Global gambling revenues passed US$ 400 billion, according to the latest research undertaken by Global Betting and Gaming Consultants for its Global Gambling Report – Betting on Regulation.
GBGC’s provisional figures show that gambling activities generated US$ 419 billion in revenues across the world in 2011.This figure is an increase of 5.6% on the previous year.
In 2011 the world’s lotteries had the highest share of gambling revenues, accounting for 28.4% of the total. But the growth of casinos in jurisdictions likes Macau and Singapore means that commercial casinos (excluding US tribal gaming) are closing in on the lotteries with a share of 27.7%. GBGC forecasts that commercial casinos will overtake lotteries as the leading gambling activity in 2012.
“Of course, the global economic situation will be a major influence on gambling markets. If China’s economy does have a “crash landing” it is difficult to see Macau’s gaming growth rates being maintained. A strong economic recovery in the US would help gaming revenues that have been hit hard in recent years. In Europe, the gambling industry really needs the Eurozone crisis to be resolved because the uncertainty is really hurting the gambling sector in the likes of Greece and Spain.”