Latest News
Global Gambling Market Analysis & Forecasts 2012-2019 & 2020-2027: U.S. Market is Estimated at $119 Billion, While China is Forecast to Grow at 12.8% CAGR
The “Gambling – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Global Gambling Market to Reach $647.9 Billion by 2027
Amid the COVID-19 crisis, the global market for Gambling estimated at US$443.2 Billion in the year 2020, is projected to reach a revised size of US$647.9 Billion by 2027, growing at a CAGR of 5.6% over the analysis period 2020-2027.
Lottery, one of the segments analyzed in the report, is projected to record a 9.9% CAGR and reach US$209.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Casino segment is readjusted to a revised 2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $119 Billion, While China is Forecast to Grow at 12.8% CAGR
The Gambling market in the U.S. is estimated at US$119 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$158.8 Billion by the year 2027 trailing a CAGR of 10.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 5.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.
Betting Segment to Record 8.5% CAGR
In the global Betting segment, USA, Canada, Japan, China and Europe will drive the 7.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$64.8 Billion in the year 2020 will reach a projected size of US$108.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$94.2 Billion by the year 2027, while Latin America will expand at a 9.7% CAGR through the analysis period.
The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- 1xbet (Exinvest Limited)
- Holdings PLC
- AsianLogic Limited
- Bet365 Group
- bet-at-home.com AG
- Betsson AB
- Betway Limited
- BML Group Ltd. (Casinoeuro)
- Caesars Interactive Entertainment, Inc.
- Camelot Group
- Casino Cosmopol
- Casumo Services Limited
- Co-Gaming Ltd. (Casinostugan)
- Co-Gaming Ltd. (Comeon)
- Folkeautomaten
- Funstage Spielewebseitenbetriebsges.m.b.H
- Galaxy Entertainment Group Ltd.
- Genting Berhad
- GVC Holdings PLC (Isle of Man)
- Jackpotjoy Plc
- Kindred Group plc
- Las Vegas Sands Corporation
- LeoVegas AB
- MGM Resorts International
- Mobilbet
- Mr Green Limited
- mybet Holding SE
- NorgesAutomaten
- Norsk Tipping AS
- OnlineCasino Deutschland AG
- Osterreichische Lotterien Gesellschaft mbH (Win2day)
- Paddy Power Betfair
- Pinnacle (Curacao)
- Playtech PLC (Isle of Man)
- Rank Group Plc
- SJM Holdings Ltd.
- Sportech PLC
- Svenska Spel AB
- The Stars Group
- Vera & John
- William Hill PLC
- Wynn Resorts Limited
Powered by WPeMatico
Caspar Hobbs CEO of SWA
SWA, Sportradar Collaborate on First-of-its-Kind In-Play MMA Betting Offering
“Our science team has developed data driven bottom-up generative ai modelling that outputs tens of thousands of potential outcomes every second, pricing each one in real time.
This enables unlimited micro-parlay and social betting opportunities on the same platforms,” said Caspar Hobbs, CEO of SWA. “MMA has been one of the fastest-growing sports globally for many years, but its speed and complexity have made it difficult to model for betting. We are delighted to partner with Sportradar on this breakthrough MMA product and look forward to delivering wider combat offerings in the coming weeks, as well as expanding into additional sports.”
The post SWA, Sportradar Collaborate on First-of-its-Kind In-Play MMA Betting Offering appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
Burst Games
Step into Royal Drop — Queen Lizzie’s Quest from Mirror Image Gaming
Royal Palace – 5,000x Jackpot
Underground – 100x Payout Multiplier
Big Ben – 50x Payout Multiplier Royal Guard – Squares the Payout Multiplier
Royal Carriage – 5x Payout Multiplier
Gray Wagner, CEO at Mirror Image Gaming, said: “Our Burst Games have taken online casino game lobbies by storm and in Royal Drop we have a title that celebrates the magic and majesty of the royal family while allowing players to unlock regal wins.
“Our Burst Games are incredibly fun and put players on the edge of their seats as they ride out the drop and collect as many prizes as they can on the way down. Of course, where they land determines the ultimate size of the payout.
“The heir to the throne might be shouting “Slow down mommy” but players will be encouraging Queen Lizzie to go faster and scoop up more of those coins and flags as she dials in on the landing zone.”
The post Step into Royal Drop — Queen Lizzie’s Quest from Mirror Image Gaming appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
Booming Games
Booming Games upgrades senior management to support aggressive growth strategy
Max Niehusen, Founder of Booming Games, said: “We are pleased to announce these two promotions at a key moment in our growth journey. With extensive experience in their fields, Dan and Ramona have already made a significant contribution to the business, providing invaluable expertise. Their promotions reflect our longstanding commitment to retain and nurture top talent, in order to better serve our rapidly expanding customer base.”
Dan Paleu, Chief Operating Officer at Booming Games, said: “After joining Booming Games I quickly understood why the business has an unrivalled reputation in the industry for innovation. The business has set out ambitious growth plans and I am proud to be taking up the position of Chief Operating Officer to help deliver these. I look forward to continuing working closely with Max in the role, providing a market leading experience for our customers and players.”
Ramona Petrina, Chief of Staff at Booming Games, said: “Booming Games has built a powerful foundation, from its product vision and people to its ambition and execution. The scale we’ve achieved is the result of clear direction and strong leadership, and I’m excited to help shape the next phase of the company’s growth as we continue to expand and evolve.”
The post Booming Games upgrades senior management to support aggressive growth strategy appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
-
16-Reel Slot7 days agoMighty Wild™: Gorilla Unleashed – Wazdan Scales New Heights in Jungle Series
-
Alex Lorimer6 days agoMega Mammoth – Multiplier Mayhem Charges into the Gaming Corps Portfolio
-
Arizona6 days agoArizona Department of Gaming Reports $44.9 Million in Tribal Gaming Contributions for the Second Quarter of Fiscal Year 2026
-
Argentina Gambling7 days agoBETER names Matias Tapia Gomez as LatAm Business Development Manager
-
Booming Games5 days agoBooming Games and Live Play Mobile Launch “LivePlay™ Slots” with Exclusive Modo Debut
-
Big Hot Flaming Pots6 days agoBig Hot Flaming Pots: Tasty Treasures – Lightning Box Brings Land-Based Hit Online
-
Candy Crazed Pandas DoubleMax7 days agoCandy Crazed Pandas DoubleMax: Reflex Gaming Unleashes Sweet, High-Volatility Chaos
-
Blask Index6 days agoHow Venezuela’s iGaming market is reacting to US pressure



