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Online Gambling Market Size & Share North America,

From 2020 to 2021, the US online betting scene generated over $800 million, from $8.7 billion to $9.5 billion, a 9% increase in revenue. The online betting industry has many factors that push the market to where it is now. Convenience, accessibility, exciting gameplay, and varied ways to earn money are some of their driving forces.

  • Operators of online casinos also sponsor films, television programs, or streaming content to promote their brands and attract viewers.
  • The online gambling market is highly fragmented and comprises regional and global players.
  • The region ranks first globally concerning online betting revenue in Q3 2023.
  • Statistics about gambling for each country also differ a lot, so these charts give a general idea of each activity’s popularity on a bigger scale.

However, fake mobile applications & app-based hacking are projected to hinder the growth of the segment. Companies operating in this space need to be vigilant in complying with local laws and regulations and implementing measures to prevent problem gambling and other related issues. The global online gambling market was estimated at USD 63.53 billion in 2022 and is expected to reach USD 70.64 billion in 2023. The US VR casino scene held the largest market share, generating around $5.1 billion in 2022, about 31.5% of the total revenue for the industry. As gambling becomes increasingly online, the average age of gamblers decreases as online gambling platforms become more accessible to tech-savvy young adults.

In Singapore, the government is taxing and adding fees even to entering a casino, in order to diminish that number. Sports betting is also increasing there, but it is definitely the huge availability and the high additivity of pokies that explain an average of $958 loss per Australian adult gambler. Even so, disregarding the pandemic impact, it is a fact that gambling is growing all around the world. If it were not for Covid-19, we could expect levels at least near US$500 billion by 2023.

Geographically, Europe dominated the global market with the highest shares in 2021. This huge market share of the region can be attributed to the legalization of gambling in various countries such as Germany, Italy, Malta, and France. During lockdowns, an increasing number of consumers turned to various virtual platforms to counter their financial and social crises. Consumers became more interested in virtual betting due to the strict closure of all sports and other events during the lockdown. Most gambling establishments shifted to a digital platform, aiding the online gambling market growth.

Report Scope

In statistic terms, most of the expenditures are on the famous pokies, or slot machines. Our graph clearly indicates that Australia, Hong Kong, and Singapore adults spent far more than gamblers from the rest of the world, on average. Contrary to popular beliefs, the United States got the 9th place in the Top 10 gambling losses. Talking about estimates, 2019 was expected to generate US$ 43.2 billion for the online gambling sector. In other words, it seems that online gambling has the capacity to surpass estimates, and general gambling, the opposite. Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services.

Electronic gambling machines and online casinos are more addictive than lottery tickets. The advent of online platforms, mobile devices, applications, cryptocurrencies, and laws significantly transformed the gambling scene. In the post-pandemic “new normal” gambling landscape, VR casinos are among the trending betting products that curious bettors have tried since VR technology emerged in the video game scene. Interestingly, 20% of the poverty-stricken regions accounted for the most online gambling losses, contributing 25% to the industry’s revenue. This number covers all types of betting, including social games, which experts claim can still cause problem gambling. Around 19% – 28% of online gamblers find it more convenient to spend money on online gambling platforms than in physical gambling facilities. More so, female online gamblers comprised about 24% of the UK’s online betting scene.

Products & Services Segmentation

While it’s true that online gambling is prevalent globally, it doesn’t mean that all of it is legal. Bettors worldwide go to extreme lengths to bypass restrictions and sometimes access black markets. The study suggests that at least 24% of the respondents experienced financial problems directly from online gambling, while 36% stated feeling heavy anxiety and stress due to online betting.

The figures highlight how bettors flock to online casinos’ features and services, such as easier transaction methods, blockchain gambling, and immersive casino themes. In 2021, the online casino market made around a monthly average of $830 million. The industry generated an average of 6.1% yearly increase in the casino landscape. The government benefits from a legal and regulated online gambling market, from crime decreases to tax revenue increases. Countries in the Southeast Asian region produced a combined $910 million in revenue from its online gambling scene, which its 4.1 million SEA bettors contributed. The market generated around DKK6.7 billion ($991.4 million), a 7.5% increase from 2021’s revenue.

According to online gambling statistics, in 2022, the global online market was valued at $ 63.53 billion. In 2020 alone, MGA resolved 6,170 requests for assistance in terms of fair gaming. In 2022, gambling addiction statistics worldwide show that the percentage of severe problem gamblers ranged from 0.1% to 5.8% globally (depending on the research methods and criteria). Together with blackjack, poker is one of the most famous card games around the world.

Report Segmentation

The exposure of esports could be pronounced in Italy, Spain, France, the U.K. Millennials and the Gen Z population have shown traction for a host of offerings, including live streams, pay- and free- TV, and video-on-demand. The US lost $100 billion in gambling yearly, with male and female gamblers owing an average of $55,000-$90,000. Explore more facts and figures about the Virtual Reality Casino scene and learn how quickly the segmentation has been growing. More gamblers prefer betting with cryptocurrencies due to the anonymity and fast deposits and withdrawals that crypto offers. Crypto gambling is rising since only 26.30% of all bets used cryptocurrencies in the first quarter of 2021. Gone are the days when gambling enthusiasts had to go to the nearest casino.

The imposition of restrictions can significantly restrain the online gambling market as vendors will lose market share in regions where it is prohibited. Several states in the U.S. have placed restrictions on online gambling and have even imposed fines on some online gambling platforms for breaking the law. Online Gambling Market size was valued at over 90 billion in 2022 and is anticipated to grow at a CAGR of over 10% between 2023 and 2032. The increasing internet penetration and use of mobile phones to play online games are driving the demand for online gambling.

Online Gambling Market Leaders

Moreover, the Asia Pacific is anticipated to grow with the highest CAGR among all other regions rapidly. The region’s fast growth can be attributed to the rising smartphone and internet penetration across various developing nations such as China and India, among rich reels review others. The relaxation of regulation regarding online gambling is further estimated to drive the growth of the industry. Furthermore, increasing per capita income and the presence of a younger population are expected to present huge market growth opportunities.

Global casino and online gambling industry market size 2011-2022

After all that information on growth, forecasts, and demographic data on gambling, there is another movement we should pay attention to. It is called social gambling, and it is increasingly popular, especially in pandemic times. We believe that everyone, from casinos to players, should get hold of that precious knowledge. That way, it is possible to identify if people are gambling responsibly and whether the industry is improving or not. As always, our team of specialists endeavors their best efforts to make sure everything is detailed in a simple manner. According to the research study, the global Online Gambling & Betting Market was estimated at USD 50 billion in 2019 and is expected to reach USD 100 billion by 2026. The global Online Gambling & Betting Market is expected to grow at a compound annual growth rate (CAGR) of 10% from 2019 to 2026.

Sports Betting Market Report Scope

Now, they correspond to an incredible 45.8%, getting closer to their proportion to men in terms of population (51% and 49%, respectively). Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. Please note that this only represents a partial list of companies, and the complete list has been provided in the report. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best.

The rising popularity of digital platforms globally is anticipated to drive the growth of the segment. The increasing spending capacity of the population in the emerging nations on account of the increasing per capita income is expected to contribute to the segment growth. This market includes bingo halls, coin-operated gambling device concession operators, bookmakers, lottery ticket sales agents, and card rooms. The gambling market also includes the sale of gambling services and related goods by casino hotel operators. Statistics for the 2023 Online Gambling market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Online Gambling analysis includes a market forecast outlook to for 2023 to 2028 and historical overview. Gambling market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports.

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