Online Gambling Global Market Report 2024

Description

Online gambling involves using the internet to wager money or valuables on events with uncertain outcomes, not under the gambler's control, with the aim of winning something else of value, typically money.

The primary types of online gambling games include betting, casinos, lottery, poker, online bingo, and others. Lotteries are games in which numbers are randomly drawn for a prize. These games can be played on various devices such as desktops, mobiles, and others. The essential components of online gambling include software and services.

The online gambling market research report is one of a series of new reports from The Business Research Company that provides online gambling market statistics, including the online gambling industry's global market size, regional shares, competitors with an online gambling market share, detailed online gambling market segments, market trends and opportunities, and any further data you may need to thrive in the online gambling industry. This online gambling market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The online gambling market size has grown strongly in recent years. It will grow from $88.65 billion in 2023 to $96.89 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The historic period's growth can be attributed to robust economic expansion in emerging markets, the widespread adoption of smartphones with enhanced internet accessibility, the increasing popularity of digital payments, and a rise in disposable income.

The online gambling market size is expected to see strong growth in the next few years. It will grow to $137.26 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The forecast period's growth can be attributed to the rising involvement of gamers during the COVID-19 pandemic, a growing consumer acceptance of fintech, technologically advanced platforms, the legalization of gambling, and changing consumer gambling habits. Major trends in the forecast period include investments in AI technology to enhance user experience, the integration of cryptocurrency as a payment mode, the development of mobile apps, investments in AR and VR technology, sponsorship of sports events with large viewership, partnerships with celebrities and influencers, offering free access to games with certain main features, and providing cross-platform support for games.

The online gambling market is experiencing growth due to the increasing adoption of smartphones with improved internet accessibility. Globally, mobile device usage surpasses that of desktop computers or laptops, constituting approximately 80% of all users in the online gambling industry across most countries. For example, in July 2023, DemandSage reported that 86% of the global population owns a smartphone, with 6.8 billion smartphone users worldwide. In the United States, 94.4% of millennials own smartphones, and nearly half of the U.S. population dedicates 5 to 6 hours per day to using smartphones. This widespread use of smartphones is expected to propel the growth of the online gambling market.

Technological advancements, such as Blockchain, IoT, and VR, are revolutionizing various industries, including online gambling. Virtual Reality (VR) and VR Headsets have gained significant popularity, bringing a revolutionary dimension to online gambling. VR technology allows users to immerse themselves in a virtual casino environment and participate in various games without the need for physical travel. However, concerns about fraud and cheating have been prevalent in online gambling, with accusations of non-transparency and hidden internal workings. Blockchain technology is seen as a solution to address these concerns by providing transparency and visibility into the operations of online casinos and gambling sites. Games such as SlotsMillion, Casino VR Poker, and The Gear, played through VR, are captivating customers and reshaping the online gambling industry.

Major companies in the online gaming market are incorporating innovative gaming technologies to stay competitive. An example is zVentures Web3 Incubator (ZW3I), introduced by Razer, a US-based gaming company, in June 2023. ZW3I leverages blockchain technology, empowering players to own their in-game assets, including characters, weapons, and skins. This ownership grants players greater control over customizing and utilizing their assets within the gaming environment.

In May 2022, MGM Resorts International made a strategic move by acquiring LeoVegas, a gaming and online sports betting company, for $604 million. This acquisition positions MGM Resorts International to establish a globally scaled online gaming business. LeoVegas, based in Sweden, offers a range of online gambling services, including video poker, table games, progressive jackpots, video slots, and live betting through its online casinos and sportsbooks.

Major companies operating in the online gambling market report are Flutter Entertainment PLC, bet365 Group Ltd., Entain PLC, Kindred Group PLC, William Hill PLC, 888 Holdings PLC, International Game Technology PLC, Betsson Ab, DraftKings Inc., Betfred, QQ Lottery, Las Atlantis, Sports Toto Malaysia, Ruby Fortune, Jackpot City, SPIN Casino, 32Red, Royal Vegas, Europa Casino, Mobile Premier League, 1xBet, Evolution Gaming, Netent, Microgaming and Play 'n' Go, Bodog88, 188bet.g, Ladbrokes Coral, Sky Betting & Gaming, Super slots, Pari Mutuel Urbain, CODERE, SuperWins, Bede Gaming, Betfair, Buzz Bingo, Superbet, GVC Holdings PLC22BET, Betway, Scientific Games, Buffalo Partners, Betway, LeoVagas.com, 22BetCherry AB, Casino.Com, Slots Million, Camelot UK Lotteries Ltd., Jumeirah, Farah Experiences LLC, BetKing, Betcoza, MelBet

Asia-Pacific was the largest region in the online gambling market in 2023. Eastern Europe is expected to be the fastest-growing region in the global online gambling market report forecast period. The regions covered in the online gambling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the online gambling market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain

The online gambling betting market includes revenues earned by entities operating facilities that provide services such as online betting (digital table games and sports bets). The online gambling market comprises revenue generated by remote gaming activities using the internet and desktop and mobile devices. The market includes gambling establishments developing online sports betting, casino, bingo, lotteries, and poker games, among others. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Online Gambling Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on online gambling market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for online gambling? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The online gambling market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

1) By Game Type: Betting; Casino; Lottery; Poker; Bingo; Others
2) By Device: Desktop; Mobile; Other Devices
3) By Component: Software; Services
Companies Mentioned: Flutter Entertainment plc; bet365 Group Ltd.; Entain plc; Kindred Group plc; William Hill PLC
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.

Product Code: r14547

1. Executive Summary

2. Online Gambling Market Characteristics

3. Online Gambling Market Trends And Strategies

4. Online Gambling Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Online Gambling Market Size and Growth

5.1. Global Online Gambling Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Online Gambling Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Online Gambling Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Online Gambling Market Segmentation

6.1. Global Online Gambling Market, Segmentation By Game Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Betting
Casino
Lottery
Poker
Online Bingo
Others
6.2. Global Online Gambling Market, Segmentation By Device, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Desktop
Mobile
Other Devices
6.3. Global Online Gambling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Software
Services

7. Online Gambling Market Regional And Country Analysis

7.1. Global Online Gambling Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Online Gambling Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Online Gambling Market

8.1. Asia-Pacific Online Gambling Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Online Gambling Market, Segmentation By Game Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Online Gambling Market, Segmentation By Device, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Online Gambling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Online Gambling Market

9.1. China Online Gambling Market Overview
9.2. China Online Gambling Market, Segmentation By Game Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Online Gambling Market, Segmentation By Device, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Online Gambling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Online Gambling Market

10.1. India Online Gambling Market, Segmentation By Game Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Online Gambling Market, Segmentation By Device, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Online Gambling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Online Gambling Market

11.1. Japan Online Gambling Market Overview
11.2. Japan Online Gambling Market, Segmentation By Game Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Online Gambling Market, Segmentation By Device, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Online Gambling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Online Gambling Market

12.1. Australia Online Gambling Market, Segmentation By Game Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Online Gambling Market, Segmentation By Device, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Online Gambling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Online Gambling Market

13.1. Indonesia Online Gambling Market, Segmentation By Game Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Online Gambling Market, Segmentation By Device, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Online Gambling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Online Gambling Market

14.1. South Korea Online Gambling Market Overview
14.2. South Korea Online Gambling Market, Segmentation By Game Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Online Gambling Market, Segmentation By Device, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Online Gambling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Online Gambling Market

15.1. Western Europe Online Gambling Market Overview
15.2. Western Europe Online Gambling Market, Segmentation By Game Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Online Gambling Market, Segmentation By Device, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Online Gambling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Online Gambling Market

16.1. UK Online Gambling Market, Segmentation By Game Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Online Gambling Market, Segmentation By Device, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Online Gambling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Online Gambling Market

17.1. Germany Online Gambling Market, Segmentation By Game Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Online Gambling Market, Segmentation By Device, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Online Gambling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Online Gambling Market

18.1. France Online Gambling Market, Segmentation By Game Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Online Gambling Market, Segmentation By Device, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Online Gambling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Online Gambling Market

19.1. Italy Online Gambling Market, Segmentation By Game Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Online Gambling Market, Segmentation By Device, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Online Gambling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Online Gambling Market

20.1. Spain Online Gambling Market, Segmentation By Game Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Online Gambling Market, Segmentation By Device, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Online Gambling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Online Gambling Market

21.1. Eastern Europe Online Gambling Market Overview
21.2. Eastern Europe Online Gambling Market, Segmentation By Game Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Online Gambling Market, Segmentation By Device, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Online Gambling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Online Gambling Market

22.1. Russia Online Gambling Market, Segmentation By Game Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Online Gambling Market, Segmentation By Device, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Online Gambling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Online Gambling Market

23.1. North America Online Gambling Market Overview
23.2. North America Online Gambling Market, Segmentation By Game Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Online Gambling Market, Segmentation By Device, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Online Gambling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Online Gambling Market

24.1. USA Online Gambling Market Overview
24.2. USA Online Gambling Market, Segmentation By Game Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Online Gambling Market, Segmentation By Device, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Online Gambling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Online Gambling Market

25.1. Canada Online Gambling Market Overview
25.2. Canada Online Gambling Market, Segmentation By Game Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Online Gambling Market, Segmentation By Device, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Online Gambling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Online Gambling Market

26.1. South America Online Gambling Market Overview
26.2. South America Online Gambling Market, Segmentation By Game Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Online Gambling Market, Segmentation By Device, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Online Gambling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Online Gambling Market

27.1. Brazil Online Gambling Market, Segmentation By Game Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Online Gambling Market, Segmentation By Device, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Online Gambling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Online Gambling Market

28.1. Middle East Online Gambling Market Overview
28.2. Middle East Online Gambling Market, Segmentation By Game Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Online Gambling Market, Segmentation By Device, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Online Gambling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Online Gambling Market

29.1. Africa Online Gambling Market Overview
29.2. Africa Online Gambling Market, Segmentation By Game Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Online Gambling Market, Segmentation By Device, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Online Gambling Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Online Gambling Market Competitive Landscape And Company Profiles

30.1. Online Gambling Market Competitive Landscape
30.2. Online Gambling Market Company Profiles
- 30.2.1. Flutter Entertainment plc
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. bet365 Group Ltd.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Entain plc
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Kindred Group plc
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. William Hill PLC
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Online Gambling Market Other Major And Innovative Companies

31.1. 888 Holdings PLC

31.2. International Game Technology PLC
31.3. Betsson Ab
31.4. DraftKings Inc.
31.5. Betfred
31.6. QQ Lottery
31.7. Las Atlantis
31.8. Sports Toto Malaysia
31.9. Ruby Fortune
31.10. Jackpot City
31.11. SPIN Casino
31.12. 32Red
31.13. Royal Vegas
31.14. Europa Casino
31.15. Mobile Premier League

32. Global Online Gambling Market Competitive Benchmarking

33. Global Online Gambling Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Online Gambling Market

35. Online Gambling Market Future Outlook and Potential Analysis

35.1 Online Gambling Market In 2028 - Countries Offering Most New Opportunities
35.2 Online Gambling Market In 2028 - Segments Offering Most New Opportunities
35.3 Online Gambling Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer