Gambling is a popular pastime around the world, but it is also a big industry that generates significant revenue for governments and private companies. Let’s take a look at some of the gambling statistics from around the world.
According to a report by the IMARC Group, the global online gambling market size reached US$79.8 billion in 2022. The report also predicts that the market will reach US$133.9 billion by 2028, exhibiting a growth rate (CAGR) of 8.5% during 2023-2028 .
In Australia, the government has raked in nearly 6.6 billion Australian dollars in the financial year 2019 from gambling revenue, according to Statista . The revenue from gaming in Australia has increased by more than 1.5 billion dollars since the financial year 2010, as reported by Statista.
In the United States, the American Gaming Association (AGA) reported that the commercial casino industry generated $43.6 billion in gaming revenue in 2019. This marked a 3.7% increase compared to the previous year .
The gambling industry is not only limited to land-based casinos and online platforms, but it also includes sports betting. In the United States, for instance, the Action Network provides public betting percentages on today’s biggest sporting events to see which teams might be overvalued and undervalued by bettors . Moreover, Kambi and iGB have joined forces to provide the March Madness Odds Tracker, which provides information on the most likely winners, the most popular wagers, some interesting historical data about March Madness, and much more .
In conclusion, gambling is a significant industry that generates substantial revenue globally.
These statistics show that the gambling industry will continue to grow in the coming years, as more people embrace the convenience of online platforms and the excitement of sports betting. However, it is essential to ensure that responsible gambling practices are put in place to prevent addiction and harm.