Serbia Gambling Market size is projected to grow at a CAGR of 9.1% during 2024-2030F

Based on type, casino has accomplished the highest revenue share in Serbia Gambling Market – 6Wresearch

In 2023, casinos dominated the market share primarily owing to their wide range of gaming choices, improved accessibility, successful marketing tactics, and inviting social setting. Additionally, Serbia's regulatory structure for casinos fosters growth by ensuring stability and regulation. This sector is anticipated to continue expanding.

According to 6wresearch, Serbia Gambling Market size is projected to grow at a CAGR of 9.1% during 2024-2030F. The Serbian gambling market has undergone remarkable growth in recent years, owing to increased access to online gambling. This surge has resulted in a significant increase in both online casino gaming and sports betting activities. Notably, the number of sports betting shops has soared to 2,274, while the total count of slot machine clubs stands at 2,706, boasting a combined total of 34,400 slot machines as of 2022. This expansion has been a major catalyst for growth in the sports betting industry within Serbia.

Furthermore, Serbia's GDP per capita is projected to rise from US$7,100 in 2021 to US$8,400 by 2026, resulting in increased spending on leisure activities, including gambling. Additionally, the Serbian government's favourable policies, aimed at enhancing internet penetration and smartphone accessibility in rural areas, have played a crucial role. This includes the construction of fiber-optic infrastructure valued at US$540.3 million, with the aim of achieving nationwide high-speed internet by the end of 2025. These initiatives create additional opportunities for online gambling games, providing individuals with the convenience of gambling from their homes using smartphones, tablets, and computers which would further propel the gambling market in Serbia in the forthcoming year.

According to Shubham Deep, Senior Research Analyst, 6Wresearch, by channel, land-based gambling maintains a larger market share compared to online gambling. Land-based gambling has been present since 1964, predating online gambling, which has helped it build a strong customer base. The appeal of social interaction and the desire for a physical gambling experience further enhance the popularity of land-based establishments.

Serbia Gambling Market (2024-2030) report provides an in-depth analysis with 16 figures and 8 tables, covered in 86 pages. The report comprehensively covers the market by type and channel type. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.