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Global Gambling Revenues Grow to $452 Billion in 2014

Global Gambling Revenues Grow to $452 Billion in 2014

The latest edition of the Global Gambling Report shows that last year saw global gambling revenues increase to more than $452 billion, an increase of 3.2% from 2013.

However, year on year global growth is expected to slow down this year to just 1% as a result of the predicted decline in Macau’s casino gross gaming yield. Another factor in the slowdown is the absence of major sporting events in 2015 while 2014 saw the FIFA World Cup in Brazil.

Nonetheless the report has predicted that global gaming growth will quickly climb to 4.1% in 2016 and reach as much as $525 billion by 2019. The report showed that casinos were the largest segment for global gambling activity last year with a 29.2% share of the global market; they were followed by lotteries which enjoyed a 29.1% share. Internet gambling accounted for 9.1%

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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