GITNUX MARKETDATA REPORT 2024

Igaming Industry Statistics

The global online gaming industry is expected to reach a market value of over $180 billion by 2021, driven by increasing internet and smartphone penetration worldwide.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we will explore key statistics shaping the iGaming industry landscape, including projections for market size, revenue growth, regional trends, and consumer preferences. From the rapid expansion of mobile gaming to the rise of cryptocurrency-based platforms, these insights provide a comprehensive overview of the dynamic and evolving nature of this lucrative sector.

Statistic 1

"Global iGaming industry is projected to reach $92.9 billion in 2023."

Statistic 2

"Europe holds the largest market of iGaming with around 49% share, as itself."

Statistic 3

"The North American iGaming market is expected to grow at a compound annual growth rate (CAGR) of 14.78% between 2020 and 2025."

Statistic 4

"Online poker revenue in New Jersey grew to $38.7 million in 2020, up 90% year-on-year."

Statistic 5

"As of 2021, the Asia-Pacific region is the fastest-growing iGaming market."

Statistic 6

"Mobile gaming represents over 40% of the total global internet gambling market in 2018."

Statistic 7

"In 2020, the global iGaming market was valued at $66.7 billion."

Statistic 8

"There are over 1.6 billion people gambling worldwide, and around 4.2 billion gamble at least once every year."

Statistic 9

"The online slot game industry represents 70% of the revenue stream for online casinos."

Statistic 10

"Mobile gaming is projected to reach more than 50% share of the global online gambling market by 2023."

Statistic 11

"Customer preference for mobile platforms is expected to drive the iGaming industry growth at a CAGR of 12% from 2020 to 2030."

Statistic 12

"In the UK, the iGaming industry generated £5.3 billion gross gambling yield between April 2019 and March 2020."

Statistic 13

"Cryptocurrency-based gambling platforms experienced over 37% traffic growth in 2020."

Statistic 14

"By 2024, it is expected that regulated iGaming betting in the United States will reach $7 billion in annual revenue."

Statistic 15

"Male users account for 77% of the online gamblers worldwide."

Statistic 16

"The global iGaming market size is expected to grow at a compound annual growth rate (CAGR) of 7.3% from 2020 to 2026, to reach USD 127.3 billion by 2027."

The iGaming industry is expanding rapidly, with projections indicating significant growth in the coming years. Europe currently leads the market, while North America is poised for substantial growth. Mobile gaming is a key driver of revenue, with an increasing number of users preferring this platform. The global market is expected to reach impressive figures by 2023, driven by factors such as customer preferences, technological advancements, and regulatory changes. The rise of cryptocurrency-based platforms and the dominance of male users in online gambling further contribute to the industry’s evolution and potential for continued success.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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