributes significantly to the national economies through tax revenues. The sector is little affected by economic recession and is also an important employer.
Find industry analysis, statistics, trends, data and forecasts on Global Casinos & Online Gambling from IBISWorld. Get up to speed on any industry with comprehensive intelligence that is easy to read. Banks, consultants, sales & marketing teams, accountants and students all find value in IBISWorld. GBGC provides practical and insightful consultancy, data and market reports for the global gambling industry. GBGC’s consultancy and advice is based on more than 50 years’ experience in different areas of the gambling sector. GBGC covers the whole spectrum of gambling activities – sports betting, casino, gaming machines, bingo,.
Xerfi classifies the main gambling companies into four profiles, namely resort-based casino groups, state lotteries, gaming machine operators and online players. Competition between players is partly limited by state-based regulations. This also insulates industry players somewhat from illegal gaming operators.
The global gambling industry is dominated by developed nations, with the US, the EU and Japan combined accounting for close to 70% of the overall market. The gambling sector is expected to record significant growth in emerging markets like Asia and Latin America over the coming years. Technology will continue to play a pivotal role in developing the global gambling industry, with internet gaming and mobile gaming reaching an ever-expanding customer base.
Casino Gaming & Gambling Industry Key Segments
- Although the global recession and regulatory issues have caused parts of the gambling industry to develop slower than expected over the last decade, the overall balance sheet is still in the black.
- The global online gambling market size was valued at USD 53.7 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 11.5% from 2020 to 2027. The high internet penetration and increasing use of mobile phones among individuals for playing online games from their homes and public places are driving the market.
- Global Casino Gaming & Gambling Industry. The worldwide market for casinos and gaming is a part of the global recreational activity industry.Lotteries represent the leading segment of the global casino and gaming industry (excluding the “other” segment), generating more than 29% of market value. Gaming revenue varies greatly depending on each region, with certain nations putting a ban on.
Digital gambling, which includes mobile, digital TV-based and online services, continues to attract a rising number of customers.
Obstacles to market entry include strict regulation throughout this highly competitive market segment.
Operators are focusing on M&A to boost revenue and limit risk, reports Business Insights. Gambling operators are also concentrating on moving into the digital gambling domain to offer mobile and online services.
Regional Casino Gaming & Gambling Market Share
Asia’s gaming sector is recording strong growth, prompting US and UK operators to move into this region, reports AM Mindpower Solutions. Macau, in particular, is recording strong regional expansion. Macau’s gaming sector is expected to maintain a yearly growth rate of 16% thanks to the opening of new casinos, increased economic growth and better global recognition.
The UK online gambling sector continues to record climbing turnover due to bookmakers launching applications for mobile devices. It remains to be seen whether state laws concerning online gambling products will be changed. New regulations would mean operators need to acquire a license to offer online gambling products. Overseas operators would also have to apply for a license to sell their gambling products in the UK.
GBGC provides practical and insightful consultancy, data and market reports for the global gambling industry. GBGC’s consultancy and advice is based on more than 50 years’ experience in different areas of the gambling sector.
GBGC covers the whole spectrum of gambling activities – sports betting, casino, gaming machines, bingo, and lotteries – in both their traditional, land-based forms and online/mobile versions. Since 1998 GBGC has worked with clients on every continent, helping governments develop their gambling policy, advising companies of all sizes on their strategy, and assisting investment banks and private equity with due diligence work.
GBGC also publishes the comprehensive Global Gambling Report – essential reading for anyone with an interest in the gambling sector.
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Global Gambling Report
GBGC’s comprehensive Global Gambling Report contains information and data on the gambling activities in more than 250 jurisdictions. It is constantly updated with new developments in regulation, taxation and market performance for each gambling sector.
Interactive Gambling Report
The Interactive Report focuses on issues and data from the global i-gaming sector, covering online sports, casino, poker, bingo and state lotteries. The report includes key i-gaming regulatory developments in jurisdictions around the world.
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GBGC has accumulated extensive knowledge of global gambling markets through a combination of research for its gambling reports and completing consultancy projects around the world.
I have known the GBGC team for many years and have always valued their experience of the industry and expertise that they bring to the table.
The GBGC team has unparalleled experience of the gambling industry and CEO Warwick Bartlett has the added benefit of having run his own gambling business for many years which means that GBGC always gives practical, informed advice.
Whether it’s land based in Asia, retail in Eastern Europe, or online in Africa, GBGC seem able to provide genuine insight, and an informed view on any area within the betting and gaming space. Thorough research and attention to detail, coupled with significant industry experience makes them the sector’s go to consultancy. Working with Warwick always provides meaningful, actionable results. For me, being able to tap into his wealth of knowledge has proven to be invaluable. I can’t recommend GBGC highly enough. They are simply the best in the business.
Without question GBGC’s services are globally recognised for their quality, insightfulness, and appropriateness. In an industry that is facing more challenges, threats and yet opportunities than ever before, GBGC provides an invaluable contribution to the strategic planning process that is key to the future direction and development of successful operators.
Gambling Disorder Statistics
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