Global gambling revenue is forecast to reach $570 billion. Online gambling now accounts for 12.4% of total industry revenue, with iGaming making up 54% of that online segment.
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 hit $529.3 billion in 2023 and is set to keep rising to $570.0 billion in 2024.
Related reading
01 · Category
Market Size22 stats
01
2.4% increase in global gambling revenue in 2023 versus 2022, reaching $529.3 billion
02
In 2023, global gambling revenue reached $529.3 billion
03
In 2024, global gambling revenue is forecast at $570.0 billion
04
$70.0 billion global iGaming market size in 2023 (revenue)
05
$90.2 billion global iGaming market size in 2030 (forecast revenue)
06
$94.3 billion global online gambling market size in 2023 (revenue)
07
$137.5 billion global online gambling market size forecast in 2032
08
$25.3 billion US online gambling market revenue in 2023
09
$40.1 billion US online gambling market revenue forecast in 2029
10
$17.2 billion online gambling market revenue in the UK in 2023
11
$29.4 billion online gambling market revenue in the UK forecast for 2030
12
$7.6 billion online gambling market revenue in Germany in 2023
13
$14.2 billion online gambling market revenue in Germany forecast for 2030
14
$2.6 billion iGaming market in Sweden in 2023 (revenue)
15
$6.2 billion iGaming market in Sweden forecast for 2030 (revenue)
16
2023 gross gambling revenue in the UK was £15.2 billion
17
Spain’s gambling market revenue was €3.5 billion in 2023
18
Japan’s pachinko and pachislot market revenue was ¥29.4 trillion in 2023
19
$4.7 billion global lottery market size in 2023 (revenue)
20
$7.5 billion global lottery market size forecast for 2030
21
$7.6 billion global fantasy sports market revenue in 2023
22
$14.8 billion global fantasy sports market forecast for 2030
Interpretation
Market 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.
02 · Category
Industry Trends15 stats
01
Sports betting accounts for 20.4% of total US gambling revenue in 2023 (betting/wagering share)
02
US sports betting active states increased to 30 in 2024
03
Global online gambling share of total gambling revenue increased to 12.4% in 2023
04
Global online gambling revenue grew at a 4.7% CAGR between 2018 and 2023
05
In 2023, iGaming dominated online gambling with a revenue share of 54% (iGaming vs sports betting online mix)
06
In 2023, online slots accounted for 31% of iGaming revenue
07
In 2023, online poker accounted for 6% of iGaming revenue
08
In 2023, US operators reported a 9% increase in the use of self-exclusion tools
09
In 2023, the global betting exchange (B2C) market accounted for about $8.1 billion in revenue
10
Betting exchanges are forecast to reach $12.4 billion by 2030
11
In 2023, average ticket size for US online sports betting was about $29
12
In 2023, the UK online sports betting revenue was £2.7 billion
13
In 2023, the UK retail betting revenue was £4.4 billion
14
In 2023, Germany online sports betting revenue was €1.8 billion
15
In 2023, France online sports betting revenue was €2.0 billion
Interpretation
Industry 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.
03 · Category
Performance Metrics1 stats
01
In 2023, the US online sports betting handle per active account exceeded $1,600
Interpretation
Performance Metrics Interpretation
In 2023, the US online sports betting handle per active account surpassed $1,600, signaling strong per-customer wagering activity.
More related reading
04 · Category
Cost Analysis10 stats
01
In 2023, US federal tax on winnings (withheld) commonly applies to amounts over $5,000in certain structures (IRS withholding guidance)
02
US backup withholding rate is 24% on reportable payments where required (IRS)
03
In 2023, mean cost of a data breach in the global benchmark was $4.45 million (IBM Cost of a Data Breach report)
04
The IBM report found the average total cost of a data breach was $4.88 million in 2024
05
EU GDPR administrative fines can be up to €20 million or 4% of total worldwide annual turnover, whichever is higher
06
In 2023, the average AML monitoring alert false-positive rate in financial services was about 98% (benchmark; relevant to wagering compliance costs)
07
In 2023, minimum KYC/ID verification checks include 1 identity document verification step at onboarding (KYC process benchmark)
08
FATF guidance specifies “risk-based approach” requires documented procedures for customer due diligence (CDD) and ongoing monitoring (minimum: documented procedures)
09
In 2023, the average cost of KYC verification per customer was around $0.30–$2.00 (benchmark from KYC vendors)
10
US anti-fraud operating costs for gambling platforms can include 1.5% of revenue in fraud tooling and operations (benchmark)
Interpretation
Cost 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.
05 · Category
User Adoption3 stats
01
In 2023, the US had 38.9 million people who watched sports betting-related content (est. from market research)
02
In 2023, 1.2% of Australian adults were estimated to be at moderate risk of problem gambling (survey-based)
03
In 2023, 0.3% of Australian adults were estimated to have high risk of problem gambling (survey-based)
Interpretation
User 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.
Reference
Cite This Report
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APA
Stefan Wendt. (2026, February 13). Wagering Industry Statistics. Gitnux. https://gitnux.org/wagering-industry-statistics
MLA
Stefan Wendt. "Wagering Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/wagering-industry-statistics.
Chicago
Stefan Wendt. 2026. "Wagering Industry Statistics." Gitnux. https://gitnux.org/wagering-industry-statistics.
Sources & references
36 datasets cited across this report · attribution is report-level
+20 additional datasets cited (not shown individually)