Global Online Gambling Market Continues to Surge, Projected to Reach $125.6 Billion by 2027

Share This Post

Online Gambling Global Market Report 2024 : Market Size, Trends, And Global Forecast 2024-2033

The Business Research Company’s Online Gambling Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033

The 2024 Global Market Report on Online Gambling by The Business Research Company offers information on market size, trends, and a global forecast covering the period 2024-2033.”

— The Business Research Company

LONDON, GREATER LONDON, UK, December 22, 2023 / — Business Research Company’s Year-End Special: Get a 33% discount on Opportunities and Strategies Reports and a 25% discount on Global Market Reports.

The global online gambling market is on a significant growth trajectory, with the market size expanding from $81.08 billion in 2022 to $88.65 billion in 2023, representing a notable compound annual growth rate (CAGR) of 9.3%. Despite short-term disruptions due to the Russia-Ukraine war affecting global economic recovery, the market is expected to reach $125.6 billion in 2027, sustaining a robust CAGR of 9.1%.

Key Drivers of Market Growth:
1. Smartphone Adoption and Improved Internet Accessibility: The surge in online gambling is driven by the increasing adoption of smartphones and enhanced internet accessibility. With mobile users accounting for approximately 80% of all users in the online gambling industry globally, the convenience offered by smartphones is a significant factor. The growth of online gambling revenue is particularly evident in Europe, where it reached €36.4 billion in 2021, contributing to 41.7% of total gambling revenue.
2. Global Internet User Growth: The total number of global Internet users is projected to reach 5.3 billion by 2023, growing at a CAGR of 6%. Smartphones, specifically, are expected to grow at a faster rate, with a 7% CAGR. This increasing internet penetration and smartphone usage contribute to the expansion of the online gambling market.

Major Players:
Key players in the online gambling market include 888 Holdings PLC, Bet365 Group Ltd., Betsson AB, William Hill PLC, VGC Holdings PLC, Kindred Group PLC, Sky Betting & Gaming, Stars Group Inc., Ladbrokes Coral Group PLC, and Paddy Power Betfair PLC.

Explore the global industrial automation market with a detailed sample report:

Technological Advancements:
Technologies like Blockchain, IoT, and VR are transforming the online gambling industry. Virtual Reality (VR) and VR Headsets offer a revolutionary addition, allowing users to enter a virtual casino without physical travel. Blockchain technology addresses concerns about transparency, fraud, and cheating by providing a secure and transparent system.

Notable Acquisition:
In May 2022, MGM Resorts International acquired LeoVegas, a gaming and online sports betting company, for $604 million. This acquisition aims to create a scaled global online gaming business.

Regional Dynamics:
• Largest Region: Asia-Pacific emerged as the largest region in the online gambling market in 2022.
• Fastest-Growing Region: Eastern Europe is expected to be the fastest-growing region in the forecast period.

Market Segmentation:
1. By Game Type:
• Betting
• Casino
• Lottery
• Poker
• Online Bingo
• Others
2. By Device:
• Desktop
• Mobile
• Other Devices
3. By Component:
• Software
• Services

The complete report offers comprehensive insights into the global online gambling market:

Online Gambling Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Online Gambling Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on online gambling market size, online gambling market drivers and trends, online gambling market major players, online gambling market competitors’ revenues, online gambling market positioning, and market growth across geographies. The online gambling market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

Browse Through More Similar Reports By The Business Research Company:
Hotel And Other Travel Accommodation Global Market Report 2023

Amusements Global Market Report 2024

Insurance Agencies Global Market Report 2024

About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Global Market Model – Market Intelligence Database
The Global Market Model, The Business Research Company’s flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess supply-demand gaps.

Contact Information
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293

Check out our:
Healthcare Blog:
Global Market Model:

Oliver Guirdham
The Business Research Company
+44 20 7193 0708
Visit us on social media:

Unleash the Power Within: The Boxing Gloves Evolution

Article originally published on as Global Online Gambling Market Continues to Surge, Projected to Reach $125.6 Billion by 2027

Related Posts

green agriculture project
- Part of VUGA Media group -best seo company