Internet Gambling Betting Market Outlook

The global internet gambling betting market size was valued at approximately $66.7 billion in 2023 and is projected to reach around $153.6 billion by 2032, growing at a compound annual growth rate (CAGR) of 9.5% during the forecast period. The market is witnessing rapid, robust growth due to the increasing penetration of smartphones, the proliferation of high-speed internet, and the regulatory relaxation in various regions.

One of the primary growth factors driving the market is the widespread adoption of smartphones and other mobile devices, which has facilitated easier access to online gambling platforms. As of 2023, over 6 billion people worldwide own a smartphone, allowing them to engage in internet betting conveniently. Moreover, the enhancement in internet speed and connectivity, particularly with the advent of 5G technology, has further streamlined the user experience, making online gambling more appealing.

Another significant driver is the increasing acceptance and legalization of internet gambling in various parts of the world. Countries are beginning to recognize the potential revenue from online gambling, leading to more relaxed regulatory frameworks. For example, several states in the US have recently legalized online betting, contributing to the market's expansion. Such regulatory changes not only increase market size but also boost investor confidence, leading to increased funding and technological advancements in the sector.

The rise in disposable income and changing lifestyles are also contributing to market growth. As more individuals find themselves with more leisure time and higher disposable incomes, they are more likely to indulge in online betting as a form of entertainment. Additionally, the COVID-19 pandemic has accelerated the shift towards online platforms, as people sought alternative leisure activities while confined to their homes. This behavioral shift is expected to have a lasting impact, further propelling the market growth.

Regionally, the Asia Pacific is anticipated to witness significant growth due to the increasing internet penetration and the legalization of online gambling in countries like India and the Philippines. North America, particularly the United States, is expected to show strong growth due to recent legislative changes allowing online gambling in various states. Europe remains a mature market with steady growth, driven by countries like the UK and Germany. Latin America and the Middle East & Africa are also emerging markets, showing potential due to increasing internet access and changing regulations.

The integration of Online Casino And Bingo into the internet gambling landscape has been a significant factor in the market's growth. Online casinos offer a wide array of games, from traditional table games to innovative slots, attracting a diverse audience. The convenience of playing from home, coupled with the immersive experience provided by advanced graphics and live dealer options, has made online casinos a popular choice. Similarly, online bingo platforms have evolved to include social features and various game formats, appealing to a broad demographic, particularly older adults. These platforms provide not only entertainment but also a sense of community, which has been instrumental in their sustained popularity.

Game Type Analysis

The internet gambling betting market is segmented by game type, including Poker, Casino, Sports Betting, Bingo, Lottery, and Others. Each game type offers unique features and attracts different segments of the gambling population. Poker continues to be a popular choice due to its strategic nature, requiring skill and experience. Online poker platforms have seen a surge in players, thanks to the convenience of playing from home and the availability of live poker tournaments.

Casino games are another major segment, encompassing various games like slots, blackjack, and roulette. The online casino segment is driven by advancements in graphics and live dealer technology, providing an immersive experience that closely replicates a physical casino. Virtual reality (VR) casinos are an emerging trend within this segment, promising to revolutionize the online gambling experience by offering players a more interactive and realistic environment.

Sports betting holds a significant share of the market, driven by the global popularity of spor

The size of the global online gambling and betting industry amounted to ** billion U.S. dollars in 2024. This has been forecast to rise to *** billion U.S. dollars by 2029. In comparison, the market size of the global sports betting and lottery industry was valued at roughly *** billion U.S. dollars as of March 2025. Overall, the global sports betting industry had more than ******* employees and approximately ****** businesses. What is the most popular type of online gambling in the United States? As of 2024, online sports betting ranked as the form of online gambling with the highest share of participants in the U.S. In total, ** percent of U.S. adults said they made online bets on sports. Meanwhile, the total revenue from sports betting in the U.S. amounted to ***** billion U.S. dollars in 2023, denoting an increase of approximately ** percent from the previous year. Meanwhile, ********** was the most popular sports betting website in the U.S. as of January 2024. What is the United Kingdom’s National Lottery? A lottery is a form of gambling where participants purchase numbered tickets with the aim of matching those numbers with lots, which are drawn randomly at a later date. Established in 1994, the National Lottery is a nationwide version of the activity that is regulated by the Gambling Commission of the United Kingdom. Between April 2023 and March 2024, over ***** billion British pounds worth of National Lottery tickets were sold. Meanwhile, more than *** billion British pounds were available as prize money for potential winners of the National Lottery in the same period.

The Online Gambling Market Report is Segmented by Game Type (Sports Betting, Casino, Lottery, and Bingo), End User (Desktop and Mobile), and Geography (North America, Europe, and Rest of the World). The Report Offers Market Size and Values in (USD) During the Forecast Period for the Above Segments.

Global Online Gambling and Sports Betting is segmented by Application (E-sports, Online casinos, Fantasy sports, Mobile gaming), Type (Online betting platforms, Casino games, Sports betting services) and Geography(North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)

The global online gambling & betting market size was valued at USD 58 billion in 2021 and will reach USD 182.21 billion by 2030, at a CAGR of 11.8%.

Report of Internet Gambling & Betting Market is currently supplying a comprehensive analysis of many things which are liable for economy growth and factors which could play an important part in the increase of the marketplace in the prediction period. The record of Internet Gambling & Betting Industry is providing the thorough study on the grounds of market revenue discuss production and price happened. The report also provides the overview of the segmentation on the basis of area, contemplating the particulars of earnings and sales pertaining to marketplace.

The United States Online Gambling Market Report is Segmented by Game Type (Sports Betting, Casino, Lottery, Bingo, and Other Game Types), Gender (Male and Female), Age Group (Below 25 Years, 25-40 Years, and Above 40 Years), and Device (Desktop, Mobile, and Others). The Market Forecasts are Provided in Terms of Value (USD).

The global Online Gambling and Betting Market was valued at USD 62.8 billion in 2022 and will reach USD 142.8 billion by 2030, registering a CAGR of 10.8% for the forecast period 2023-2030. Market Dynamics of the Online Gambling and Betting Market

Ease of payment online is fueling the online gambling and betting market

Online payment options for individuals have become relatively simple and are widely accepted due to the explosion in internet usage and the digital transformation of financial services. Additionally, the expansion of online/digital payments along with strict laws has prompted providers to employ a number of safety measurement technologies, making digital payment platforms secure and safe. Moreover, Digital payments offer quick and easy ways to make payments, which is encouraging more individuals to gamble online. Additionally, the use of payment E-wallets like PayPal, Neteller, or GPay is growing in popularity. These services make it simple and secure for users to conduct transactions on gambling websites. For instance, Neteller can be used to conduct transactions in more than 200 nations worldwide. Thus, the convenience of online payment is driving up the market for online gambling and betting.

The increasing use of smartphones is expected to drive the market of online gambling and betting 

Along with 5G internet services and well-modified smartphones boosted the market of online gambling and betting. Additionally, smartphone penetration surged during COVID-19. Moreover, a major element driving the growth of smartphone use is the expansion of the availability, of reasonably priced smartphones. For instance, the Entain Plc. subsidiary BetMGM teamed with NBC Sports in September 2022 to give weekly integrations on 2022 NFL season highlights on Football Night in America and other content across all of NBC Sports' platforms. Artificial intelligence, machine learning, and augmented reality are features of contemporary smartphones that aid programmers in developing immersive and interactive gambling applications. Thus, it is anticipated that the industry will be driven by the availability of inexpensive mobile phones.

Government regulation and restriction impacted the online gambling and betting market

There are different rules and regulations implemented on online gambling and betting where as some countries have restricted or banned online gambling. As online gambling has attracted legal scrutiny. Various countries around the world have regulated restrictions significantly which restrain the online gambling market vendors will also lose market share thus resulting in the finical loos

Impact of the COVID-19 Pandemic on the online gambling and betting Market

The COVID-19 epidemic had a favorable effect on the expansion of the online gambling and betting market. Lockdowns were implemented by numerous governments worldwide to stop the virus's spread. Additionally, there were tight limitations placed, which had an effect on the operations on offline casinos. As a result, online gaming apps and websites became more popular. Many players began to concentrate on internet gambling. It contributed to them reaching a wider audience on a global scale. However, the sports betting industry was impacted by the cancellation of important sporting events because of COVID-19, especially in 2020. Although the market for online gaming and betting is anticipated to flourish with the removal of preventive measures established by the government. Introduction of Online Gambling and Betting

Online gambling is a gambling game conducted on the internet. This includes virtual poker, casinos, and sports betting. Today the market is worth around $40 billion globally every year Many countries restrict or ban online gambling. However, it is legal in some states of the United States, some provinces in Canada, most European Union countries, and several Caribbean nations. In many legal markets, online gambling service providers are legally required to have some form of license to provide services or advertise. But the growing internet penetration and rise in the use of mobile phones among users for playing is increasing the demand for online gambling

Online gambling services in the US are hosted on internet platforms that enable consumers to wager on events such as digital table games, interactive games or sporting events, including horse racing. This relatively small but robust industry has sought to capture more consumer spending on gambling services by branching out into hosting online platforms. Other platforms in the sports betting segment are newer, online-based endeavors, like DraftKings, which entered the industry in 2018. In 2020, amid the pandemic, the industry experienced booming growth, though rising operating costs hindered profit. Gambling expenditure has continued to climb as leisure time and disposable income have remained high, benefiting gambling service providers in states that legalized online gambling. Revenue for online gambling services is expected to swell at a CAGR of 30.7% to $20.0 billion through the end of 2025, including a hike of 10.3% in 2025 alone. The magnitude of revenue gains is enhanced by the industry's immaturity and the legalization of online gambling in many states in recent years. These service offerings have exploded in popularity since 2018, when the Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA) of 1992, which prevented states from legalizing online gambling in the future. As of May 2025, 38 US states, Washington, DC, and Puerto Rico have legalized some form of sports betting. The number of legal states has grown from 27 since 2023. Online casino gambling is legal in seven states, including Connecticut, Delaware, Michigan, New Jersey, Nevada, Pennsylvania and West Virginia. Moving forward, the industry will expand quickly but at a slower rate compared with the previous period. While it's impossible to forecast, several major states have explored legalization. Texas and California have not legalized online gambling, representing the two largest consumer markets in the US. Rising consumer spending is expected to spur revenue growth because consumers will have more income and feel more comfortable spending it on discretionary purchases. Revenue is expected to climb at a CAGR of 9.4% to $31.4 billion through the end of 2030.

The global internet gambling and betting market, valued at $71.59 billion in 2025, is projected to experience steady growth, exhibiting a Compound Annual Growth Rate (CAGR) of 1.1% from 2025 to 2033. This relatively modest CAGR reflects a maturing market, where established players dominate and intense competition limits rapid expansion. However, several factors continue to drive market growth. Increased smartphone penetration and readily available high-speed internet access globally expands the potential player base. Technological advancements, such as improved mobile gaming experiences and the integration of virtual and augmented reality, further enhance the appeal of online gambling. The continuous development of innovative betting options, encompassing esports betting and niche markets, attracts new demographics and keeps the industry dynamic. Regulatory changes in various jurisdictions, though varied in their impact, represent both opportunities and challenges, influencing market access and shaping the competitive landscape. While the market’s overall growth rate is moderate, strategic investments in technology, targeted marketing campaigns, and geographic expansion remain crucial for operators to secure market share and maintain profitability in this competitive arena. The competitive landscape is highly concentrated, with major players like Bet365, Kindred Group, Entain plc, Flutter Entertainment, and William Hill holding significant market share. These established brands leverage strong brand recognition, robust technological platforms, and extensive marketing efforts to maintain their dominance. However, smaller, niche operators continue to carve out market segments by catering to specialized interests or geographic regions. The increasing prominence of responsible gambling initiatives and stricter regulations underscore a growing focus on mitigating potential negative impacts associated with internet gambling. The long-term outlook for the market hinges on the balance between technological advancements driving growth and the evolving regulatory frameworks shaping the industry's future. This necessitates that businesses continuously adapt to maintain compliance, protect consumer interests, and optimize operations within the evolving legal and social context.

Global Online Gambling & Betting market size 2025 was XX Million. Online Gambling & Betting Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Online Gambling And Betting Market is growing with a CAGR of 11.1% in the prediction period and it crosses US$ 219.14 Bn by 2032 from US$ 104.82 Bn in 2025.

The online gambling and betting market is experiencing robust growth, driven by increasing smartphone penetration, readily available high-speed internet, and the rising popularity of esports and virtual sports betting. Technological advancements, such as improved mobile gaming experiences and innovative betting platforms, further fuel this expansion. The market's segmentation reflects diverse player preferences, with sports betting, casino games, and poker consistently attracting significant interest. Geographical variations exist, with mature markets in North America and Europe showcasing high levels of penetration and established regulatory frameworks. Emerging markets in Asia and Latin America present considerable untapped potential, although regulatory uncertainties pose challenges. The competitive landscape is intensely dynamic, featuring both established multinational operators like Flutter Entertainment and Bet365, alongside rapidly growing regional players. Consolidation through mergers and acquisitions is anticipated to continue, shaping the industry structure in the coming years. While regulatory scrutiny and responsible gambling initiatives represent constraints, they also contribute to market stability and foster sustainable growth. Looking ahead, the market is projected to maintain a strong growth trajectory through 2033. Factors like the increasing acceptance of online gambling, the development of sophisticated AI-driven personalization in betting platforms, and the expansion into new markets will contribute to this continued expansion. However, challenges remain. These include combating problem gambling, maintaining player trust amidst security concerns, and adapting to evolving regulatory landscapes across different jurisdictions. Companies will need to invest heavily in technology and responsible gaming initiatives to thrive in this dynamic environment. A focus on customer experience, including personalized promotions and seamless payment options, will be crucial for capturing market share in this highly competitive sector. Furthermore, successful operators will be those capable of navigating complex regulatory requirements while maintaining a strong ethical commitment to responsible gambling.

Market Analysis: Online Gambling and Betting The global online gambling and betting market has experienced significant growth in recent years, reaching a market size of USD 67,480 million in 2023. Driven by the proliferation of mobile devices, internet penetration, and the rise of e-sports, the market is projected to expand at a CAGR of XX% from 2023 to 2033. Key factors driving this growth include increased disposable income, the popularity of sports betting, and the convenience and accessibility of online platforms. Market Segments, Trends, and Restraints The market is segmented by type (casino, sports betting, poker, bingo, lottery, others) and application (18-29 years old, 30-39 years old, 40-49 years old, others). The sports betting segment held the largest market share in 2023, attributed to the growing popularity of e-sports and the legalization of sports betting in various regions. Key trends in the market include the rise of live dealer games, the integration of artificial intelligence (AI), and the growing adoption of cryptocurrencies. However, regulatory challenges, concerns about gambling addiction, and the threat of fraud remain key restraints that could hinder market growth. The global online gambling and betting market is experiencing significant growth, driven by the increasing popularity of online gaming and the legalization of sports betting in several countries. The market is expected to reach a value of $565.4 billion by 2028, according to a report by Grand View Research. The market is concentrated among a few major players, with the top 10 companies accounting for over 50% of the market share. The leading players are Bet365, Kindred Group, GVC Holdings, Flutter Entertainment, and William Hill. The online gambling and betting market is highly regulated, with different countries having different laws and regulations governing the industry. The impact of regulations varies depending on the country, but it can have a significant impact on the market size and growth. There are a number of product substitutes in the online gambling and betting market, including traditional casinos, sportsbooks, and lotteries. However, online gambling and betting offers a number of advantages over traditional forms of gambling, such as convenience, accessibility, and a wider range of games and bets. The end-user concentration in the online gambling and betting market is highest among the 18-29 year old age group. This age group is more likely to be technologically savvy and to have a disposable income. There has been a significant level of mergers and acquisitions (M&A) activity in the online gambling and betting market in recent years. This activity has been driven by the consolidation of the market and the increasing competition among the major players.

online gambling and sports betting market size is projected to grow USD 208.10 billion by 2034, exhibiting a CAGR of 7.26%.

The global online gambling and betting market is projected to reach $34730 million by 2033, witnessing a CAGR of 11.8% during the forecast period (2025-2033). The increasing popularity of online gambling, the growing number of smartphone users, and the legalization of online gambling in several countries are key factors driving the market growth. The increasing popularity of online gambling is attributed to the convenience and accessibility it offers to players. Players can gamble from the comfort of their own homes, at any time of day or night. The growing number of smartphone users is also contributing to the growth of the online gambling market. Smartphones offer a convenient and portable way for players to access online gambling websites and apps. The legalization of online gambling in several countries has also boosted the market growth. In recent years, several countries have legalized online gambling, making it more accessible to players. The market is segmented by application into 18-29 years old, 30-39 years old, 40-49 years old, and others. The 18-29 years old segment is expected to hold the largest market share during the forecast period. The growing popularity of online gambling among young adults is attributed to the increasing use of smartphones and the legalization of online gambling in several countries. The market is also segmented by type into casino, sports betting, poker, bingo, lottery, and others. The casino segment is expected to hold the largest market share during the forecast period. The popularity of casino games, such as slots, blackjack, and roulette, is driving the growth of this segment. The market is also segmented by company into Bet365, Kindred Group, GVC Holdings, Flutter Entertainment, William Hill, Pinnacle, The Stars Group, Betvictor, Betsson AB, Gamesys, 888 Holdings, Bet-at-home.com, Intertops, Betway, Betfred, Interwetten, SBOBET, Sportech, EGB, and BetOnline.

When surveyed in August 2024, it was found that ** percent of adults in the United States participated in online sports betting. Meanwhile, ***** percent said they played online casino games and slot machines. Online gambling landscape in the U.S. The legal status of online gambling varies from state to state in the U.S., with only a handful of states having fully legalized iGaming as of December 2023. Among these were *************************************. Meanwhile, state legislators have been more lenient with other forms of gambling, with ** states having legalized sports betting as of September 2024. How big is the online gambling market in the U.S.? Since the legalization of sports betting at a federal level in 2018, the market size of the online gambling industry in the U.S. has grown significantly, reaching nearly ** billion U.S. dollars in 2023. This is also reflected in participation rates, with the share of U.S. adults taking part in iGaming and sports betting increasing between 2021 and 2023.

The Report Covers North America Online Gambling Companies and the Market is segmented by game type (sports betting, casino, and other game types); by device (desktop and mobile); and by geography (the United States, Canada, Mexico, and the Rest of North America). The market size and forecasts are Provided in value (USD million) for the above segments.

Global online gambling & betting market worth at USD 68.19 Billion in 2024, is expected to USD 162.25 Billion by 2034, with a CAGR of 9.2% from 2025 to 2034.

Online Gambling Market Outlook

According to our latest research, the global online gambling market size reached USD 107.3 billion in 2024, reflecting robust demand and rapid digital transformation across key regions. The market is witnessing a healthy compound annual growth rate (CAGR) of 11.5% from 2025 to 2033. By leveraging this growth trajectory, the online gambling market is forecasted to attain a value of USD 282.6 billion by 2033. This expansion is primarily driven by increased internet penetration, the proliferation of smartphones, and the liberalization of gambling regulations worldwide, all of which are contributing to the growing acceptance and adoption of online gambling platforms.

The growth of the online gambling market is underpinned by several significant factors. First and foremost, the widespread adoption of smartphones and mobile internet access has transformed consumer behavior, making online gambling platforms more accessible than ever before. The convenience of gambling from any location, combined with advancements in mobile application design and user experience, has substantially increased user engagement. Furthermore, the integration of cutting-edge technologies such as artificial intelligence, machine learning, and blockchain is enhancing the security, fairness, and personalization of online gambling experiences, thereby attracting new demographics and retaining existing users.

Another major growth driver is the ongoing legalization and regulation of online gambling in various jurisdictions. Governments across Europe, North America, and parts of Asia Pacific have recognized the economic potential of this industry and are enacting regulatory frameworks to ensure responsible gambling while generating tax revenues. This regulatory clarity has encouraged established operators and new entrants to invest in market expansion, product innovation, and marketing initiatives. Additionally, the COVID-19 pandemic accelerated the shift from traditional brick-and-mortar casinos to online platforms, as physical venues faced closures and restrictions, further cementing the role of digital channels in the global gambling ecosystem.

The rising popularity of live dealer games and the gamification of gambling experiences are also fueling market growth. Consumers are increasingly seeking immersive and interactive experiences, which has prompted operators to invest in high-definition streaming, real-time betting, and social features. These innovations enhance player engagement and foster a sense of community, blurring the lines between online gambling and mainstream entertainment. Moreover, the use of secure and diverse payment methods, including cryptocurrencies, is broadening the market’s appeal to tech-savvy users and those seeking anonymity or faster transactions.

From a regional perspective, Europe continues to dominate the online gambling market, accounting for the largest share due to its mature regulatory landscape and high consumer acceptance. However, Asia Pacific is emerging as the fastest-growing region, propelled by a burgeoning middle class, increasing digital literacy, and the relaxation of gambling laws in certain countries. North America, particularly the United States, is also witnessing substantial growth as more states legalize online sports betting and casino gaming. This regional dynamism is fostering intense competition and innovation across the global online gambling market.

Game Type Analysis

The online gambling market is segmented by game type into sports betting, casino, poker, bingo, lottery, and others, each contributing uniquely to the industry’s expansive growth. Sports betting holds the largest share of the market, driven by the global popularity of sporting events and the integration of live, in-play betting features. The legalization of sports betting in several countries, particularly in the United States and parts of Europe, has led to a surge in user participation and market revenues. Operators are leve