Global Online Poker Market Size Likely to Surpass At a CAGR of 12% By 2033

Mobile Segment to Register at High CAGR in the Online Poker Market

According to Custom Market Insights (CMI), The Global Online Poker Market size was estimated at USD 96.2 Billion in 2023 and is expected to hit around USD 170 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 12% from 2023 to 2030.

Our research report offers a 360-degree view of the Online Poker market’s drivers and restraints, coupled with the impact they have on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Online Poker market.

Online Poker Market: Overview

Online poker is incredibly popular and will only continue to grow in popularity as a result of the widespread use of smartphones, acceptance of Bitcoin and other digital currencies, and ease of access to casino websites. Aiming to promote the desired level of confidence in the online betting business, technological developments coexist with the annual expansion of online poker.

For example, virtual reality in gaming creates a simulation of the surroundings; users can interact with them in a real way with specialized equipment such as gloves with sensors.

VR delivers a more realistic gambling experience, higher sound quality, and a realistic game design, as well as allowing players to interact with other players and dealers. Through the creation of new growth potential, VR has assisted the market in improving the gambling experience.

Browse the full “Online Poker Market Size, Trends and Insights By End-User (Gambling Enthusiasts, Dabblers, Social Exuberant, Teenagers and Adults), By Type (Texas Hold’em Poker, Omaha, 7-Card Stud, 5-Card Draw, Follow The Queen), By Application (Gambling, Entertainment) By Platform (PC, Tablet, Smartphone, Gaming Console, Arcade Games) By Payment Mode (Credit Cards, Debit Cards, Net Banking) and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032 “ report at https://www.custommarketinsights.com/report/online-poker-market/

Growth Factors

The market is being driven by expanding internet penetration as well as a rise in the number of people using their mobile phones to play online games both at home and in public. In addition, factors including legal and cultural acceptance, simple access to internet gambling, celebrity endorsements, and corporate sponsorships are promoting industry expansion. The industry is expected to grow more as a result of the affordable mobile applications that are readily available everywhere.

Online poker games place a strong emphasis on creating informational tools that help and support players, protect the integrity of gambling, and guard against fraud. Many online gambling websites provide a free-play version of their games, which presents company growth possibilities.

Many nations have legalized gambling because it creates jobs and generates more tax money for municipal and state governments. In places where casinos play a part in tourist vacations, gambling has also had a good impact on local retail sales for the hotel industry, which has helped the business grow quickly.

Additionally, the adoption of blockchain technology has significantly impacted market expansion. Transparency in gambling activity is ensured by the blockchain’s ability to make safe payments. Due to the speed and security of Bitcoin transactions, gambling offers a wide range of chances. Because bitcoin transactions are subject to fewer regulations, they are now widely employed in online gambling.

Segmental Overview

The market for Online Poker is segmented into device type and end-user. By device type, the mobile segment is anticipated to witness a tremendous CAGR during 2022­­-2030. Innovative mobile phone technologies have produced stunning smartphone gaming images, increasing access to online gambling on mobile devices. It’s convenient for gamblers to use their mobile devices to place bets. The easy availability of mobile phones at affordable rates, together with cutting-edge features like improved graphics and larger storage capacity is credited with driving the sector’s growth.  Players can enjoy a number of benefits from mobile online gambling, including loyalty points, more deposit choices, and multiplayer opportunities with players from all around the world.

Regional Overview

Europe is expected to hold the largest share of the online poker market. The majority of the growth is attributed to the legalization of online gambling in countries such as Italy, Germany, the UK, Italy, Poland, Malta, and Spain. Moreover, the high disposable income, high spending on leisure, and growing popularity of online gambling, in the region is supporting the market growth. Whereas, the Asia Pacific region is projected to witness a high CAGR during 2022-2030.

The relaxation in government rules across Asian countries concerning online betting is boosting the market. Also, increasing spending the population on leisure activities is expected to fuel the market. However, the negative mental impact on players and bans in certain countries is hindering the growth of the market in the region.

Report Scope

Competitive Landscape

By examining market segments and projecting market size, the reports also aid in understanding the dynamics and organizational structure of the global Online Poker industry. The study serves as an investor’s guide thanks to its clear depiction of competitive analysis of key companies by product, price, financial condition, product portfolio, growth plans, and regional presence in the worldwide access control market.

• July 2022: PokerBaazi.com has launched a new advertising campaign called ‘You Hold the Cards,’ which stars brand ambassador Shahid Kapoor.  The brand’s ‘You Hold the Cards’ campaign aims to raise awareness of poker as a skill-based sport and establish it in Poker.
• June 2022: PokerStars, part of Flutter Entertainment, announced today it has been granted full registration to operate in the Canadian province of Ontario, by the Alcohol and Gaming Commission of Ontario (AGCO).

Some of the prominent players

• 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 global Online Poker market is segmented as follows:

By End-user

• Gambling Enthusiasts
• Dabblers
• Social Exuberant
• Teenagers
• Adults

By Type 

• Texas Hold’em Poker
• Omaha
• 7-Card Stud
• 5-Card Draw
• Follow The Queen

By Application 

• Gambling
• Entertainment

By Platform 

• PC
• Tablet
• Smartphone
• Gaming Console
• Arcade Games

By Payment Mode 

• Credit Cards
• Debit Cards
• Net Banking

On the basis of Geography

North America

• The U.S.
• Canada
• Mexico

Europe

• France
• The UK
• Spain
• Germany
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America