Gambling-Market Scales Up To $ 123.5 Billion – Analysts

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February 1, 2022
2 minutes

According to coherent market insights, the global market for gambling and sports betting in 2017 was estimated at $ 46.9 billion. It is predicted that until 2026, the world gambling market is scaled by 11.4%.

Gambling-market scales up to $ 123.5 billion - analysts

Modern technologies contribute to improving gembling services, which makes gambling more attractive and accessible to users. The market growth contributes to the use of mobile phones, which entails the appearance of programs and applications for phones; improving the level of welfare that allows you to spend more cash on leisure; as well as expansion of internet coverage.

According to the report, sports betting will be the most popular in the asia-pacific region.

Improving financial services and improving online transaction security will contribute to the formation of user loyalty.

The main deterrent development factor will be tightening laws on gambling in many jurisdictions

Key findings:

  • It is predicted that the global gambling market and sports betting will increase by an average of 11.4%, which is due to the growing distribution of internet devices around the world.
  • In the asia-pacific region is expected to grow in the market of gambling and online betting by 14%.
  • The main players in the global field will be
    888 holdings
    , gvc holdings, kindred group, paddy power, betfair, william hill, bet365, stars group, draft kings, betsson and betamerica.

Recall that the american gambling association (aga) highly appreciated the efforts on corporate social responsibility (csr) gembling-industry in the united states, after the new study of the organization showed that this sector is responsible for charitable donations of $ 367 million (£275.8 million /€322.1 million) in 2017.

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