China Online Gambling Market Size & Outlook, 2023-2030
China online gambling market, 2018-2030 (US$M)
Related Markets
China online gambling market highlights
- The China online gambling market generated a revenue of USD 521.9 million in 2023 and is expected to reach USD 1,912.7 million by 2030.
- The China market is expected to grow at a CAGR of 20.4% from 2024 to 2030.
- In terms of segment, sports betting was the largest revenue generating type in 2023.
- Sports Betting is the most lucrative type segment registering the fastest growth during the forecast period.
Online gambling market data book summary
| Market revenue in 2023 | USD 521.9 million |
| Market revenue in 2030 | USD 1,912.7 million |
| Growth rate | 20.4% (CAGR from 2023 to 2030) |
| Largest segment | Sports betting |
| Fastest growing segment | Sports Betting |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sports Betting, Casinos, Poker, Bingo |
| Key market players worldwide | Evoke Pharma Inc, Betsson AB Class B, Entain PLC, Flutter Entertainment PLC, Churchill Downs Inc, Kindred Group PLC SEDR, Sportech PLC |
Other key industry trends
- In terms of revenue, China accounted for 0.7% of the global online gambling market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India online gambling market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,912.7 million by 2030.
Sports betting was the largest segment with a revenue share of 50.16% in 2023. Horizon Databook has segmented the China online gambling market based on sports betting, casinos, poker, bingo covering the revenue growth of each sub-segment from 2018 to 2030.
Online gambling is illegal in China except for the state-run lottery and some sports betting. The Chinese government has taken strict measures to curb illegal online gambling in the country, including blocking access to offshore gambling websites and cracking down on illegal gambling activities.
In 2020, the government launched a nationwide campaign to combat online gambling resulting in the arrest of thousands of individuals and the closure of many illegal gambling operations.
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Online Gambling Market Scope
Online Gambling Market Companies
| Name | Profile | # Employees | HQ | Website |
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China online gambling market size, by type, 2018-2030 (US$M)
China Online Gambling Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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