5/27/2020 Industry GGY 1 1/ 1 Gambling Industr y Over view G ro s s g a m b l i n g y i e l d During the period October 2018 to September 2019, the r egulated gambling industr y in Great Britain generated a gross gambling yield (GGY) or equivalent* of £14.3bn, a 0.5% decrease The global online gambling market size is expected to reach USD 127.3 billion by 2027. Increasing usage of smartphones as a medium of gambling, rising internet penetration, easy access to gambling, and corporate endorsements are some of the major growth factors Online Gambling Statistics. What’s immediately apparent is the astounding value of the casino industry in 2017, with it’s predicted value set to reach $635 billion in the coming years. Home / Casino Statistics World Casino Directory Global Gaming Summary 2019 We've been following global gambling trends worldwide for nearly two decades here, and one observation we can make from the numbers over the years is that gambling is a very important industry with no end in sight to its growth. Here under are some of the top gambling and gaming trends for online and real casinos in 2021 and the top statistics which may impact the entire casino industry: Crypto Set to Dominate Around the Gambling World. Cryptocurrencies will continue to dominate the gambling industry with many online platforms accepting the crytpo this year. The online gambling industry is expected to witness high growth during the COVID-19 pandemic. Stringent restrictions on people’s movement and closure of land-based casino operations are anticipated to have a positive impact on the market revenue. The players are shifting to online gambling and signing up to their favorite online casino sites. Many online casino sites found new subscribers, while the regular players also made it a point to play online, marking a paradigm shift in the way the traditional gambling industry used to function. Legal online gaming on casino-style games is also a part of this industry. In 2020, the market size of the global casinos and online gambling industry reached 227 billion U.S. dollars. This statistic shows the global online gambling market size from 2009 to 2024 . The current size of the market is almost 46 billion U.S. dollars, meaning the size is forecast to double in the Find industry analysis, statistics, trends, data and forecasts on Global Casinos & Online Gambling from IBISWorld. Get up to speed on any industry with comprehensive intelligence that is easy to read. Banks, consultants, sales & marketing teams, accountants and students all find value in IBISWorld.
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