Gambling And Entertainment Market Report 2025 (Global Edition)

Global Gambling And Entertainment Market Report 2025 Market Size Split by Type of Gambling (Casino Gambling, Land-Based Casinos, Online Casinos, Sports Betting, Online Sports Betting, Offline Sports B...

Gambling And Entertainment Market Report Description

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Gambling And Entertainment Market Insights Video

Competitive Landscape of the Gambling and Entertainment Market

To expand their line of business and solidify their place in the market, a number of industry participants are employing acquisition tactics. Furthermore, among the main techniques used by businesses are partnerships and collaborations. To introduce cutting-edge products and technologies to the gambling and entertainment market, major players in the industry are investing in research and development.

August 2021: As per the agreement signed, Golden Nugget Online Gaming Inc. and DraftKings Inc. will be acquired by DraftKings in an all-stock deal. As a consequence of the transaction, DraftKings was able to utilize Golden Nugget's well-known brand, iGaming product knowledge, and combined database of over 5 million customers. (Source: https://draftkings.gcs-web.com/news-releases/news-release-details/draftkings-reaches-agreement-acquire-golden-nugget-online-gaming ) July 2021: FanDuel Casino has been introduced in New Jersey and Michigan by the FanDuel Group, which Flutter Entertainment PLC owns. FanDuel Casino now offers live dealer baccarat, roulette, and blackjack for its patrons. (Source: https://www.flutter.com/news-and-insights/press-releases/fanduel-casino-launches-standalone-product-in-new-jersey-adds-live-dealer-game-in-michigan/ ) March 2021: BetMGM of Entain PLC and Audacy, the industry leader in gaming and sports betting (previously Entercom Communications Corp.), announced a multi-year deal. As a result of this deal, BetMGM will be Audacy's preferred sports betting partner on all of its top-notch sports broadcast stations, as well as on the "BetQL Audio Network," Audacy and Bet QL apps and digital platforms. (Source: https://audacyinc.com/press/audacy-and-betmgm-announce-multiyear-strategic-partnership/ )

Top Companies Market Share in Gambling And Entertainment Industry: (In no particular order of Rank)

• Las Vegas Sands (U.S.)
• MGM Resorts (U.S.)
• Caesars Entertainment (U.S.)
• Galaxy Entertainment (Hong Kong)
• Wynn Resorts (U.S.)
• Melco Resorts & Entertainment (Hong Kong)
• Penn National Gaming (U.S.)
• SJM Holdings (Hong Kong)
• Boyd Gaming (U.S.)
• Genting Group (Malaysia)
• Crown Resorts (Australia)
• bet365 (U.K.)
• Flutter Entertainment (Ireland)
• William Hill (U.K.)
• Kindred Group (Malta)
• 888 Holdings (Gibraltar)
• Betsson AB (Sweden)
• Entain plc (Isle of Man)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Gambling and Entertainment Market

Which Region Dominates the Gambling and Entertainment Market in 2024?

According to Cognitive Market Research, North America currently dominates the Gambling and Entertainment market, and the region is expected to have significant growth during the projected period driven by the continued state-by-state legalization of internet gambling and sports betting. Following the Supreme Court's 2018 ruling to overturn the federal ban on sports betting, many states have taken steps to legalize and regulate the industry, which has increased revenue for this particular market. The emergence of online and mobile platforms has also changed the gaming scene by making it easier for users to interact with bookmakers and casinos.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The market is expanding due to rising disposable incomes and changing customer preferences for entertainment and leisure. The proliferation of smartphones and increased internet accessibility are two more factors fueling the local mobile gaming industry's growth. It is projected that the gaming market in Asia Pacific will continue to expand as more investments are made in infrastructure and technology and as favorable laws are put into place.

The current report Scope analyzes Gambling And Entertainment Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Gambling And Entertainment

According to Cognitive Market Research, the global Gambling and Entertainment market size was estimated at USD 555142.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 222056.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Gambling and Entertainment market with a market size of USD 175202.88 million in 2024 and is projected to grow at a CAGR of 2.0% during the forecast period because of the growing propensity for gambling as well as elements like the accessibility of inexpensive smartphone applications and growing digitization.
• The Canada Gambling and Entertainment market had a market share of USD 26646.83 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period ascribed to gambling's legalization.
• The Mexico Gambling and Entertainment market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 20207.8 million in 2024.

Europe Gambling And Entertainment

According to Cognitive Market Research, the global Gambling and Entertainment market size was estimated at USD 555142.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 166542.66 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031.

• The United Kingdom Gambling and Entertainment market had a market share of USD 27979.17 million in 2024 and is projected to grow at a CAGR of 3.3% during the forecast period because of the rise in the usage of internet services and the easing of laws pertaining to online gambling.
• The France Gambling and Entertainment market is projected to witness growth at a CAGR of 1.7% during the forecast period, with a market size of USD 15321.92 million in 2024.
• According to Cognitive Market Research, the German Gambling and Entertainment market size was valued at USD 32975.45 million in 2024 and is projected to grow at a CAGR of 2.7% during the forecast period owing to a rise in the amount spent on leisure time and the rapid economic expansion.
• The Italy Gambling and Entertainment market is projected to witness growth at a CAGR of 1.9% during the forecast period, with a market size of USD 14322.67 million in 2024.
• The Russia Gambling and Entertainment market is projected to witness growth at a CAGR of 1.5% during the forecast period, with a market size of USD 25814.11 million in 2024.
• The Spain Gambling and Entertainment market is projected to witness growth at a CAGR of 1.6% during the forecast period with a market size of USD 13656.50 million in 2024
• The Luxembourg Gambling and Entertainment market is projected to witness growth at a CAGR of 2.6% during the forecast period, with a market size of USD 5162.82 million in 2024.
• The Portugal Gambling and Entertainment market is projected to witness growth at a CAGR of 2.3% during the forecast period, with a market size of USD 3497.40 million in 2024.
• The Greece Gambling and Entertainment market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 1998.51 million in 2024.
• The Rest of Europe's Gambling and Entertainment market is projected to witness growth at a CAGR of 1.2% during the forecast period, with a market size of USD 25814.11 million in 2024.

Asia Pacific Gambling And Entertainment

According to Cognitive Market Research, the global Gambling and Entertainment market size was estimated at USD 555142.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 127682.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Gambling and Entertainment market size was valued at USD 57457.22 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period due to factors including the availability of low-cost smartphone applications and the increasing digitization of society, in addition to the growing inclination for gambling.
• The Japan Gambling and Entertainment market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 17620.21 million in 2024.
• The India Gambling and Entertainment market had a market share of USD 15321.92 million in 2024 and is projected to grow at a CAGR of 7.8% during the forecast period attributed to the legalization of gaming. due to the expansion in the use of internet services and the relaxation of regulations surrounding online gaming.
• The South Korean Gambling and Entertainment market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 12768.27 million in 2024.
• The Australian Gambling and Entertainment market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 6639.50 million in 2024.
• The South East Asia Gambling and Entertainment market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 8810.11 million in 2024.
• The Rest of Asia Pacific Gambling and Entertainment market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 9065.47 million in 2024.

South America Gambling And Entertainment

According to Cognitive Market Research, the global Gambling and Entertainment market size was estimated at USD 555142.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 27757.11 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Gambling and Entertainment market size was valued at USD 11880.04 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period due to the fast economic growth and an increase in the amount spent on leisure.
• Argentina's Gambling and Entertainment market had a market share of USD 4663.19 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period because of things like the accessibility of inexpensive smartphone apps, the expanding digitization of society, and the increasing propensity for gambling. ascribed to gaming's legalization.
• Colombia Gambling and Entertainment market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 2470.38 million in 2024.
• Peru Gambling and Entertainment market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD 2276.08 million in 2024.
• Chile Gambling and Entertainment market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 1998.51 million in 2024.
• The Rest of Latin America's Gambling and Entertainment market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 4468.89 million in 2024.

Middle East Gambling And Entertainment

According to Cognitive Market Research, the global Gambling and Entertainment market size was estimated at USD 555142.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 11102.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031..

• The GCC Countries Gambling and Entertainment market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 4752.02 million in 2024 because to the rise in internet usage and the loosening of laws pertaining to online gaming.
• The Egypt Gambling and Entertainment market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 1165.80 million in 2024.
• The South Africa Gambling and Entertainment market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 1754.25 million in 2024 because of the rapid expansion of the economy and the rise in leisure spending.
• The Turkey Gambling and Entertainment market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 954.84 million in 2024.
• The Nigeria Gambling and Entertainment market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 1165.80 million in 2024.
• The Rest of the MEA Gambling and Entertainment market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 1310.14 million in 2024.

Gambling And Entertainment Market Analysis

Gambling and Entertainment Market Type of gambling Segment Analysis

According to Cognitive Market Research, casino gambling category is likely to dominate the Gambling and Entertainment Market over the forecast period because of the widespread appeal of casino gambling like virtual slot machines, blackjack, and more. The popularity of fast-paced casino games fuels this market. For instance, over 100 live and interactive casino gambling are available on the Lucky Block online casino website. Customers are also drawn to play the games smoothly by the customer service that is available.

The online sports betting is the fastest-growing segment in the Gambling and Entertainment Market. The proliferation of high-speed internet and smartphones has made it simpler for customers to interact with betting platforms from any location, which has increased demand. Furthermore, a wider range of consumers has been drawn in by the legalization of sports betting in numerous areas, namely in North America and portions of Europe. Technological developments like live betting and real-time data analytics have improved user experience and increased the attraction of online sports betting for both novice and expert gamblers.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Gambling And Entertainment Industry. Request a Free Sample PDF!

Gambling and Entertainment Market Distribution channel Segment Analysis

According to Cognitive Market Research, the offline segment holds the largest share of the market. A sizable portion of the business is still devoted to offline gambling, which includes brick-and-mortar casinos, sports books, and other physical establishments. Because of restrictions and lockdowns during the COVID-19 pandemic, offline gaming suffered a setback; however, as the restrictions have loosened, it has recovered. Many gamers still prefer the social and immersive atmosphere of live gaming in casinos and entertainment venues. The rise of the offline gaming market has also been assisted by the resurgence of the tourism and entertainment industries in important areas.

In the Gambling and Entertainment Market, the online has been expanding at a rapid pace because of the spread of smartphones, higher internet penetration, and technological developments. An increasing amount of people are using online platforms since they are convenient, accessible, and have a large selection of games. The popularity of online gambling has increased even more with the introduction of live streaming and the growth of digital payment options. Online gambling's expansion has also been aided by the opening of new markets brought about by the legalization of the activity in several jurisdictions.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Gambling And Entertainment Demographics Segment Analysis

Gambling and Entertainment Market Demographics Segment Analysis

According to Cognitive Market Research, the 35-44 Years segment holds the largest market share propelled by the increased use of online platforms and digitalization. This group has embraced sports betting, gaming applications, and internet gambling. They are typically tech-savvy and very active on digital media. This age group's increased engagement has been attributed to their rising desire for mobile-based entertainment as well as their usage of social media to promote gambling sites.

In the Gambling and Entertainment market, the rapidly growing sector is the 25-34 Years category driven by a desire for leisure activities that have a chance for financial reward along with excitement and a greater level of discretionary income. In addition, loyalty schemes and special deals from entertainment companies have worked well to draw in and keep consumers in this age range, which has helped them maintain their market share.

• Under 18 Years
• 18-24 Years
• 25-34 Years
• 35-44 Years
• 45 Years and Above

Gambling And Entertainment Gender Segment Analysis

Gambling and Entertainment Market Gender Segment Analysis

According to Cognitive Market Research, the male segment dominates the market. Males have dominated the gambling and entertainment market, making up a higher proportion of players in sports betting and online poker, among other industries. The growing popularity of digital platforms and mobile applications that satisfy their gaming tastes is a major factor contributing to the male category's continuous expansion.

Female is projected to be the fastest-growing segment in the Gambling and Entertainment market because online gaming platforms are becoming more and more popular and provide a greater selection of casual, social, and mobile games, such as bingo and slots. Plus, more women are playing both live and online poker thanks to focused marketing campaigns and the development of safer gaming settings.

• Male
• Female

Gambling And Entertainment Platform Segment Analysis

Gambling and Entertainment Market Platform Segment Analysis

According to Cognitive Market Research, the desktop segment dominates the market. In contrast to portable devices and other gadgets, the desktop has a sizable screen size that lets gamers appreciate the intricacies and visuals of the game. Additionally, better gambling is made possible by desktop computers' performance features, which include adjustable storage capacity, picture and audio quality, and picture quality. These elements have contributed to the desktop-type segment's expansion.

Mobile is projected to be the fastest-growing segment in the Gambling and Entertainment market. There is now more access to online gambling via mobile phones due to advanced technologies in smartphones that produce realistic game pictures. The industry is growing because mobile phones are widely available at reasonable costs and have contemporary features like better graphics and expandable storage.

• Mobile
• Desktop

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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