Global Gambling Market 2018
- Global Gambling Market 2018 Chart
- Global Gambling Market Size 2018
- Global Gambling Market 2018 Calendar
- Global Gambling Market 2018 Predictions
Any business has a high probability of unexpected factors, however, focusing on last year's trends, sometimes it is possible to predict the future. For example, earlier we’ve mentioned that the interest in video slots and bets in the online gambling sector was increasing, while digital poker was losing ground. We offer you to consider the forecast of trends for 2018 in more details.
Branded Video Slots
The first digital slot game, connected with the works of popular culture, was released in 2004. It was Tomb Raider from Microgaming. The attention to video slots based on games, films, novels, etc. continues to grow.
Gambling Market – Global Outlook and Forecast 2018-2023 Previous Next The worldwide betting business sector is relied upon to arrive at incomes of over $525 billion by 2023, developing at a CAGR of roughly 4% during 2017-2023. GLOBAL ONLINE GAMBLING MARKET SIZE TO REACH USD 74.36 BILLION BY 2023, GROWING AT A CAGR OF 9% DURING THE FORECAST PERIOD. Online Gambling Market Size, Share, Trends, Analysis Report by Product (Betting, Casino, and Lottery), Platform (Desktop and Mobile), and Geography (APAC, Europe, North America, Latin America, and Middle East & Africa), Industry Analysis Report, Regional Outlook, Growth. Global Scope of the Report The report titled “Global Online Gambling Market with Focus on Sports Betting (2018-2022 Edition)” provides an in-depth analysis of the global online gambling market with detailed analysis of market size and growth. The analysis includes market by value, market share by product and by region. Market Research Report Summary. Global Mobile Gambling Market Growth (Status and Outlook) 2018-2023 report is published on October 22, 2018 and has 115 pages in it. This market research report provides information about Travel & Leisure, Gambling industry.
In 2017, Playtech signed the largest deal for the gambling market with the Warner Bros studio. As a result of the agreement, Playtech received the rights to create slots based on superhero movies ‘Batman vs. Superman’ and ‘Suicide Squad’.
It is expected that in 2018 branded video slots will have an increased popularity. Both the developers and operators think so.
Live casino
For the first time the ‘live’ casino was represented by Playtech in 2003. Since then, it has been actively developed and implemented by operators around the world. According to forecasts, in 2018 the live casino will finally appear in the portfolios of Germany’s largest gambling platforms.
VR Casino
This innovative direction has been developing since 2015. VR products still belong to the elite segment, as the roadmap is developing and available only to the owners of VR headsets. However, the technology is evolving, and more affordable headsets appear on the market. In 2018, global segment of VR casino is expected to grow.
Mobile apps
In the first half of 2017, mobile applications accounted for 35.7% of the total gambling market, which is almost 2% more than in the same period in 2016. It is predicted that the share of mobile gambling will continue to grow until 2020. Most of the top developers of video slots prudently prepare versions not only for PCs, but also for tablets and smartphones.
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Global Gambling Market 2018-2022
About Gambling
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.
Technavio’s analysts forecast the global gambling market to grow at a CAGR of 8.45% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global gambling market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
Key vendors
- 888 Holdings
- Camelot Group
- Galaxy Entertainment Group
- INTRALOT
- MGM Resorts
- New York State Lottery
- Paddy Power Betfair
- Contribution towards economy
- For a full, detailed list, view our report
- High risk factors
- For a full, detailed list, view our report
Global Gambling Market 2018 Chart
Global Gambling Market Size 2018
Market trendGlobal Gambling Market 2018 Calendar
- Introduction of Bitcoin gambling
- For a full, detailed list, view our 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?
Global Gambling Market 2018 Predictions
Press Release
Technavio Announces the Publication of its Research Report – Global Gambling Market 2018-2022
Technavio recognizes the following companies as the key players in the global gambling market: 888 Holdings, Camelot Group, Galaxy Entertainment Group, INTRALOT, MGM Resorts, New York State Lottery, and Paddy Power Betfair.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is introduction of Bitcoin gambling. Bitcoin is a type of cryptocurrency that allows peer-to-peer payments to take place on the Internet. With the growing popularity of bitcoins, many gambling vendors are providing gambling using bitcoins. This is due to the advantages which the cryptocurrency has over regular currency. One of the key benefits is that of cross-border transactions.”
According to the report, one driver in the market is contribution towards economy. Gambling industry plays a prominent part towards the economy. For instance, the US alone accounted for 0.91% of the US GDP in 2017. The lottery market alone has a considerable potential to create job opportunities. Also, legalizing more number of the online and offline gambling will further fetch higher jobs to the seekers. Further, the industry is amongst the most diverse sector and attracts high foreign investments.
Further, the report states that one challenge in the market is high risk factors. One of the major factors hindering the growth and expansion of the gambling market is the huge risk involved in running the business, though profit margins are high. As the profit margins are high, gambling market attracts the entry of both; legal and illegal gambling business. However, high-risk factor limits the legalization and expansion of the market in different countries and sometimes in different states of the countries.
Companies Mentioned
888 Holdings, Camelot Group, Galaxy Entertainment Group, INTRALOT, MGM Resorts, New York State Lottery, and Paddy Power Betfair.