H2 Contributes Analysis to The Economist Article on Global Gambling Growth Trends
Posted on 06 December 2024 in General
H2 provided its data on the growth of the different products across the landbased and online gambling sectors, from both regulated and unregulated sources, in over 100 international markets across the world. The data formed a central part of The Economists' analysis and key takeaways surrounding the growth of the industry in recent years.
"Since American states started to legalise sports betting in 2018, the industry’s explosive growth and omnipresent advertisements have drawn widespread attention. But although America was one of the last big economies to allow legal wagering, similar trends are evident elsewhere. In most markets around the world, online betting, mostly on sports, is replacing traditional “land-based” forms of gambling, of which sports are a small component. As a consequence, what was once a niche pastime is entering the global mainstream.
H2 Gambling Capital, a consultancy, has estimated annual spending (ie, punters’ losses) for each type and method of betting for some 100 countries since 2003, “repatriating” stakes placed via offshore websites to customers’ suspected home countries. Worldwide, traditional casinos and their online equivalents remain the largest sector, accounting for $209bn. Lotteries come next at $154bn, followed by sports at $130bn and gaming or slot machines outside casinos at $87bn..."
Click here for the full article. (external paywall)
About H2 Gambling Capital
H2 - a global specialist gambling sector market data provider based in the UK - is widely recognised as the leading independent authority regarding market forecasting and intelligence on the gambling industry. The intelligence generated by H2’s industry forecasting model has become the most quoted source regarding the sector in published company reports, transaction documentation and sell-side analysts’ notes, as well as in the trade/business media. Its detailed coverage extends to over 150 national/state gambling markets and 100 listed operators and suppliers with market share analysis in over 100 markets.
For more information about H2's services please contact subscription@h2gc.com