TGM Research is a leading market research firm that has recently released a groundbreaking report on global gambling and sports betting trends for 2024. The report, which is based on extensive surveys and interviews with industry experts, provides deep insights into the key drivers shaping the future of these industries.
According to the report, the global gambling market is expected to reach a value of $565 billion by 2024, driven by the growing popularity of online gambling and the relaxation of regulations in key markets. The report also highlights the increasing adoption of mobile gambling, with more than half of all wagers being placed via smartphones and tablets by 2024.
In terms of sports betting, the report predicts that the market will continue to see strong growth, reaching a value of $155 billion by 2024. This growth is fueled by the increasing availability of live sports streaming and the rise of esports betting. The report also points to the growing trend of sports betting companies expanding into new markets, such as the United States following the legalization of sports betting in several states.
One of the key insights from the report is the changing demographics of the global gambling and sports betting industries. The report highlights the increasing participation of women in these activities, as well as the growing popularity of sports betting among younger generations. This shift in demographics is creating new opportunities for businesses to target niche markets and develop innovative products and services.
In addition, the report discusses the importance of responsible gambling practices in the industry. With the increasing accessibility of online gambling and sports betting, there is a growing need for companies to implement measures to protect vulnerable players and promote responsible gaming. The report emphasizes the importance of collaboration between industry stakeholders, regulators, and policymakers to address these challenges effectively.
Overall, the TGM Research report provides valuable insights into the global gambling and sports betting industries, highlighting key trends and opportunities for businesses to capitalize on. As the industries continue to evolve, staying informed about the latest developments and emerging trends will be crucial for companies looking to succeed in this competitive market.
