Asia boasts some of the most exciting prospects in the wagering segment. A market volume is predicted to be over $ 2.48 billion by 2027. Modern casino operators can expect a huge income boost and increased web traffic from this region.
Casinos and sportsbook entrepreneurs are drawn to this region due to its:
high demand for gambling;
growing interest in betting.
If you want to expand your wagering business, here are some standout markets to focus on in 2023:
Japan. Although gambling activities are currently illegal, the country's first integrated resort with a casino will be opened in Osaka in 2029, aiming to promote tourism. The state has a strong economy, and residents have a passion for gambling and betting entertainment. According to IMARC Group, the iGaming market is expected to bring $ 10.1 billion by 2027.
The Philippines. Gambling activities are legal in this state, and the turnover in the sphere exceeds $ 3 billion. The Philippines experienced a healthy post-pandemic rebound in 2022, with local casinos generating $ 3.3 billion in GGR. Wagering entertainment is deeply ingrained in the culture, making it a profitable area.
India. With a massive population and a growing middle class, India's iGaming sphere is booming, estimated at $ 9 billion in turnover. The governing landscape has evolved with the introduction of self-regulatory bodies formed by web gambling businesses.
Entrepreneurs should also keep an eye on the following potential markets:
South Korea. Despite restrictions, wagering revenues in the country could reach as high as $ 17.6 billion per year, with citizens frequently visiting offshore sites.
Vietnam. The country's strong and growing economy, and a warming attitude towards entertainment, make it a promising market for iGaming investors. Vietnam has recently started legalising wagering activities, creating new possibilities.
Malaysia. The country's fast-growing economy attracts foreign investment, and there is room for a gambling sphere, despite some restrictions. Malaysians' love of sports often translates into their wagering habits.
With Asia's vibrant markets and increasing demand for gambling, this region is a goldmine for distributors seeking significant development prospects.
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