Driving this growth are trends such as branded slots. This will lend the sector a final value of $145 billion. Speaking of which, another research report, this time from Custom Market Insights, estimates that the online global gambling market sat at $58.2 billion last year, and it will grow at a CAGR of 12% between 20. Recovery from the coronavirus pandemic is naturally expected to drive this growth, but there are other factors as well such as branded slots and the continued penetration of the Internet.
From then until 2026, the research firm expects the industry to grow at a CAGR of 16.5% and be worth $840 billion by the end of the forecast period.
The industry itself was worth $287 billion in 2021 and it will grow at a compounded annual growth rate (CAGR) of a whopping 58.9% by the end of this year to stand at $457 billion, believes The Business Research Company.
Gambling is one of the oldest industries in the world since it exists simply due to the human nature of taking chances for big returns.
