Report: Global Gambling Market Was $423B In 2014

The gambling industry at large is huge, and last year there was $423 billion in total gaming win (gaming revenue) across the globe, according to research just released from Morgan Stanley.

From Forbes: Lotteries accounted for 29 percent at $121 billion, with what the report terms “other gambling” such as sports betting and parimutuel racing as the next biggest chunk at $118 billion or 28 percent and online gambling at $37 billion or 9 percent. Of the $146 billion from land-based casinos, US commercial and tribal operations took in $67 billion (46 percent), Asia and Australia casinos $61 billion or 42 percent. The rest of the world’s brick-and-mortars had $18 billion or 12 percent.

According to Bloomberg, casinos are the 12th largest industry on earth.

The gambling industry has seen the rise and fall of Macau, which keeps experiencing huge year-over-year declines in gambling revenue. The former Portuguese colony is facing scrutiny from the Chinese government over what it perceives as corruption.

Late last month, Morgan Stanley revised its estimates for the size of the U.S. online gambling industry by 2020. The financial services firm believes the American market for online betting will be $2.7 billion by 2020, down from last year’s estimate of $5 billion.

Also last month, Casino City’s annual Indian Gaming Report said that U.S. tribal gaming reached a record of $28.3 billion, but growth has slowed to a meager 0.5 percent year-over-year.

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