Gambling market in the UK to grow by $2.83 billion between 2021 to 2026
Gaming News
28 August 2023
(PRESS RELEASE) -- The latest report on the gambling market in U.K., 2021-2026 estimates to register a growth of $2.83 billion, at a CAGR of 5.25% during the forecast period. The market is fragmented due to the presence of diversified international and regional vendors. The growth of the online gambling market is driving the growth of the market. The U.K. dominates online platforms gambling owing to limited restrictions. Hence, the continued growth of online gambling at the expense of conventional gambling operations will drive the gambling market in the UK during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. 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 are among some of the major market participants.
Company Offerings
- 888 Holdings Plc - The company offers gambling services such as online casinos, online sports betting, online poker, and online bingo.- Bet365 Group Ltd. - The company offers online gambling services, casinos, games, poker, and betting opportunities for various sports, including football, horse racing, tennis, cricket, and basketball.- Betfred Group Ltd. - The company offers gambling services such as sports betting, horse betting and bookmarking service.Key Trends
The implementation of artificial intelligence (AI) in gambling is an emerging market trend.Major Challenges
The increased exposure of children to online gambling is challenging the growth of the market. Certain websites use cartoon characters to attract children and bet on games such as Jungle Book, Top Cat, Peter Pan, and Goldilocks. Hence, the government has restricted gambling ads that normalize betting among children. Moreover, there have been concerns about the presence of such ads during televised sports. Such factors may limit the market growth in the coming years.
