The global skill gaming market size was USD 30.99 billion in 2022 and is projected to reach USD 85.34 billion by 2030 at a CAGR of 13.3% during the forecast period. Fortune Business Insights presents this information in their latest research report titled “Global Skill Gaming Market Forecast, 2023-2030.”
Gamers and developers are attracted to skill-based games for mental challenges, social interaction, and competitive opportunities. The scope of this study includes the platforms and games which require the players to compete and utilize real currency with other players. Such games are considered into casino games, board games, sportsbooks, puzzle games, word games, and poker.
Key Industry Developments:
March 2023: Dream11 in partnership with Legends League Cricket as the Official Fantasy Partner for the LLC Masters tournament. The tournament featured three teams – Asia Lions, India Maharajas, and World Giants.
- Skill Gaming Market size in North America was USD 8.77 billion in 2022
- Rise in Gaming Applications Usage during the Pandemic Led to Market Growth
- Rising Demand for Advancement in Internet Technology to Drive the Market Growth
- Board Based Segment to Dominate due to Consumers’ Tendency to Switch to Alternative Board Games
Discover the Leading Players Featured in the Report:
“Companies leading the global Skill Gaming Market are Skillz, Inc. (U.S.), Arkadium, Inc. (U.S.), AviaGames, Inc. (U.S.), GameDuell GmbH (Germany), GSN Games (U.S.), Junglee Games (U.S.), Big Fish Games (U.S.), Sporta Sports Technologies Private Limited (India), Triumph LLC (U.S.), Game Taco Inc. (U.S.)”
Report Scope & Segmentation
|Forecast Period||2023 to 2030|
|Forecast Period 2023 to 2030 CAGR||13.3%|
|2030 Value Projection||USD 85.34 billion|
|Skill Gaming Market Size in 2022||USD 30.99 billion|
|Historical Data for||2019 to 2021|
|No. of Pages||120|
|Segments Covered||By Skill Type, Game Genre, and Region|
Drivers & Restraints
Turbocharging Gaming Speed of the 5G Network Augments the Development of Skill-based Games
Unlimited internet facilities and emerging 5G coverage are progressively becoming the new norm globally, subsequently complementing mobile gaming. 5G offers better download speeds and lesser latency during gaming.
Legislation and rules regarding different industries vary from country to country in various regions. When it comes to skill-based games, they are also often confused with gambling, which is restricted in several countries.
By Game Genre
- Card Based
- Board Based
- Dice Based
- Tile Based
- Word and Number Based
- Puzzle-Based and Animated Games
By Skill Type
- Cloud & Data center
- Energy & Utilities
- Others (Gaming, Retail & Consumer Goods, and others)
- North America
- Asia Pacific
- Middle East & Africa
- South America
North America Dominated the Market Owing to Increasing Demand for Mobile Devices
North America led the market share in 2022. North America witnessed an exponential growth owing to the production of mobile devices and the availability of new consoles in the North America market.
Europe is estimated to grow with a noteworthy CAGR during the projected period. The growth of the gaming sector has led to the development of new gaming platforms, such as subscription-based services and cloud gaming, that give players access to skill gaming.
Prominent Key Players Focusing on Partnerships and Acquisitions are Expanding their Product Offerings
Skill gaming companies form strategic collaborations and alliances to enlarge the technologies, business, products, and other offerings with year-on-year revenue growth. Mergers, partnerships, and collaborations differ as per the business requirements, such as the enlargement of the product portfolio, which helps grow their presence and acquire a new customer base.
How big is the Skill Gaming Market?
The Skill Gaming Market size was USD 30.99 billion in 2022. It is expected to reach USD 85.34 billion by 2030.
How fast is the Skill Gaming Market growing?
The Skill Gaming Market will exhibit a CAGR of 13.3% during the forecast period, 2023-2030.
Amusnet to Participate in SBC Summit Barcelona
Amusnet is going to participate in the 3rd edition of the SBC Summit Barcelona, to be held on September 19-21 at the Fira Barcelona Montjuïc, Spain. At the event, the company will act as a Premium Sponsor, in addition to showcasing its latest products for the online industry.
At booth CG40, the leading international iGaming provider will showcase its most famous casino products such as 20 Golden Coins, Fruits & Gold, Candy Palace, 20 Bulky Fruits and Cocktail Rush, as well as its renowned Live Casino titles like Vegas 500x Roulette, Dynamic Roulette 120x and European Roulettе. The company will be also presenting its newest captivating 5-reel slots Cavemen & Dinosaurs and Dancing Dead, emphasising on its diverse and ever evolving gaming portfolio. Cavemen & Dinosaurs, releasing on September 19, features thrilling elements such as free spins with random wilds and retrigger options, Instant Win and a gamble feature for added excitement. Dancing Dead, set to debut in October, promises an exhilarating gaming experience with a range of exciting features including Expanding Wilds, Pick Me Bonuses and a Gamble mode, providing players with even more ways to enjoy and win with this thrilling new slot inspired by the traditional Mexican feast Day of the Dead. To add an engaging entertainment at the Amusnet booth, visitors will have the unique chance to participate in a 360-degree video activation, dedicated to the upcoming Dancing Dead slot release and seize the opportunity to win premium prizes. As a tradition, Amusnet will elevate the event atmosphere by offering an exclusive cocktail menu, inspired by its most famous slots.
Amusnet will have the honour to be among the sponsors of the 10th edition of the SBC Awards 2023, which will take place on the final day of the SBC Summit Barcelona on Thursday, September 21 at the remarkable winery venue of Caves Codorniu in Barcelona. The leading international provider’s nomination in two categories, including Casino/Slots Developer of the Year, reaffirms Amusnet’s strong standing in the iGaming industry, underscoring its dedicated efforts in delivering cutting-edge casino technology appreciated by partners and players globally. The nomination for Employer of the Year serves as a testament to the company’s commitment to creating a workplace where employees feel valued, motivated and engaged. Furthermore, as a Premium Sponsor of the event, Amusnet will be supporting the Football Tournament, the Sports Betting, Casino and iGaming Zone and the Official Senior Executive Party at Shoko.
888 Appoints Sean Wilkins as CFO
William Hill and Mr Green owner 888 has announced the appointment of Sean Wilkins as its new chief financial officer, effective February 1, 2024.
Wilkins has 17 years of experience in CFO roles at both private and public companies, having most recently held the position of Group CFO of Superbet, an omni-channel betting and gaming business with operations primarily across Romania, Poland, Serbia and Belgium.
Prior to this, he held CFO roles at several consumer-facing businesses including Big Bus Tours, Domino’s Pizza, Tesco Malaysia, Tesco Telecom and O2 Asia.
Current CFO Yariv Dafna will step down from his role and the board on October 2 following an orderly handover of responsibilities to chief strategy officer Vaughan Lewis, who will also assume the role of interim CFO until Wilkins joins.
Executive chair Lord Mendelsohn said: “In addition to having an in-depth understanding of the betting and gaming industry, Sean brings a wealth of relevant experience gained in CFO roles at international businesses, where he has demonstrated a strong track record of value creation.”
Mohegan INSPIRE Appoints Chen Si as President and Wade Howk as COO
Mohegan INSPIRE has appointed Chen Si as its President and Wade Howk as its Chief Operating Officer (COO).
“With Mohegan INSPIRE, we are expanding our horizons beyond what we once thought possible. Mohegan’s move into the global market is not just about growth, but also about sharing our legacy and spirit with the world. Our future is bright, and I look forward to embracing this next chapter alongside Chen Si and Wade Howk,” Ray Pineault, President and CEO of Mohegan, said.
As President, Chen Si will guide strategic planning and operational results at Mohegan INSPIRE. His duties will involve overseeing budget and business plans to ensure the company’s vision is implemented at all levels and leading performance measurement and improvement efforts. He will also lead the company’s external relationships with government agencies and business partners and serve as the company’s Representative Director.
Chen’s extensive career has taken him across the globe, working for well-known organizations like McKinsey and Las Vegas Sands. He brings a wealth of knowledge and experience to his new position at Mohegan INSPIRE. With a strong background in strategic development and international marketing, as well as a dedication to fostering teamwork and utilizing data-driven decision-making, he is the ideal candidate to lead Mohegan INSPIRE’s future growth.
“I am honored to be stepping into this role as President of Mohegan INSPIRE. As we begin this next venture for the Mohegan brand in South Korea, I am motivated by the promise of innovation, rich cultural exchange and strengthened partnerships. This is an exhilarating new chapter for the brand, and I’m committed to steering Mohegan toward a future filled with inspiration and growth,” Chen Si said.
As COO, Wade Howk will serve as the second in command at the property and assist the President, Chen Si, in carrying out his duties. Howk’s primary responsibilities will include leading, engaging, and developing direct reports to ensure smooth operations, creating an exceptional guest experience, maintaining a positive organizational culture based on Mohegan INSPIRE’s principles and values and establishing relationships with vital stakeholders. He will also work closely with governmental and business partners to coordinate efforts.
Howk steps into his role as COO with extensive executive experience in the gaming, hospitality and entertainment industries. Before coming to Mohegan INSPIRE, Howk served as Chief Financial Officer and interim President for Hard Rock Casino Cincinnati and Corporate Vice President of Strategy for SeaWorld Parks & Entertainment. Howk’s background in operational and change management, strategic business planning, employee engagement and relationship management will help build critical partnerships for Mohegan INSPIRE and establish consensus across the levels of organization at the property.
“Mohegan INSPIRE has always stood for innovation, passion and resilience. I am excited to bring these values to new heights in my new role, ensuring that the brand remains synonymous with the excellence and visionary leadership that our guests have come to know and expect at our properties across the globe,” Howk said.
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