1 Global Online Gambling Market Size (Value) and CAGR (2024-2033)
In 2024, the global Online Gambling market was valued at USD 96032 million, with a CAGR of 10.3% from 2024 to 2033.
Online gambling is any kind of gambling conducted on the internet. This includes poker, casinos and sports betting.
Figure Global Online Gambling Market Size (M USD) and CAGR 2024-2033
2 Online Gambling Market Drivers
The online gambling market has witnessed substantial growth in recent years, driven by a combination of technological advancements, changing consumer behaviors, and evolving regulatory environments. One of the primary drivers of this growth is the increasing accessibility and convenience of online platforms. The widespread availability of high-speed internet and the proliferation of smartphones have enabled users to engage in gambling activities from virtually anywhere, at any time. This has significantly expanded the market’s reach, attracting a broader demographic of users, particularly younger and tech-savvy individuals.
Another significant factor driving the growth of the online gambling market is the variety and innovation in gambling products and services. Providers are constantly introducing new games, enhanced user interfaces, and interactive features to attract and retain customers. For example, the integration of live dealer games and virtual reality (VR) experiences has added a new dimension to the traditional gambling experience, making it more engaging and immersive.
3 Online Gambling Market Restraints
Despite its significant growth potential, the online gambling market faces several challenges and restraints that could hinder its expansion. One of the most significant challenges is the regulatory environment. While some regions have embraced online gambling, others have imposed strict regulations or outright bans. These restrictions are often driven by concerns over gambling addiction, money laundering, and other illegal activities. Companies operating in the online gambling space must navigate a complex web of regulations, which can vary significantly from one jurisdiction to another. This complexity can be a significant barrier to entry for new players and can also limit the growth of existing companies.
Another major challenge is the issue of gambling addiction. The accessibility and convenience of online gambling platforms can lead to higher rates of problem gambling. This has prompted calls for stricter measures to protect vulnerable individuals, including age verification processes, self-exclusion programs, and responsible gambling initiatives. Companies in the industry must invest in robust mechanisms to ensure compliance with these requirements, which can be both costly and complex.
4 Global Online Gambling Market Size by Type in 2024
Poker is one of the most popular forms of online gambling, attracting a large number of enthusiasts and professional players worldwide. The market for online poker is expected to reach a value of 5,082 million USD in 2024. This segment has seen steady growth over the past few years, driven by the increasing popularity of online poker platforms and the rise of mobile gaming. The convenience of playing poker from home or on-the-go has significantly contributed to its growth.
Online casinos offer a wide range of traditional casino games, including slots, table games, and live dealer games. The casino segment is projected to be the largest in the online gambling market, with a value of 32,999 million USD in 2024. This segment’s growth is driven by the continuous innovation in game offerings and the increasing acceptance of online gambling in various regions. The integration of advanced technologies such as VR and AR has also contributed to the enhanced user experience, making online casinos more engaging and immersive.
Sports betting is another major segment of the online gambling market, with a projected value of 38,905 million USD in 2024. This segment has seen significant growth due to the increasing popularity of online sports betting platforms and the wide range of sports events available for betting. The convenience of placing bets online, coupled with the availability of live streaming and real-time updates, has made sports betting more accessible and engaging for users.
Table Global Online Gambling Market Size by Type in 2024
Type | Market Size (M USD) 2024 |
Poker | 5082 |
Casino | 32999 |
Sports Betting | 38905 |
5 Global Online Gambling Market Size by Application in 2024
Desktop applications have been a traditional platform for online gambling, offering a stable and immersive experience. The market for desktop-based online gambling is expected to reach a value of 57,794 million USD in 2024. This segment has seen steady growth over the past few years, driven by the increasing adoption of high-speed internet and the continuous improvement of user interfaces. Desktop applications offer a wide range of games and features, making them a popular choice for serious gamblers and enthusiasts.
Mobile applications have revolutionized the online gambling industry, offering unparalleled convenience and accessibility. The market for mobile-based online gambling is expected to reach a value of 38,238 million USD in 2024. This segment has seen significant growth due to the increasing popularity of smartphones and the wide range of mobile gambling applications available. Mobile applications offer a wide range of games and features, making them a popular choice for casual and serious gamblers alike. The growth in this segment is driven by the continuous innovation in game offerings and the increasing acceptance of online gambling in various regions.
Table Global Online Gambling Market Size by Application in 2024
Application | Market Size (M USD) 2024 |
Desktops | 57794 |
Mobiles | 38238 |
6 Global Online Gambling Market Size by Region in 2024
North America is a significant player in the global online gambling market, with a projected value of 13,149 million USD in 2024. The region’s growth is driven by the increasing acceptance of online gambling in various states and provinces, as well as the continuous innovation in game offerings. The United States, in particular, has seen significant growth in the online gambling market, driven by the increasing popularity of mobile gambling applications and the continuous improvement of user interfaces.
Europe is the largest market for online gambling, with a projected value of 49,055 million USD in 2024. The region’s growth is driven by the increasing acceptance of online gambling in various countries, as well as the continuous innovation in game offerings. The United Kingdom, in particular, has seen significant growth in the online gambling market, driven by the increasing popularity of mobile gambling applications and the continuous improvement of user interfaces.
The Asia-Pacific region is a rapidly growing market for online gambling, with a projected value of 30,550 million USD in 2024. The region’s growth is driven by the increasing acceptance of online gambling in various countries, as well as the continuous innovation in game offerings. China, in particular, has seen significant growth in the online gambling market, driven by the increasing popularity of mobile gambling applications and the continuous improvement of user interfaces.
Figure Global Online Gambling Market Size by Region in 2024
7 Major Players in Global Online Gambling Market
7.1 Bet365
Company Profile
Bet365 is one of the world’s leading online gambling companies, established in 2000. It operates globally and offers a comprehensive range of betting opportunities for various sports, including football, horse racing, tennis, cricket, and basketball. Additionally, Bet365 provides online casino, poker, bingo, and other gaming services.
Business Overview
Bet365 is renowned for its world-class live betting platform, offering a wide variety of sports and fast payouts. The company’s website is designed to be intuitive, with customer service available in 12 languages. Bet365’s live chat option is easily accessible, enhancing the user experience. The company’s strong financial strength and stable free cash flow have contributed to its market leadership.
Products Analysis
Bet365’s product offerings include a comprehensive In-Play service, deposit bonuses for new customers, and live sports streaming. The company’s platform is designed to provide an engaging and seamless user experience, making it a popular choice for both casual and serious gamblers.
Recent Financial Performance
In the most recent year, Bet365 reported a revenue of 4,425 million USD, with a gross margin of 66.54%.
7.2 GVC Holdings
Company Profile
GVC Holdings is a leading e-gaming operator, active in both B2C and B2B markets. Established in 2004, the company offers a wide range of internet gaming, sports betting, casino, poker, and bingo services. GVC Holdings operates some of the industry’s most popular online brands, including bwin, Sportingbet, partypoker, partycasino, and Foxy Bingo.
Business Overview
GVC Holdings is known for its large business scale and comprehensive portfolio of established brands. The company holds licenses in over 20 jurisdictions and offers bets in 33 languages and 42 currencies. Its strong financial strength and integrated proprietary technology platform have contributed to its market position.
Products Analysis
GVC Holdings’ product offerings include sports betting, casinos, poker, and bingo, all delivered through a unique proprietary technology platform. The company’s focus on innovation and customer experience has helped it maintain a strong market presence.
Recent Financial Performance
In the most recent year, GVC Holdings reported a revenue of 3,078 million USD, with a gross margin of 66.53%.
7.3 Flutter Entertainment
Company Profile
Flutter Entertainment is a global sports betting, gaming, and entertainment provider. Established in 2016, the company operates a diverse range of online and mobile gambling services. Flutter Entertainment’s online division includes popular brands such as Paddy Power, Betfair, and Adjarabet, which offer sports betting, exchange, and gaming services in the UK, Ireland, Europe, and international regions.
Business Overview
Flutter Entertainment is known for its innovative approach to product development and marketing. The company’s strong financial base and creative team have enabled it to expand its operations globally. Flutter Entertainment’s focus on responsible gambling practices and customer satisfaction has helped it build a loyal customer base.
Products Analysis
Flutter Entertainment’s product offerings include a wide range of sports betting and gaming services, delivered through its various online platforms. The company’s commitment to innovation and customer experience has helped it maintain a strong market presence.
Recent Financial Performance
In the most recent year, Flutter Entertainment reported a revenue of 1,443 million USD, with a gross margin of 68.09%.