NEW YORK, Jan. 29, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The global gambling market in UK size is estimated to grow by USD 3.51 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 5.4% during the forecast period. Growth of online gambling platforms in UK is driving market growth, with a trend towards implementation of artificial intelligence (AI) in gambling. However, increased exposure of children to online gambling poses a challenge. Key market players include 888 Holdings Plc, Allwyn UK Holding Ltd., Ballys Corp., Bet365 Group Ltd., Betfred Group, Betsson AB, Buzz Group Ltd., Caesars Entertainment Inc., Casino Del Sol, Delta Corp., Entain Plc, Evolution AB, Fantasy Springs Resort Casino, Flutter Entertainment Plc, Kindred Group Plc, NetBet Enterprises Ltd., Rank Group PLC, Red Rock Resorts Inc., Scientific Games LLC, and Simba Games.
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Gambling Market In UK Scope |
|
Report Coverage |
Details |
Base year |
2024 |
Historic period |
2019 – 2022 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.4% |
Market growth 2025-2029 |
USD 3505.8 million |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
5.3 |
Regional analysis |
UK |
Performing market contribution |
Europe at 100% |
Key countries |
UK |
Key companies profiled |
888 Holdings Plc, Allwyn UK Holding Ltd., Ballys Corp., Bet365 Group Ltd., Betfred Group, Betsson AB, Buzz Group Ltd., Caesars Entertainment Inc., Casino Del Sol, Delta Corp., Entain Plc, Evolution AB, Fantasy Springs Resort Casino, Flutter Entertainment Plc, Kindred Group Plc, NetBet Enterprises Ltd., Rank Group PLC, Red Rock Resorts Inc., Scientific Games LLC, and Simba Games |
Market Driver
The UK gambling market is thriving, with online gambling leading the charge. Internet penetration and the widespread use of electronic devices have made computer programs like blackjack, poker, roulette, slot machines, and more accessible to millions. Cashless transactions are now the norm, with mobile applications and desktop-based applications dominating. Sports betting on events like the NFL season is popular, with modern smartphones and 5G internet technology enabling virtual wagering. Private enterprises operate casino gaming platforms as leisure activities, reaching younger populations in their homes, public places, and even offices. The freemium model and digital betting platforms offer promotions, tournaments, and virtual payment gateways for convenience. Virtual reality (VR) and blockchain technology are the latest trends, with VR casinos and crypto currency like Bitcoin gaining traction. Security and anonymity are key concerns, with traditional payment methods still in use but digital currencies growing in popularity. Legality, societal acceptance, corporate sponsorships, and celebrity endorsements continue to shape the industry.
The UK gambling market is characterized by its embrace of modern consumer tendencies and advanced technologies. Leading operators have skillfully transitioned from traditional to digital platforms. Artificial Intelligence (AI) has been a long-standing component of online gambling and casino games. However, its utilization has evolved significantly. AI is manifested through live dealers, who engage players in real-time interactions while being supported by random number generators. These dealers recreate the authenticity of land-based gambling experiences in the virtual environment, ensuring an engaging and realistic gaming journey for consumers.
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Market Challenges
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Segment Overview
This gambling market in UK report extensively covers market segmentation by
1.1 Betting– The UK gambling market’s betting segment is poised for substantial growth during the forecast period. The legal framework allowing betting on various sports across multiple platforms in the country fuels this expansion. Soccer, tennis, horse racing, and basketball are popular sports for betting in the UK, with soccer and horse racing being the most preferred for remote betting. The rise of eSports and subsequent betting on this platform is a significant contributor to the segment’s growth. High-priced bets in sports betting generate higher revenues compared to casinos and state lotteries. The convenience of online betting, driven by high internet penetration and the increasing use of mobiles and laptops, is a major factor in the segment’s growth. Several vendors in the UK are capitalizing on this trend by offering online sports betting services. The emergence of virtual payment options and the legalization of real money betting on eSports tournaments further boosts the segment. Sports betting is a valuable tool for customer acquisition, offering lower cost per acquisition, longer customer lifespans, and excellent cross-selling opportunities. It also presents the greatest potential for competitive differentiation and controlling sports betting technology, which are crucial factors driving innovation and market responsiveness. These factors collectively contribute to the betting segment’s growth during the forecast period.
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Research Analysis
The UK gambling market, fueled by the internet and modern technology, has seen a significant in popularity for online gambling activities. With increasing internet penetration and the widespread use of mobile phones, especially among the younger population, online casinos, sports betting, and digital betting platforms have become a favored pastime. These platforms offer various games such as Blackjack, Poker, Roulette, Slot machines, Bingo, and more, all accessible through computer programs or mobile apps. Cashless transactions have become the norm, with virtual payment gateways and digital currency facilitating seamless transactions. The NFL season, Rugby, and Soccer matches attract massive betting volumes, with virtual platforms and VR technology adding to the experience. The integration of 5G internet technology and blockchain technology further enhances the security and speed of transactions. Promotions, tournaments, and virtual platforms cater to diverse player preferences, making online gambling an engaging and dynamic industry.
Market Research Overview
The UK gambling market has seen significant growth in the digital age, with online gambling becoming increasingly popular. The internet has revolutionized the industry, allowing access to various casino games such as Blackjack, Poker, Roulette, Slot machines, and Bingo through computer programs. Sports betting on Football, Rugby, Soccer, and the NFL season is also prevalent, with cashless transactions and electronic devices enabling customizable budgets. Smartphones and mobile applications have made gaming accessible on-the-go, while desktop-based applications cater to those preferring larger screens. Software developed by private enterprises powers these casino gaming platforms, transforming leisure activities into modern, digital experiences. The internet penetration and mobile phone usage have boosted the sector’s growth. Modern smartphones, 5G internet technology, and virtual reality (VR) are shaping the future of gambling, offering , virtual wagering experiences. Blockchain technology, Bitcoin, and other digital currencies are being integrated into freemium model digital betting platforms, providing virtual payment gateways for anonymous, secure transactions. Gambling is now accepted in various settings, including homes, public places, offices, hotels, entertainment venues, online shopping, and the e-commerce industry. Legality and societal acceptance continue to evolve, with corporate sponsorships, celebrity endorsements, and sports games further popularizing the sector. Virtual platforms cater to restricted areas, offering VR accessories and VR casinos for enhanced gaming experiences. However, concerns regarding security, identity theft, and hacking persist, making it essential for platforms to prioritize these aspects. Technological breakthroughs and the integration of traditional payment methods with digital currencies aim to address these challenges. Overall, the online gambling sector continues to evolve, offering a diverse range of gaming experiences for a younger population.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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