The size of the global online gambling and betting industry amounted to 85.62 billion U.S. dollars in 2023. This has been forecast to rise to 133.59 billion U.S. dollars by 2029. In comparison, the market size of the global sports betting and lottery industry was valued at roughly 244 billion U.S. dollars as of March 2024. Overall, the global sports betting industry constituted more than 200 thousand employees and approximately 22 thousand businesses. How popular is sports betting in the United States? In 2022, over 25 million individuals engaged in sports betting in the United States, highlighting the prevalence of the activity in the North American country. Moreover, this figure was forecast to increase by 47 percent by 2025. Overall, the total revenue from sports betting in the U.S. amounted to 11.04 billion U.S. dollars in 2023, denoting an increase of approximately 46 percent from the previous year. Meanwhile, DraftKings was the most popular sports betting website in the U.S. as of July 2023. 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 2022 and March 2023, over eight billion British pounds worth of National Lottery tickets were sold, which was slightly higher than the figure reported in the period immediately prior. Meanwhile, more than 4.6 billion British pounds were available as prize money for potential winners of the National Lottery in the same period.

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Casinos and Gambling Market Size 2024-2028

The casinos and gambling market size is forecast to increase by USD 132.17 billion at a CAGR of 10.43% between 2023 and 2028.

The market is experiencing significant growth, driven by the increasing popularity of online gambling and the integration of technology in traditional casino offerings. Online gambling, including sports betting, lotteries, slot machines, and video gaming, has gained traction due to its convenience and accessibility through mobile phones and the internet. 
Furthermore, the use of social media marketing by casino operators is also fueling market growth. Additionally, the integration of blockchain technology and cryptocurrency in gambling transactions adds a layer of security and anonymity, attracting tech-savvy consumers. The socio-economic impact of casinos, both positive and negative, continues to be a trending topic In the industry.
Overall, the market is poised for continued growth and innovation In the coming years.

What will be the Size of the Casinos and Gambling Market During the Forecast Period?

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The casino gambling market encompasses a diverse range of industries offering various forms of entertainment, including casino games, sports betting, lotteries, horse wagering, and gambling services. The global market for these offerings is substantial, with gross gaming revenues reaching billions annually. Casino games, such as poker, blackjack, and slot machines, form the backbone of the industry, while sports betting and lotteries continue to gain popularity. 
The market is further expanded by the proliferation of online gambling websites, mobile gambling platforms, live casino offerings, and video gaming in bingo parlors and card rooms. Additionally, the emergence of betting on non-athletic events and the integration of mixed reality technology in casino offerings add to the market's dynamic nature.
Overall, the casino gambling market demonstrates consistent growth and innovation, providing a wide range of entertainment options for consumers.

How is this Casinos and Gambling Industry segmented and which is the largest segment?

The casinos and gambling industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Poker
  Blackjack
  Craps
  Lottery
  Others


Platform

  Offline
  Online


Geography

  North America

    Canada
    US


  APAC

    China


  Europe

    Germany
    UK


  South America



  Middle East and Africa

By Type Insights

The poker segment is estimated to witness significant growth during the forecast period.

The market in 2023 is significantly influenced by the poker segment, with online poker gaining popularity in various countries. Poker, a card game played over the internet, has led to a notable increase In the number of poker players worldwide. The expanding array of online gambling platforms providing casino games, including poker, fuels the market's growth. Live casino offerings further accelerate this trend, enabling players to enjoy poker games in real-time on desktops and mobile devices. Internet penetration, mobile phone usage, and advancements in technology, such as blockchain technology and cryptocurrency, are additional factors contributing to the market's expansion. Sports betting, gambling, wagering, and various other forms of betting, including e-sports, are also driving the market forward.

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The Poker segment was valued at USD 47.06 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 37% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The North American the market is experiencing growth due to the increasing acceptance of technology and the relaxation of gambling regulations. States are legalizing various forms of gambling, creating a favorable environment for casinos and gambling businesses. companies are expanding their reach by deploying more gaming terminals and partnering with retailers. Technological advancements, such as internet penetration, mobile phones, blockchain technology, and cryptocurrency, are transforming the industry. Entertainment offerings, including live shows, concerts, and sporting events, are attracting a large number of tourists. Key sectors withIn the market include casinos, bingo halls, video gaming terminals, off-track sports betting, and online gambli

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.

The global Online Gambling Market approximate to surpass USD 277.55 billion, with a forecasted CAGR of 9.6% By 2034

Expert industry market research on the Global Casinos & Online Gambling (2005-2030). Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts.

The global market size of the casino and online gambling sector totaled 292.1 billion U.S. dollars in 2023. This marked the first time since the beginning of the coronavirus (COVID-19) pandemic in 2020 that the market size reached pre-pandemic levels.

Developing digital infrastructure and high penetration of connected devices in gaming are increasing the indulgence of sports betting around the world. The global sports betting market has been valued at US$ 102.4 billion in 2024 and has been projected to accelerate at 10% CAGR to reach US$ 265.5 billion by the end of 2034.

Report Attributes	Details
Sports Betting Market Size (2024E)	US$ 102.4 Billion
Forecasted Market Value (2034F)	US$ 265.5 Billion
Global Market Growth Rate (2024 to 2034)	10% CAGR
East Asia Market Share (2034E)	23.1% CAGR
Market Share of Football Betting Segment (2034F)	42%
South Korea Market Growth Rate (2024 to 2034)	10.8%
Key Companies Profiled	IGT 888 Holdings Plc Endeavor Group Holdings Inc. Bet365 Viscus Infotech Ltd. Betsson AB William Hill Plc Churchill Downs Incorporated Sportech Plc Entain plc Kindred Group Plc Flutter Entertainment Plc

Country-wise Insights

Attribute	United States
Market Value (2024E)	US$ 10.9 Billion
Growth Rate (2024 to 2034)	10.5% CAGR
Projected Value (2034F)	US$ 29.4 Billion

Attribute	China
Market Value (2024E)	US$ 11.2 Billion
Growth Rate (2024 to 2034)	10% CAGR
Projected Value (2034F)	US$ 29.1 Billion

Category-wise Insights

Attribute	Online
Segment Value (2024E)	US$ 85 Billion
Growth Rate (2024 to 2034)	10.6% CAGR
Projected Value (2034F)	US$ 233.6 Billion

Attribute	Football
Segment Value (2024E)	US$ 51.2 Billion
Growth Rate (2024 to 2034)	8.1% CAGR
Projected Value (2034F)	US$ 111.5 Billion

Sports Betting Software Market size was valued at USD 1810.31 Million in 2023 and is projected to reach USD 2965.35 Million by 2030, growing at a CAGR of 7.58% during the forecast period 2024-2030.

Global Sports Betting Software Market Drivers

The market drivers for the Sports Betting Software Market can be influenced by various factors. These may include:

Increasing Sports Betting Legalization: One major motivator was the progressive legalization of sports betting in many nations and areas. The need for software solutions to support sports betting enterprises grew as more jurisdictions legalized and regulated the activity.

Growing Adoption of Mobile and Online Gambling: The need for sports betting software was being driven by the rising acceptance of mobile and internet betting platforms. Customers are more inclined to wager conveniently from their devices, which has increased demand for web-based and mobile sports betting programmes.

Technological Progress: Constant technological progress was augmenting the sports betting software's capabilities with the addition of artificial intelligence, machine learning, and data analytics. These technologies support fraud prevention, enhanced user experience, and personalised recommendation services.

International Sports Events: The sports betting sector benefits greatly from big sporting events like the Olympics, Super Bowl, FIFA World Cup, and others. These events draw sizable crowds, which raises the possibility of wagering and, in turn, increases the need for advanced sports betting software.

Collaborations & Partnerships: The market was expanding as a result of partnerships between sports organisations, casinos, and other industry players and sports betting software vendors. Collaborations frequently enable the creation of novel solutions and the extension of one's market reach.

Regulatory Structures and Obedience: For sports betting companies, adherence to legal laws and compliance standards was essential. In a sector under growing scrutiny, sports betting software that assists operators in adhering to rules and guaranteeing fair play becomes more significant.

Competitiveness in the Market: In order to remain competitive, businesses were being forced to implement sophisticated and feature-rich software by the fierce competition among sports betting operators. This resulted in the software options for sports betting constantly evolving and improving.

The Online Sports Betting Market Report Segments the Industry Into Sport Type (Football, Basketball, Horse Racing, Baseball, Tennis, Other Sport Types), End User (Desktop, Mobile), Betting Type (Pre-Match/Fixed-Odds and Live/In-Play), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa).

According to Cognitive Market Research, the global Gambling market will be USD 452615.2 million in 2024 and expand at a compound annual growth rate (CAGR) of 4.00% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 181046.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 135784.56 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 104101.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
Latin America's market has more than 5% of the global revenue, with a market size of USD 22630.76 million in 2024. It will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Middle East and Africa are the major markets, with around 2% of the global revenue and a market size of USD 9052.30 million in 2024. They will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
Offline Gambling held the highest Gambling market revenue share in 2024.

Market Dynamics of Gambling Market

Key Drivers of Gambling Market

Growing Internet Penetration Increased the Demand Globally

The gambling market is witnessing a surge in demand globally, fueled by growing internet penetration. With more people gaining access to the internet, online gambling platforms are experiencing increased user engagement and revenues. This trend is driven by convenience, accessibility, and the proliferation of smartphones and other digital devices. As traditional brick-and-mortar casinos face limitations due to geographical constraints and regulatory challenges, online gambling offers a borderless alternative, allowing players to participate from anywhere at any time. Furthermore, technological advancements, such as virtual reality and live dealer games, enhance the online gambling experience, attracting even more users. Overall, the rising internet penetration is expected to continue driving significant growth in the global gambling market, making it a lucrative sector for investors and stakeholders.

Ease of Online Payment to Propel Market Growth

The gambling market is poised for growth, driven significantly by the ease of online payment options. As digital transactions become increasingly convenient and secure, more consumers are drawn to online gambling platforms. The availability of diverse payment methods, including credit/debit cards, e-wallets, and cryptocurrencies, enhances accessibility and attracts a broader demographic. This trend is particularly evident in regions where online gambling regulations are relaxed or evolving. Furthermore, seamless payment processes minimize barriers to entry, encouraging newcomers to participate in online betting activities. The convergence of technology and finance also fosters innovation in payment solutions, further facilitating market expansion. Consequently, the gambling industry is experiencing a surge in revenue as online platforms capitalize on the convenience and efficiency of digital payments, shaping the landscape for future growth and innovation.

Restraint Factors Of Gambling Market

Rising Adverse Impacts on Mental Health and Bans on Online Gambling to Limit the Sales

The gambling market faces scrutiny due to its rising adverse impacts on mental health, prompting regulatory interventions such as bans on online gambling. Research increasingly links excessive gambling to mental health issues like depression, anxiety, and addiction, fueling concerns among policymakers and health professionals. Governments worldwide are implementing measures to mitigate these negative effects, with some jurisdictions outright banning online gambling platforms or imposing stringent regulations to limit accessibility. These actions aim to curb the detrimental consequences on mental well-being and prevent vulnerable populations from falling into compulsive gambling patterns. Consequently, the gambling market is experiencing constraints as legal restrictions tighten, impacting sales and profitability for operators reliant on online platforms. As societal awareness of the mental health toll of gambling grows, the industry faces evolving challenges and pressure to prioritize consumer well-being over profits.

Impact of COVID-19 on the Gambl...

The size and share of this market is categorized based on Online Casino (Slots, Table Games, Live Dealer Games, Virtual Sports, Skill Games) and Sports Betting (Online Sports Betting, In-Play Betting, E-Sports Betting, Fantasy Sports, Mobile Sports Betting) and Lottery (Online Lottery, Instant Win Games, Number Games, Scratch Cards, Keno) and Poker (Cash Games, Tournaments, Video Poker, Mobile Poker, Social Poker) and Bingo (Online Bingo, Bingo Slots, Mobile Bingo, Bingo Tournaments, Progressive Bingo) and geographical regions (North America, Europe, Asia-Pacific, South America, Middle-East and Africa).

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%.

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 Platform Market Outlook

The global online gambling platform market size was valued at approximately USD 80 billion in 2023 and is projected to reach around USD 150 billion by 2032, growing at a compound annual growth rate (CAGR) of about 7.5% during the forecast period. The growth factors driving this market include technological advancements, increased internet penetration, and the rising popularity of remote gambling activities. These elements are generating unprecedented opportunities for stakeholders across the industry, leading to exponential market growth.

Technological advancements, particularly in mobile and internet technologies, have been fundamental in driving the growth of the online gambling platform market. High-speed internet connections and the proliferation of smart devices have allowed users to access gambling platforms from virtually anywhere, significantly enhancing user engagement. Additionally, the integration of artificial intelligence, blockchain, and virtual reality has enriched user experiences, providing more secure, transparent, and immersive gambling environments. These innovations are continually attracting new users and retaining existing ones, thereby sustaining market growth.

The increasing acceptance and legalization of online gambling in various regions worldwide have also significantly contributed to market expansion. Regulatory bodies are recognizing the economic benefits of legalized online gambling, such as increased tax revenues and job creation. In turn, this has led to more favorable regulatory frameworks, encouraging operators to invest in online gambling platforms. Countries like the United States and various European nations are progressively adopting legal measures to regulate and mainstream online gambling, thus amplifying market prospects.

Gambling, in its various forms, has been a part of human culture for centuries, evolving with society and technology. The digital transformation of gambling has not only made it more accessible but has also introduced new challenges and opportunities for regulation and innovation. As the online gambling market expands, understanding the cultural and social implications of gambling becomes crucial. This includes addressing issues such as problem gambling and ensuring fair play, which are essential for maintaining the integrity and sustainability of the industry. The role of responsible gambling practices is increasingly being recognized as vital for the long-term success of the market.

Moreover, the COVID-19 pandemic has acted as a catalyst for the online gambling platform market. With physical casinos shutting down and people confined to their homes, there was a marked shift towards online platforms. This surge in demand has led to increased investments and innovations in the sector. Operators have had to adapt quickly to accommodate the growing number of users, driving improvements in user interface, security features, and game diversity. The shift in consumer behavior towards online platforms is likely to be long-lasting, thereby ensuring sustained market growth.

On the regional front, North America has shown significant growth, largely driven by the legalization of sports betting in several US states. Europe continues to be a mature market with high penetration rates, while the Asia Pacific region is emerging rapidly, thanks to increasing internet penetration and mobile device usage. Latin America and the Middle East & Africa are also witnessing steady growth, primarily due to favorable regulatory changes and increasing digital adoption. These regional dynamics are crucial for understanding the comprehensive growth trajectory of the global online gambling platform market.

Type Analysis

The online gambling platform market is segmented by type, including sports betting, casino, poker, bingo, and others. Sports betting stands out as one of the most lucrative segments, driven by the global popularity of sports such as football, basketball, and horse racing. The legalization of sports betting in various regions, particularly in the United States, has significantly boosted this segment. Moreover, the integration of live-streaming features and real-time betting options has created an engaging platform for sports enthusiasts, further propelling market growth.

Casino games have also carved out a significant market share within the online gambling sector. The digital transformation of traditional casino games like slots,

As of April 2024, the market size of the global casinos and online gambling industry reached 305.8 billion U.S. dollars. In that year, there were roughly two million workers employed at around five thousand establishments worldwide. The global casino and online gambling industry consists of gambling facilities that offer gambling possibilities such as table wagering games and gaming machines. It is common for these establishments to also provide dining, beverage, and lodging services. Legal online gaming on casino-style games is also a part of this industry.

The growth of the global online gambling market was forecast to reach a rate of 10.5 percent over the previous year in 2018.

Online gambling market

Online gambling includes playing casino games, lotteries, poker and sports betting via the internet. Sports betting was only legalized in the United States by Supreme Court in 2018, enabling the companies in that industry to grow their sports betting sectors. Some of the online gambling firms that have profited from this change in legislation include top online gambling company Paddy Power Betfair and U.S. competitor International Game Technology, whose market value accounted for almost 5.5 billion U.S. dollars in 2017.

Online gambling industry continues to grow

In the era of digitization and the advancements of technology, higher proportions of gamblers now play online, which leads to a growing online gambling market around the world. The global online gambling market is anticipated to reach almost 95 billion U.S. dollars by 2024.

The global sports betting market size reached USD 103.08 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 224.12 Billion by 2033, exhibiting a growth rate (CAGR) of 8.56% during 2025-2033. The market is propelled by the rising popularity of e-sports and competitive gaming, increasing adoption of advanced technologies such as virtual reality (VR) and AR, increasing demand for personalized and ergonomic gaming peripherals, rising penetration of internet and smartphones, and cultural enthusiasm among individuals.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 103.08 Billion
Market Forecast in 2033	USD 224.12 Billion
Market Growth Rate 2025-2033	8.56%

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on platform, betting type, and sports type.

Global Online Gambling Market was valued at $78.77 billion in 2024 and is reach $220.85 billion by 2034, a CAGR of 10.86% between 2025 and 2034.

Global online gambling market size is expected at $252,548.1 million by 2033 at a growth rate of 10.7%

Global Casino Gambling market size is expected to reach $230.35 billion by 2029 at 7.4%, segmented as by live casino, live dealer blackjack, live dealer roulette, live dealer baccarat