The Global Gambling Industry is getting bigger every year and is one of the fastest growing industries in the world. According to the latest gambling study, the Global Gambling Industry will be worth $565 Billion by 2022. Thus, this latest study by The Business Research Company is much higher than previous predictions by other study groups.
According to the study, the information comes from data from all regions of the world. In addition, the gambling data comes from various forecasts such as historical, current market behavior, market shares and GDP proportions.
The Sports Betting Industry is growing at an incredible rate
The Global Gambling Industry will be worth $565 Billion because of several factors. One of the largest impacts for the growth is the legalization of sports wagering in the U.S. This is because sport betting is one area that will have the fastest growth in the next two years. Furthermore, the television industry is heavily investing in sports betting which will increase the overall gambling growth in the U.S.
The report partitions the worldwide betting business sector into 4 divisions. They are Lotteries, sports wagering, online casinos, and others. The Lottery segment has been distinguished as the greatest area of all, making up 46.1% of the business in general. The report gauges that in spite of the blasting prominence of online gambling, land-based or disconnected betting is as yet the biggest giver as far as income to the worldwide gambling club industry.
Concerning the games wagering division, disconnected games wagering comprises for about 65.7% of all out games wagering income.
Despite the large growth in the sports betting industry from the U.S., Asia makes up the largest growth share. This is because they make up 32.7% of the total global gambling market. In addition, according to sports betting news, Japan is taking a large role in the growth of gambling in Asia. This is because of the recent Resort Bill which will integrate gambling with the global adult amusement market.
