Online Gambling Market Size

Online Gambling Market size was valued at USD 63.53 Billion in 2023 and is poised to grow from USD 70.96 Billion in 2024 to USD 171.54 Billion by 2032, growing at a CAGR of 11.7% during the forecast period (2025-2032).

Key vendors in Online Gambling  Market are: 'William Hill Plc.', 'Paddy Power Betfair', 'GVC Holdings', '888 Holdings', 'Kindred Group Plc.', 'Stars Group', 'Ladbrokes Coral Group', 'Betsson AB', 'Flutter Entertainment', 'The Rank Group', 'Bet-at-home.com', 'DraftKings', 'FanDuel', 'MGM Resorts International', 'Caesars Entertainment', 'Golden Nugget Online Gaming', 'PointsBet', '1xBet', 'Betway'.

The increasing use of digital and mobile payments has simplified payment procedures for users and online players. Furthermore, online payment facilities provide a secure and safe mode of transaction, increasing their acceptance in the online gaming industry. Furthermore, the more straightforward and convenient payment methods increase player participation in the gambling industry.

Virtual gambling companies are investing heavily in new technologies to improve the user experience. In the mobile gambling industry, artificial intelligence (AI) plays a significant role in introducing new features and functions. AI is being used by application and website developers to improve the customer experience. AI integration with these systems aids in the analysis of the user's gaming interests and behavior. This aids in suggesting games that are relevant to the players' interests, thereby improving the customer experience.

The global online gambling market is studied on the basis of geography as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America region dominates the global Online Gambling market in 2021. The market is expected to be dominated by Europe. Key players' presence in the region is expected to drive Online Gambling market growth over the forecast period. Furthermore, Europe's rich sporting history, as well as the region's widespread presence of sports-obsessed fans, are propelling Online Gambling market growth. Several European sports fans are heavily investing in online sports betting sponsorship. For example, to maintain customer relationships, William Hill Plc. and Caesars Entertainment, Inc. signed a National Football League (NFL) team sponsorship in October 2020. In terms of revenue share, North America is second in the Online Gambling market. Demand in the region is expected to be driven by rising digitalization and secure mobile solutions. Three states in the United States, namely Nevada, Pennsylvania, and New Jersey, have gambling regulations, which are driving demand for sportsbooks and betting apps.