The global gaming market is set to reach $256.97 billion by 2025. More than 2.5 billion people worldwide play games. In 2020, the console gaming market will experience its slowest growth rate since 2015. Players will spend $4.5 billion on immersive games by the end of 2020. According to the report, the global online gambling & betting market accounted for USD 45.8 billion in 2017 and is expected to reach USD 94.4 billion globally by 2024, growing at a CAGR of around. The online gambling market size surpassed USD 55 billion in 2019 and is anticipated to grow at 16.5% CAGR between 2020 and 2026 owing to advent of several new technologies, such as AI, VR, cyborg, and machine learning.
Global revenue from gambling is expected to reach $635 billion by 2022, according to new findings out of Dublin, Ireland from Research and Markets.
The worldwide gambling market will grow by nearly six percent from 2016 until 2022, the research said. 'Increasing smartphone and tablet penetration, increased device capability and the confidence of users are driving the market growth,' the group said.
'Asia Pacific is the major region growing in this market due to the emergence of major casinos in the region that are operated by the US-based companies which will divert some of the US overseas-derived business in the region.' Is global poker legal in new york.
Gambling is front and center because many countries are looking to beef up their respective tourism industries.
In a different study by Morgan Stanley, it was found that the global gambling market was $423 billion in 2014. Casinos are among the largest industries on earth.
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Closest casino to poplar bluff mo. Recent findings from research group Technavio said that online gambling in the US will hit $4 billion by 2020. The US land-based casino industry is worth about $70 billion a year.
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