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3.0 INDUSTRY OVERVIEW
The gambling industry has witnessed significant growth over the last years – both in the traditional and the online gambling sphere. As Statista reports, the worldwide online gambling industry has grown at a compound annual growth rate (CAGR) of 9% over the last 7 years. Compared to the average GDP growth rate, this means that the gambling industry has grown about 3 times faster than global GDP.
"The worldwide online gambling and betting industry has grown at a compound annual growth rate (CAGR) of 9% over the last 7 years. Compared to the average GDP growth rate, this means that the gambling industry has grown about 3 times faster than global GDP. "
According to the latest market data available, the global market for online gambling reached $37.91bn in 2015 and is projected to reach $51.96bn in 2018.
