The Latest Global Gambling Industry Statistics Explained
The global online gambling market size was valued at USD 53.7 billion in 2019.
The statistic indicates that the global online gambling industry generated a total revenue of USD 53.7 billion in the year 2019. This figure represents the aggregate amount of money spent by consumers on online gambling activities worldwide during that specific time period. The substantial size of the market suggests a high level of demand for online gambling services and products, indicative of a significant industry that is likely to continue to grow. Factors driving this growth may include the increased accessibility of online gambling platforms, the popularity of online gaming, and advancements in technology that have made it easier for consumers to participate in online gambling activities.
It is estimated that the global online gambling market will reach USD 127.3 billion by 2027.
The statistic indicates that the global online gambling market is projected to grow significantly, reaching a value of USD 127.3 billion by the year 2027. This estimated value reflects the anticipated expansion of the online gambling industry due to various factors such as increased internet penetration, advancements in technology, changing consumer preferences, and regulatory changes in different regions. The forecast suggests a substantial increase in revenue generated by online gambling activities worldwide, highlighting the industry’s potential for continued growth in the coming years as it taps into a growing base of online users seeking entertainment and opportunities for betting and gaming.
The online betting segment possesses the largest market share (45.8%) in the global gambling industry in 2019.
The statistic indicates that the online betting sector held the most significant portion of the market in the global gambling industry at 45.8% in 2019. This suggests that online betting platforms, which include sports betting, casino games, and other forms of online wagering, were the most popular choice for consumers engaging in gambling activities worldwide during that period. The high market share highlights the growing trend of players turning to digital platforms for their gambling needs due to factors such as convenience, accessibility, and a wide range of betting options available online. The dominance of the online betting segment in the global market reflects the increasing shift towards virtual platforms in the gambling industry and underscores the importance of digital innovation and technological advancements in shaping consumer preferences in the sector.
Europe dominated the online gambling market with a share of 41.0% in 2019.
This statistic indicates that Europe held a significant majority of the online gambling market in 2019, with a market share of 41.0%. This suggests that a large portion of online gambling activities, such as sports betting, casino games, and poker, occurred within Europe during that year. The dominance of Europe in the online gambling market implies that the region has a strong presence and influence in the industry, potentially due to factors such as favorable regulations, widespread internet access, and a strong culture of gambling. Companies operating in the online gambling sector may have tailored their strategies to target the European market to capitalize on its size and potential for growth.
The sports betting sector is projected to reach USD 155 billion by 2024 globally.
The statistic “The sports betting sector is projected to reach USD 155 billion by 2024 globally” indicates the anticipated growth and significant economic impact of the sports betting industry on a global scale. This projection suggests a booming market with substantial financial implications for various stakeholders including sports betting companies, investors, and governments. The expected rise in the industry’s value reflects the increasing popularity and adoption of sports betting activities worldwide, driven by factors such as technological advancements, changing regulatory environments, and shifting consumer preferences. As such, this statistic highlights the bright future prospects and lucrative opportunities present within the sports betting sector in the upcoming years.
In 2019, global gross gambling yield (GGY) amounted to about 495 billion U.S. dollars.
The statistic that in 2019, the global gross gambling yield (GGY) reached approximately 495 billion U.S. dollars indicates the total amount of money that the gambling industry generated worldwide during that year. This value encompasses the profits made by casinos, lotteries, sports betting, and other forms of gambling activities. The significant size of the GGY highlights the immense scale and economic impact of the gambling sector on a global level. The statistic serves as a key indicator of consumer behavior, industry performance, and overall financial trends within the gambling market, reflecting the substantial financial magnitude and widespread participation in gambling activities across various regions of the world in 2019.
Asia Pacific is expected to see significant growth in the gambling market by 2027 due to easy regulations on gambling in the region.
The statistic suggests that the Asia Pacific region is anticipated to experience substantial expansion in the gambling market by the year 2027. This growth is attributed to the comparatively lenient regulations surrounding gambling activities in the region, which are expected to create a conducive environment for the industry to thrive. The ease of regulations is likely to attract both domestic and international operators, leading to an increase in gambling-related investments and activities. Consequently, it is projected that the Asia Pacific gambling market will witness notable growth over the coming years, making it a significant and lucrative market for stakeholders in the industry to capitalize on.
Casino games account for about 26% of the global gambling market.
This statistic indicates that casino games make up approximately a quarter of the total global gambling market. Casinos offer a variety of games such as slots, table games like blackjack and roulette, and poker. The fact that casino games hold a significant share of the gambling market highlights the popularity and profitability of these games among gamblers worldwide. This statistic also suggests that casinos play a crucial role in the overall gambling industry, contributing significantly to the revenue generated from gambling activities on a global scale.
Lotteries account for approximately 29% of the global gambling market.
The statistic that lotteries account for approximately 29% of the global gambling market indicates the significant share that lotteries hold in the overall gambling industry worldwide. This percentage suggests that nearly one-third of all gambling activities across the globe are related to lotteries, making them a substantial contributor to the overall revenue generated by the gambling sector. The popularity of lotteries can be attributed to their widespread availability, simplicity, and the allure of potentially winning large sums of money with a small investment. This statistic underscores the enduring appeal and financial impact of lotteries within the broader context of global gambling activities.
Over 50% of the global gambling market is held by the United States and China.
The statistic that over 50% of the global gambling market is held by the United States and China highlights the significant dominance and influence of these two countries in the industry. This suggests that a large portion of the total revenue generated from gambling activities worldwide comes from these two countries, indicating the size and importance of their respective gambling markets. The statistic reflects the economic power and consumer demand for gambling products and services in the United States and China, showcasing their strong presence and impact on the global gambling landscape.
In 2019, the global mobile gambling market was valued at 58.9 billion USD.
The statistic “In 2019, the global mobile gambling market was valued at 58.9 billion USD” indicates the total monetary worth of the mobile gambling industry worldwide in that year. This figure represents the sum of all revenues generated from mobile gambling activities including betting on sports, casino games, poker, and other forms of gambling through mobile devices. The large valuation highlights the significant growth and popularity of mobile gambling as a form of entertainment and revenue generation within the global gaming industry. This statistic serves as a key indicator of the economic impact and scale of mobile gambling on a global scale, reflecting consumer demand and trends towards mobile-centric platforms for gaming activities.
In 2019, around 44% of online gamblers were female.
The statistic presents the proportion of female online gamblers in 2019, indicating that approximately 44% of individuals who engaged in online gambling were female. This suggests a growing presence of women in the online gambling industry compared to previous years, where participation was traditionally male-dominated. The statistic highlights a shift in the demographic profile of online gamblers, signifying a trend towards increased gender diversity in this recreational activity. Analyzing gender differences in online gambling behavior can provide valuable insights for market segmentation and targeted strategies to enhance the gaming experience for both female and male players.
The young generation of gamblers is expected to foster the global market due to the increasing use of smartphones for gambling.
The statistic suggests that the rising use of smartphones among the younger generation is likely to drive growth in the global gambling market. As technology advances and smartphones become more accessible, convenient, and integrated into daily life, they provide an easy and convenient platform for engaging in gambling activities. The younger demographic, in particular, who are early adopters of such technologies, are anticipated to contribute significantly to the expansion of the gambling market by utilizing their smartphones for betting and gaming purposes. This trend reflects a shift towards mobile gambling and highlights the important role that the younger generation of gamblers will play in shaping the future landscape of the global gambling industry.
In 2020, the online gambling revenue in Europe reached approximately 30 billion euros.
The statistic “In 2020, the online gambling revenue in Europe reached approximately 30 billion euros” indicates the total amount of money generated from online gambling activities across European countries during the year 2020. The significant figure of 30 billion euros reflects the economic impact and popularity of online gambling in the region. This statistic suggests a thriving online gambling industry in Europe and highlights the substantial financial gains made by companies operating in this sector. The revenue generated also indicates a sizable market demand for online gambling services and underscores the potential for continued growth and expansion in the industry in the coming years.
Worldwide, Macau is the largest casino market with revenues reaching 36.73 billion U.S. dollars in 2019.
This statistic refers to Macau being the largest casino market in the world in terms of revenue generated in 2019. With a staggering $36.73 billion in revenues, Macau outshone other major casino markets such as Las Vegas, Singapore, and others. This highlights the significant economic importance of the gambling industry in Macau, known for its high-end casinos and luxury gaming experiences attracting tourists and high-rollers from around the globe. The statistic signifies Macau’s dominant position in the global casino market and its crucial role in the region’s economy as a major contributor to tourism and entertainment sectors.
Macau’s revenue from VIP baccarat was 13.79 billion U.S. dollars in 2019.
The statistic indicates that Macau generated a total revenue of 13.79 billion U.S. dollars specifically from VIP baccarat gaming in 2019. VIP baccarat is a high-stakes version of the popular card game that is often favored by wealthy individuals and high-rollers. The significant revenue figure highlights the importance of VIP baccarat to Macau’s overall gaming industry and economy, as it represents a substantial portion of the total gambling revenue generated in the region. This statistic provides insight into the preferences and spending habits of affluent individuals who contribute significantly to Macau’s reputation as a premier gambling destination.
Gambling addiction issues are on the rise globally, with the WHO classifying it as a disorder.
The statistic highlights the troubling trend of increasing gambling addiction issues worldwide, which has caught the attention of the World Health Organization (WHO) leading them to officially classify it as a disorder. This signifies a recognition of the seriousness and negative impact that gambling addiction can have on individuals’ mental health and well-being. The classification by WHO can help raise awareness, facilitate research, and encourage the development of effective interventions to address and mitigate the harmful consequences associated with gambling addiction. The statistic serves as a stark reminder of the need for greater attention and resources to combat this growing public health concern.
The average age of an online gambler is 34 years old globally.
The statistic that the average age of an online gambler is 34 years old globally means that when considering all online gamblers around the world, the typical age of individuals participating in online gambling activities is 34 years. This information provides insight into the demographic profile of online gamblers on a global scale. It suggests that online gambling is not limited to a specific age group, but rather attracts individuals who are relatively young on average. Understanding the average age of online gamblers can help inform marketing strategies, regulatory policies, and research efforts related to the online gambling industry.
Conclusion
Overall, the global gambling industry continues to experience growth, driven by factors such as technological advancements, increasing disposable income, and changing regulatory landscapes. Despite challenges such as shifting consumer preferences and societal concerns about problem gambling, the industry remains resilient and dynamic. By keeping abreast of the latest statistics and trends, stakeholders can make informed decisions to navigate the nuances of this multifaceted and ever-evolving sector.
References
0. – https://www.www.statista.com
1. – https://www.www.technavio.com
2. – https://www.www.grandviewresearch.com
3. – https://www.www.ncbi.nlm.nih.gov
