The global online gambling market size is projected to reach USD 153.57 billion by 2030, recording a CAGR of 11.7% from 2023 to 2030. The emergence of freemium modes of online gaming following the trend of betting applications and websites is expected to drive market growth. The freemium model generates revenue via users and integrated advertisements.
Increased smartphone and internet penetration and easy access to casino gaming platforms positively influence the market. For instance, according to GSMA, the Asia Pacific region will witness 333 million new mobile internet subscribers by 2025. Moreover, the availability of cost-effective betting applications is expected to favor market growth over the forecast period. According to the data published by the New York state government, over 650,000 unique accounts were created on mobile betting apps in 2021.
Online gambling developers have partnered with online casino software suppliers to cater to the demand for immersive casino games. For instance, in February 2023, the Sisal subsidiary of Flutter Entertainment Plc. got its license for online gambling in Morocco from La Marcocaine des Jeux et des Sports (MDJS). For instance, in January 2023, FanDuel subsidiary of Flutter Entertainment Plc. launched a mobile sports betting platform in Ohio and announced its Sportsbook launch at Belterra Park Cincinnati.
The outbreak of COVID-19 played a crucial role in expediting the online gambling demand as people spent most of their time indoors and opted for online games for leisure. For instance, in May 2021, a study by the University of Bristol showed regular online gamblers were more than six times more likely to gamble online than pre-pandemic. Besides, adopting various options for digital payments with safe payment gateways is also stimulating the adoption of online gambling applications. The increased adoption of digital currency and websites provided by betting and gambling companies will further accelerate market growth.
Increased smartphone and internet penetration and easy access to casino gaming platforms positively influence the market. For instance, according to GSMA, the Asia Pacific region will witness 333 million new mobile internet subscribers by 2025. Moreover, the availability of cost-effective betting applications is expected to favor market growth over the forecast period. According to the data published by the New York state government, over 650,000 unique accounts were created on mobile betting apps in 2021.
Online gambling developers have partnered with online casino software suppliers to cater to the demand for immersive casino games. For instance, in February 2023, the Sisal subsidiary of Flutter Entertainment Plc. got its license for online gambling in Morocco from La Marcocaine des Jeux et des Sports (MDJS). For instance, in January 2023, FanDuel subsidiary of Flutter Entertainment Plc. launched a mobile sports betting platform in Ohio and announced its Sportsbook launch at Belterra Park Cincinnati.
The outbreak of COVID-19 played a crucial role in expediting the online gambling demand as people spent most of their time indoors and opted for online games for leisure. For instance, in May 2021, a study by the University of Bristol showed regular online gamblers were more than six times more likely to gamble online than pre-pandemic. Besides, adopting various options for digital payments with safe payment gateways is also stimulating the adoption of online gambling applications. The increased adoption of digital currency and websites provided by betting and gambling companies will further accelerate market growth.
Online Gambling Market Report Highlights
- The sports betting type segment is expected to attain the highest CAGR over the forecast period from 2023 to 2030 as a result of the increasing popularity of professional sports leagues and competitions
- The mobile device segment is expected to record the highest CAGR over the forecast period from 2023 to 2030 due to the emergence of betting immersive applications and the convenience of gambling via mobile devices
- The increased advertisement of online gambling websites through online agencies, third-party ad servers, and networks and exchanges is expected to drive market expansion over the subsequent years
- Europe dominated the online gambling market in 2022 by accounting for a revenue share of around 41.0%, owing to the legalization of online gambling due to stringent regulations and safe practices in the region
- Asia Pacific is anticipated to register a CAGR of over 12.0% through 2030 with the increased smartphone usage, a larger population of youngsters, and the legalization of online gambling in the region
Table of Contents
Chapter 1 Methodology And Scope1.1 Market Segmentation & Scope
1.2 Market Definitions
1.3 Information Procurement
1.3.1 Information Analysis
1.3.2 Market Formulation & Data Visualization
1.3.3 Data Validation & Publishing
1.4 Research Scope And Assumptions
1.4.1 List To Data Sources
Chapter 2 Executive Summary
2.1 Online Gambling Market Snapshot
2.2 Online Gambling - Segment Snapshot
2.3 Online Gambling - Competitive Landscape Snapshot
Chapter 3 Online Gambling Market Variables And Trends
3.1 Market Lineage Outlook
3.2 Industry Value Chain Analysis
3.2.1 Vendor Landscape
3.3 Market Dynamics
3.3.1 Market Driver Impact Analysis
3.3.1.1 Increasing Investment In Online Gambling
3.3.1.2 The Growing Number Of Live Casinos Across The Globe
3.3.2 Market Restraint Impact Analysis
3.3.2.1 Cyber Security Concerns
3.3.3 Market Opportunity Impact Analysis
3.3.3.1 Rise In Number Of Mobile Based Betting Applications
3.4 Penetration And Growth Prospect Mapping
3.5 Legal Regulations
3.5.1 North America
3.5.1.1 U.S.
3.5.1.2 Canada
3.5.2 Europe
3.5.2.1 U.K.
3.5.2.2 Germany
3.5.2.3 France
3.5.2.4 Italy
3.5.2.5 Spain
3.5.3 Asia Pacific
3.5.3.1 China
3.5.3.2 India
3.5.3.3 Japan
3.5.4 Latin America
3.5.4.1 Brazil
3.5.4.2 Mexico
3.5.5 Middle East & Africa
3.5.5.1 Turkey
3.5.5.2 South Africa
3.6 Online Gambling: Market Perspective
3.6.1 Legal Status Of Onlne Gambling By Region
3.6.1.1 North America
3.6.1.2 Europe
3.6.1.3 Asia Pacific
3.6.1.4 Latin America
3.6.1.5 Middle East And Africa
3.6.2 Real Money Gambling Vs Online Gambling
3.6.3 Ease Of Online Payments
3.6.4 Cryptocurrency In Online Gambling
3.6.5 Virtual Reality In Online Gambling
3.7 Industry Analysis Tools
3.7.1 Porter’s Analysis
3.7.2 Macroeconomic Analysis
3.8 Sports Betting Market: Overview
3.8.1 Sports Betting User's Interest
3.8.1.1 North America
3.8.1.1.1 U.S.
3.8.1.1.2 Canada
3.8.1.2 Europe
3.8.1.2.1 U.K.
3.8.1.2.2 Germany
3.8.1.2.3 France
3.8.1.2.4 Italy
3.8.1.3 Asia Pacific
3.8.1.3.1 China
3.8.1.3.2 India
3.8.1.3.3 Japan
3.8.1.3.4 South Korea
3.8.1.3.5 Australia
3.8.1.3.6 Philippines
3.8.1.4 Latin America
3.8.1.4.1 Mexico
3.8.1.5 Mea
3.8.1.5.1 Middle East
3.8.1.5.2 Africa
3.8.2 Market Share Analysis For Online Sports Betting Vs Offline Sports Betting, 2022
3.9 Impact Of Covid-19 On The Online Gambling Market
3.10 Impact Of The Russia-Ukraine War On The Gambling Industry
Chapter 4 Online Gambling Market: Type Estimates & Trend Analysis
4.1 Type Movement Analysis & Market Share, 2022 & 2030
4.2 Online Gambling Market Estimates & Forecast, By Type (USD Billion)
4.2.1 Sports Betting
4.2.2 Casino
4.2.2.1 Online Gambling Market Estimates & Forecast By Casino (USD Billion)
4.2.3 Poker
4.2.4 Bingo
4.2.5 Others (Lottery, Fantasy Sports Betting, Etc.)
Chapter 5 Online Gambling Market: Device Estimates & Trend Analysis
5.1 Device Movement Analysis & Market Share, 2022 & 2030
5.2 Online Gambling Market Estimates & Forecast, By Device (USD Billion)
5.2.1 Desktop
5.2.2 Mobile
5.2.3 Others (Tables, Laptops, Etc.)
Chapter 6 Regional Estimates & Trend Analysis
6.1 Online Gambling Market: Regional Outlook
6.2 North America
6.2.1 North America Online Gambling Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
6.2.2 U.S.
6.2.2.1 U.S. Online Gambling Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
6.2.3 Canada
6.2.3.1 Canada Online Gambling Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
6.3 Europe
6.3.1 Europe Online Gambling Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
6.3.2 U.K.
6.3.2.1 U.K. Online Gambling Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
6.3.3 Germany
6.3.3.1 Germany Online Gambling Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
6.3.4 France
6.3.4.1 France Online Gambling Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
6.3.5 Italy
6.3.5.1 Italy Online Gambling Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
6.3.6 Spain
6.3.6.1 Spain Online Gambling Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
6.4 Asia Pacific
6.4.1 Asia Pacific Online Gambling Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
6.4.2 China
6.4.2.1 China Online Gambling Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
6.4.3 India
6.4.3.1 India Online Gambling Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
6.4.4 Japan
6.4.4.1 Japan Online Gambling Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
6.5 Latin America
6.5.1 Latin America Online Gambling Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
6.5.2 Brazil
6.5.2.1 Brazil Online Gambling Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
6.5.3 Mexico
6.5.3.1 Mexico Online Gambling Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
6.6 Middle East And Africa
6.6.1 Middle East And Africa Online Gambling Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
6.6.2 Turkey
6.6.2.1 Turkey Online Gambling Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
6.6.3 South Africa
6.6.3.1 South Africa Online Gambling Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Chapter 7 Online Gambling Market - Competitive Landscape
7.1 Recent Developments & Impact Analysis, By Key Market Participants
7.2 Company Categorization
7.3 Participant’s Overview
7.4 Financial Performance
7.5 Product Benchmarking
7.6 Company Market Positioning
7.7 Company Market Share Analysis, 2022
7.8 Company Heat Map Analysis
7.9 Key Player Comparison Based On Offerings
7.10 Strategy Mapping
7.10.1 Expansion
7.10.2 Mergers & Acquisition
7.10.3 Collaborations
7.10.4 New Product Launches
List of Tables
Table 1 Online gambling vendor landscape
Table 2 Key market driver impact
Table 3 Key market restraint impact
Table 4 Key market opportunity impact
Table 5 The U.S. most preferred sports betting games
Table 6 Canada most preferred sports betting game
Table 7 The U.K. most preferred sports betting game
Table 8 Germany most preferred sports betting game
Table 9 France most preferred sports betting game
Table 10 Italy most preferred sports betting game
Table 11 China most preferred sports betting game
Table 12 India most preferred sports betting game
Table 13 Japan most preferred sports betting game
Table 14 South Korea most preferred sports betting game
Table 15 Australia most preferred sports betting game
Table 16 Philippines most preferred sports betting game
Table 17 Mexico most preferred sports betting game
Table 18 Middle East most preferred sports betting game
Table 19 Africa most preferred sports betting game
Table 20 Global Online Gambling Market Revenue Estimates and Forecast, By Type, 2018 - 2030 (USD Billion)
Table 21 Global Online Gambling Market Revenue Estimates and Forecast, By Casino, 2018 - 2030 (USD Billion)
Table 22 Global Online Gambling Market Revenue Estimates and Forecast, By Device, 2018 - 2030 (USD Billion)
Table 23 Recent Developments & Impact Analysis, By Key Market Participants
Table 24 Company Market Share, 2022
Table 25 Company Heat Map Analysis
Table 26 Key players comparison based on offerings
Table 27 Key Companies undergoing expansions
Table 28 Key Companies involved in M&As
Table 29 Key Companies undergoing collaborations
Table 30 Key Companies launching new products
List of Figures
Fig. 1 Online Gambling Market Segmentation
Fig. 2 Information Procurement
Fig. 3 Data Analysis Models
Fig. 4 Market Formulation And Validation
Fig. 5 Data Validating & Publishing
Fig. 6 Market Snapshot
Fig. 7 Segment Snapshot
Fig. 8 Competitive Landscape Snapshot
Fig. 9 Online Gambling Market Value, 2022 and 2030, (USD Billion)
Fig. 10 Online Gambling- Industry Value Chain Analysis
Fig. 11 Online Gambling Market Dynamics
Fig. 12 Number of active internet users
Fig. 13 Market share of device users
Fig. 14 Country origin for cyber attacks
Fig. 15 Online Gambling Market Penetration & Growth Prospect Mapping
Fig. 16 Online Gambling Market: PORTER’s Analysis
Fig. 17 Online Gambling Market: PESTEL Analysis
Fig. 18 Market share analysis for online vs. offline sports betting 2022
Fig. 19 Online Gambling Market, by Type: Key Takeaways
Fig. 20 Online Gambling Market, by Type: Market Share, 2022 & 2030
Fig. 21 Sports betting market estimates & forecasts, 2018 - 2030 (USD Billion)
Fig. 22 Casino market estimates & forecasts, 2018 - 2030 (USD Billion)
Fig. 23 Poker market estimates & forecasts, 2018 - 2030 (USD Billion)
Fig. 24 Bingo market estimates & forecasts, 2018 - 2030 (USD Billion)
Fig. 25 Other market estimates & forecasts, 2018 - 2030 (USD Billion)
Fig. 26 Online Gambling Market, by Device: Key Takeaways
Fig. 27 Online Gambling Market, by Device: Market Share, 2022 & 2030
Fig. 28 Desktop market estimates & forecasts, 2018 - 2030 (USD Billion)
Fig. 29 Mobile market estimates & forecasts, 2018 - 2030 (USD Billion)
Fig. 30 Other market estimates & forecasts, 2018 - 2030 (USD Billion)
Fig. 31 Online gambling market revenue by region, 2022 & 2030 (USD Billion)
Fig. 32 Regional marketplace: Key takeaways
Fig. 33 Regional marketplace: Key takeaways
Fig. 34 Internet average data prices
Fig. 35 North America online gambling market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 36 U.S. online gambling market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 37 Canada online gambling market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 38 Europe online gambling market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 39 U.K. online gambling market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 40 Germany online gambling market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 41 France online gambling market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 42 Italy online gambling market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 43 Spain online gambling market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 44 Asia Pacific online gambling market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 45 China online gambling market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 46 India online gambling market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 47 Canada online gambling market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 48 Latin America online gambling market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 49 Brazil online gambling market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 50 Mexico online gambling market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 51 Middle East and Africa online gambling market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 52 Turkey online gambling market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 53 South Africa online gambling market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 54 Key Company Categorization
Fig. 55 Company Market Positioning
Fig. 56 Company Market Share Analysis, 2022
Fig. 57 Strategic framework
Companies Mentioned
- 888 Holdings Plc.
- Bally’s Corporation
- Bet 365 Group Ltd.
- Betsson Ab
- Entain Plc.
- Firekeepers
- Flutter Entertainment Plc.
- Churchill Downs Inc.
- Kindred Group
- Ladbrokes Coral Group Plc
- Sky Betting & Gambling
- Sportech Plc
- The Stars Group Plc.
- William Hills Limited
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 125 |
| Published | March 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 63.53 Billion |
| Forecasted Market Value ( USD | $ 153.57 Billion |
| Compound Annual Growth Rate | 11.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 14 |
