- Gambling Market In The Us Statistics
- Gambling Market Statistics Today
- Gambling Market Statistics 2020
- Gambling Market Statistics Definition
- Gambling Market Statistics 2019
LONDON--(BUSINESS WIRE)--The gambling market size is expected to post a CAGR of close to 5% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
- This report studies the Gambling market size by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's.
- Find industry analysis, statistics, trends, data and forecasts on Gambling & Betting Activities in the UK 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.
The high penetration of smartphones is one of the major reasons for market growth. The number of smartphone users is expected to cross 3.6 billion by 2023. This increase in smartphone penetration is attributed to the declining average selling price (ASP) of smartphones and developments in communication network infrastructure. Moreover, users are rapidly shifting from desktop to mobile devices for playing casino games. Smartphones are becoming one of the major platforms for online gambling as they provide ease of access to casino games and e-sports betting.
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As per Technavio, the use of AI in online gambling will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Market-trend-based strategies for the gambling market include adoption of advanced security measures for online gambling, investments in mobile gambling, investments in branded slot games and gambling apps for smart watches, and the use of large-format slot machines and big data analytics.
Texas holdem poker download full version free. Gambling Market: Use of AI in Online Gambling
Enterprises across various industries are implementing AI solutions to improve their business processes. Gambling operators are also incorporating AI technology into their online gambling websites to improve user experience. Land-based casino operators are using AI to analyze the risk appetite behavior of the users, find the most lucrative player, and predict the winners and losers during casino games. This helps in making the decision to provide incentives and freebies to users. Thus, the increasing use of AI is expected to drive market growth during the forecast period.
'Apart from the use of AI in online gambling, other factors such as the use of bitcoins in gambling, and the growing number of mergers and acquisitions will have a positive impact on the gambling market growth during the forecast period,' says a senior analyst at Technavio.
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Gambling Market: Segmentation Analysis
This market research report segments thegambling marketby platform (offline gambling, and online gambling), type (lottery, betting, and casino), and geography (APAC, EMEA, North America, and South America).
The North American region led the market in 2018, followed by APAC, EMEA, and South America respectively. The growth of the gambling market share in North America can be attributed to factors such as the increasing demand for offline and online gambling games, rise in the number of mobile application platforms, and the increase in casinos, sports betting, online lottery, and online horse betting.
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Gambling Market In The Us Statistics
Best slots on william hill casino. Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Gambling Market Statistics Today
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With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Gambling Industry Statistics and Trends
The United States gambling industry is valued at $37.34 billion in 2012. This has increased approximately $10 billion in the last decade. The following statistics capture the demographics and overall gambling industry.
Gambling Industry Employment
1. Casinos employ more than 1 million nationwide.
2. Casino gaming equipment employ an additional 363,000 people.
3. In the last 22 years, the casino workforce has increased more than 67%.
4. Casino employees earn $13.2 billion in wages each year.
5. Casino employees lowers local community assistance programs and needs while increasing the sales of homes, cars, and appliances.
6. More than 85% of the nations gaming employees are satisfied with their job.
7. 83% of surveyed industry employees would recommend the gaming industry for employment.
8. Nearly half of employees plan on working the gaming industry for another 10 years.
9. Casino employees account for 20.6 of minority employment in the national US workforce.
10. $38 billion was paid in local, state and federal taxes by U.S. casinos in gambling fees, property taxes, income taxes and more.
The Online Gambling Industry
The below video outlines a discussion on the growth potential that online gambling has seen. This may soon required that companies obliged by certain standards and responsibilities within the overall gaming industry.
Gambling and Vegas
Gambling Market Statistics 2020
The gambling industry is the biggest when it comes to Las Vegas. The following statistics outline gambling facts and statistics when it comes to this Sin City.
1. 87% of the people who visit Las Vegas gamble.
2. The average gambling budget was $580.90.
3. The average gambler spend 4 hours per day gambling.
4. 68% of people who gambled played the slot machines.
5. Almost 30 million travelers visit Las Vegas.
6. The largest percentage of travelers to Vegas were 65 and up.
7. 35% of visitors earned a high school diploma. 26% graduated from college.
8. Las Vegas has over 100,000 hotel rooms while New York City has over 60,000.
9. Several decades ago only 2 states had legal gambling and 48 states outlawed it. As of today, 48 states have some form of legal gambling and only Hawaii and Utah do not.
10. Gambling generates more revenue then movies, sports, theme parks, cruise ships, and recorded music combined.
11. Las Vegas was considered the fastest growing city in the United States.
12. Gambling interests have contributed $4.5 million to political parties and candidates since 1991.
13. The California State Employee's Retirement fund, US Steel's pension fund, and Harvard University's endowment have all owned stock in gambling companies.
14. The fastest growing industry in the world is Indian gambling with over 150 Indian casinos in the United States.
15. Indian gambling is a $27 billion a year business in the United States.
2015 Estimated Gaming Industry Outlook
It is expected that the gaming industry will see a 5% rise in annual growth in the next three years growing to be valued at over $70 billion. Nevada is considered to be the gaming capital in America accounting for one fifth of the overall entire market and industry.
Gambling Market Statistics Definition
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Gambling Market Statistics 2019
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