Online Gambling Market Overview
Any form of gambling done over the Internet is considered online gambling. This covers online poker rooms, sports wagering, and casinos. Liechtenstein International Lottery Tickets was the first online gaming site to launch for business in October 1994. Various estimates place the market's annual global value at about $40 billion. Online gambling is restricted or outlawed in several nations. Nonetheless, it is permitted in several US states, certain Canadian provinces, the majority of EU member states, and several Caribbean countries.
The size of the world market for internet gambling was estimated at USD 69.12 billion in 2023 and increased to USD 76.79 billion in 2024. It is anticipated to increase at a CAGR of 11.1% over the projected period (2024–32) to reach USD 178.25 billion in 2032.
An estimated 1.6 billion people globally partake in gambling activities, with approximately 266 million, or 17% of this total, playing online. With roughly 48% of the global market for online gambling, Europe dominates the world. With over 40% of the market share, online sports betting is the most widely used type of online gambling. Online casinos, which feature slot machines and table games, account for roughly 32% of the market. With 58.9% of online gambling income coming from mobile devices in 2022, the mobile gambling sector is expanding quickly. This market is predicted to grow at a 17.8% annual percentage growth rate (CAGR) from 2023 to 2030. Physical casinos and betting shops had to close as a result of the COVID-19 pandemic, and the internet gambling market had a 12% increase in customers in 2020. Still, there's a rising emphasis on responsible gambling laws and regulations, since 2-3% of online gamblers are thought to develop gambling issues.
Competitive Landscape
Some of the prominent players operating in the Online Gambling Market are
Bet365 Group Ltd
Betsson AB
VGC Holdings PLC (Entain plc)
Kindred Group PLC
Ladbrokes Coral Group plc
Paddy Power Betfair plc (Flutter Entertainment)
Sky Betting & Gaming
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Latest trends in the Online Gambling Market
Integration of Cryptocurrencies
Because cryptocurrencies provide gamers with better security, privacy, and faster transaction times, their use in online gaming is growing. To meet the rising demand from experienced gamblers, operators are progressively incorporating cryptocurrency payment methods.Individualization
To increase user engagement, online gambling platforms are concentrating on offering tailored experiences. This comprises customized in-game elements, bonuses, promotions, and prizes that are based on the unique behaviors and preferences of each player.Mobile Video Games
The online gambling industry is still dominated by mobile gaming, as operators tailor their platforms to offer smooth mobile experiences. The rising acceptance of mobile gaming is being fueled by its accessibility and ease.Games with a Skill Basis
Games that require strategy and decision-making from players are becoming more and more popular, especially with younger audiences who are used to video games. These games consist of arcade-style options, blackjack, and poker.Augmented and Virtual Reality
The fusion of augmented reality (AR) and virtual reality (VR) technology is improving online gamblers' immersive experience. AR can superimpose gaming data and analytics on players' devices, while VR can offer a completely immersive casino experience.Responsible Gambling: With the introduction of measures like betting limits and self-exclusion programs, operators are putting more focus on responsible gambling practices. The goal of this trend is to give gamers a secure and long-lasting gaming experience.
Variety and Innovation in Games
With an emphasis on cutting-edge and inventive games, online casinos are continuously adding new titles to their selection. This entails creating original game mechanisms, captivating narratives, and utilizing cutting-edge technology like artificial intelligence.
Global Online Gambling Market: Segmentation
As a result of the Online Gambling Market segmentation, the market is divided into sub-segments based on product type, application, and regional and country-level forecasts.
By Type
Sports Betting
Casinos
iSlots
iTable
iDealer
Other iCasino Games
Poker
Bingo
Others
By Device
Desktop
Mobile
Others
By Component
Software
Services
The report forecasts revenue growth at all geographic levels. It provides an in-depth analysis of the latest industry trends and development patterns from 2023 to 2032 in each of the segments and sub-segments. Some of the major geographies included in the market are given below:
North America (U.S., Canada)
Europe (U.K., Germany, France, Italy)
Asia Pacific (China, India, Japan, Singapore, Malaysia)
Latin America (Brazil, Mexico)
Middle East & Africa
Regional Analysis
The United States is anticipated to yield the largest revenue from online gambling in 2024, with an estimated $23.03 billion, up 20.3% from 2023.
United Kingdom: With 27.9% of the population expected to gamble online, the country is predicted to generate $13.78 billion by 2024. In 2024, the income is expected to rise by 7.4%.
Australia: $10.14 billion in income is projected in 2024, with 21.1% of the population expected to be active online gamblers. In 2024, the growth rate is anticipated to reach 10.5%.
Japan: Revenue is expected to reach $6.19 billion, up 12.7% from the previous year. By 2024, it is anticipated that 7.9% of people would be active online gamblers.
Germany: With 10.4% of the population expected to gamble online, the country is predicted to generate $5.65 billion in revenue by 2024.
Canada is expected to generate $4.19 billion in income by 2024, and 48.6% of its citizens are estimated to be online gamblers.
France: Revenue is predicted to reach $4.12 billion by 2024.
Italy: Revenue is expected to reach $3.21 billion.
India: $2.90 billion in income is anticipated in 2024, which is in line with the rising acceptance of online gambling in the country.
Spain: Revenue is anticipated to exceed $1.97 billion.
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Key Highlights
To explain the Online Gambling Market the following: introduction, product type and application, market overview, market analysis by countries, market opportunities, market risk, and market driving forces
The purpose of this study is to examine the manufacturers of the Online Gambling Market, including profile, primary business, news, sales and price, revenue, and market share.
To provide an overview of the competitive landscape among the leading manufacturers in the world, including sales, revenue, and market share of Online Gambling Market percent
To illustrate the market subdivided by kind and application, complete with sales, price, revenue, market share, and growth rate broken down by type and application
To conduct an analysis of the main regions by manufacturers, categories, and applications, covering regions such as North America, Europe, Asia Pacific, the Middle East, and South America, with sales, revenue, and market share segmented by manufacturers, types, and applications.
To investigate the production costs, essential raw materials, production method, etc.
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