Online Gambling Market Size, Share, By Type (Sports, Casino, Poker, and Bingo), By Platform (Mobile, Computer, and Others), and Region (North America, Europe, Asia Pacific, Middle East and Africa, and South America) - Trends, Analysis and Forecast till 2034

Online Gambling Market Size was valued at USD 104.2 billion in 2024 and is expected to reach USD 329.6 billion by 2034, growing at a CAGR of 13.5%.

Online gambling refers to a wide range of computerized games and sports betting activities that mimic those found in casinos and are accessible over the internet. It provides a handy and reachable substitute for conventional physical casinos, enabling users to bet on riskier games of chance or skill-based competitions from the comfort of their homes or anyplace with an internet connection. Popular casino table games like baccarat, roulette, poker, and blackjack are available in this virtual gambling world, in addition to a large selection of slot machines with unique themes, bonus features, and progressive jackpots. Additionally, players may participate in live dealer games, which offer a more immersive and participatory experience as a real-life dealer oversees the game via a video broadcast.

The Internet gambling industry is thriving for several reasons. Firstly, compared to conventional land-based casinos, it provides unmatched accessibility and convenience. There is no need to travel or follow actual casino hours—gambling can be done from anywhere with an internet connection, day or night. Second, the increased use of cell phones and the internet has established an environment conducive to online gambling. Because they make it possible for users to play their favorite games while on the go, mobile gambling applications have contributed to the market's rise. And lastly, one major motivator is the growing popularity of esports betting. Online gambling sites are taking advantage of the increasing popularity of esports, especially among younger populations, by providing a wide range of esports betting opportunities.

The regulatory environment in different areas is complicated and can be a substantial challenge for the online gaming sector. Many places are still unregulated or operate in a legal gray area, while established markets like North America and Europe have clear rules that provide a safe atmosphere.

Key Drivers of Target Market:

Growing usage of mobile devices:

• The increasing prevalence of smartphones and tablets has revolutionized consumer access to information and entertainment, including online gambling. Bettors may bet and gamble on their preferred games anytime and from any location and on mobile-friendly platforms and specialized gambling applications designed to maximize the user experience on smaller displays. This convenience aspect eliminates the geographical and temporal restrictions that come with traditional brick-and-mortar casinos. The audience for online gambling has expanded dramatically due to this accessibility, drawing in both seasoned casino fans and casual players who can now easily fit in a few spins or a fast wager on their preferred sports team amid everyday activities. Moreover, mobile devices' mobility encourages more frequent interaction. Gamers may stay linked to the online gambling world all day by checking odds, participating in live games, and managing their accounts while on the road. This might result in more spending and total industry growth.

Booming e-sports industry:

• The thriving e-sports sector and online gambling platforms have a symbiotic relationship that is driving the expansion of the online gambling business. The popularity of e-sports has increased dramatically in recent years, especially among younger audiences. Online casinos take advantage of this development by providing many e-sports betting choices. E-sports fans may enhance their watching experience by adding excitement and the possibility of financial gain thanks to this alluring mix. From individual statistics and in-game milestones to match winners and handicaps, fans may place bets on various events. This combination of online gambling and e-sports increases audience engagement, draws in new demographics to the online gambling space, and eventually boosts market income potential.

Restrains:

Complex regulatory rules:

• The complicated and contradictory regulatory environment in several jurisdictions is a significant barrier to the growth of the Internet gaming industry. Many other nations either operate in a legal gray area or remain unregulated. At the same time, some have clear legislation in place for online gambling, providing a safe and secure environment for both operators and players. Operators and players alike are still determining due to the absence of clear restrictions.
• Players may be reluctant to engage on platforms that operate in unregulated areas because of worries about legal ramifications, security, and fairness. Operators in these areas need help with taxes, license requirements, and possible limitations on marketing and advertising campaigns. This unbalanced regulatory landscape impedes the uniform and seamless expansion of the internet gaming industry.

Opportunities:

Technological advancements:

• Immersion experiences combined with technology present a growing possibility for the online gambling sector. Technologies like virtual reality (VR) and augmented reality (AR) can completely transform online gambling and move it toward a more participatory and realistic future. Virtual reality (VR) has the potential to produce realistic casino experiences where users may virtually navigate a gaming floor, engage in real-time communication with virtual dealers and other players, and enjoy the excitement of gaming in an exquisitely crafted digital realm.
• AR, however, can superimpose virtual objects on the actual environment. Gamers may turn their backyards into virtual racetracks or display holographic versions of casino games on their living room tables using their cellphones or tablets. This augmented reality layer would make gambling more dynamic and exciting by blurring the boundaries between the actual and virtual worlds. Online gambling platforms that use these developments can draw in new player base demographics, increase player engagement, and broaden the market's potential income stream as VR and AR technologies develop and become more accessible.

The market is segmented based on Type, Platform, and Region.

Type Insights:

• Sports: The popularity of sports worldwide, the convenience of placing bets online, and the constantly growing selection of betting alternatives all contribute to sports betting's dominant position. In-play betting and esports are two fascinating new frontiers in sports betting that let spectators gamble during live events, bringing even more pleasure and excitement to the watching experience.
• Casino: In this section, players can find a wide selection of online versions of their favorite traditional casino games, such as feature-rich slot machines for novices, immersive live dealer games that mimic the feel of a real casino, and strategic table games (blackjack, roulette, poker, and baccarat) for seasoned players.
• Poker: With the popularity of mobile poker applications, playing poker on the go has become more accessible, and online poker tournaments are thriving, appealing to both professional and recreational players. The social and competitive elements of online poker continue to be its main draws, and the market for online poker is predicted to develop steadily thanks to the rising acceptance of mobile poker and creative tournament structures.
• Bingo: Online bingo is very social; in order to reach a larger audience and maybe draw in younger players, it provides chat rooms, community activities, and faster-paced games.

Platform Insights:

• Mobile: Because so many people own smartphones and tablets, the mobile gambling market is the clear leader in online gambling. The mobile revolution is being driven by feature-rich and user-friendly mobile gaming applications that are tailored for touch interfaces and smaller screens.
• Computer: Desktop PCs will probably continue to be useful platforms for some segments of the online gambling sector, even with the popularity of mobile gambling. Even if their market share may decline, gamers who favor desktop over mobile devices may have a richer and more immersive experience thanks to the ongoing creation of excellent games designed for bigger displays and the possible inclusion of VR technology in the future.
• Others: This category includes new media such as wearable technology, smart TVs, and even virtual reality headsets (which may be developed in the future). These platforms represent an exciting opportunity for future expansion, even if they represent a small percentage of the industry.

Regional Insights

• North America: A developed market with a strong sports betting and casino gambling culture, well-established rules, and a high internet penetration rate. Although development may be slower than in developing nations, this area will still likely hold a sizable portion of the market. Sustained growth will need a focus on innovation, mobile optimization, and safe gaming practices.
• Asia Pacific: The region is seeing the quickest growth because of a rising number of people using the internet, rising disposable incomes, and a growing trend of online gambling, especially sports betting. Nonetheless, laws differ greatly throughout this vast area, with several nations enforcing severe restrictions. As internet infrastructure advances and laws change, Asia Pacific is anticipated to be a key growth area for the online gambling industry.
• Europe: This market is expanding quickly, has more regulated states, and has a large interest in online gaming from a range of demographics. Two main forces in this market are the emergence of esports betting and the appeal of mobile gaming. Considerations include strict laws about data protection and advertising.
• Latin America: A developing region where interest in online gambling is expanding along with the number of internet users. Nonetheless, market expansion may be impacted by economic volatility and the ongoing evolution of regulatory frameworks. Mobile gaming has a great deal of promise, and Latin America can grow into a significant participant in the online gambling industry with the correct regulatory framework.
• Middle East and Africa: A developing region with rising internet users and a growing appetite for online gaming. Strict laws and cultural factors, however, provide significant obstacles. Later in the projected period, the MEA area may show promise as rules change and internet access increases.

Online Gambling Market Report Scope:

Attribute	Details
Market Size 2024	USD 104.2 Billion
Projected Market Size 2034	USD 329.6 Billion
CAGR Growth Rate	13.5%
Base year for estimation	2023
Forecast period	2024 – 2034
Market representation	Revenue in USD Billion & CAGR from 2024 to 2034
Market Segmentation	By Type - Sports, Casino, Poker, and Bingo. By Platform - Mobile, Computer, and Others.
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study segmented the target market report based on Type, Platform, and Region.

Segmentation:

By Type:

• Sports
• Casino
• Poker
• Bingo

By Platform:

• Mobile
• Computer
• Others

By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating the Online Gambling Market include Entain PLC, Sky Betting & Gaming, Paddy Power Betfair PLC, Kindred Group PLC, William Hill PLC, 888 Holdings PLC, MGM Resorts International, Betsson AB, The Stars Group Inc., GVC Holdings PLC, Bet365 Group Ltd., Ladbrokes Coral Group PLC, LeoVegas Mobile Gaming Group, and Intralot S.A.

• In March 2024, 888 Group, a gambling operator, announced that it is selling its B2C operations in the US to online sports betting and interactive gaming startup Hard Rock Digital, following a strategic evaluation of the business. Eight hundred eighty-eight said earlier in March that it was considering ways to add value to the company, such as selling and carefully withdrawing from its US B2C businesses, which are present in four states.
• In February 2023, The Evolution Group declared that it had reached a deal with Sky Betting & Gaming of Flutter to provide all of Evolution's premium live gaming services. As a result of the company's most recent agreement with Sky Betting & Gaming, Evolution's live casino content will launch on Sky Vegas, Sky Bet, and Sky Bingo. The most played free-to-play sports games in the UK include Sky Sports Fantasy Football, Soccer Saturday Super 6, and ITV7, among other Sky Betting & Gaming brands.

• Entain PLC*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Sky Betting & Gaming
• Paddy Power Betfair PLC
• Kindred Group PLC
• William Hill PLC
• 888 Holdings PLC
• MGM Resorts International
• Betsson AB
• The Stars Group Inc.
• GVC Holdings PLC
• Bet365 Group Ltd.
• Ladbrokes Coral Group PLC
• LeoVegas Mobile Gaming Group
• Intralot S.A.

“*” marked represents similar segmentation in other categories in the respective section

1. Research Objective and Assumption
   • Research Objectives
   • Assumptions
   • Abbreviations
2. Market Preview
   • Report Description
     • Market Definition and Scope
   • Executive Summary
     • Market Snippet, By Type
     • Market Snippet, By Platform
     • Market Snippet, By Region
   • Opportunity Map Analysis
3. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restraints
     • Market Opportunities
   • Market Trends
   • Product Launch
   • Merger and Acquisitions
   • Impact Analysis
   • PEST Analysis
   • Porter’s Analysis
4. Market Segmentation, Type, Forecast Period up to 10 Years, (US$ Bn)
   • Overview
     • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
     • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
     • Segment Trends
   • Sports
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
   • Casino
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
     • Segment Trends
   • Poker
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

• Segment Trends

• Bingo
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

• Segment Trends

1. Market Segmentation, Platform, Forecast Period up to 10 Years, (US$ Bn)
   • Overview
     • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
     • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
     • Segment Trends
   • Mobile
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
   • Computer
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
   • Others
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
2. Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
   • Overview
     • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
     • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
     • Regional Trends
   • North America
     • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
     • Market Size and Forecast (US$ Bn), By Platform, Forecast Period up to 10 Years
     • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
       • U.S
       • Canada
   • Asia Pacific
     • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
     • Market Size and Forecast (US$ Bn), By Platform, Forecast Period up to 10 Years
     • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
       • India
       • Japan
       • South Korea
       • China
       • Rest of Asia Pacific
   • Europe
     • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
     • Market Size and Forecast (US$ Bn), By Platform, Forecast Period up to 10 Years
     • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
       • UK
       • Germany
       • France
       • Russia
       • Italy
       • Rest of Europe
   • Latin America
     • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
     • Market Size and Forecast (US$ Bn), By Platform, Forecast Period up to 10 Years
     • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
       • Brazil
       • Mexico
       • Rest of Latin America
   • Middle East and Africa
     • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
     • Market Size and Forecast (US$ Bn), By Platform, Forecast Period up to 10 Years
     • and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
       • GCC
       • Israel
       • South Africa
       • Rest of Middle East and Africa
3. Competitive Landscape

• Heat Map Analysis
• Company Profiles
  • Entain PLC
  • Sky Betting & Gaming
  • Paddy Power Betfair PLC
  • Kindred Group PLC
  • William Hill PLC
  • 888 Holdings PLC
  • MGM Resorts International
  • Betsson AB
  • The Stars Group Inc.
  • GVC Holdings PLC
  • Bet365 Group Ltd.
  • Ladbrokes Coral Group PLC
  • LeoVegas Mobile Gaming Group
  • Intralot S.A.

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