The global gambling market is expected to reach US$ 500 billion in gross gaming yield (GGY) by 2022, according to the latest forecasts by Global Betting and Gaming Consultants.
The research was carried out as part of updating the latest edition of the Global Gambling Report, which is now in its 12th edition.
One issue that has had a bearing on the forecasts is the fluctuating exchange rates against the US dollar. Changes in the exchange rate is part of the reason that the global gambling market’s gross gaming yield has fallen from US$ 447.5 billion in 2014 to US$ 407.2 billion in 2015.
Casino gaming, including Native American gaming, is largest gambling sector, followed by the lottery sector. Interactive gambling now accounts for just over 10% of the total global gambling market.