Online Gambling Market Report 2025

The online gambling market size has grown rapidly in recent years. It will grow from $106.22 billion in 2024 to $117.5 billion in 2025 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to strong economic growth in emerging markets, growing adoption of smartphones with improved internet accessibility, increasing popularity of digital payments and rise in disposable income.

The online gambling market size is expected to see rapid growth in the next few years. It will grow to $186.58 billion in 2029 at a compound annual growth rate (CAGR) of 12.3%. The growth in the forecast period can be attributed to increasing gamer involvement during the COVID-19 pandemic, increasing consumer acceptance for fintech, technically advanced platforms, legalization of gambling and changing consumer gambling habits. Major trends in the forecast period include investing in ai technology to enhance user experience, integrating cryptocurrency as a payment mode, building mobile apps, investing in AR and VR technology, sponsoring sports events with large viewership, tie-up with celebrities and influencers, offer free access to games with certain main features and offer 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.

Major companies in the online gambling market are concentrating on introducing innovative solutions, such as online casinos, to improve user experience, attract new customers, and sustain a competitive advantage. An online casino is a digital platform that allows users to play various casino games, including poker and slots, via the internet. For example, in May 2024, MyPrize, a US-based developer of an online crypto casino gaming platform, launched an innovative online casino featuring integrated live streaming and multiplayer gameplay. This allows players to engage with friends and streamers in real time through its unique Bet Together technology. The platform offers a wide selection of popular casino games, enabling users to watch and interact with streamers while placing bets together, thus fostering a communal gaming experience. Additionally, MyPrize supports cryptocurrency transactions, providing users with access to the Web3 ecosystem.

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 include 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, LeoVagas.com, 22BetCherry AB, Casino.Com, Slots Million, Camelot UK Lotteries Ltd., BetKing, Betcoza, MelBet.

Asia-Pacific was the largest region in the online gambling market in 2024. 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.

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 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 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.

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