Gambling Market Statistics

• Gambling Market Statistics Today
• Gambling Market Statistics 2020

Gambling Industry Statistics and Trends

The United States gambling industry is valued at $37.34 billion in 2012. This has increased approximately $10 billion in the last decade. The following statistics capture the demographics and overall gambling industry.

Gambling Industry Employment

General Gambling Statistics 1. 46% of people said they gambled in the last month. LONDON- (BUSINESS WIRE)-Technavio has been monitoring the casinos and gambling market and it is poised to grow by $ 82.09 bn during 2020-2024, progressing at a CAGR of 10% during the forecast.

1. Casinos employ more than 1 million nationwide.
2. Casino gaming equipment employ an additional 363,000 people.
3. In the last 22 years, the casino workforce has increased more than 67%.
4. Casino employees earn $13.2 billion in wages each year.
5. Casino employees lowers local community assistance programs and needs while increasing the sales of homes, cars, and appliances.
6. More than 85% of the nations gaming employees are satisfied with their job.
7. 83% of surveyed industry employees would recommend the gaming industry for employment.
8. Nearly half of employees plan on working the gaming industry for another 10 years.
9. Casino employees account for 20.6 of minority employment in the national US workforce.
10. $38 billion was paid in local, state and federal taxes by U.S. casinos in gambling fees, property taxes, income taxes and more.

The Online Gambling Industry

The below video outlines a discussion on the growth potential that online gambling has seen. This may soon required that companies obliged by certain standards and responsibilities within the overall gaming industry.

Gambling and Vegas

The gambling industry is the biggest when it comes to Las Vegas. The following statistics outline gambling facts and statistics when it comes to this Sin City.

1. 87% of the people who visit Las Vegas gamble.
2. The average gambling budget was $580.90.
3. The average gambler spend 4 hours per day gambling.
4. 68% of people who gambled played the slot machines.
5. Almost 30 million travelers visit Las Vegas.
6. The largest percentage of travelers to Vegas were 65 and up.
7. 35% of visitors earned a high school diploma. 26% graduated from college.
8. Las Vegas has over 100,000 hotel rooms while New York City has over 60,000.
9. Several decades ago only 2 states had legal gambling and 48 states outlawed it. As of today, 48 states have some form of legal gambling and only Hawaii and Utah do not.
10. Gambling generates more revenue then movies, sports, theme parks, cruise ships, and recorded music combined.
11. Las Vegas was considered the fastest growing city in the United States.
12. Gambling interests have contributed $4.5 million to political parties and candidates since 1991.
13. The California State Employee’s Retirement fund, US Steel’s pension fund, and Harvard University’s endowment have all owned stock in gambling companies.
14. The fastest growing industry in the world is Indian gambling with over 150 Indian casinos in the United States.
15. Indian gambling is a $27 billion a year business in the United States.

2015 Estimated Gaming Industry Outlook

It is expected that the gaming industry will see a 5% rise in annual growth in the next three years growing to be valued at over $70 billion. Nevada is considered to be the gaming capital in America accounting for one fifth of the overall entire market and industry.

LONDON--(BUSINESS WIRE)--Technavio has been monitoring the gambling market and it is poised to grow by USD 231.63 billion during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. According to the report, the spread of the COVID-19 pandemic has negatively impacted the growth of the market. However, factors such as declining prices of smartphones and the developments in communication networks infrastructure have increased the popularity of online gambling. This is expected to increase the number of online gambling users, thereby foster market growth.

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Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the gambling market. The market growth in 2020 is likely to increase compared to the market growth in 2019.

Frequently Asked Questions:

• Based on segmentation by Type, which is the leading segment in the market?
  The lottery segment led the market in 2019.
  
• What are the major trends in the market?
  Use of AI in online gambling.
  
• At what rate is the market projected to grow?
  The market is projected to grow at a CAGR of over 5% during 2020-2024.
  
• Who are the top players in the market?
  888 Holdings Plc, bet365 Group, Caesars Entertainment Corp., Camelot UK Lotteries Ltd., Flutter Entertainment Plc, Galaxy Entertainment Group Ltd., INTRALOT SA, Las Vegas Sands Corp., MGM Resorts International, and William Hill Plc are the top players in the market.
  
• What are the key market drivers and challenges?
  The market is driven by the high penetration of smartphones. However, the ban on gambling advertisements might hamper growth.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 888 Holdings Plc, bet365 Group, Caesars Entertainment Corp., Camelot UK Lotteries Ltd., Flutter Entertainment Plc, Galaxy Entertainment Group Ltd., INTRALOT SA, Las Vegas Sands Corp., MGM Resorts International, and William Hill Plc are some of the major market participants. Although the high penetration of smartphones will offer immense growth opportunities, the ban on gambling advertisements is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this gambling market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Gambling Market 2020-2024: Segmentation

The Gambling Market is segmented as below:

• Type
  • Lottery
  • Betting
  • Casino
• Geographic Landscape
  • APAC
  • Europe
  • MEA
  • North America
  • South America
• Platform
  • Offline
  • Online

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Gambling Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The gambling market report covers the following areas:

• Gambling Market Size
• Gambling Market Trends
• Gambling Market Industry Analysis

This study identifies the use of AI in online gambling as one of the prime reasons driving the Gambling Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Gambling Market Statistics Today

Gambling Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist gambling market growth during the next five years
• Estimation of the gambling market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the gambling market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of gambling market vendors

Table of Contents:

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem
• Value chain analysis

Gambling Market Statistics 2020

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Type

• Market segments
• Comparison by Type placement
• Lottery - Market size and forecast 2019-2024
• Betting - Market size and forecast 2019-2024
• Casino - Market size and forecast 2019-2024
• Market opportunity by Type

Market Segmentation by Platform

• Market segments
• Comparison by Platform placement
• Offline - Market size and forecast 2019-2024
• Online - Market size and forecast 2019-2024
• Market opportunity by Platform

Customer landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Drivers, Challenges, and Trends

• Market drivers
• Volume driver - Demand led growth
• Volume driver - Supply led growth
• Volume driver - External factors
• Volume driver - Demand shift in adjacent markets
• Price driver - Inflation
• Price driver - Shift from lower to higher-priced units
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• 888 Holdings Plc
• bet365 Group
• Caesars Entertainment Corp.
• Camelot UK Lotteries Ltd.
• Flutter Entertainment Plc
• Galaxy Entertainment Group Ltd.
• INTRALOT SA
• Las Vegas Sands Corp.
• MGM Resorts International
• William Hill Plc

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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