Online Gambling and Betting Market Size, Share, Growth Analysis Report By Game Form (Poker, Casino, Bingo, Sports Betting, Lottery, Others), By Device (Desktop, Mobile, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Bet365
- GVC Holdings PLC
- William Hill
- Paddy Power Betfair PLC
- Others
Reports Description
The global online gambling & betting market size was estimated at USD 58.2 billion in 2021 and is anticipated to reach around USD 145.6 billion by 2030, growing at a CAGR of roughly 12% between 2022 and 2030. The global Online Gambling & Betting market research report offers an in-depth analysis of the global market size, which is further segmented into regional and country-level market size, and segmentation market growth. Also, it provides the market share, sales analysis, competitive landscape, the impact of domestic and global market participants, trade regulations, value chain optimization, recent key developments, strategic market growth analysis, opportunities analysis, product launches, and technological innovations.
Online Gambling and Betting Market: Overview
Online Gambling and Betting refers to wagering on sports-type or casinos on the internet. These online apps or websites comprise a wide-ranging variety of games. The players can bet on these live games/sports or other related games for winning prizes or money in return. The transaction made on these apps or websites is done via electronic data exchange, which can be either real-time or through internet or intranet networks.
Online Gambling and Betting Market: COVID-19 Impact Analysis
The outbreak of COVID-19 positively impacted the growth of the Online Gambling and Betting Market. Various governments across the world imposed lockdowns to control the virus’s spread. Further, strict restrictions were imposed on the movement of people, which impacted the business of land-based or offline casinos. This resulted in increasing the popularity of online gaming websites and apps. A number of players shifted their focus towards online gambling. It helped to expand their reach among people globally. However, cancelling major sports events owing to COVID-19 impacted the sports betting segment, particularly in 2020. Although, with the withdrawal of preventive measures taken by the government, the market for online gambling and betting is expected to boom during 2022-2030.
Online Gambling and Betting Market: Growth Drivers
Ease of payment online is fueling the Online Gambling and Betting market
With the boom in internet penetration and the digital transformation of banking services, online payment methods for individuals have become quite easy and are widely accepted. Further, growth in online/digital payments coupled with stringent regulations has resulted in the adoption of various safety measurement technologies by providers, thus making digital payment platforms secure and safe.
Digital payments provide convenient and upfront payment options, which is encouraging people to participate in online gambling. Also, payment E-wallets are gaining popularity, such as PayPal, Neteller, or GPay, which is further making it convenient and safe for people to make online transactions on gambling platforms. For instance, Neteller can be used for performing transactions in over 200 countries across the world. Thereby, the ease of payment online is boosting the Online Gambling and Betting Market.
Widespread Smartphone Penetration
The increasing penetration of smartphones, particularly in developing economies, is boosting the Online Gambling and Betting Market. Further, during COVID-19, smartphone penetration further increased at an annual rate of around 55%. The increasing availability of affordable smartphones is a key factor boosting the growth of smartphone adoption among individuals. The rise in smartphone and internet penetration is boosting the Online Gambling and Betting market worldwide.
Online Gambling and Betting Market: Segmentation Analysis
The Online Gambling and Betting market is categorized into game types and devices. Based on game type, the sports betting segment is expected to hold the dominant market share in 2021. One of the key reasons for this growth is attributed to the increase in sponsorships concerning sports betting. Also, the rising disposable income is further expected to fuel market growth.
By device, the desktop segment is anticipated to experience high growth. The desktop offers better graphic design, more storage space, and clear image quality, which results in improving the overall customer experience. However, the mobile phone segment is expected to hold a larger market share.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 58.2 Billion |
| Projected Market Size in 2030 | USD 145.6 Billion |
| CAGR Growth Rate | 12% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | Bet365, GVC Holdings PLC, William Hill, Paddy Power Betfair PLC, Ladbrokes Coral Group PLC, Betsson AB, The Stars Group Inc., Sky Betting and Gaming, 888 Holdings PLC, Kindred Group PLC, and Others |
| Key Segment | By Game Form, Device, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research, |
Key Insights:
- As per the analysis shared by our research analyst, the Online Gambling and Betting market is estimated to grow annually at a CAGR of around 12% over the forecast period (2022-2030).
- In terms of revenue, the Online Gambling and Betting market size was valued at around USD 58.2 billion in 2021 and is projected to reach USD 145.6 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- Based on game type segmentation, the sports betting segment was predicted to show maximum market share in the year 2021.
- Based on device segmentation, the mobile phone segment was the leading revenue-generating category in 2021.
- On the basis of region, the Europe region was the leading revenue generator in 2021.
Recent Development
- July 2022: Bragg Gaming Group expanded its partnership with Rush Street Interactive for launching online casino content with BetRivers.ca Brand based in Ontario.
- April 2022: Gaming Innovation Group, iGaming Technology Company, signed the head of terms agreement with Aspers Group, a tier 1 UK retail operator for a platform and managed services.
Regional Landscape
The Online Gambling and Betting market is dominated by the Europe region. A number of economies in the region, such as Germany, France, Spain, the UK, and Italy, have their online legal legislation in place. For instance, the UK Gaming Commission established the Gambling Act 2005, enabling corporations to advertise their gambling platform, thus propelling the growth of the online gaming sector in the region. Moreover, the availability of high-speed internet, high disposable income, and increasing online gaming popularity is boosting the growth of the market.
Meanwhile, Asia Pacific is projected to notice tremendous growth owing to the rising use of the internet and relaxation from governments for the use of online gambling. A number of governments in the Asia Pacific region, such as Thailand, the Philippines, and India, are taking initiative by creating a blueprint for online gaming regulations. Moreover, with the rising spending capabilities of the population in the region, the expenditure on leisure is anticipated to rise, thus boosting the market for Online Gambling and Betting.
Competitive Landscape
Leading players operating in Online Gambling and Betting market are focused on constant innovations to distinguish and personalize their offerings for potential users. Some of the key strategies expected to take place in the market during the forecast years include mergers and acquisitions, new offerings, and partnerships.
Our report offers both quantitative and qualitative insights into the Online Gambling and Betting market and major development initiatives adopted by the key players. Further, it offers competitive details and market share analysis. The report further includes relevant financial information, products and services offered, SWOT analysis, and recent developments of the players profiled.
The global online gambling and betting market is segmented as follows:
By Game Form
- Poker
- Casino
- Bingo
- Sports Betting
- Lottery
- Others
By Device
- Desktop
- Mobile
- Others
By Geography
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- 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
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Online Gambling and Betting Market, (2022 – 2030) (USD Billion)
- 2.2 Global Online Gambling and Betting Market: snapshot
- Chapter 3. Global Online Gambling and Betting Market – Industry Analysis
- 3.1 Online Gambling and Betting Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Rapid internet penetration
- 3.2.2 Driver 2
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Game Form
- 3.7.2 Market attractiveness analysis By Device
- Chapter 4. Global Online Gambling and Betting Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Online Gambling and Betting Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Online Gambling and Betting Market – Game Form Analysis
- 5.1 Global Online Gambling and Betting Market overview: By Game Form
- 5.1.1 Global Online Gambling and Betting Market share, By Game Form, 2021 and 2030
- 5.2 Poker
- 5.2.1 Global Online Gambling and Betting Market by Poker, 2022 – 2030 (USD Billion)
- 5.3 Casino
- 5.3.1 Global Online Gambling and Betting Market by Casino, 2022 – 2030 (USD Billion)
- 5.4 Bingo
- 5.4.1 Global Online Gambling and Betting Market by Bingo, 2022 – 2030 (USD Billion)
- 5.5 Sports Betting
- 5.5.1 Global Online Gambling and Betting Market by Sports Betting, 2022 – 2030 (USD Billion)
- 5.6 Lottery
- 5.6.1 Global Online Gambling and Betting Market by Lottery, 2022 – 2030 (USD Billion)
- 5.7 Others
- 5.7.1 Global Online Gambling and Betting Market by Others, 2022 – 2030 (USD Billion)
- 5.1 Global Online Gambling and Betting Market overview: By Game Form
- Chapter 6. Global Online Gambling and Betting Market – Device Analysis
- 6.1 Global Online Gambling and Betting Market overview: By Device
- 6.1.1 Global Online Gambling and Betting Market share, By Device, 2021 and 2030
- 6.2 Desktop
- 6.2.1 Global Online Gambling and Betting Market by Desktop, 2022 – 2030 (USD Billion)
- 6.3 Mobile
- 6.3.1 Global Online Gambling and Betting Market by Mobile, 2022 – 2030 (USD Billion)
- 6.4 Others
- 6.4.1 Global Online Gambling and Betting Market by Others, 2022 – 2030 (USD Billion)
- 6.1 Global Online Gambling and Betting Market overview: By Device
- Chapter 7. Online Gambling and Betting Market – Regional Analysis
- 7.1 Global Online Gambling and Betting Market Regional Overview
- 7.2 Global Online Gambling and Betting Market Share, by Region, 2021 & 2030 (USD Billion)
- 7.3. North America
- 7.3.1 North America Online Gambling and Betting Market, 2022 – 2030 (USD Billion)
- 7.3.1.1 North America Online Gambling and Betting Market, by Country, 2022 – 2030 (USD Billion)
- 7.3.1 North America Online Gambling and Betting Market, 2022 – 2030 (USD Billion)
- 7.4 North America Online Gambling and Betting Market, by Game Form, 2022 – 2030
- 7.4.1 North America Online Gambling and Betting Market, by Game Form, 2022 – 2030 (USD Billion)
- 7.5 North America Online Gambling and Betting Market, by Device, 2022 – 2030
- 7.5.1 North America Online Gambling and Betting Market, by Device, 2022 – 2030 (USD Billion)
- 7.6. Europe
- 7.6.1 Europe Online Gambling and Betting Market, 2022 – 2030 (USD Billion)
- 7.6.1.1 Europe Online Gambling and Betting Market, by Country, 2022 – 2030 (USD Billion)
- 7.6.1 Europe Online Gambling and Betting Market, 2022 – 2030 (USD Billion)
- 7.7 Europe Online Gambling and Betting Market, by Game Form, 2022 – 2030
- 7.7.1 Europe Online Gambling and Betting Market, by Game Form, 2022 – 2030 (USD Billion)
- 7.8 Europe Online Gambling and Betting Market, by Device, 2022 – 2030
- 7.8.1 Europe Online Gambling and Betting Market, by Device, 2022 – 2030 (USD Billion)
- 7.9. Asia Pacific
- 7.9.1 Asia Pacific Online Gambling and Betting Market, 2022 – 2030 (USD Billion)
- 7.9.1.1 Asia Pacific Online Gambling and Betting Market, by Country, 2022 – 2030 (USD Billion)
- 7.9.1 Asia Pacific Online Gambling and Betting Market, 2022 – 2030 (USD Billion)
- 7.10 Asia Pacific Online Gambling and Betting Market, by Game Form, 2022 – 2030
- 7.10.1 Asia Pacific Online Gambling and Betting Market, by Game Form, 2022 – 2030 (USD Billion)
- 7.11 Asia Pacific Online Gambling and Betting Market, by Device, 2022 – 2030
- 7.11.1 Asia Pacific Online Gambling and Betting Market, by Device, 2022 – 2030 (USD Billion)
- 7.12. Latin America
- 7.12.1 Latin America Online Gambling and Betting Market, 2022 – 2030 (USD Billion)
- 7.12.1.1 Latin America Online Gambling and Betting Market, by Country, 2022 – 2030 (USD Billion)
- 7.12.1 Latin America Online Gambling and Betting Market, 2022 – 2030 (USD Billion)
- 7.13 Latin America Online Gambling and Betting Market, by Game Form, 2022 – 2030
- 7.13.1 Latin America Online Gambling and Betting Market, by Game Form, 2022 – 2030 (USD Billion)
- 7.14 Latin America Online Gambling and Betting Market, by Device, 2022 – 2030
- 7.14.1 Latin America Online Gambling and Betting Market, by Device, 2022 – 2030 (USD Billion)
- 7.15. The Middle-East and Africa
- 7.15.1 The Middle-East and Africa Online Gambling and Betting Market, 2022 – 2030 (USD Billion)
- 7.15.1.1 The Middle-East and Africa Online Gambling and Betting Market, by Country, 2022 – 2030 (USD Billion)
- 7.15.1 The Middle-East and Africa Online Gambling and Betting Market, 2022 – 2030 (USD Billion)
- 7.16 The Middle-East and Africa Online Gambling and Betting Market, by Game Form, 2022 – 2030
- 7.16.1 The Middle-East and Africa Online Gambling and Betting Market, by Game Form, 2022 – 2030 (USD Billion)
- 7.17 The Middle-East and Africa Online Gambling and Betting Market, by Device, 2022 – 2030
- 7.17.1 The Middle-East and Africa Online Gambling and Betting Market, by Device, 2022 – 2030 (USD Billion)
- Chapter 8. Company Profiles
- 8.1 Bet365
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 GVC Holdings PLC
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 William Hill
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 Paddy Power Betfair PLC
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 Ladbrokes Coral Group PLC
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 Betsson AB
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 The Stars Group Inc.
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 Sky Betting and Gaming
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 888 Holdings PLC
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 Kindred Group PLC
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.1 Bet365
List Of Figures
Figures 1 to 23
List Of Tables
Tables 1 to 52
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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FAQs
“Europe” region will lead the global Online Gambling & Betting market during the forecast period 2022 to 2030.
The key factor driving the market is the increasing penetration of smartphones, particularly in developing economies, which is boosting the Online Gambling & Betting Market.
The key players operating in the Online Gambling & Betting market are Bet365, GVC Holdings PLC, William Hill, Paddy Power Betfair PLC, Ladbrokes Coral Group PLC, Betsson AB, The Stars Group Inc., Sky Betting and Gaming, 888 Holdings PLC, Kindred Group PLC, and Others.
The global Online Gambling & Betting market is expanding with growth with a CAGR of approximately 12% during the forecast period (2022 to 2030).
The global Online Gambling & Betting market size was valued at USD 58.2 billion in 2021 and it is projected to reach around USD 145.6 billion by 2030.