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