The gambling market share in the UK will post an incremental growth of USD 2.83 billion, decelerating at a CAGR of 5.25% during the forecast period. The growth of the online gambling market will offer immense growth opportunities to market vendors. The gambling market in the UK is fragmented, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market.
Technavio’s report on “Gambling Market in UK Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026” provides a detailed analysis of the prevalent market forces, trends, and challenges likely to impact the market in focus.
The gambling market in the UK is segmented by platform (offline and online) and type (betting, lottery, and casino).
The growth of the gambling market size in the UK by the offline segment will be significant during the forecast period. The brick-and-mortar forms of casinos in the UK are revolutionizing their offerings to sustain in the market, which will drive market growth in the coming years.
The growth of the online gambling market will directly influence the gambling market in the UK. In addition, the implementation of artificial intelligence (AI) in gambling is one of the major gambling market trends in the UK which will positively impact the market growth. However, factors such as the increased exposure of children to online gambling will hamper the gambling market growth in the UK .
The market is fragmented due to the presence of several players. Some of the major gambling market vendors in the UK are 888 Holdings Plc, Ballys Corp., Bet365 Group Ltd., Betfred Group Ltd., Betsson AB, Caesars Entertainment Inc., Camelot UK Lotteries Ltd., Casino Del Sol, Delta Corp Ltd., Entain Plc, Evolution AB, Fantasy Springs Resort Casino, Flutter Entertainment Plc, Kindred Group Plc, NetBet Enterprises Ltd., Rank Group Plc, Scientific Games Corp., Simba Games, Sky Betting and Gaming, and Station Casinos LLC.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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Precise market size estimation during the forecast period 2022-2026.
CAGR of the gambling market in the UK forecast during 2022-2026.
Market-level data on units, average selling prices, and values of the gambling market share in the UK.
Prediction of the upcoming trends, drivers, and factors that challenge the growth of the gambling market in the UK.
Gambling industry growth across the UK.