Sports betting market expected to reach $8 billion by 2025

the global gambling industry worth billions

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LONDON, Sept. 18, 2018 /PRNewswire/ -- The global gambling market is expected to reach revenues of over $525 billion by 2023, growing at a CAGR of approximately 4% during 2017-2023. NEW YORK (AP) — Investors and sports betting companies are running up the score when it comes to sports betting, predicting the fast-growing industry will be a $7 billion to $8 billion business Online Gambling Market Worth $102.97 Billion by 2025 | CAGR: 11.5%: Grand View Research, Inc. PR Newswire SAN FRANCISCO, Aug. 27, 2019 SAN FRANCISCO, Aug. 27, 2019 /PRNewswire/ -- The global Global Gambling Industry: The House Always Wins. However, the unregulated sportsbetting market in Asia means the industry as a whole could well be worth many billions more. Illegal betting SEATTLE, Feb. 28, 2019 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, global online gambling and betting market was valued at US$ 46.9 billion in 2017 and is projected to exhibit a The global gaming market is forecast to worth $256.97 billion by 2025. (Source: Mordor Intelligence) Back in 2019, this figure was around $151.55 billion. Gaming industry stats show that the industry is forecast to grow at a rate of 9.17% from 2020 to 2025. 2. The video games market could be worth over $90 billion by the end of 2020. (Source Global online gaming market represents one of the fastest growing segments of the gambling industry. Despite the regional and country wise restrictions, in 2018 the market already produced more than US$ 48.9 Bn in worldwide revenue and is projected to grow to over US$ 134.5 Bn by 2027. The statistic depicts the gross gaming yield from the global gambling market from 2001 to 2015 with projected or forecasted figures for 2016 to 2019. This is why the global gambling industry is worth more than $440 billion, with the potential to reach nearly $650 billion in 2027 on a CAGR of 5.6%. Lottery alone is estimated to be worth over Gambling on football is a huge and growing global industry worth billions of pounds per year.

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the global gambling industry worth billions

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