The global betting and gaming Market has great prospects to grow with changing government policies which remove certain restrictions from the market and allows players to participate under legal terms. The present report discusses global gaming, lottery, and betting market and gives an insight into the online gambling sector by product group and by geography. It also discusses the gaming machine market and online lottery market. In the United States, the gambling sector is very vast with growing income levels (which has reduced temporary) and rising spending capacity. Discussion of the Canadian gambling sector is also a part of the report which helps to analyze future opportunities.
With the introduction of the National Lottery in 1994, gambling became socially acceptable in the UK. Also in 2007, the Gambling Act was passed which has stimulated further demand. The global gaming market has been driven by the liberalization of gaming in the EU and Australia and the legalization of gaming in Asia. Also, privatizations supported the market.
In the United States, Casino accounts for a strong percentage in the market, of which ~% of casino revenue derives from slot machines. In 2008, despite the negative economic conditions (the Italian GDP declined 0.5% in 2008), the Italian gambling market did not show any decline; it instead increased ~% YoY, with total wagers collection of US$~bn.
The gaming the market is expected to grow at a CAGR of ~% year on year basis from 2007 2012… It is also expected bingo & casino would show the maximum growth. The online gaming sector market will grow with rising internet users worldwide.
Asia is offering many opportunities and strong potential for the gambling market. Macao is the leading gambling jurisdiction in Asia, representing more than 50% of this regional market. This market is expected to continue growing, led by increasing global recognition and the construction of new casinos. Singapore counts among the highest gross gaming revenue/GDP with a market worth US$~ billion. HongKong’s lottery market is developed than China, generated US$~ billion of revenues from July 2008 to June 2009 compared to US$~ billion in China.
Sports betting has a great influence over the betting and gambling industry in Spain, which represents US$~ million of the market, which would imply an average expenditure per inhabitant. The gambling sector in Great Britain offers substantial opportunities with a turnover of over US$~billion in 2006/07.
The report covers the global gaming and lottery industry with a detailed discussion of market and opportunities in the United States (Canada), European Union (United Kingdom, Germany, Great Britain, and Spain), Italy and Asia (China, India, Singapore, HongKong).
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Ankur Gupta, Head Marketing & Communications