How much is the gambling market worth, and how is it expected to expand?
The gambling market size has grown strongly in recent years. It will grow from $572.55 billion in 2024 to $618.69 billion in 2025 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to emerging markets growth, growth in female gamblers and increased betting on e-sports.
The gambling market size is expected to see strong growth in the next few years. It will grow to $754.78 billion in 2029 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to legalization of gambling, rapid urbanization, increasing use of social media and rising population. Major trends in the forecast period include investing in gambling games that use AR and VR technology, adopt advanced technologies to introduce live casinos, invest in sports betting, invest in providing mobile gambling services, invest in online casinos facilities, adopt cryptocurrencies to improve transparency in transactions, invest in branded slot games and gambling services through smart watch applications, offering offshore betting services, offer keno games.
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Which industry factors have accelerated the gambling market’s expansion?
The demand for gambling is expected to be driven by the changing gambling habits of consumers. The increasing popularity of gambling apps and social gambling will propel the growth of the market going forward. The global social casino market reached $6.62 billion in 2022, growing at a CAGR of 7.26%. The increasing adoption of mobile devices and increasing internet penetration will drive the demand for online gambling, driving market growth.
What are the primary segments of the gambling market?
The gambling market covered in this report is segmented –
1) By Type: Casino, Lotteries, Sports betting, Others
2) By Channel: Offline, Online, Virtual Reality
3) By End User: Gambling Enthusiasts, Social Exuberant, Others
Subsegments:
1) By Casino: Land-Based Casinos, Online Casinos, Table Games, Slot Machines And Electronic Gaming Machines
2) By Lotteries: National and State Lotteries, Instant Win Games, Scratch-Off Tickets, Online Lottery Services
3) By Sports Betting: Fixed-Odds Betting, Live In-Game Betting, Spread Betting, Pool Betting
4) By Others: Bingo, Fantasy Sports, E-sports Betting, Skill-Based Gaming
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Which firms are leading the gambling market?
Major companies operating in the gambling market include China Welfare Lottery, Flutter Entertainment plc, Caesars Entertainment Corporation, MGM Resorts International, The Hong Kong Jockey Club, Bet365 Group Ltd, Las Vegas Sands Corporation, Wynn Resorts Ltd., Galaxy Entertainment Group Limited, Melco International Development Ltd., Marina Bay Sands Casino, Inspire Integrated Resort, Aquis Great Barrier Reef Casino, Sky City Auckland Casino, Deltin Daman Casino, SJM Grand Lisboa, City Of Dreams, Venetian Macao, Kangwon Land Casino, Holland America Cruise Line Volendam, Resorts World Sentosa, Spielbank Do-Hohensyburg, Casino Gran Madrid Torrelodones, Casino de la Vallee – St. Vincent, Zeal Network SE, Betway, Novibet, Merkur Casinos, CasinoLuck, CasinoJoy, Merlin Entertainments, Selena World Resort & Casino, Admiral Casino Colosseum, Luxury Casino, Casino Action, Goldfishka, BetChan Casino, NetBet Casino, Joy Casino, Marriott Hotel & Casino Warsaw, SPIN Casino, DraftKings Inc, BetAmerica, LeoVegas AB, Evolution Gaming AB, Scientific Games Corporation, Buffalo Partners, the Stars Group Inc, Hipódromo Argentino de Palermo, Sun Monticello Casino and Hotel, Casino Golden Palace, Casino de Tigre, Casino Buenos Aires, Trilenium Casino, Casino Rock’n Jazz, Celebrity Cruises – Constellation, Casino du Liban, 888casino, Jumeirah, Farah Experiences LLC, Parimatch, Unibet, 22bet, GrandWest Casino & Entertainment World, Sun International, Peermont, Federal Palace Hotel & Casino, Kairo International, Le Grande Casino, Maritim Jolie Ville Resort & Casino Sharm El Sheikh.
Which market trends are set to define the future of the gambling market?
Branded slots are increasingly becoming popular in the gambling industry. Branded slots are licensed online casino games built around universally popular subjects such as movies, TV shows, music, or books. Brand loyalty draws customers towards trying slot games revolving around their favorite characters. Branded online slot games attract casual bettors, even the ones with little experience and interest in slot machines, as they create a connection with the players due to their familiarity with characters on the slots, increasing the traffic on the slot machines. Branded slots based on Game of Thrones, Westworld, Batman, and Jurassic Park are some of the most popular branded slot games.
Which geographic trends are shaping the gambling market, and which region has the highest market share?
The countries covered in the gambling market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
What Does The Gambling Market Report 2025 Offer?
The gambling market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Gambling is the act of wagering money or something of value on an event with an uncertain outcome that is not under the gambler’s control, with the intent of winning something else of value, often money. Gambling can teach a valuable lesson about the relationship between risk and reward.
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