Market Considerations Sports betting sites/apps and online casinos are increasingly adding market share to traditional location-based casinos. This trend is expected to accelerate as millennials reach their peak earning years and Gen Z youth begin to complete their education and move into careers. These generations are comfortable with online recreation and technology such as digital wallets and gameplay that underpin Playgon Games. Described as “Netflix + Vegas, all in one,” Playgon is positioned in the online gambling market. The U.S. online gambling segment is on pace to reach $19.3 billion by 2025, according to JP Morgan, as the market continues to regulate and expand at a rapid pace. Further, according to Grand View Research, the global online gambling market is slated to reach $127.3 billion by 2027, with much of the growth expected from the U.S. and Asia. Europe, which is the world’s most mature gaming market, also expects continued growth at a rate of 20% to 25% year over year. The current global online Live Casino total addressable market (“TAM”) is estimated at about $6 billion annually, and revenue is forecast to eclipse to over $8 billion by 2023 and more than $13 billion by 2027.
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