Poker Gambling Market
The poker gambling market refers to the industry of playing and wagering on the game of poker. This includes both live poker games, such as those played in casinos, and online poker games.
The global poker gambling market size was valued at $4.4 billion in 2020 and is expected to grow at a CAGR of 6.2% during the forecast period 2021 to 2028, according to a report by Mordor Intelligence. The market is driven by factors such as the increasing popularity of online poker, the growing number of poker tournaments, and the increasing adoption of mobile poker.
The online poker segment is expected to dominate the market, due to the increasing popularity of online poker and the growing number of online poker platforms. The live poker segment is expected to grow at a moderate pace, due to the restrictions on live poker games caused by the COVID-19 pandemic.
The poker gambling market is segmented into live poker and online poker. The live poker segment is further segmented into casinos, card rooms, and home games. The online poker segment is further segmented into real-money games and play-money games.
In the last decade, the poker gambling market has been growing, driven by the increase of online players, the expansion of poker tournaments and the growing popularity of mobile poker. Furthermore, the market is expected to continue to grow as technology improves and more people have access to the internet and mobile devices.
However, the poker gambling market is not without its challenges. One of the biggest challenges is the lack of regulation in some countries which can lead to a lack of consumer protection and increase the risk of fraud. Additionally, the market is highly competitive, with a significant number of players, and the industry is constantly evolving, requiring companies to adapt to new trends and technologies.
In conclusion, the poker gambling market is a rapidly growing market with a lot of potential. The market size was valued at $4.4 billion in 2020 and is expected to grow at a CAGR of 6.2% during the forecast period 2021 to 2028. The market is driven by factors such as the increasing popularity of online poker, the growing number of poker tournaments, and the increasing adoption of mobile poker. Companies operating in this market need to adapt to new trends and technologies to stay competitive.
Last modified 8mo ago