THE MARKET IN NUMBERS
Gambling Figures And Statistics
With its unique combination of risk, excitement and potential financial gain, games of chance are blessed with eternal appeal.
Modern trends, the development of the entertainment industry, income growth in developing countries and the adoption of massive mobile devices have a positive effect on the gambling industry, both traditional and online.
The global Igaming and gambling market is currently experiencing rapid growth. The Igaming industry has grown at a CAGR of 9% in the past seven years, which is 3 times faster than global GDP. It was worth $ 41.77 billion in 2016, followed by $ 47.11 billion in 2017 and expected to reach $ 59.79 billion by the end of 2021.
The forecasts for the global online casino market show that the market will experience growth of approximately 130% to $ 97 billion between 2017-2025.
The online gambling industry shows an impressive growth rate compared to the already impressive traditional Igaming growth rates. These high growth rates can be explained by the advantages that online companies have over traditional ones.
Online casinos and sports betting sites have much lower operating and transaction costs than traditional Igaming establishments. Running an online Igaming business means accessing a global audience, which is an easy and cost effective way to attract new customers.