Global Online Poker Market Size Likely to Grow at a CAGR of 12.2% By 2033

As per the current market research conducted by the CMI Team, the global Online Poker Market size is expected to record a CAGR of 12.2% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 102.8 Billion. By 2033, the valuation is anticipated to reach USD 302.2 Billion.

Online Poker Market: Overview

According to industry experts at CMI, online poker is a more current and modernized version of the traditional poker game, previously played in casinos and gaming rooms. Online poker is the same game played over the Internet by players from all around the world.

It is legal in various nations, including the United States, the Caribbean, and large portions of India. This card game allows players to place wagers with chips. Chips symbolize the money wagered in the game. In addition, players might gamble based on the worth of their hands.

The online poker industry is driven by several factors, such as the growing adoption of smartphones, increasing investment in 5G infrastructure, technological advancements, increasing legalization of gambling, and growing disposable income. However, cybersecurity threats pose a major challenge for industry expansion.

Online Poker Market: Growth Factors and Dynamics

Shift towards the adoption of mobile pokers.

The growing popularity of smartphones has had a tremendous impact on the online poker market, changing how players access, interact with, and enjoy the game. While smartphones provide ease and accessibility, they also present distinct potential and challenges for online poker operators as they strive to cater to a mobile-first clientele.

Smartphones enable players to play poker anytime and anywhere, which makes it more accessible to wider people. Furthermore, mobile poker is a favored option for casual gamers compared to PC-based counterparts.

Adoption of blockchain technology

The emergence of blockchain technology drives the industry expansion. Online gaming is now accepted as blockchain payment. For instance, BitStarz, a bitcoin gambling site, has over 4 million regular users. Blockchain ledgers can enable secure payments and transparency in gambling activity.

Gambling with cryptocurrency provides numerous chances because transactions are quick and secure. With fewer controls and restrictions on Bitcoin transactions, online gamblers now commonly use them. Thus, using blockchain technology will likely give an appealing prospect for market growth during the forecast period.

Stringent regulatory environment

The global online poker sector is among the most strictly regulated worldwide. This is owing to the addictive nature of internet entertainment. Traditional poker involves real money transactions, and while this may not always be the case with online poker, concerns about the industry’s negative impact on the general public are growing daily. As a result, the legislation and laws governing online poker vary by area, making business operations challenging for players.

Report Scope

Online Poker Market: New Launches and Acquisitions

• In April 2023, 888poker launched a new side game called Card Strike, a bingo-style cash game promotion.

List of the prominent players in the Online Poker Market:

• Tencent
• Playtika
• Zynga Inc.
• PokerStars
• Arkadium
• Baazi Games
• MPL
• Quadrific Media Pvt Ltd.
• Pocket52
• BLITZ POKER
• Ignition
• Americas Cardroom
• BetOnline
• Every game
• True Poker
• Bovada
• Juicy Stakes
• Others

The Online Poker Market is segmented as follows: