Global Online Gambling Market Size & Outlook, 2023-2030
Global online gambling market, 2018-2030 (US$M)
Related Markets
Global online gambling market highlights
- The global online gambling market generated a revenue of USD 70,643.9 million in 2023 and is expected to reach USD 153,566.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 11.7% by 2030.
- In terms of segment, sports betting accounted for a revenue of USD 35,117.4 million in 2023.
- Sports Betting is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, Turkey is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 70,643.9 million |
| Market revenue in 2030 | USD 153,566.1 million |
| Growth rate | 11.7% (CAGR from 2023 to 2030) |
| Largest segment | Sports betting |
| Fastest growing segment | Sports Betting |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sports Betting, Casinos, Poker, Bingo |
Other key industry trends
- In terms of revenue, the North America accounted for 18.5% of the global online gambling market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Turkey is the fastest growing regional market and is projected to reach USD 1,678.0 million by 2030.
Sports betting was the largest segment with a revenue share of 49.71% in 2023. Horizon Databook has segmented the Global online gambling market based on sports betting, casinos, poker, bingo covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing investments in the online gambling market can be largely credited to the rising demand for cost-effective payment mechanisms. Another crucial factor favoring investments in online gambling is the introduction of virtual and augmented reality.
There are enormous investment opportunities in the market which has influenced professional players to invest in sports betting and stocks of some of the key online gambling companies. Various new entrants and investors are reaching out to stakeholders in the online gambling market, including operators, suppliers, regulators, and industry-focused legal/ financial advisors.
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Online Gambling Market Scope
Online Gambling Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global online gambling market size, by regions, 2018-2030 (US$M)
Top 10 countries: Online gambling market size, 2023 (US$M)
Global online gambling market share, by type, 2023 & 2030 (%, US$M)
Online gambling market: Opportunity assessment by country
Global online gambling market, by region, 2023 (US$M)
| Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 8,771.1 | 9,761.8 | 9,647.7 | 10,556.6 | 11,709.0 | 13,080.0 | 14,629.9 | 16,381.0 | 18,383.6 | 20,646.6 | 23,200.0 | 26,095.3 | 29,380.1 | 12.3% |
| Europe | 19,871.0 | 22,026.2 | 21,682.3 | 23,632.3 | 26,111.2 | 29,057.8 | 32,379.1 | 36,120.5 | 40,367.8 | 45,163.9 | 50,562.5 | 56,658.9 | 63,552.8 | 11.8% |
| Asia Pacific | 11,162.8 | 12,471.0 | 12,372.7 | 13,590.8 | 15,133.3 | 16,971.6 | 19,057.5 | 21,423.3 | 24,111.2 | 27,174.2 | 30,648.0 | 34,592.2 | 39,079.8 | 12.7% |
| Latin America | 4,887.0 | 5,354.6 | 5,209.5 | 5,610.9 | 6,125.2 | 6,733.6 | 7,410.9 | 8,164.2 | 9,014.3 | 9,958.7 | 11,006.1 | 12,174.7 | 13,478.5 | 10.4% |
| MEA | 3,825.1 | 4,114.2 | 3,929.0 | 4,153.6 | 4,450.2 | 4,801.0 | 5,184.6 | 5,603.6 | 5,996.7 | 6,459.7 | 6,972.6 | 7,505.9 | 8,075.0 | 7.7% |
| Overall | 48,517.1 | 53,727.8 | 52,841.2 | 57,544.1 | 63,528.8 | 70,643.9 | 78,662.0 | 87,692.5 | 97,873.6 | 109,403.1 | 122,389.2 | 137,026.9 | 153,566.1 | 11.7% |
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