FACTS AT A GLANCE
Editing: 7; Posted: January 2021
Management commitments: 2109
Companies: 223 – Players covered include 888 Holdings PLC; Bet365 Group Ltd. ; Flutter Entertainment plc; Betsoft Gaming, LTD; Betsson AB; Boyd Games Company; Digital entertainment Bwin.Party; Caesars Entertainment Corp .; Cherry Spelglödje AB; Chetu Inc .; City of Dreams Manila; Creatiosoft Solutions Private Limited; Crown Resorts Ltd .; Delaware Park; Launch the Pvt solution. Ltd; Evolution game; Galaxy Entertainment Group; Golden Entertainment Inc .; Kindred Group PLC; Ladbrokes Coral; Las Vegas Sands Corp .; MGM Resorts International; Micro-game; NetEnt AB; Playson Limited; Society of Scientific Games; SJM Holdings Limited; William Hill Plc et al.
Blanket: All major geographies and key segments
Segments: Type (Lottery, Paris, Casino); Platform (offline, online)
Geographies: World; United States; Canada; Europe; France; Germany; Italy; UK; Rest of Europe; Asia Pacific; Rest of the world.
Free Project Preview – This is an ongoing global program. Preview our research program before making a purchase decision. We offer free access to qualified executives in charge of strategy, business development, sales and marketing and product management roles in selected companies. Insights provide privileged access to business trends; competing brands; profiles of experts in the field; and market data models and more. You can also create your own bespoke report using our MarketGlass™ Platform that offers thousands of bytes of data with no obligation to purchase our report. Registry overview
Global gaming market to reach $ 876 billion by 2026
Gambling has been a primary recreational activity for humans since time immemorial. The act of gambling releases dopamine in the brain, similar to the effect of drugs or abusive substances such as nirvana and heroin. The stimuli awaken the senses by creating a feeling of happiness and satisfaction. In addition, the game provides an escape from everyday stress and boredom. In addition to invoking fun and random luck, the game also offers a sense of collective engagement. The modern era of the glitzy casino environment has also transformed gambling into a stylish and fashionable form of entertainment. Legalized gambling also brings economic benefits in the form of tax revenues for governments and benefits for gambling facilities and communities. For this reason, legal gambling has become a growing phenomenon in several countries, including United States over the past decades. The popularity of the game in the country can be put into perspective by the fact that more than 80% of American adults play at least once in their lifetime.
In the midst of the COVID-19 crisis, the global gambling market is estimated to be US $ 711.4 billion in 2020, is expected to reach a revised size of $ 876 billion by 2026, with a CAGR of 3.6% over the analysis period. Lottery, one of the segments analyzed in the report, is expected to register a CAGR of 2.8% and reach US $ 372.6 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the betting segment is readjusted to a revised CAGR of 4.4% for the next 7 year period.
The US market is estimated at $ 262.4 billion, while Asia-Pacific is expected to reach $ 322.4 billion by 2026
Since tourists and locals are the main contributors to the income of traditional casinos, the income has dropped significantly. Unemployment and falling consumer discretionary income also remain major challenges for a rapid recovery. Additionally, since a significant amount of money spent on gambling is attributed to slot machines in places such as hotels and airports, airport and hotel closures affect revenue generation. in these areas. The lockdowns resulted in significant revenue losses compared to the previous year. For example, in New Orleans the gaming market has already experienced a revenue drop of more than 60% during the pandemic compared to previous years, due to closures. The casino industry is also affected by the fact that the tourism and leisure sectors as well as the airline industry, which are vital to the growth of the industry, have been hit hard by the pandemic.
The gaming market in the United States is estimated at US $ 262.4 billion in 2021. Asia Pacific (including China) is expected to reach a projected market size of 322.4 billion US dollars by 2026, with a CAGR of 4.4% over the analysis period. Other notable geographic markets include Canada and Europe, each forecasts growth of 3.1% and 3.5% respectively over the period of analysis. The post COVID-19 period will provide exciting opportunities for mobile gaming. As mobile devices support advanced features and are easy to use, mobile gaming is an attractive option for gamers. With the majority of casino game providers offering a plethora of options, it is easier for players to take advantage of these platforms anytime, anywhere without having to wait to access their personal computers. Advances in mobile technology coupled with better accessibility and connectivity have enabled a large number of gamers to participate in the game remotely. With a rapid transition from console to mobile, mobile gaming is poised to become a rapidly growing platform.
Casino segment to reach $ 153.1 billion by 2026
In the global casino segment, United States, Canada, Europe and Asia Pacific will drive the estimated 3.7% CAGR for this segment. These regional markets representing a combined market size of 116.3 billion US dollars in 2020 will reach a projected size of 149.9 billion US dollars before the end of the analysis period. Asia Pacific (including China) will remain among the most dynamic in this group of regional markets and should reach US $ 34.5 billion by 2026. After
Glass Market™ Platform
Our market Glass™ Platform is a free comprehensive knowledge center that is custom configurable to meet the intelligence needs of today’s busy business leaders! This interactive influencer-driven research platform is at the heart of our core research engagements and draws on the unique perspectives of participating leaders from around the world. Features include – enterprise-wide peer-to-peer collaborations; overviews of research programs relevant to your business; 3.4 million profiles of experts in the field; competitive company profiles; interactive research modules; custom report generation; monitor market trends; competing brands; create and publish blogs and podcasts using our primary and secondary content; follow events in the field around the world; and much more. Client companies will have full insider access to the project’s data stacks. Currently used by over 67,000 subject matter experts around the world.
About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher, the only influencer-focused market research company in the world. Proudly serving more than 42,000 clients in 36 countries, GIA has been recognized for its accurate forecasting of markets and industries for more than 33 years.
Director, Corporate Communications
Global Industry Analysts, Inc.
E-mail: [email protected]
Join our panel of experts
Connect with us on LinkedIn
Follow us on twitter
Journalists and media
SOURCE Global Industry Analysts, Inc.