Global iGaming Market to Reach $156.7 Billion by 2030
Current Figures and Growth Projections
According to a report by Research and Markets, the global online gambling and betting market was valued at $81.9 billion in 2023 and is projected to reach $156.7 billion by 2030, with a compound annual growth rate (CAGR) of 9.7% from 2023 to 2030.
Key Market Growth Factors
- Rise of Mobile Gambling: The increasing use of smartphones and mobile applications enhances the accessibility and popularity of online betting.
- Integration of Blockchain and Cryptocurrencies: The adoption of blockchain technologies and cryptocurrencies ensures transparent and secure transactions, attracting new users.
- Popularity of Live Dealers and Esports Betting: Realistic experiences with live dealers and the growing interest in esports expand the online gambling audience.
Market Segment Dynamics
The online poker and casino segments are experiencing significant growth. Projections indicate that the online poker market will reach $68.9 billion by 2030, with a CAGR of 11.3%, while the online casino segment is expected to grow at an annual rate of 7.3%.
Geographical Analysis
| Region | 2023 Market Value | 2030 Projected Value | CAGR (%) |
|---|---|---|---|
| United States | $22.8 billion | – | – |
| China | – | $23.5 billion | 8.9% |
| Japan | – | – | Steady Growth |
| Canada | – | – | Steady Growth |
| Germany | – | – | Steady Growth |
| Asia-Pacific | – | – | Steady Growth |
Leading Market Players
- 888 Holdings Plc
- Betsson AB
- Betway Group
- Churchill Downs Inc.
- Entain plc
- Flutter Entertainment plc
- Fortuna Entertainment Group N.V.
- Kindred Group Plc
- Playtech PLC
- The Stars Group
These companies are actively developing their platforms and services, contributing to the growth and evolution of the global iGaming market.