Summary
- • Online gambling market size is estimated to reach $92.9 billion by 2023.
- • The global online gambling market is projected to grow at a CAGR of 11.5% from 2020 to 2027.
- • In the US, online gambling revenue reached $260 million in 2020.
- • The online poker market was valued at $2.0 billion in 2020.
- • Online sports betting accounted for 49% of the global online gambling market in 2020.
- • The online casino segment is expected to dominate the online gambling market throughout the forecast period.
- • Mobile gambling accounts for over 50% of the global online gambling market.
- • The online gambling industry is expected to reach a value of $92.9 billion by 2023.
- • Europe is the largest online gambling market, with a market size of $22.4 billion in 2021.
- • Asia Pacific is the fastest-growing region in the online gambling market.
- • The number of online gambling users worldwide is expected to reach 2.5 billion by 2020.
- • Online gambling accounts for 33% of the total gambling market in the UK.
- • In 2020, the global online gambling market saw a 13.2% increase in revenue compared to 2019.
- • The average global spend per online gambling player was $550 in 2020.
- • Online gambling is legal in more than 80 countries worldwide.
With a market size poised to hit a staggering $92.9 billion by 2023, it seems like Lady Luck may have chosen the online gambling industry as her preferred playing field. From the thrill of online poker to the adrenaline rush of sports betting, the global online gambling market is experiencing exponential growth at a CAGR of 11.5%, showing no signs of slowing down. In the US alone, where online gambling revenue reached $260 million in 2020, its clear that the chips are all in on this digital phenomenon. So, grab your virtual seat at the table and lets explore the deck of stats thats reshuffling the game of chance as we know it.
Market Segments
- Online gambling accounts for 33% of the total gambling market in the UK.
- Online gambling accounts for 22% of the overall gambling market in the United Kingdom.
Interpretation
In a world where the internet reigns supreme, it comes as no surprise that online gambling has solidified its place as a heavyweight contender in the UK gambling arena. With stats showing that online gambling snags a substantial chunk of the market at 33%, or perhaps at a modest 22%, one thing's for sure - the digital age has dealt a winning hand to those who prefer to roll the dice in the virtual realm. Whether you're a high-rolling poker pro or a casual slots enthusiast, it's clear that the allure of online gambling is no gamble at all when it comes to its undeniable popularity in the UK.
Market Segments:
- Online sports betting accounted for 49% of the global online gambling market in 2020.
- The online casino segment is expected to dominate the online gambling market throughout the forecast period.
- Mobile gambling accounts for over 50% of the global online gambling market.
- The online betting segment accounted for 42% of the global online gambling market in 2020.
- Remote betting accounted for 37.1% of the total Gross Gambling Yield in Great Britain from October 2019 to September 2020.
- Online slot games are the most popular form of online gambling, accounting for 70% of all online casino revenue.
- The average age of online gamblers is 33 years old.
Interpretation
In a world where bets are just a click away and slot machines fit in the palm of our hands, online gambling has swiftly become a force to be reckoned with, capturing the attention (and wallets) of players worldwide. With online sports betting leading the charge, online casinos dominating the scene, and mobile gambling taking center stage, it's clear that the digital age has revolutionized the way we play our luck. As remote betting climbs the ranks and online slot games reign supreme, it seems that the average age of online gamblers is getting younger, proving that the allure of a virtual jackpot knows no bounds. So, place your bets and spin the wheels, because in this digital realm of high stakes and flashing lights, it's anyone's game.
Market Size and Revenue
- The global online gambling market is projected to grow at a CAGR of 11.5% from 2020 to 2027.
- The online gambling industry is expected to reach a value of $92.9 billion by 2023.
- Problem gambling rates among online gamblers are estimated to be around 3-4%.
Interpretation
As the online gambling market continues to skyrocket towards the stratosphere of financial success, with projections reaching a mind-blowing $92.9 billion by 2023, one can't help but wonder if this growth spurt is buoyed by sheer luck or strategic calculation. However, amidst the glitzy allure of virtual slot machines and high-stakes poker games, let's not overlook the darker side of this digital casino revolution. With problem gambling rates lingering around 3-4%, it seems that for a few unlucky souls, the online gambling jackpot might just turn out to be a siren's call disguised as a dollar sign.
Market Size and Revenue:
- Online gambling market size is estimated to reach $92.9 billion by 2023.
- In the US, online gambling revenue reached $260 million in 2020.
- The online poker market was valued at $2.0 billion in 2020.
- The number of online gambling users worldwide is expected to reach 2.5 billion by 2020.
- In 2020, the global online gambling market saw a 13.2% increase in revenue compared to 2019.
- The average global spend per online gambling player was $550 in 2020.
- Online gambling contributed $42.7 billion to the European economy in 2020.
- The global online gambling market saw a 11.3% increase in revenue from 2019 to 2020.
- The online lottery market is expected to grow at a CAGR of 8.8% from 2021 to 2028.
- Online gambling apps have been downloaded over 5 million times in the US in 2020.
- The global online gambling market is forecasted to reach $127.3 billion by 2027.
- Mobile gambling revenue is expected to exceed $100 billion by 2025.
- Online gambling in the United States generated an estimated revenue of $3.5 billion in 2020.
- Online gambling participation rates increased by 54% during the COVID-19 pandemic.
- The online sports betting market in Italy is projected to reach €1.8 billion by 2024.
- Online poker revenue reached $1.7 billion globally in 2020.
- In Australia, online gambling accounts for 33% of the total gambling market.
- The global online gambling market is expected to have a compound annual growth rate (CAGR) of 13.2% from 2020 to 2027.
- The online bingo market is predicted to grow at a CAGR of 12.6% from 2020 to 2027.
- Online gambling operators spent over £1.2 billion on marketing in 2020 in the UK.
- The global online gambling market is expected to reach a valuation of $158.2 billion by 2028.
- The average annual spending per capita on online gambling in Sweden was €290 in 2020.
Interpretation
In a world where virtual chips carry more weight than physical ones, the online gambling industry has dealt a winning hand, with revenue figures that could make even the most seasoned high-roller blush. From the sheer scale of $92.9 billion market projections to the intricate dynamics of poker's $2.0 billion empire, it's evident that when it comes to placing bets in the digital realm, the stakes are higher than ever. As the number of online gambling participants skyrockets and revenue figures soar like a bluff gone right, one thing is clear: in this game of pixels and probabilities, the odds are ever in the industry's favor.
Regional Insights
- Europe is the largest online gambling market, with a market size of $22.4 billion in 2021.
- Asia Pacific is the fastest-growing region in the online gambling market.
- Online gambling revenue in New Jersey surpassed $900 million in 2020.
- The online gambling market in Canada is expected to grow at a CAGR of 15.2% from 2021 to 2028.
Interpretation
In the high-stakes world of online gambling, Europe reigns supreme with a market size that could make even Lady Luck blush at $22.4 billion in 2021, proving that when it comes to taking risks, Europeans don't hold back. Across the globe, the Asia Pacific region is hustling to catch up, showing that when it comes to growth, they're betting big and playing fast. Meanwhile, New Jersey is rolling in the digital dough, surpassing the $900 million mark in 2020, proving that what happens in the Garden State stays in the wallets of online bettors. And up in Canada, where politeness reigns, the online gambling market is set to politely but steadily increase, with a projected growth rate of 15.2% from 2021 to 2028, showing that even in the land of maple syrup, the allure of online wagering is too sweet to resist. So place your bets, folks, because in this global game of chance, the only sure thing is uncertainty.
Regional Insights:
- Online gambling is legal in more than 80 countries worldwide.
- China is the largest market for online gambling in Asia, with a revenue of $35 billion in 2020.
Interpretation
Online gambling has become a global phenomenon, with more than 80 countries embracing its legality. The staggering $35 billion revenue from online gambling in China alone in 2020 proves that the industry is not just a roll of the dice but a well-calculated bet on the future of entertainment. Like a high-stakes poker game, this statistic shows that online gambling is not just a passing trend, but a dominant player in the world of commerce and leisure, raising the stakes for traditional brick-and-mortar establishments to adapt or fold in the face of this digital revolution.
