The world’s gambling market: facts and figures in the “Research and Markets” report

The marketing research agency “Research and Markets” provided the report on the state and trends of world gambling.

The report named “Global Online Gambling Market — by Type, Device, Regions — Market Size, Demand Forecasts, Industry Trends and Updates (2014–2020)” was published by “Research and Markets” company.

The document description consists of some facts and figures which allow drawing a conclusion about the gambling industry in the world:

• * the market was USD 35.97 billion in 2014 and is estimated to reach USD 66.59 billion by 2020, at the compound annual growth rate of 10.81%;
• * online gambling includes activities like sports betting, bingo, casino, lotteries, and poker. Sports betting and casinos make the largest amount of money;
• * the use of mobile devices for online gambling purposes is increasing;
• * online gambling has been legalized in 80 countries. The largest market is Europe. In the Asia Pacific region, the online gambling sector has not grown much, because there are countries (like Singapore, China, South Korea) where the online gambling is illegal. While in the USA, this market will grow due to the states of America where, as is expected, online gambling is going to be allowed: some states are going to adopt their regulations because of perspectives of growth of tax revenues. In Africa, there are no plans to legalize online gambling yet;
• * despite the growth in the online gambling segment, the land-based casino market is ahead of it;
• * in some regions, the development of online gambling industry is constrained by strict rules regulating the market;
• * the use of virtual money gives a possibility to play without leaving home, that is a powerful factor positively influencing the development of online games.

The authors of the document state that the online gambling market has not reached the stage of maturity yet, but it is expected in the near future.

“Research and Markets” is the world’s largest market research resource, which has a wide database of market research reports incorporating all niche and top industries.

Source: https://allgambling.quora.com/The-world%E2%80%99s-gambling-market-facts-and-figures-in-the-%E2%80%9CResearch-and-Markets%E2%80%9D-report