The International Betting Integrity Association (IBIA) has released a report detailing research on the future of the betting market, including a projection that the global regulated betting market will generate $106bn in gross win from $767bn by 2025.
The report, titled An Optimum Betting Market: A Regulatory, Fiscal and Integrity Assignment, examines 20 jurisdictions representing regulatory guidelines across six continents and can be read in full here.
It is the result of a collaboration between the IBIA and H2 Gambling Capital.
According to the report, the global betting market generated $74.1bn in revenue in 2019 from $490bn in turnover, which represented 16% of all gross gambling win for the year. This market is set to grow exponentially, with the report labelling betting as the fastest growing gambling segment.
It also revealed that betting’s growth rate is double that of the ambling industry as a whole over the next five years, growing at 6.3%. Casino is set to grow at 3.0%, ..