It’s projected to climb up to $92.9 billion by 2023 and continue to expand at a compound annual growth rate of 11.5%.Ī recent study conducted in the UK found that “gambling has become a normalized aspect of sports fandom for male youth demographics, many of whom view the casual wagering of money as vital to their enjoyment of the sport.”įamous sports teams shamelessly carry the logos of gambling sponsors on their shirts, the lives of the young and impressionable sports fans they put in danger be damned because it’s such a profitable business. The market size for sports betting and online gaming was valued at $53.7 billion in 2019 and soared to $66.7 billion in 2020, thanks in part to the worldwide lockdowns due to the pandemic. Now, the “opportunity” to gamble is in everyone’s homes and pockets thanks to the internet and smartphones. You had to go to a casino or find a booker to let you bet on games, etc. In the past, you needed to go out of your way to gamble. If there’s one thing all gambling addicts agree upon, it’s this: Gambling ruins your life.
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