Slotegrator Identifies Area of Growth for 2023
Slotegrator, the iGaming solutions provider, has published an analysis of how it thinks various iGaming markets will develop over the coming year. It is thought that the global market will be worth $113.12 billion by 2025, but the company has identified a number of markets that offer promising short-term growth.
The Latin American market, in countries such as Brazil, Peru, Mexico, and so on, has been rapidly expanding in recent years. Brazil is leading the way with its GGR expected to reach roughly $1.6 billion by 2026. Furthermore, a number of countries are currently working to introduce new regulations to create a well-regulated iGaming market.
Many Asian countries are very restrictive in their gambling regulations. However, there are signs things are changing. For example, Thailand is talking about creating a regulated market while Vietnam is currently testing a scheme that allows locals to play in casinos. There are also signs of change in countries such as Japan and India. While the situation is far from simple, all of these markets show great potential.
In the CIS (Commonwealth of Independent States), Slotegrator has highlighted Georgia and Armenia as promising markets. Georgia already allows land-based operators to offer online gambling while Armenia boasts extremely high rates of gambling participation.
Slotegrator has identified a number of countries in African that show great potential, Nigeria, Kenya, Tanzania, Uganda, and South Africa. Sports betting is the most popular form of gambling in the continent, but there is plenty of space for growth in all segments.
Europe has long been the most stable iGaming market; however, Slotegrator has identified areas of potential growth. There are several mature markets within the continent, but it has not reached saturation point.
Each market has its own demand, and it is a combination of several factors: regulation, economy, culture, and habits. Our team studied the specifics of each market, and we are focused on these regions and confidently recommend them to our clients and partners. The market prospects are impressive — according to forecasts, the online gambling and betting market will reach about $150 billion by 2030. The game is definitely worth the candle.