The other gambling market components include lottery, casino, and poker. In 2016, the gambling industry made a total gross profit of 450 billion US dollars which was higher than Nigeria's GDP in the same period. In summary, gambling is a big deal worldwide, and betting makes a significant chunk of it.

• Gambling Industry Billion Stocks
• Gambling Industry News
• Gaming Industry Billion
• Gambling Industry Billion

Gambling Industry Billion Stocks

• According to The Business Research Company, the global gambling market is expected to reach a value of around $565.4 billion, growing at an annual rate of 5.9% through 2022. The online gambling industry is growing at an exponential rate due to the emergence of new technologies such as hybrid games, virtual reality (VR), and augmented reality (AR).
• The gaming industry generated almost $135 billion in 2018. (Source: Game Industry) 10. 9% increase since 2017. Talk about steady growth. Mobile gaming is the blossoming flower of the gaming market once again – $63.2 billion. Console gaming revenues inspire optimism too – $38.3 billion for just a year.
• The global gambling market size reached a value of nearly $449.3 billion in 2018, having grown at a compound annual growth rate (CAGR) of 4.1% since 2014, and is expected to grow at a CAGR of 5.9% to nearly $565.4 billion by 2022.

Gambling Industry News

A report on gambling and betting in Nigeria.

There are multiple definitions of betting, many of which refer to betting as the act of placing a wager on a predicted outcome of an event. Betting operates on the theory of probability and can be said to have taken place when one stakes a sum of money on an upcoming event they feel strongly about.

The Oxford dictionary defines gambling as “taking a risky action in the hope of a desired result.” On the back of this definition, a subtle, yet distinguishing factor between gambling and betting is that gambling can simply connote ‘risk-taking’ that is as benign as moving your car from under a scorching sun to the other side of a parking lot in a mall – knowing fully well that the space in the shade might be occupied before you get there, on top of losing that earlier spot too. Therefore, even though gambling may or may not involve cash stakes, betting is a form of gambling that always involves wagers; mostly in form of cash stakes. For the purpose of this piece, we will assume they can be used interchangeably.

From friends betting on how many bottles of beer they can finish to classmates betting on who will score lowest in a test, betting has always been a part of human nature. Now, just like many other activities that humans casually engage in, a capitalist society has monetized, regulated and industrialized the betting industry in Nigeria such that a range of events – mostly but not necessarily sporting, are predicted by bookmakers who offer odds for gamblers to stake wagers on.

Gaming Industry Billion

Gambling Industry Billion

Gambling can be defined as any activity (e.g. a game of chance or skill) where an item of value is placed at risk in an attempt to gain something of greater value.