Global Casino Market Gross Gaming Yield
13, 2020 /PRNewswire/ - The 'United States Online Gambling Market- Growth, Trends and Forecasts (2020-2025)' report has been added to ResearchAndMarkets.com's offering. With annual gambling revenues of more than $13 billion, Macau is the largest casino gambling jurisdiction in the world. Development: While gambling in Macau dates back to the Portuguese colony's founding in the 16th century, the current regime of legal casino gaming has been in place since 2002. In 1847, the enclave's governor. Mobility is everything and mobile gaming apps are generating some eye-popping revenues. A recent article (discussing a market research report) projected that: 'The global gambling market is. In 2015 annual gross-gaming yield for the online bingo industry from UK customers along £128.64 million, or 3% of the entire online gambling market share. In 2015 annual gross-gaming yield for.
The research firm concluded that global casino revenues have nearly tripled since 2001. Commercial gross gaming revenue (GGR) totaled $130 billion in 2019, Catena concluded. That number was $50.
Don’t expect gambling do die out any time soon. In fact, you can expect it to continue growing since an industry report cites that global gambling revenue should hit $525 billion by 2019.
The report, the tenth edition of Global Gambling Report, explains that global gambling yield (stake taken minus winnings paid out) grew by 3.2% to $453 billion this past year. This is a better improvement than 2013, when global gambling grew by 1.1%.
The steady growth of gaming is a huge reason why Global Gambling Report expects the industry to grow by over $70 million within the next five years. What’s interesting is that the organization also expects global gaming to decrease by 1% in 2015, due to the struggles of Macau – the world’s largest casino destination. This slight fall should quickly change, though, with 4.1% gambling growth in 2016.
Currently, Asia dominates the largest share of world casino gaming, taking in 33% of global gambling revenue. So when this region struggles (namely Macau), so does the entire gambling economy.
GBGC chief executive Warwick Bartlett explained what’s currently going on in Macau and the industry as a whole by telling CNBC the following:
“A combination of higher taxes and the sluggish global economy plus the decline in revenues in Macau will have a detrimental effect on the global gross gaming yield. This is only partly offset by higher Internet penetration and the use of smart devices (tablets and phones) to access Internet gambling websites. The industry really needs federal legislation in the US for casino gambling, but that is a long way off.”
While there may be some factors dragging down global gambling revenue, such as Macau and a lack of federal iGaming legislation in the U.S., signs are still encouraging overall. This is especially the case when one considers that the entire market has essentially doubled since 2001. And as Bartlett points out, this growth has come despite the Great Recession of 2008/’09 in America.
Global Casino Market Gross Gaming Yield Funds
Global Casino Market Gross Gaming Yield Chart
Assuming Macau can rebound from its current difficulties, which have arisen during a Chinese government crackdown on political corruption and money laundering, then gaming revenue should definitely come closer to meeting the predictions set forth by the Global Gaming Report. But for the immediate future, it looks like a slight fall is expected by the end of this year.