Billions of US Dollars: Gambling Market Estimated at Huge Amount
Research And Markets conducted research on the gambling entertainment market. As a result, the approximate value of all casino assets and gaming platforms located around the world was determined. Today, this figure is more than 134 billion dollars, and in four years it may already reach 160 billion.
The study took into account the assets of not only land-based casinos, but also virtual gambling establishments. If the current growth rate (3.4%) is maintained, the value of the assets of all sites by 2026 will be about $ 160 billion. For comparison, the platform's specialists reported figures reflecting the fortune of Bill Gates. It is estimated at $ 124 billion in 2021.
The main factors influencing the rapid development of the gambling industry are the improvement of artificial intelligence, new technologies, and the introduction of blockchain. However, the growth rate may also slow down significantly, as much depends on government policies. In some countries, the government significantly limits or completely prohibits gambling. In addition, long periods of time for obtaining licenses from some gambling commissions also slow down the development process. This is especially true for virtual casinos opening in new jurisdictions. Where gambling was previously prohibited.
By the way, Forbes recently published a list of the richest US citizens. Among them is the owner of Las Vegas Sands – Miriam Adelson. According to experts, she is the one who earns the largest income in the gambling industry. Today, her fortune, according to various estimates, is more than 30 billion dollars. She became the owner of such a profitable business after the death of the famous tycoon Sheldon Adelson, who died earlier this year.
