Unemployment and reduced consumer discretionary income also remain key challenges to a speedy recovery. Given that tourists and locals are key revenue contributors for brick and mortar casinos, revenues plummeted significantly. Market is Estimated at $267.5 Billion in 2022, While Asia-Pacific is Forecast to Reach $322.4 Billion by 2026 After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Betting segment is readjusted to a revised 4.4% CAGR for the next 7-year period. Lottery, one of the segments analyzed in the report, is projected to record a 2.8% CAGR and reach US$372.6 Billion by the end of the analysis period. Smart devices available on the market allow users to access comprehensive spectrum of mobile gambling games on the go. As a large number of people spending more time on mobile devices, remote gambling developers and platforms are using the option to expand their customer base. The popularity of gambling in the country can be put into perspective by the fact that over 80% of American adults gamble at least once in their lifetime. The global market for Gambling estimated at US$747.9 Billion in year 2022, is projected to reach a revised size of US$876 Billion by 2026, growing at a CAGR of 3.6% over the analysis period. Global Gambling Market to Reach $876 Billion by 2026 The “Gambling – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets’ offering.
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