- European Online Gambling Market Size
- Online Gambling Market Size Europe Map
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Gambling Market Research Reports, Analysis & Trends
Gambling industry comprises establishments that operate by providing and rendering gambling facilities or offer gaming activities which includes casinos, casino resorts and hotels, bingo halls, lotteries, and off-track betting. This industry consists of gambling facilities that offer table wagering games and other gambling activities, such as slot machines and sports betting.
European Online Gambling Market Size
These establishments often provide food, beverage and lodging services. The industry also includes legal online gaming on casino-type game. According to the National Conference of State Legislatures, the gaming operators mainly provide a place or a means to play games of chance, where the odds of winning favor the house. Popular casino games are slot machines (slots); video poker; and table games such as roulette, baccarat, blackjack, and craps (dice). The house take on slot machines varies, depending upon the denomination of the slot machine, but generally runs between 5% and 10%. The take on most table games may be higher, from 15-30%. State lottery games are mainly numbers games. State lotteries often retain between 30% and 40% of all money bet.
The global online gambling sector generated revenue of almost $30 billion in 2010, having recorded yearly growth of almost 14% for the four preceding years, according to MarketLine. The casino and gaming industry in the US generated almost $89 billion in 2010, having recorded yearly growth of almost 1% for the four preceding years, reports MarketLine. Market growth is expected to accelerate to a yearly rate of 5% between 2010 and 2015 to exceed $111 billion. Casinos represented the leading market segment in terms of revenue in 2010, worth over $30 billion or more than 34% of the overall market.
Current Trends in Gambling Market
Demand for gambling is driven by consumer income growth and state spending. The profitability of individual companies depends on efficient operations and effective marketing. Large operators have the financial resources to make significant investments in facilities and efficient computer operations; they may also enjoy cross-marketing opportunities. Small gambling facilities can thrive by catering to local residents, who may not be able to afford travel to such gambling centers as Las Vegas or Atlantic City. The US industry is concentrated: the top 50 gaming companies hold about 60% of the market. The casino hotel market is even more concentrated, with the top 50 US firms holding 90% of the market.
According to MarketLine, the global gambling market for casinos and gaming recorded almost 8% expansion in 2010 to reach close to $382 billion. The industry is forecast to exceed 3% growth in the five-year period ending 2015 to total nearly $513 billion. Lotteries represent the leading segment of the global casino and gaming industry, generating more than 29% of market value. Gaming revenue varies greatly depending on each region, with certain nations putting a ban on gambling while others allow it. The global gambling industry is dominated by developed nations, with the US, the EU and Japan combined accounting for close to 70% of the overall market. The gambling sector is expected to record significant growth in emerging markets like Asia and Latin America over the coming years. Technology will continue to play a pivotal role in developing the global gambling industry, with internet gaming and mobile gaming reaching an ever-expanding customer base.
Online Gambling Market Size Europe Map
Major Gambling Industry Players
Major players in the gambling industry include Caesars Entertainment, Las Vegas Sands, MGM Resorts, GTECH, Galaxy Entertainment, SJM Holdings, Tatts Group, and William Hill.
Market Research Report Summary
Online Gambling in Europe report is published on February 17, 2016 and has 33 pages in it. This market research report provides information about Gambling, Country Overview (Travel & Leisure), Travel & Leisure industry. It covers Europe regional market data and forecasts. It is priced starting at USD 350.00 for Single User License (PDF) which allows one person to use this report.
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