China allows only Macao and Hong Kong to be legal places for gambling and casinos, whereas gambling is legal in almost all U.S. In the U.S., gambling laws are flexible as compared to those in China. and China are two of the biggest gambling countries in the world. Additionally, South America and Eastern Europe will grow at compound annual growth rates of 8.3% and 1.7%, respectively.Ĭasino locations massively depend on gambling laws and tax rates. It is anticipated that North America and Western Europe will experience the fastest growth over the forecasted period, with projected compound annual growth rates of 32.2% and 22.8%, respectively. North America, Western Europe and other regions followed the APAC region. The Asia Pacific was the leading region in the gambling market, accounting for 32.4% of the revenue of the global market in 2022. The Global Gambling Industry: An AnalysisĪccording to a report by Research and Markets, the global gambling industry was valued at $449 billion in 2022, and is projected to grow at a compound annual growth rate of 6.6%, reaching a valuation of $847.5 billion by 2032. The global economy is slowly adjusting to the aftereffects of the pandemic, and gamblers and tourists are returning to gambling hubs such as Las Vegas and Macao. After a devastating period during the COVID-19 pandemic, the casino industry has shown great signs of recovery.
