It was a huge month for 888 as the gambling giant’s stock price increased 14%, a major turning point for the company. EVO still going strong, while ALL and LNW slightly increase. (Image by Mohamed Hassan from Pixabay)
Twenty years ago, there were hardly any online casinos or sports betting sites. Today, these industries generate billions of dollars in revenue annually. Due to its accessibility, ease of use and greater selection of games and betting options than most land-based casinos, online gambling has become a massive industry.
According to a major survey, global revenue for the industry was $45.7 billion in 2019. This amount increased to $55.1 billion a year later and kept going up. According to statistics, the revenue from online gambling worldwide increased by 20% on average over the previous four years, reaching $95 billion in 2023. According to this survey, the market will grow by double digits in revenue over the ensuing years and reach a value of $117.6 billion by 2025.
The top two markets, the United States and the United Kingdom account for over one-third of total revenue. The estimated revenue for the US online gambling market in 2023 is $19.1 billion, a staggering 267% increase from the $5.2 billion recorded in 2019. The UK market, the second largest in the world, is expected to generate $12.8 billion in sales, a 62% increase over the previous four years. In 2023, Australia, Japan, and Germany will have revenues of $9.1 billion, $5.5 billion, and $5.1 billion, respectively.
Additionally, data indicates that the market’s most significant source of income is online sports betting, which is predicted to generate $43.5 billion in revenue in 2023—a 120% increase over the previous four years. Over this time, revenue from online casinos has increased 110%, from $16.6 billion in 2019 to $34.8 billion in 2023.
80 Million Online Gamblers since 2019
Despite generating billions of dollars in revenue annually, online gambling has a significant negative impact on employment, education and personal finances, leading to substantial costs for society. Still, the number of gamblers keeps going up.
More than 80 million people globally have begun playing online games, including poker rooms, sports betting, casinos, and lotteries, in the last four years, according to the data. There are currently 176 million users across the entire market, up from over 95 million in 2019. According to the report, over 210 million will be added to this number in the next two years.
As of this year, 127.8 million people use online sports betting apps and websites, up from 60.3 million in 2019. By 2025, the data projects that this number will increase to 156.9 million. After a 62% increase in four years, online casinos rank second in user count, with 94.1 million users by 2023. This number is expected to approach 112 million during the following two years.
This week, we look at Playtech, Aristocrat, Light & Wonder, Evolution, 888 Holdings and Inspired Entertainment to examine where they came from and where they may be heading in 2024.
Gambling Company Share Price Reports: For prices from the last bi-weekly report, take a look at out Gambling Share Prices 2023 – Issue 25.
Gambling Share Prices Update
Playtech – (PTEC.L)
- Playtech has bounced a little since the last report… up 5%. The company has suffered several setbacks in the past six months, but the share price is rising. Multiple insiders have recently bought the stock, suggesting they have confidence in the company’s future. Insiders currently own 14% of the company, which shows shareholders that management is thinking about the best interests of investors. PTEC is presently trading at 444.56 GBX with resistance at 452 GBX and support at 408 GBX.
Current Price: 444.56 GBX
3 Jan 2023 Open: 506.50 GBX
2023 Performance
-61.94 GBX (-12.23%)
Aristocrat – (ALL)
- Aristocrat (ALL) – Aristocrat is up 4% in the last few weeks, continuing with monthly incremental gains. The stock is up 36% for the year, beating most of its peers substantially. The modest growth can be attributed to improving EPS year after year. The EPS has increased 57% in the last year, encouraging investors to buy. The stock currently trades at AUD 41.76 with resistance at AUD 42.23.
Current Price: 41.76 AUD
3 Jan 2023 Open: 30.66 AUD
2023 Performance
+11.10 AUD (+36.18%)
Light & Wonder – (LNW)
- Light & Wonder (LNW) – Light & Wonder continues to expand its territory. The company has entered South Africa and partnered with the leading operator Hollywoodbets. LNW will launch live casino products first and then gradually provide other games in 2024. The share price currently trades at USD 86.82, up 49% for the year.
Current Price: 86.82 USD
3 Jan 2023 Open: 56.95 USD
2023 Performance
+29.87 USD (+52.48%)
888 Holdings – (888.L)
- 888 Holdings (888. L) – After a couple of failed takeover offers last month, 888 Holdings share price has surged, up 14%. 888 rejected the Playtech bid for £700m, as the company believes its value far exceeds that initial offer. There is speculation that future negotiations are in the cards for alternative offers. The share price has been flat for the last week and is trading at 91.65 GBX.
Current Price: 91.65 GBX
3 Jan 2023 Open: 84.60 GBX
2023 Performance
+7.05 GBX (+8.33%)
Evolution – (EVO)
- Evolution (EVO) – Evolution has stayed in positive territory this year, up 16.90%. The company has made incremental gains after a bearish summer, up 7% since the last report. EVO has turned its fortunes around after posting poor Q3 results, with changes on the executive board and the establishment of a new studio in Spain. The company is currently debt-free, and its earnings and cash flow cover its dividends. The share price opened up at the time of writing and is currently trading at 1,202 SEK.
Current Price: 1,202.00 SEK
3 Jan 2023 Open: 1,028.00 SEK
2023 Performance
+174.00 SEK (+16.90%)
Inspired Entertainment – (INSE)
- Inspired Entertainment (INSE) – The troubled Inspired Entertainment share price has suffered after stating they would not post a Q3 earnings report. The stock has dropped 31% since October but has bounced back 10% since the beginning of December. The company is also under investigation in the U.S. for possible securities fraud regarding its accounting and business operations. The share price is currently trading at 8.77 USD with strong resistance at 9.02 USD and support at 8.56 USD.
Current Price: 8.77 USD
3 Jan 2023 Open: 12.85 USD
2023 Performance
-4.08 USD (-31.76%)
Disclaimer: If you’re planning on making iGaming stock investments, do not use this post as a guide. Seek expert financial advice from industry experts. Also, take some time to read our most recent crypto report which discusses whether crypto casino gaming could be about to overtake traditional fiat casino gaming.
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