Global online gambling industry market size 2017-2029

The size of the global online gambling & betting industry reached US$85. 62 billion in 2023. This is projected to increase to US$133. 59 billion by 2029. In comparison, the market size of the global sports betting and lottery industry is valued at approximately US$244 billion as of March 2024. Overall, the global sports betting industry comprises more than 200, 000 employees and approximately 22, 000 businesses.

How popular is sports betting in the United States?

In 2022, more than 25 million people in the United States engaged in sports betting, highlighting the popularity of sports betting in North America. Furthermore, this figure is projected to increase by 47% by 2025. Total sports betting revenue in the United States in 2023 was US$11. 04 billion, up approximately 46% from the previous year. Meanwhile, as of July 2023, the most popular sports betting site in the United States is DraftKings.

What is the United Kingdom’s National Lottery?

Lotteries are a form of gambling in which participants purchase numbered tickets with the aim of matching the numbers with lottery tickets that will be randomly drawn at a later date. Founded in 1994, the National Lottery is a national version of the activity regulated by the Gambling Commission in the UK. Between April 2022 and March 2023, National Lottery tickets worth 8 billion British pounds were sold, slightly higher than the figures reported for the immediately preceding period. Meanwhile, over 4. 6 billion British pounds were available as prizes for potential National Lottery winners during the same period.

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Market size of the online gambling industry worldwide from 2017 to 2023, with a forecast until 2029 (in billion U.S. dollars)

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Statistics on " Sports betting industry worldwide "

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Sports Betting Statistics and Trends for 2024

It's a great opportunity to look back on the previous year of Sports Betting. Not only will you gain valuable insights for last year's performance, but will also be useful for this year's activities. Using sports betting statistics, we analyze important activities in the 2023 sports betting market in 2023.

After investigating what kind of performance the world has performed, we will look in 2024. We will clarify the trends of the coming sports betting and predict what will be expected from this year's events and customer behavior. Read the future to know the whole image of the sports betting market, its size, value, and field of interest.

Sports Betting Highlights

It was sports action that created the highlights of betting, and there were some madnesses in 2023, but there were also events that were as expected. Such heights determine the win or loss of sportsbating for flea shops and the victory or defeat for the panant.

For example, a prop, a prop, has bet on all teams in the afternoon of Sunday afternoon. After presenting 200 to 1 odds for this event, they paid more than $ 20 million.

Let's take a look at other 2023 events where bets have increased rapidly.

Comebacks, Close Games and Upsets

The guarantee that liv e-bets will be active is when the team takes the lead early. The i n-odsfeed has been a focus on the largest reversal play in NFL playoffs. After the Chargers led 27-0, Jaguars won 31-30.

Needless to say, many users were convinced of the Chargers's victory. On the other hand, there was an incredibly tense Super Bowl, and as the end of the 4Q approached, he caught up with the tie. The panties were shattered at the end, and the other panties blessed.

One derby seemed to be a natural result. The fact that Liverpool won the Manchester United 7-0 was a major reversal not only for Man U fans, but also for those who supported the red devil due to the upset of Liverpool.

New Records

Another factor in which betting is thriving in the field of sports is a new record. Many new records were born in 2023. In Tennis, Novak Djokovic has set a new record of winning the Grand Slam. In the basketball, LeBron James has surpassed NBA's Kalean Abdul Jabber's recor d-long scoring king.

Sports is to challenge the limit of achievement, and it is a wonderful way to attract the pantant's attention. South Africa won the Rugby World Cup for the fourth time, Australia won the Cricket World Cup sixth time, and Manchester City achieved three crowns.

However, John Laam won the Masters for the first time, Carlos Alcaras won Wimbledon, and Texas Rangers won the World Series for the first time.

Mobile Sports Wagers

The flea shop should certainly pay attention to unique sporting events, but it also influenced how customers perform sports gambling in 2023. By cooperating with sports, betting data providers, such as TXODDS, you can get a lo w-delay odds feed and get an advantage.

According to a recent survey by the British Gambling Committee, 74%of Imprevetters are betting on mobile. Mobile betting is gaining in popularity thanks to the ease of access, and accounts for about 50%of all online gambling activities.

Increased Access

Increasing access is not only about customer terminals. It is also a matter of gambling legislation. In recent years, state law has changed dramatically in the United States.

As of 2023, in the United States, the Colombia Special District and 37 states provide legal sports betting. The market is expanding, and this trend is expected to last 2024.

Statistics Breakdowns Per Region

Let's look at recent sports betting statistics to find out what is happening in this industry. Sports betting is different in the world, and the rules and population size are different, so it is useful to classify statistics by region.

UK

The United Kingdom has the largest gambling market share in Europe. In addition, it is one of the most secure gambling industries with the most strict and most secure regulations. I looked at how many people are betting in the UK and what the sports they like when betting.

• According to a survey in March 2023, 5. 1%of respondents have bet on sports the previous month.
• Of these, 4. 8%are betting soccer, found that 94%of all British sports betors are betting in beautiful games.
• 45 % of regular gamblers who bet on soccer in the past 12 months.

US

The United States, which has a large population and is growing online sports betting in many states, is a unique growth place. I investigated how it has affected the market share, the profit of 2023, and which sports are collecting the most bets.

• In 2023, sales of retail and online sportsbooks were $ 10. 85 billion
• The US online gambling market is expected to be about 12%between 2023 and 2030.

In recent data

• 81%of Better bet on NFL
• 54%bet on the NBA
• 44%bet on MLB
• 34%bet on college football

EU

Most statistics are for Europe, not the EU, so these numbers also include British numbers. Nevertheless, it is possible to get a glimpse of what is happening in the European sports betting industry.

• Gambling in Europe is estimated to be 81. 1 billion euros in 2020. It is expected to increase to 126. 3 billion in 2026.
• According to a report published in 2023, the country with the highest total income in Europe after the UK is Italy, Germany, France, Spain and the Netherlands.
• The most popular betsports in Europe include soccer, tennis, basketball, cricket, rugby, and ice hockey.

Asia

Certain Asian countries are experiencing a surge in popularity, making them interesting markets for sports betting. In addition to countries with large populations and large sports fans like India, interest is also growing in countries like Japan and South Korea.

• Sports betting revenue is predicted to reach $7. 73 billion in 2024.
• The overall online gambling market in Asia is expected to reach $11. 9 billion in 2024, with online sports betting accounting for the largest share of revenue.
• Esports betting is booming in popularity, especially in countries like South Korea, where projected revenue in 2024 is $397. 1 million, an increase of 11. 7%.
• 78% of esports bettors in the region are between 18 and 25 years old.

Trends for the Year Ahead

From a bookmaker's perspective, sports betting is all about data analysis and insights. TXODDS' historical odds database gives us intelligence that can be used for future pricing.

The same approach can be used to identify trends in sports betting. Data from 2023 helps us see where the industry is heading. One thing is for sure: growth is expected. The market value of online sports betting is expected to reach 49. 96 billion in 2024, an increase of 14. 7%.

By partnering with a leading odds feed provider and staying ahead of the curve, you can get your share of the profits. Here are our predictions for 2024:

• Increased regulation - Rules will become more specific and standardized.
• Growth in certain countries - Canada and Australia are expected to see increased user penetration and revenue.
• Increased mobile betting - Betting using apps and mobile sites will increase.
• Closer connection between sports viewing and sports betting - Interactive experiences through streaming will set bookies apart.
• Increased competition will drive innovation - Bookmakers will upgrade their features and services to attract and retain customers.
• Increased use of AI - Leveraging the power of AI will streamline processes.
• Potential legal changes in Texas or California - Either of these states could move towards legalizing sports betting.
• Increase in new and casual bettors - Recreational betting will increase in 2024
• Continued surge in esports betting - Betting revenue from esports will increase in Asia and other regions

An Exciting 2024

There are a lot of fun in 2024. The future of sports betting is expected to improve collaboration, growth, social betting, and responsible gambling. Live betting, props opportunities, and football and NFL betting are still loved by customers.

For success, it is important to learn from past cases and build appropriate partnerships. Get further insights from TXODDS and prepare for major sporting events in 2024.

Online Gambling Market Research Report Information By Type (Online Bingo, Betting, Lottery, Casino, and Poker), By Device (Desktop and Mobile), and By Region (North America, Europe, Asia-Pacific, and Rest Of The World) – Market Forecast Till 2032.

The online gambling market grew from $ 8147 billion in 2024 to $ 172. 5 billion in 2032, and the annual average growth rate (CAGR) indicates 9. 83%during the forecast period (2024 to 2032). It will be done. The market for online gambling was $ 73. 2 billion in 2023.

The increase in the use of the Internet and increasing the number of online games on mobile phones has become a major market factor that promotes market growth.

Figure 1: Online gambling market size, 2024-2032 (US $ 1 billion) Type secondary research, primary search, MRFR database, analyst treve

Online Gambling Market Trends

The growing internet penetration is driving the market growth

The demand for online gambling is increasing as a result of an increase in Internet use and an increase in users who use mobile devices to play online games. Focusing with celebrities, corporate sponsorships, simple access to internet gambling, and legalization are supporting the expansion of the industry. With the spread of smartphones and 5G Internet technology, the market is expanding.

For example, BETMGM, a subsidiary of EnTain PLC., has partnered with NBC Sports in September 2022 and integrates other content on the 2022 NFL season highlights at Football Night In America and all NBC Sports platforms. I'm doing it. Artificial intelligence, machine learning, and expansion reality is a modern smartphone function that is useful for programmers to develop immersive interactive gambling applications. < SPAN> There are a lot of fun in 2024. The future of sports betting is expected to improve collaboration, growth, social betting, and responsible gambling. Live betting, props opportunities, and football and NFL betting are still loved by customers.

For success, it is important to learn from past cases and build appropriate partnerships. Get further insights from TXODDS and prepare for major sporting events in 2024.

The online gambling market grew from $ 8147 billion in 2024 to $ 172. 5 billion in 2032, and the annual average growth rate (CAGR) indicates 9. 83%during the forecast period (2024 to 2032). It will be done. The market for online gambling was $ 73. 2 billion in 2023.

The increase in the use of the Internet and increasing the number of online games on mobile phones has become a major market factor that promotes market growth.

Figure 1: Online gambling market size, 2024-2032 (US $ 1 billion)

Online Gambling Market Segment Insights

Online Gambling Type Insights

Type secondary research, primary search, MRFR database, analyst treve

Online Gambling Device Insights

The demand for online gambling is increasing as a result of an increase in Internet use and an increase in users who use mobile devices to play online games. Focusing with celebrities, corporate sponsorships, simple access to internet gambling, and legalization are supporting the expansion of the industry. With the spread of smartphones and 5G Internet technology, the market is expanding.

For example, BETMGM, a subsidiary of EnTain PLC., has partnered with NBC Sports in September 2022 and integrates other content on the 2022 NFL season highlights at Football Night In America and all NBC Sports platforms. I'm doing it. Artificial intelligence, machine learning, and expansion reality is a modern smartphone function that is useful for programmers to develop immersive interactive gambling applications. There are a lot of fun in 2024. The future of sports betting is expected to improve collaboration, growth, social betting, and responsible gambling. Live betting, props opportunities, and football and NFL betting are still loved by customers.

For success, it is important to learn from past cases and build appropriate partnerships. Get further insights from TXODDS and prepare for major sporting events in 2024. Type secondary research, primary search, MRFR database, analyst treve

Online Gambling Regional Insights

The increase in the use of the Internet and increasing the number of online games on mobile phones has become a major market factor that promotes market growth.

Figure 1: Online gambling market size, 2024-2032 (US $ 1 billion)

Type secondary research, primary search, MRFR database, analyst treve Type secondary research, primary search, MRFR database, analyst treve

For example, BETMGM, a subsidiary of EnTain PLC., has partnered with NBC Sports in September 2022 and integrates other content on the 2022 NFL season highlights at Football Night In America and all NBC Sports platforms. I'm doing it. Artificial intelligence, machine learning, and expansion reality is a modern smartphone function that is useful for programmers to develop immersive interactive gambling applications.

The annual growth of online casinos coexists with technological advances, and these developments are meant to build the necessary trust in the online gambling industry. For example, virtual reality (VR) games simulate an environment and allow players to interact with it accurately through specialized hardware. VR not only offers a more realistic gambling experience, higher sound quality, and realistic game design, but also allows players to interact with other players and dealers. For example, SLTM Ltd.'s SlotsMillion online casino has VR features.

Online Gambling Key Market Players & Competitive Insights

Online casino developers put a lot of effort into creating tools to help and support players, ensure the integrity of gambling, and prevent fraud. Free-to-play versions of games are offered by several online gambling sites to attract new players. Free-to-play versions rely on website or in-app advertising to make money. For example, gambling sites and apps offer advertising spots on their websites and in-app content. The Internet gambling sector is expanding and in high demand because customers can play at their own convenience.

The introduction of blockchain technology is also having a significant impact on market expansion. In addition to traditional payment methods, blockchain payments are now being accepted by gambling apps and websites. For example, BitStarz, a Bitcoin gambling platform, has around 4 million regular users. Through the blockchain ledger, blockchain can provide secure payments and transparency of gaming activities. The speed and security of Bitcoin transactions make gambling available to a wide range of opportunities. Cryptocurrency transactions are free of rules and restrictions, so they are now commonly used by users for online gambling. The sector is predicted to expand as a result of the evolving regulatory environment for virtual betting and the legalization of the market in new countries. For example, Goa and Sikkim have recently legalized online gaming. Increased reliability is expected to further spur market expansion. The sector is predicted to develop as major players such as Kindred, Entain, and Bet365 are increasingly interested in innovation, partnerships, mergers, and promotions to boost their global status.

The world's online gambling market is divided into online bingo, betting, lottery, casino, and poker by type. In 2022, the betting segment accounted for the largest revenue share. The growth of the industry is accelerating due to the growing popularity of sports betting gambling, such as rugby and soccer, and the spread of the Internet. The market has grown as a result of the cooperation of private companies and gaming software manufacturers to provide use r-friendly UI gaming solutions. For example, Amazon. com, Inc. partnered with DRAFTKINGS Inc. in September 2022, providing the only sport s-betting tool for soccer games broadcast in Prime Video.

The world's online gambling market is divided into desktops and mobile by device. The desktop segment ruled the 2022 online gambling world market. Compared to portable devices and other devices, the desktop has a larger screen size, and gamblers can enjoy the details and images of the game. In addition, desktop performance characteristics such as hig h-resolution audio, videos, scalable storage options, are improving game experiences. These elements contribute to the expansion of the desktop market.

With advanced mobile technology, you can enjoy real game images on your smartphone, improving access to online gambling on mobile devices. For example, iOS and Android smartphones can access betting apps such as Cricbaba, Sky Bet, Bet365. This segment has expanded as a result of the spread of mobile phones that can be used at reasonable rates and modern functions such as enhanced graphics and extension storage. Mobile gambling users can benefit from a variety of functions, including remote play, royalty points, more deposits, and multiplayer games options.

Key Companies in the Online Gambling market include

Online Gambling Industry Developments

Figure 2: Online gambling market, by device, 2022 and 2032 ($ 1 billion)

Type secondary religious, primary search, MRFR database, analyst trebrease < SPAN> The world's online gambling market is divided into online bingo, betting, lottery, casino, and poker by type. In 2022, the betting segment accounted for the largest revenue share. The growth of the industry is accelerating due to the growing popularity of sports betting gambling, such as rugby and soccer, and the spread of the Internet. The market has grown as a result of the cooperation of private companies and gaming software manufacturers to provide use r-friendly UI gaming solutions. For example, Amazon. com, Inc. partnered with DRAFTKINGS Inc. in September 2022, providing the only sport s-betting tool for soccer games broadcast in Prime Video.

Online Gambling Market Segmentation

Online Gambling Type Outlook

Online Gambling Device Outlook

Online Gambling Regional Outlook

The world's online gambling market is divided into desktops and mobile by device. The desktop segment ruled the 2022 online gambling world market. Compared to portable devices and other devices, the desktop has a larger screen size, and gamblers can enjoy the details and images of the game. In addition, desktop performance characteristics such as hig h-resolution audio, videos, scalable storage options, are improving game experiences. These elements contribute to the expansion of the desktop market.	With advanced mobile technology, you can enjoy real game images on your smartphone, improving access to online gambling on mobile devices. For example, iOS and Android smartphones can access betting apps such as Cricbaba, Sky Bet, Bet365. This segment has expanded as a result of the spread of mobile phones that can be used at reasonable rates and modern functions such as enhanced graphics and extension storage. Mobile gambling users can benefit from a variety of functions, including remote play, royalty points, more deposits, and multiplayer games options.
Figure 2: Online gambling market, by device, 2022 and 2032 ($ 1 billion)	Type secondary religion, primary search, MRFR database, analyst trebrease online gambling market is divided into online bingo, betting, lottery, lottery, and poker by type. In 2022, the betting segment accounted for the largest revenue share. The growth of the industry is accelerating due to the growing popularity of sports betting gambling, such as rugby and soccer, and the spread of the Internet. The market has grown as a result of the cooperation of private companies and gaming software manufacturers to provide use r-friendly UI gaming solutions. For example, Amazon. com, Inc. partnered with DRAFTKINGS Inc. in September 2022, providing the only sport s-betting tool for soccer games broadcast in Prime Video.
The world's online gambling market is divided into desktops and mobile by device. The desktop segment ruled the 2022 online gambling world market. Compared to portable devices and other devices, the desktop has a larger screen size, and gamblers can enjoy the details and images of the game. In addition, desktop performance characteristics such as hig h-resolution audio, videos, scalable storage options, are improving game experiences. These elements contribute to the expansion of the desktop market.	With advanced mobile technology, you can enjoy real game images on your smartphone, improving access to online gambling on mobile devices. For example, iOS and Android smartphones can access betting apps such as Cricbaba, Sky Bet, Bet365. This segment has expanded as a result of the spread of mobile phones that can be used at reasonable rates and modern functions such as enhanced graphics and extension storage. Mobile gambling users can benefit from a variety of functions, including remote play, royalty points, more deposits, and multiplayer games options.
Figure 2: Online gambling market, by device, 2022 and 2032 ($ 1 billion)	Type secondary research, primary search, MRFR database, analyst treve
By region, the report offers market insights across North America, Europe, Asia Pacific, and Rest of the World. The North American online gambling market dominated this market in 2022 (45. 80%). The increasing legalization of the business in the region is expected to spur the industry expansion. The legal structure of the United States currently allows licensed bookmakers to operate legally only in New Jersey, Nevada, and Pennsylvania, as gambling is regulated in these states. Moreover, the US online gambling market accounted for the largest market share, while the Canadian online gambling market was the fastest growing market in the North American region.	Furthermore, the major countries studied in this market report are the United States, Canada, Germany, France, the United Kingdom, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: Online Gaming Market Share by Region, 2022 (USD Billion)	2023
Type Secondary Research, Primary Research, MRFR Database, Analyst Review	The European online gambling market accounted for a healthy market share in 2022. The development is due to the legalization of gambling in several European countries, especially Italy, Spain, France, and Germany. Availability of high-speed broadband internet, growing appeal of online casinos, and growing use of smartphones are some of the other factors driving the industry expansion. For instance, sports betting accounted for the largest portion of online gambling in 2022, according to a survey by the European Gaming & Betting Association. Moreover, the German online gambling market accounted for the largest market share, while the UK online gambling market was the fastest growing market in the European region.
The online gambling market in Asia Pacific is expected to register significant growth from 2023 to 2032. Increasing use of internet services and changes in regulations regarding online gambling and betting are expected to boost the market growth during the forecast period. Moreover, the Chinese online gambling market accounted for the largest market share, while the Indian online gambling market is the fastest growing market in the Asia Pacific region.	The major market participants are investing a lot in R & D to expand the product line, contributing to the further growth of the online gambling market. Market participants also have various strategic activities to expand global footprints through important market development, such as new products, contract agreements, M & amp; A, expensive investment, and cooperation with other organizations. I'm going. The online gambling industry must provide cos t-effective products to expand and survive in a market environment where competition intensifies.
Manufacturing locally to minimize operating costs is one of the major business tactics used by manufacturers in the world's online gambling industry to expand customer interests and market fields. In recent years, the online gambling industry has provided some of the most important advantages for medical care. VGC Holdings PLC, William Hill PLC, Kindred Group PLC, Paddy Power BetFair PLC, Sky Betting and Gaming, Betsson AB, LadrdBrokes GROUL The main companies in the online gambling market, such as PLC, The Stars Group Inc., research Investing in the development business is trying to expand market demand.	Class II and Class III gaming machines and casino management systems are one of the many products and services produced by Aristkrad Leisure Leimited (Aristkrad) and provided to consumers. RAID, Vikings, Dragon Link, Game of Thrones, Dollar Storm: Buffalo Gold Revolution, Grand Star Zoro, Timber Wolf Diamond, Choy's Kingdom, GOLD STACKS 8 8. The Hunt for Neptine Gold, Lightning Link, the company It is only a few of the games to be provided. It also manufactures social gambling platforms, electronic game consoles, and casino management solutions. Both real money and social games are being developed online. The headquarters of Aristrat is located in North Ride, New Southwales, Australia. Ariste Clut said in February 2022 that he intended to launch an online gambling subsidiary. The company has revealed that it will establish a third entity that manages the online RMG market.
An investment holding company is called BETSSON AB. He invests and manages businesses related to online and game fields. We own, operate and manage various video games and online gambling items. It also offers original online table games, slots and sports games. In addition to Betsson, Betsafe, Casino Winner, GUTS, Jackpot 247, Kaboo, Racebets, Rizk, Thrills, Norges Automaten, EUROPEBET LLA CASINO, CASINOEURO, etc. are brands owned by Betsson.	He is also the owner of Betsson Malta, which offers games, bingo, scratch cards, casinos and pokers. Sweden, China, Denmark, Gibraltar, Latvia, Latvia, Hungary, Georgia, Italy, Estonia, Malta, and Philippines are one of the countries that Betson is developing. Betsson's headquarters is located in Stockholm, Sweden. Kicker Tech Malta Limited, a B2B Sportsbook operating company, was acquired in Betson AB in October 2022. With the acquisition, Betsson has been able to expand the B2B customer base and provide more expandable technology.
September 2022: Football, Knight Inn, America's 2022 NFL season highlights and other programs are all together on the NBC Sports platform, and BETMGM, a subsidiary of EnTain PLC., has partnered with the network.	August 2022: The approval of Kansas, online sports betting operators, will be able to use the marketing services of Gaming. com Group Limited, a leading provider leading provider for the regulated online game market.
Report attribute/ index	detail
2023 market size	73. 2 billion dollars
2024 market size	814. 7 billion dollars
2032 market size	US $ 1725 billion
Annual average growth rate (CAGR)	9. 83% (2024-2032)

Standard year

• Market forecast period
• 2024-2032
• Past data
• 2018-2022
• Market forecast unit
• Amount ($ 100 million)

Report target range

Predication forecast, market competitive environment, growth factor, trend

Target segment

Type, device, region

Target area

North America, Europe, Asi a-Pacific region, and other areas

Target country

The United States, Canada, Germany, France, the United Kingdom, Italy, Spain, China, Japan, India, Australia, South Korea, Brazil

Major company

VGC Holdings PLC, William Hill PLC, Kindred Group PLC, Paddy Power BetFair PLC, Sky Betting and Gaming, Betsson AB, LadrdBrokes GROUL PLC, The Stars Group Inc.

Main market opportunity

Promotion and practical payment method

Main market dynamics