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The global online gambling market was valued at USD 75.41 billion in 2021 and is expected to grow at a CAGR of 12.0% during the forecast period.
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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 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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The global online gambling market size reached USD 93.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 172.8 Billion by 2033, exhibiting a growth rate (CAGR) of 7.1% during 2025-2033. The market is experiencing robust growth driven by technological advancements, regulatory changes, diverse game offerings, effective marketing strategies, and shifts in global economic and demographic trends, appealing to a wider, more diverse audience.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
| 2025-2033 |
Historical Years
| 2019-2024 |
Market Size in 2024
| USD 93.0 Billion |
Market Forecast in 2033
| USD 172.8 Billion |
Market Growth Rate 2025-2033 | 7.1% |
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 game type and device.
The size of the online gambling market in the United States rose to 19.54 billion U.S. dollars in 2023, representing an increase of around 39 percent from the previous year. This figure was forecast to increase to 39.82 billion U.S. dollars by 2029.
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India online gambling market size reached USD 2.9 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 5.7 Billion by 2033, exhibiting a growth rate (CAGR) of 7.78% during 2025-2033. The inflating popularity of interactive entertainment, along with the growing demand for a convenient alternative to traditional land-based gambling, is primarily driving the market growth.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
|
2019-2024
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Market Size in 2024
| USD 2.9 Billion |
Market Forecast in 2033
| USD 5.7 Billion |
Market Growth Rate 2025-2033 | 7.78% |
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on game type and device.
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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.
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.
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The Australia online gambling market size was valued at USD 5.2 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 8.9 Billion by 2033, exhibiting a CAGR of 5.88% from 2025-2033. Favorable regulatory environment in the country, rapid technological advancements, changing consumer preferences, ongoing promotion and advertising activities, and expansion of variety of offerings are some of the factors bolstering the market Australia online gambling market share.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
|
2019-2024
|
Market Size in 2024
| USD 5.2 Billion |
Market Forecast in 2033
| USD 8.9 Billion |
Market Growth Rate 2025-2033 | 5.88% |
IMARC Group provides an analysis of the key trends in each segment of the Australia online gambling market, along with forecasts at the country and regional levels from 2025-2033. The market has been categorized based on game type and device.
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Online gambling is gaining popularity in the US, driven by consumer demand for quick profit generation and capital portfolio enhancement. The internet betting market is segmented by game type and end users, with casino gaming emerging as a rapidly expanding category in online wagering. The adoption of virtual reality, blockchain, and mobile platforms in cyber gambling has further spurred market growth. Key trends include a growing gambling culture and a burgeoning sports betting segment in the digital betting industry.
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Online Gambling Market size was valued at USD 65.3 billion in 2023 and is poised to grow from USD 73.2 billion in 2024 to USD 182.54 billion by 2032, growing at a CAGR of 12.1% during the forecast period (2025-2032).
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Online gambling is experiencing significant growth in Europe, driven by advancements in technology such as virtual reality, blockchain, and mobile platforms. The shift from traditional to digital wagering has boosted revenue, with major players focusing on mergers to increase market share. Innovations in blockchain, IoT, and VR are revolutionizing the cyber gambling industry. The market, led by the UK, is segmented by game type, end-user, and geography, with a focus on sports betting, casino, lottery, and bingo.
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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%.
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Explore the Online Gambling Market trends! Covers key players, growth rate 12.3% CAGR, market size $186.58 Billion, and forecasts to 2034. Get insights now!
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The United States online gambling market size reached USD 11.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 22.0 Billion by 2033, exhibiting a growth rate (CAGR) of 7.63% during 2025-2033.
Report Attribute
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Key Statistics
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Base Year
|
2024
|
Forecast Years
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2025-2033
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Historical Years
|
2019-2024
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Market Size in 2024 | USD 11.0 Billion |
Market Forecast in 2033 | USD 22.0 Billion |
Market Growth Rate (2025-2033) | 7.63% |
IMARC Group provides an analysis of the key trends in each sub-segment of the United States online gambling market report, along with forecasts at the country and regional level from 2025-2033. Our report has categorized the market based on game type and device.
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Vietnam online gambling market size is projected to exhibit a growth rate (CAGR) of 11.50% during 2024-2032. The increasing number of faster networks, along with the growing usage of advanced technologies that offer players with an immersive experience, is primarily augmenting the market growth.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
| 2023 |
Forecast Years
| 2024-2032 |
Historical Years
|
2018-2023
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Market Growth Rate (2024-2032) | 11.50% |
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on game type and device.
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The online gambling market size is estimated to rise from $89.19 billion in 2024 to $275.57 billion by 2035, growing at a CAGR of 10.8% from 2024 to 2035.
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The size and share of the market is categorized based on geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
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The Casino Gambling Market is Segmented by Type (live Casino, Baccarat, Blackjack, Poker, Slots, and Other Casino Games) and Geography (North America, Europe, Asia-Pacific, Latin America, The Middle East, and Africa). The Report Offers Market Size and Values in (USD) During the Forecast Period for the Above Segments.
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The global online gambling market size is expected to reach USD 205.60 billion by 2030 according to a new study by Polaris Market Research.
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The global online gambling market was valued at USD 75.41 billion in 2021 and is expected to grow at a CAGR of 12.0% during the forecast period.