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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Online Gambling Market Size
The global online gambling market size attained a value of nearly USD 71.60 billion in 2023. The market is further expected to grow at a CAGR of 11.40% during the forecast period of 2024-2032 to attain a market size of about USD 189.18 billion by 2032.
Key Trends in the Market
Online gambling is also known as internet gambling or e-gambling, which is done using the internet to place bets and make money. This is very much like games played in casinos, including sports betting, poker, and casino, among others added with a web-based platform. Online gambling also takes place in sports events to bet online and earn money.
- With the huge availability of cost-efficient mobile applications for betting and online gambling, the market is likely to gain consumer traction over the forecast period. Going further, the increasing adoption of smartphones and the rising internet penetration are expected to add to the online gambling market growth globally.
- The growing investments by the major market player in online gambling platforms, along with the increasing adoption of advanced technology and innovative software, are expected to propel the market growth over the coming years.
- The increase in the adoption of Artificial intelligence (AI) is likely to push forward the market growth of online gambling as AI offers innovative functions and features across the mobile gambling industry.
Online Gambling Market Report Snapshots
Online Gambling Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is assessed to grow at a CAGR of 11.40% between 2024 and 2032.
In 2023, the global market of online gambling attained a value of nearly USD 71.60 billion.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach almost USD 189.18 billion by 2032.
Major market drivers include the rising internet penetration and increasing adoption of smartphones.
The key online gambling market trends include rapid advancement in technologies and the rising expansion of online casinos.
The various types of online gambling include sports betting, casinos, poker, and bingo, among others.
The numerous devices of online gambling include desktop and mobile, among others.
The major players in the market are bet365, Flutter Entertainment plc, 888 Holdings Plc, Kindred Group plc, Entain plc, and WHG (International) Limited, among others.
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