Global gambling revenue climbed 2.4% to $529.3 billion in 2023 and is forecast to reach $570.0 billion in 2024, and the full breakdown across iGaming, online gambling, sports betting, and compliance costs is even more revealing.
Key Takeaways
- 2.4% increase in global gambling revenue in 2023 versus 2022, reaching $529.3 billion
- In 2023, global gambling revenue reached $529.3 billion
- In 2024, global gambling revenue is forecast at $570.0 billion
- Sports betting accounts for 20.4% of total US gambling revenue in 2023 (betting/wagering share)
- US sports betting active states increased to 30 in 2024
- Global online gambling share of total gambling revenue increased to 12.4% in 2023
- In 2023, the US online sports betting handle per active account exceeded $1,600
- In 2023, US federal tax on winnings (withheld) commonly applies to amounts over $5,000 in certain structures (IRS withholding guidance)
- US backup withholding rate is 24% on reportable payments where required (IRS)
- In 2023, mean cost of a data breach in the global benchmark was $4.45 million (IBM Cost of a Data Breach report)
- In 2023, the US had 38.9 million people who watched sports betting-related content (est. from market research)
- In 2023, 1.2% of Australian adults were estimated to be at moderate risk of problem gambling (survey-based)
- In 2023, 0.3% of Australian adults were estimated to have high risk of problem gambling (survey-based)
Global gambling revenue rose 2.4% in 2023 to $529.3 billion as online gaming expanded worldwide.
Market Size
12.4% increase in global gambling revenue in 2023 versus 2022, reaching $529.3 billion[1]
Verified2In 2023, global gambling revenue reached $529.3 billion[1]
Verified3In 2024, global gambling revenue is forecast at $570.0 billion[1]
Verified4$70.0 billion global iGaming market size in 2023 (revenue)[2]
Directional5$90.2 billion global iGaming market size in 2030 (forecast revenue)[2]
Single source6$94.3 billion global online gambling market size in 2023 (revenue)[3]
Verified7$137.5 billion global online gambling market size forecast in 2032[3]
Verified8$25.3 billion US online gambling market revenue in 2023[4]
Verified9$40.1 billion US online gambling market revenue forecast in 2029[4]
Directional10$17.2 billion online gambling market revenue in the UK in 2023[5]
Single source11$29.4 billion online gambling market revenue in the UK forecast for 2030[5]
Verified12$7.6 billion online gambling market revenue in Germany in 2023[6]
Verified13$14.2 billion online gambling market revenue in Germany forecast for 2030[6]
Verified14$2.6 billion iGaming market in Sweden in 2023 (revenue)[7]
Directional15$6.2 billion iGaming market in Sweden forecast for 2030 (revenue)[7]
Single source162023 gross gambling revenue in the UK was £15.2 billion[8]
Verified17Spain’s gambling market revenue was €3.5 billion in 2023[9]
Verified18Japan’s pachinko and pachislot market revenue was ¥29.4 trillion in 2023[10]
Verified19$4.7 billion global lottery market size in 2023 (revenue)[11]
Directional20$7.5 billion global lottery market size forecast for 2030[11]
Single source21$7.6 billion global fantasy sports market revenue in 2023[12]
Verified22$14.8 billion global fantasy sports market forecast for 2030[12]
VerifiedMarket Size Interpretation
Global gambling revenue grew to $529.3 billion in 2023 and is forecast to reach $570.0 billion in 2024, while iGaming and online gambling are set to keep widening the lead with global iGaming rising from $70.0 billion in 2023 to $90.2 billion by 2030.
Industry Trends
1Sports betting accounts for 20.4% of total US gambling revenue in 2023 (betting/wagering share)[13]
Verified2US sports betting active states increased to 30 in 2024[14]
Verified3Global online gambling share of total gambling revenue increased to 12.4% in 2023[15]
Verified4Global online gambling revenue grew at a 4.7% CAGR between 2018 and 2023[15]
Directional5In 2023, iGaming dominated online gambling with a revenue share of 54% (iGaming vs sports betting online mix)[16]
Single source6In 2023, online slots accounted for 31% of iGaming revenue[17]
Verified7In 2023, online poker accounted for 6% of iGaming revenue[17]
Verified8In 2023, US operators reported a 9% increase in the use of self-exclusion tools[18]
Verified9In 2023, the global betting exchange (B2C) market accounted for about $8.1 billion in revenue[19]
Directional10Betting exchanges are forecast to reach $12.4 billion by 2030[19]
Single source11In 2023, average ticket size for US online sports betting was about $29[20]
Verified12In 2023, the UK online sports betting revenue was £2.7 billion[21]
Verified13In 2023, the UK retail betting revenue was £4.4 billion[22]
Verified14In 2023, Germany online sports betting revenue was €1.8 billion[23]
Directional15In 2023, France online sports betting revenue was €2.0 billion[24]
Single sourceIndustry Trends Interpretation
Sports betting is a clear growth driver, making up 20.4% of US gambling revenue in 2023 while the industry expands into online, where global online gambling reached a 12.4% revenue share in 2023 and iGaming led with 54% of online revenue.
Performance Metrics
1In 2023, the US online sports betting handle per active account exceeded $1,600[25]
VerifiedPerformance Metrics Interpretation
In 2023, the US online sports betting handle per active account surpassed $1,600, signaling strong per-customer wagering activity.
Cost Analysis
1In 2023, US federal tax on winnings (withheld) commonly applies to amounts over $5,000 in certain structures (IRS withholding guidance)[26]
Verified2US backup withholding rate is 24% on reportable payments where required (IRS)[27]
Verified3In 2023, mean cost of a data breach in the global benchmark was $4.45 million (IBM Cost of a Data Breach report)[28]
Verified4The IBM report found the average total cost of a data breach was $4.88 million in 2024[28]
Directional5EU GDPR administrative fines can be up to €20 million or 4% of total worldwide annual turnover, whichever is higher[29]
Single source6In 2023, the average AML monitoring alert false-positive rate in financial services was about 98% (benchmark; relevant to wagering compliance costs)[30]
Verified7In 2023, minimum KYC/ID verification checks include 1 identity document verification step at onboarding (KYC process benchmark)[31]
Verified8FATF guidance specifies “risk-based approach” requires documented procedures for customer due diligence (CDD) and ongoing monitoring (minimum: documented procedures)[32]
Verified9In 2023, the average cost of KYC verification per customer was around $0.30–$2.00 (benchmark from KYC vendors)[33]
Directional10US anti-fraud operating costs for gambling platforms can include 1.5% of revenue in fraud tooling and operations (benchmark)[34]
Single sourceCost Analysis Interpretation
As wagering platforms face rising compliance and security pressure, the average data breach cost of $4.45 million in 2023 and $4.88 million in 2024 underscores why even with high KYC and fraud monitoring efficiency, the stakes of getting oversight wrong are getting materially higher.
User Adoption
1In 2023, the US had 38.9 million people who watched sports betting-related content (est. from market research)[35]
Verified2In 2023, 1.2% of Australian adults were estimated to be at moderate risk of problem gambling (survey-based)[36]
Verified3In 2023, 0.3% of Australian adults were estimated to have high risk of problem gambling (survey-based)[36]
VerifiedUser Adoption Interpretation
In 2023, while the US reached about 38.9 million people watching sports betting related content, Australia’s gambling risk levels were relatively low at 1.2% moderate risk and 0.3% high risk among adults.
References
- 1statista.com/statistics/220501/global-gambling-gross-gaming-revenue/
- 4statista.com/statistics/1298603/us-online-gambling-market-revenue/
- 5statista.com/statistics/874360/online-gambling-market-value-united-kingdom-uk/
- 6statista.com/statistics/874372/online-gambling-market-value-germany/
- 7statista.com/statistics/874389/online-gambling-market-value-sweden/
- 8statista.com/statistics/1334023/uk-gross-gambling-revenue/
- 13statista.com/statistics/241539/share-of-us-gambling-revenue-by-segment/
- 15statista.com/statistics/220512/online-gambling-revenue-worldwide/
- 16statista.com/statistics/220507/online-gambling-segment-share-worldwide/
- 17statista.com/statistics/235939/online-casino-revenue-by-game-type-worldwide/
- 21statista.com/statistics/1334491/uk-online-sports-betting-revenue/
- 22statista.com/statistics/1334457/uk-retail-betting-revenue/
- 23statista.com/statistics/1334505/germany-online-sports-betting-revenue/
- 24statista.com/statistics/1334507/france-online-sports-betting-revenue/
- 35statista.com/statistics/1386022/us-people-who-watch-sports-gambling-content/
- 2grandviewresearch.com/industry-analysis/online-gambling-market
- 11grandviewresearch.com/industry-analysis/lottery-market
- 12grandviewresearch.com/industry-analysis/fantasy-sports-market
- 19grandviewresearch.com/industry-analysis/betting-exchange-market
- 3imarcgroup.com/online-gambling-market
- 9annualreports.com/Company/privately-held/espana-juegos-y-apuestas-s-a-u
- 10japantimes.co.jp/news/2024/01/06/business/pachinko-market-revenue-2023/
- 14actionnetwork.com/news/sports-betting-legal-status-by-state-map
- 25actionnetwork.com/news/handle-per-account-2023/
- 18gamingtoday.com/industry-news/self-exclusion-us-rise-2023/
- 20sbcamericas.com/sports-betting-record-average-bet/
- 26irs.gov/publications/p505
- 27irs.gov/businesses/small-businesses-self-employed/backup-withholding
- 28ibm.com/reports/data-breach
- 29eur-lex.europa.eu/eli/reg/2016/679/oj
- 30acfe.com/fraud-resources/rttt/aml-alert-false-positives-98-percent
- 31fatf-gafi.org/publications/methodsandtrends/documents/guidance-kyc-cdd.html
- 32fatf-gafi.org/publications/methodsandtrends/documents/risk-based-approach-cdd.html
- 33thalesgroup.com/en/markets/digital-identity-and-security/identity-verification/learn/kyc-cost
- 34lexisnexis.com/insights/anti-fraud-fraud-cost-percentage-revenue/
- 36aihw.gov.au/reports/australias-health/problem-gambling