In terms of gambling industry value, the US market is forecasted to sit around 119 billion dollars while China on the other hand is expected to increase at 12.8 percent. This made China to be at the second biggest gambling economy, with US being the first. Even so, the country is projected to have a market value of 158.8 billion dollars by the end of 2027.
Growth Percentage in Different Nations
Among other noteworthy markets that should be included in the list are Canada and Japan that is forecasted to grow at 5.1 and 2.4 percent accordingly from 2020 to 2027. Within Europe though, Germany is expected to grow at roughly 3.6 percent.
In global betting market, Japan, Europe, Canada, China and US is going to drive the 7.7 percent estimate for the said segment.
These regional markets are accounting for combined market value of 64.8 billion dollars and would reach forecasted value of 108.6 billion dollars in the following years.
Competitive in Everything
Experts predict that China will stay strong for being the fastest growing nation which is then followed by countries similar to South Korea, India as well as Australia. Because of this, the market in the Asia-Pacific region is estimated to reach 94.2 billion dollars by 2027.