Global Gambling Market is expected to grow at a significant CAGR of 8.45% during the period 2018-2022 as the scope and its applications are rising enormously across the globe. Gambling implies risking or betting money or valuable belongings in order to win material goods or money. There are three main elements like prize, consideration, and chance.
Growing number of vendors providing online casino services and gambling games and rising popularity of bitcoins among populace are documented as the major driving factors to Gambling Market. Gambling Market is segmented based on type, platform, and region. Casino, lottery, betting, and the other types could be explored in Gambling in the forecast period. The lottery sector may account for substantial market share of Gambling and is estimated to lead the overall market in the years to come. This could be because of lower investment and high profit.
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The market may be categorized based on platforms like online and offline that could be explored in the forecast period. The online sector may account for the substantial market share of the overall market in the years to come. This could be because of rising E-sports like betting, counter-strike, DotA2 and growing its popularity among populace. Gambling Market is segmented geographically into Americas (North America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific (India, China, Japan, New Zealand, and Australia), Middle East (UAE, Saudi, and Qatar) and Africa (South Africa).
Globally, the Americas may account for the substantial market share of Gambling and is estimated to lead the overall market in the near future. North America is estimated to grow at the fastest pace in the upcoming period. However, South America is estimated to account for significant market share of gambling games in this region. Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period.
The key players of Gambling Market are William Hill, Camelot Group, Paddy Power Betfair, Galaxy Entertainment Group, New York State Lottery, INTRALOT, and MGM Resorts. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
To calculate the market size, the report considers the revenue generated from type of gambling such as lottery, betting, and casino. In addition, we have segmented the market based on the sale of gambling types using offline and online platforms, wherein devices such as mobile and desktop are considered under the online platform.
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Global Gambling Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • 888 Holdings• Camelot Group• Galaxy Entertainment Group• INTRALOT• MGM Resorts• New York State Lottery• Paddy Power Betfair
Market driver • Contribution towards economy• For a full, detailed list, view our report
Market challenge • High risk factors• For a full, detailed list, view our report
Market trend • Introduction of Bitcoin gambling• For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2022 and what will the growth rate be?• What are the key market trends?• What is driving this market?• What are the challenges to market growth?• Who are the key vendors in this market space?
Read more related reports by Radiant Insights:
• Mobile Gambling Market – https://www.radiantinsights.com/research/global-mobile-gambling-market-size-status-and-forecast-2022
This report studies the global Mobile Gambling market, analyzes and researches the Mobile Gambling development status and forecast in United States, EU, Japan, China, India and Southeast Asia.
• Online Gambling Market – https://www.radiantinsights.com/research/global-online-gambling-market-2017-2021
The report covers the present scenario and the growth prospects of the global online gambling market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
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