Increased Use of Mobile Phones and Gambling Market
Smartphones and other gadgets have reshaped the community during the last few years. Smartphone companies allowed downloading of various gambling apps from their app stores. This increased the amount of mobile gambling.
FanDuel Group and Boyd Gaming launched mobile sports betting in Kansas in September 2022. The global gambling market is expected to be worth $702.45 billion by the end of 2027. By 2032, it is estimated to increase to $765.89 billion. Governor Janet Mills signed LD 585 into law in May 2022, which allowed legalizing sports gambling in Maine.
Asia Pacific is the largest gambling industry in the world. Its worth in 2022 was $146 billion. Macau, the Philippines, Malaysia and South Korea are big gambling markets. Sands China Ltd finished its gaming workshops in January 2021. The largest competitor in 2021 was China Welfare Lottery, which has 12.58% share of the market.