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Thriving Trends in the Global Gambling Market

Thriving Trends in the Global Gambling Market

Posted on December 8, 2023 By NewsEditor

Thriving Trends in the Global Gambling Market

Gambling Global Market Report 2023 : Market Size, Trends, And Global Forecast 2023-2032

The Business Research Company’s Gambling Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

The 2023 edition of The Business Research Company’s Global Gambling Market Report provides insights into market size, trends, and a global forecast spanning the period 2023-2032.”

— The Business Research Company

LONDON, GREATER LONDON, UK, December 4, 2023 /EINPresswire.com/ — The global gambling market has witnessed remarkable growth, escalating from $449.04 billion in 2022 to $702.45 billion in 2023, registering an impressive compound annual growth rate (CAGR) of 56.4%. The gambling market is poised to continue its upward trajectory, reaching $765.89 billion by 2027 at a steady CAGR of 2.2%.

Dynamic Shifts in Consumer Gambling Habits
The evolution of consumer gambling habits is anticipated to play a pivotal role in propelling market growth. The surge in popularity of gambling apps and social gambling platforms is expected to be a significant driver. The global social casino market, which achieved a valuation of $4.64 billion in 2020, growing at a CAGR of 5%, signifies the growing influence of social and mobile platforms on the gambling landscape. The increasing adoption of mobile devices, coupled with expanding internet penetration, is expected to fuel the demand for online gambling, becoming a key growth factor for the gambling market.

Explore the Global Gambling Market with a Detailed Sample Report:

Key Players Shaping the Industry Landscape
Major companies contributing to the dynamics of the gambling market include China Sports Lottery, China Welfare Lottery, Sociedad Estatal Loterías y Apuestas del Estado S.A., Flutter Entertainment plc, Maruhan, The Hong Kong Jockey Club, Tabcorp Holdings Ltd., Penn National Gaming, Inc., Caesars Entertainment Corporation, and LAS VEGAS SANDS CORP.

Rise of Branded Slots: A Game-Changing Trend
Branded slots are gaining prominence in the gambling industry, offering a unique and engaging experience to players. These slots are licensed online casino games centered around universally popular subjects such as movies, TV shows, music, or books. The appeal of branded slots lies in the familiarity of characters and themes, attracting both experienced and novice players. Games inspired by franchises like Game of Thrones, Westworld, Batman, and Jurassic Park have emerged as popular choices, creating a strong connection with players and driving increased traffic to slot machines.

Regional Dynamics and Market Segmentation
In 2022, Asia-Pacific emerged as the leading region in the gambling market, with Eastern Europe anticipated to exhibit the fastest growth in the forecast period. The comprehensive market segmentation encompasses regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Insights into Market Segmentation
The global gambling market is segmented –

1) By Type: Casino, Lotteries, Sports Betting, Other Gambling

2) By Channel Type: Offline, Online, Virtual Reality(VR)

3) By End-User: Gambling Enthusiasts, Social Exuberant, Other End-Users

Access the Complete Report for In-Depth Analysis:

Gambling Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Gambling Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on gambling market size, gambling market drivers and trends, gambling market major players, gambling market competitors’ revenues, gambling market positioning, and gambling market growth across geographies. The gambling market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

Browse Through More Similar Reports By The Business Research Company:
Online Gambling Global Market Report 2023

Online Lottery Global Market Report 2023

Lottery Global Market Report 2023

About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 6500+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Global Market Model – Market Intelligence Database
The Global Market Model, The Business Research Company’s flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess supply-demand gaps.

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The Business Research Company
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Article originally published on www.einpresswire.com as Thriving Trends in the Global Gambling Market

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