World gambling market to reach US$647.9 billion by 2027
ResearchAndMarkets.com reports casino segment revised to grow 2% CAGR for 7-year period
The “Gambling – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis, the global market for Gambling estimated at US$443.2 Billion in the year 2020, is projected to reach a revised size of US$647.9 Billion by 2027, growing at a CAGR of 5.6% over the analysis period 2020-2027.
Lottery, one of the segments analysed in the report, is projected to grow at a 9.9% CAGR to reach US$209.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Casino segment is readjusted to a revised 2% CAGR for the next 7-year period. This segment currently accounts for a 56.1% share of the global Gambling market.
U.S. Accounts for 26.8% of Global Market share in 2020 – China forecast to grow at a 12.8% CAGR period 2020-2027
The Gambling market in the U.S. is estimated at US$119 Billion in the year 2020. The country currently accounts for a 26.84% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$158.8 Billion in the year 2027 trailing a CAGR of 10.7% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 5.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR while Rest of European market (as defined in the study) will reach US$158.8 Billion by the year 2027.
Betting Segment Corners a 19.4% Share in 2020
In the global Betting segment, USA, Canada, Japan, China and Europe will drive the 7.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$64.8 Billion in the year 2020 will reach a projected size of US$108.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$94.2 Billion by the year 2027, while Latin America will expand at a 9.7% CAGR through the analysis period.
The publisher brings years of research experience to this 7th edition of the report. The 280-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
There are a total of 46 companies Profiled in this market that include, among others:
MGM Resorts International; Caesars Interactive Entertainment, Inc.; Camelot Group; Rank Group PLC; SJM Holdings Ltd; William Hill PLC; Wynn Resorts Limited; Galaxy Entertainment Group Ltd.; Genting Berhad; Las Vegas Sands Corporation; 1xbet (Exinvest Limited) Holdings PLC; AsianLogic Limited; Bet365 Group; Betsson, etc.
For more information: https://www.researchandmarkets.com/r/94i6ul
