Global Online Casino Market Size study, by Type (Sports Betting, Casinos, Poker, Bingo), by Device (Desktop, Mobile), and Regional Forecasts 2022-2032

Description

The Global Online Casino Market is valued at approximately USD 70.96 billion in 2023 and is projected to grow at an impressive compound annual growth rate (CAGR) of 11.7% during the forecast period from 2024 to 2032. Online casinos have revolutionized the gambling landscape by offering a wide array of interactive games and betting options accessible from the comfort of one's home or on-the-go via mobile devices. This dynamic sector encompasses diverse offerings, including sports betting, poker rooms, bingo platforms, and virtual casinos, all tailored to provide immersive entertainment experiences for a global audience. As technological advancements such as blockchain integration and live-streaming capabilities evolve, the market continues to thrive, attracting both seasoned players and new entrants eager to experience this digital frontier.

The surge in popularity of online casinos can be attributed to multiple factors, including the growing penetration of smartphones and high-speed internet services worldwide. Additionally, the adoption of advanced gaming solutions, such as augmented reality (AR) and virtual reality (VR), has elevated user engagement by delivering lifelike casino environments and interactive features. The shift in consumer preferences toward digital leisure activities, especially during and post-pandemic eras, further solidifies the market's trajectory. Government regulations in various regions have also been evolving, with many jurisdictions moving to legalize and regulate online gambling, thereby fostering transparency and player protection while unlocking new revenue streams for operators.

The industry's rapid growth is further fueled by significant investments in cutting-edge technologies and the diversification of game portfolios to cater to various player preferences. For instance, live dealer games have gained significant traction as they merge the authenticity of traditional casinos with the convenience of online platforms. However, the market does face challenges, including stringent regulatory frameworks in certain countries and concerns over cybersecurity and responsible gambling practices. These issues necessitate a balanced approach, ensuring innovation aligns with ethical considerations and compliance.

Geographically, North America has emerged as a key market for online casinos, driven by the increasing legalization of sports betting and online gaming in the United States. Europe, with its well-established regulatory landscape and widespread adoption of mobile gaming, continues to lead in market share. Meanwhile, the Asia Pacific region is poised to witness the fastest growth, propelled by rising disposable incomes, technological advancements, and the expanding base of digital users in countries like India, China, and Japan. Latin America and the Middle East & Africa are also demonstrating potential, bolstered by improving internet infrastructure and a growing appetite for online entertainment.

Major market players included in this report are:

888 Holdings Plc
Bet365 Group Ltd
Entain Plc
Flutter Entertainment Plc
The Stars Group Inc.
Kindred Group Plc
Betway Group
DraftKings Inc.
MGM Resorts International
Playtech Plc
LeoVegas AB
William Hill Plc
Evolution Gaming Group
Scientific Games Corporation
Caesars Entertainment Corporation

The detailed segments and sub-segments of the market are explained below:

By Type

Sports Betting
Casinos
Poker
Bingo

By Device

Desktop
Mobile

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year: 2022
Base year: 2023
Forecast period: 2024 to 2032

Key Takeaways:

Market estimates and forecasts for 10 years, from 2022 to 2032.
Annualized revenue and regional-level analysis for each market segment.
Comprehensive geographical landscape with country-level analysis of major regions.
Competitive landscape featuring detailed insights into major players in the market.
Analysis of key business strategies and actionable recommendations for future market approaches.
Evaluation of the competitive structure of the market.
Demand-side and supply-side analysis of the market.

Chapter 1. Global Online Casino Market Executive Summary

1.1. Global Online Casino Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. {By Type}
- 1.3.2. {By Device}
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Online Casino Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Online Casino Market Dynamics

3.1. Market Drivers
- 3.1.1. Growing Penetration of Smartphones & High-Speed Internet
- 3.1.2. Emergence of Advanced Gaming Solutions (VR, AR, Live Streaming)
- 3.1.3. Shifting Consumer Preferences Toward Digital Leisure Activities
3.2. Market Challenges
- 3.2.1. Stringent Regulatory Frameworks
- 3.2.2. Cybersecurity & Responsible Gambling Concerns
3.3. Market Opportunities
- 3.3.1. Legalization & Regulatory Reforms in Emerging Markets
- 3.3.2. Innovations in Blockchain & Interactive Gaming

Chapter 4. Global Online Casino Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Online Casino Market Size & Forecasts by Type 2022-2032

5.1. Segment Dashboard
5.2. Global Online Casino Market: {Type} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Sports Betting
- 5.2.2. Casinos
- 5.2.3. Poker
- 5.2.4. Bingo

Chapter 6. Global Online Casino Market Size & Forecasts by Device 2022-2032

6.1. Segment Dashboard
6.2. Global Online Casino Market: {Device} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Desktop
- 6.2.2. Mobile

Chapter 7. Global Online Casino Market Size & Forecasts by Region 2022-2032

7.1. North America Online Casino Market
- 7.1.1. U.S. Online Casino Market
  - 7.1.1.1. {Type} breakdown size & forecasts, 2022-2032
  - 7.1.1.2. {Device} breakdown size & forecasts, 2022-2032
- 7.1.2. Canada Online Casino Market
  - 7.1.2.1. {Type} breakdown size & forecasts, 2022-2032
  - 7.1.2.2. {Device} breakdown size & forecasts, 2022-2032
7.2. Europe Online Casino Market
- 7.2.1. U.K. Online Casino Market
- 7.2.2. Germany Online Casino Market
- 7.2.3. France Online Casino Market
- 7.2.4. Spain Online Casino Market
- 7.2.5. Italy Online Casino Market
- 7.2.6. Rest of Europe Online Casino Market
7.3. Asia Pacific Online Casino Market
- 7.3.1. China Online Casino Market
- 7.3.2. India Online Casino Market
- 7.3.3. Japan Online Casino Market
- 7.3.4. Australia Online Casino Market
- 7.3.5. South Korea Online Casino Market
- 7.3.6. Rest of Asia Pacific Online Casino Market
7.4. Latin America Online Casino Market
- 7.4.1. Brazil Online Casino Market
- 7.4.2. Mexico Online Casino Market
- 7.4.3. Rest of Latin America Online Casino Market
7.5. Middle East & Africa Online Casino Market
- 7.5.1. Saudi Arabia Online Casino Market
- 7.5.2. South Africa Online Casino Market
- 7.5.3. Rest of Middle East & Africa Online Casino Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. {888 Holdings Plc}
- 8.1.2. {Bet365 Group Ltd}
- 8.1.3. {MGM Resorts International}
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. 888 Holdings Plc
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Bet365 Group Ltd
- 8.3.3. Entain Plc
- 8.3.4. Flutter Entertainment Plc
- 8.3.5. The Stars Group Inc.
- 8.3.6. Kindred Group Plc
- 8.3.7. Betway Group
- 8.3.8. DraftKings Inc.
- 8.3.9. Playtech Plc
- 8.3.10. LeoVegas AB
- 8.3.11. William Hill Plc
- 8.3.12. Evolution Gaming Group
- 8.3.13. Scientific Games Corporation
- 8.3.14. Caesars Entertainment Corporation

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes