Gambling Market Size in the UK to Grow by USD 2.83 billion, Growth of the Online Gambling Market to Boost Market Growth – Technavio – Yahoo Finance

NEW YORK, Sept. 20, 2022 /PRNewswire/ -- The "Gambling Market in the UK Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026" report has been added to Technavio's offering. The potential growth difference for the gambling market size in the UK between 2021 and 2026 is USD 2.83 billion. To get the exact CAGR and the Y-O-Y growth rate, Request a FREE PDF Sample Report

Technavio has announced its latest market research report titled Gambling Market in UK 2022-2026

Key Market Dynamics

Market Driver: The growth of the online gambling market is driving the growth of the market.The UK dominates online platforms of gambling owing to limited restrictions. Hence, the continued growth of online gambling at the expense of conventional gambling operations will drive the gambling market in the UK during the forecast period.

Market Challenge: The increased exposure of children to online gambling is challenging the growth of the market. Certain websites use cartoon characters to attract children and bet on games such as Jungle Book, Top Cat, Peter Pan, and Goldilocks. Hence, the government has restricted gambling ads that normalize betting among children. Moreover, there have been concerns about the presence of such ads during televised sports. Such factors may limit the market growth in the coming years.

Technavio has identified key trends, drivers, and challenges in the market, which will help vendors improve their strategies to stay ahead of their competitors. View our FREE PDF Sample Report

Market Segmentation

The gambling market in the UK is segmented by type (betting, lottery, and casino) and platform (offline and online).By platform, the offline segment will be the largest contributor to market growth during the forecast period. The brick-and-mortar forms of casinos in the UK are revolutionizing their offerings to sustain in the market, which will drive market growth during the forecast period.

View our FREE PDF Sample Reportfor additional insights into the contribution of all the segments and regional opportunities in the report.

Vendor Landscape

The gambling market in the UK is fragmented. Vendors are deploying growth strategies such as technological innovations to compete in the market. The market is highly competitive, with the presence of well-established online and offline vendors. The vendors compete on the basis of product portfolio, prize money, pricing, application availability, credibility, varieties, and payment options, along with increasing technological advances. They are also investing in planning, developing, designing, acquiring new players, and expanding existing facilities. During the forecast period, the competition among vendors is expected to intensify. In addition, technological advances in terms of VR and AI will intensify the competition further among vendors. Moreover, vendors must be aware of emerging games and trends, licensing procedures and policies, and advances in technologies that could influence service lines to sustain in the competitive market. The gambling market in the UK is expected to witness rapid growth during the forecast period, with large vendors acquiring smaller online vendors.

Story continues

Some Companies Mentioned

888 Holdings Plc

Ballys Corp.

Bet365 Group Ltd.

Betfred Group Ltd.

Betsson AB

Caesars Entertainment Inc.

Camelot UK Lotteries Ltd.

Casino Del Sol

Delta Corp Ltd.

Entain Plc

Evolution AB

Fantasy Springs Resort Casino

Flutter Entertainment Plc

Kindred Group Plc

NetBet Enterprises Ltd.

Rank Group Plc

Scientific Games Corp.

Simba Games

Sky Betting and Gaming

Station Casinos LLC

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Gambling Market In UK Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 5.25%

Market growth 2022-2026

USD 2.83 billion

Market structure

Fragmented

YoY growth (%)

5.83

Regional analysis

UK

Performing market contribution

UK at 100%

Key consumer countries

UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

888 Holdings Plc, Ballys Corp., Bet365 Group Ltd., Betfred Group Ltd., Betsson AB, Caesars Entertainment Inc., Camelot UK Lotteries Ltd., Casino Del Sol, Delta Corp Ltd., Entain Plc, Evolution AB, Fantasy Springs Resort Casino, Flutter Entertainment Plc, Kindred Group Plc, NetBet Enterprises Ltd., Rank Group Plc, Scientific Games Corp., Simba Games, Sky Betting and Gaming, and Station Casinos LLC

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse Consumer DiscretionaryMarket Reports

Key Topics Covered

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Platform

6 Market Segmentation by Type

7 Customer Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email:media@technavio.comWebsite:www.technavio.com/

Gambling Market in UK 2022-2026

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Gambling Market Size in the UK to Grow by USD 2.83 billion, Growth of the Online Gambling Market to Boost Market Growth - Technavio - Yahoo Finance