The global online gambling market size was valued at USD 63.53 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 11.7% from 2023 to 2030.
The online gambling market size is a constantly changing figure as it is influenced by various factors such as regulatory changes, market trends, and economic conditions. However, according to various market research reports, the global online gambling market size is expected to continue growing in the coming years.
According to a report by Technavio, the global online gambling market size was valued at $58.9 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 10.85% from 2021 to 2025. Another report by ResearchAndMarkets.com forecasts that the global online gambling market size will reach $127.3 billion by 2027, growing at a CAGR of 11.5% from 2020 to 2027.
Factors driving the growth of the online gambling market include increasing internet penetration, the adoption of smartphones and tablets, the growing popularity of online betting and gaming, and the relaxation of regulations in some markets. However, the market is also faced with challenges such as regulatory changes, increasing competition, and concerns over problem gambling and addiction.
It's worth noting that market size estimates can vary between reports and that these figures are subject to change based on a variety of factors.
Enjoy online casino games in betbit.com.
