“REEVO teams up with Pariplay for expanded content!”,

The global gambling market has experienced significant growth, with a compound annual growth rate (CAGR) of 56.4%, from $449.04 billion in 2022 to $702.45 billion in 2023. The market is expected to continue growing, reaching $765.89 billion by 2027, at a CAGR of 2.2%. Major companies operating in the gambling market include China Sports Lottery, China Welfare Lottery, Sociedad Estatal Loterias y Apuestas del Estado S.A., Flutter Entertainment plc, Maruhan, The Hong Kong Jockey Club, Tabcorp Holdings Ltd., Penn National Gaming, Inc., Caesars Entertainment Corporation, and LAS VEGAS SANDS CORP.

The gambling industry includes various types of games, such as casino lotteries, sports betting, and other forms of gambling. Branded slots are increasingly popular in the gambling industry, featuring popular movies, TV shows, or books, drawing customers towards trying slot games revolving around their favorite characters. The Asia-Pacific region is currently the largest market for gambling, with Eastern Europe expected to experience the fastest growth in the forecast period. The countries covered in the gambling market report include Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam.

The report highlights changing consumer gambling habits, with the increasing popularity of gambling apps and social gambling expected to drive market growth. The social casino market grew at a CAGR of 5%, reaching $4.64 billion in 2020. The increasing adoption of mobile devices and internet penetration are expected to drive the demand for online gambling, further fueling market growth.