Online Betting Market Size, Share & Outlook to 2033

ONLINE BETTING MARKET OVERVIEW

The global Online Betting Market size was valued approximately USD 70.16 billion in 2024 and will touch USD 170.93 billion by 2033, growing at a compound annual growth rate (CAGR) of 10.4% from 2024 to 2033.Online gambling, simply put, is that everyone bets on the Internet to win or lose. You can bet on soccer games (soccer, basketball, horse racing), or play casino games (slot machines, poker, roulette), as well as guess the election results, reality shows who won and who lost. These websites are very convenient, bet, see the results, take money, mobile phone, computer all-round fix. Online gambling is particularly popular because it can be played at any time. But also have to be careful, the law on online gambling is very strict, different local rules are not the same, the main is to ensure fair, do not let people cheated.

COVID-19 IMPACT

“The Epidemic Drives Rapid Growth In The Online Gambling Market”

Online gambling has taken off since the coronavirus outbreak. People can't go out, the physical casinos and sports events are closed, and they have fun gambling online. Many online gambling platforms have seen a surge in users, and more money is being wagered. Closed at home bored, everyone began to play online casino games, virtual sports betting, esports betting. Gambling companies have also come up with new tricks, such as virtual sports and online poker, to keep people having fun. The epidemic has made online gambling more popular, and it has been played in places where it was not played before. The state has also relaxed regulations, making it easier to gamble online. Nowadays, online gambling is more popular and more people play it.

LATEST TREND

”Mobile and Apps Drive Growth of Online Gambling Market”

Nowadays online gambling, everyone likes to play with mobile phones. More mobile phones and tablets, gambling websites and software have also changed, and mobile phones can place bets, see results, and transfer money, which is particularly convenient. Mobile page done well, play more smoothly. Mobile gambling is very fast, young people and technology fans are very popular, and more and more people play.

ONLINE BETTING MARKET SEGMENTATION

By Type

Based on Type, the global market can be categorized into Casino, Sports Betting, Poker, Bingo, Lottery, Others.

Casino: In the casino (whether physical or online), you can play a variety of betting games, such as card games (such as blackjack, baccarat), board games (such as roulette, craps) and slot machines. There are many ways to play here, both to see luck and to see technology, the purpose is to win money.
Sports betting: Guess which team or individual will win the game and then bet on it. You can guess the outcome of the game, the way it was won, or certain details of the game (such as the score, player performance). You can bet on football, basketball, soccer (including soccer or rugby), horse racing, tennis, and esports. You can bet before or during the game, and the odds are the likelihood of the outcome of everyone's guess.
Poker: This is a brainy, somewhat technical card game where you have to compete with other players to see who has the best cards and who can fool the opponent. Texas Hold 'em, Omaha Hold 'em, and seven-card hold 'em are all popular. You can play online or in a brick-and-mortar casino and win grand Prix prizes.
Bingo: This is a game of chance, the host will give random numbers, you have to cross the corresponding number on the card. The first person to complete the pattern on the card (a line or full) wins. You can play in a physical bingo hall or on an online platform, which is popular right now because it's convenient and fun. The stakes are low, but the prize is tempting.
Lottery: This is also a game of chance, you can buy a lottery ticket to try your luck and see if you will win. There are many kinds of lottery tickets, such as scratch-offs, raffles and Powerball, Millionaire lottery, etc. The prizes range from small to large, and some of them can change lives. Although the probability of winning is not high, the big prize is very attractive, so many people like to buy lottery tickets.

By Application

Based on application, the global market can be categorized into Desktops, Mobile Devices.

Desktops:Desktop devices are the big computers we have at home or in the office. It has to be connected to a screen, keyboard and mouse. This kind of computer is better than hand-held, and can be configured by itself. The screen is large, can store a lot of things, but also upgrade the processor, memory, graphics card these. This kind of computer is suitable for playing games, making videos, processing data, writing software and other tasks that require a lot of computing power. Although laptops and mobile phones are becoming more and more popular, this kind of big computer is still indispensable in many workplaces because of its strong performance and easy expansion.
Mobile Devices:Mobile devices are small electronic gadgets that we carry around with us, such as mobile phones and tablets. They're small, wirelessly connected, and touch screen. It runs on battery power and can connect to Wi-Fi, Bluetooth and the Internet with a mobile signal. With mobile phones, you can surf the Internet, make calls, send text messages, play games, and have a lot of fun apps, such as watching videos, working, social networking. Because they are small, convenient and easy to use, they are now indispensable communication and entertainment tools in our lives.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

Driving Factors

”Popularization Of Real-Time Betting And Live Streaming Functions”

Now there is a popular way to play online gambling, that is, to bet while watching the game, which sounds very exciting. For example, if you are watching a football match or tennis match, you can bet directly. So, online gambling sites have added live and real-time data, so that you know the game at any time, want to bet. In this way, everyone bets while watching the game, playing more hi, but also more with a sense.

Restraining Factor

”Gambling Addiction and Responsible Betting Concerns”

Gambling addiction and gambling problems have seriously hindered the growth of the online gambling industry. Because online gambling platforms are easy to use, a slip of the hand can lead people to gamble too much, especially if they are lonely or on a tight budget. As a result, people are now calling for stronger anti-gambling measures, such as a "self-stay away" feature, limits on the amount of money you can recharge, and mandatory cooling-off periods. If these issues are not addressed properly, the reputation of online gambling platforms will deteriorate, and it may lead to stricter regulation, which will hinder the development of the industry.

Opportunity

”Blockchain and Cryptocurrency Adoption”

The online gambling industry is becoming increasingly popular with blockchain and cryptocurrencies. Blockchain can allow everyone to see more clearly, more secure and fair transactions, which is really attractive to those who are worried about whether there is a secret online gambling platform. Moreover, cryptocurrencies such as Bitcoin and Ethereum are now used by many people to pay money because of their fast transfer, confidentiality and low fees. Adding these new technologies to online gambling is sure to open up many new ways to play and attract a new generation of gamblers who love new technology and value privacy.

Challenge

”Payment Processing and Fraud Risks”

There is also a headache in the online gambling industry, which is very troublesome and easy to be cheated. Especially for those places that do not trust online payment, platforms need to be particularly careful about the security of transactions. Bad things like credit card fraud and money laundering happen all the time, so the platform has to invest a lot of money to ensure payment security, verify identity, and prevent fraud. If the safety facilities are not good enough, the operators can get into lawsuits, their reputations will be bad, and the development of the whole industry will be slowed down.

ONLINE BETTING MARKET REGIONAL INSIGHTS

North America

North American online gambling industry, now can be hot, growing very fast, mainly because the policy is changing, everyone is more and more acceptable to play on the Internet. The United States has made great progress in this regard, especially since the repeal of the 2018 bill that outlawed sports betting. Many states now allow online sports betting, and by 2024, some will have allowed online casinos and poker. At this rate, the industry is sure to continue to grow, with big players like DraftKings, FanDuel, and BetMGM jumping in. Canada is following suit, allowing online betting on single sports games in 2021. However, the industry is very tightly regulated, and each place has its own rules, which can be a headache for bosses who want to work across the country. Plus, with all the concerns about addiction and the need to play responsibly, there's a lot of pressure on bosses to figure out how to keep people healthy. Overall, the industry in North America has a great future, but it is still in a phase of change.

Europe

Europe has always been a leader in online gambling, with strict rules, and people love to participate. In places like Britain, Germany, France and Italy, online gambling is well regulated, whether for sports or casinos. Britain is a big online gambling, mature rules, management is also in place, all rely on the British Gambling Commission in the gatekeeping. There's a lot of competition in this business, and bosses at home and abroad are eyeing this piece of meat. However, in recent years, some countries in Europe have begun to tighten the rules, mainly to let everyone play responsibly, do not advertise, but also check the age. In Germany, for example, new laws in 2021 take a tighter look at online gambling. Eastern Europe is also growing, with countries such as Poland and Romania starting to let legitimate bosses in. The biggest problem in the European business is that the rules are not uniform, and each country has its own play and rules. However, the European online gambling industry is still more and more popular, mainly because everyone likes it, many places are not strictly controlled, and now mobile phones and network platforms are also convenient.

Asia

Online gambling in Asia is messy because countries have different views and different laws. In places like China, India, Japan and South Korea, there are many people and large markets, but there are also many rules. China is so tightly regulated that online gambling is almost impossible except for a government lottery; In India, the individual states decide for themselves, some places can bet on sports, others ban online gambling. In Japan, it's mostly the ones the government lets play, like pachinko; Korea plays a few games. However, no amount of rules can stop the foreign and black market, especially those that are not strictly regulated. The Philippines has become a hub for online gambling, and many companies rely on the Philippine regulator for licenses. Esports gambling in Asia is also hot, especially in China and South Korea, where the gaming culture is too strong. Thailand, Vietnam, these places, online gambling sports is also becoming more and more popular, everyone wants to find the government regardless of the place to play two. The challenge in Asia is that the rules are not uniform, the government is always cracking down, and some places are not culturally accepted, but because of the large number of people, young people, and technology understanding, online gambling has great potential.

KEY INDUSTRY PLAYERS

”Major Market Contributors Driving Online Betting's Advancement and Expansion”

There's a lot of competition in the online gambling business, and a lot of companies are trying to get customers. In North America, DraftKings, FanDuel and BetMGM have done well in the sports gambling space, especially since it has been allowed in many parts of the country. They are trying to attract more people by flying ads and linking up with sports events to create some attractive betting options, such as the ability to bet while the game is in progress and the small amount of betting. In Europe, established companies such as William Hill, Paddy Power and Bet365 are the leaders because they have been in the business for a long time and the rules are clear. The European market is also very competitive, and everyone is trying to figure out how to make users like it more, such as developing mobile apps, providing live games, and engaging in advanced data analysis. In Asia, the rules are more mixed, with both foreign and local gambling platforms competing for territory. Gaming gambling this area, the competition is more intense, Unikrn, Betway these platforms by the more and more popular east wind, make a lot of money. Even as the market gets bigger, so does regulation, the need to encourage people to play responsibly, and saturation in some places, companies have to find new ways to do things. For example, improve the mobile phone interface, make users more comfortable, provide personalized services, and expand some new ways of playing, such as virtual sports, fantasy games.

List of Top Online Betting Companies

Bet365
Kindred Group
Entain plc
Flutter Entertainment
William Hill

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.
The online gambling industry will continue to grow in popularity over the next decade, and there will be many new changes around the world. More and more countries are starting to legalize online gambling, especially in parts of North America and Europe, so that there are more formal gambling platforms, and everyone can play more safely and more convenient. Now mobile gambling is particularly popular, you can also watch the game real-time betting, play more exciting. New methods such as e-sports gambling, virtual sports competitions, and live betting are also gaining popularity. However, this industry also has its difficulties, such as more and more strict regulation, the need to encourage people to play in moderation, and other games and entertainment are also competing with us. To gain a foothold in this competitive market, companies need to play by the rules, find ways to make people have more fun, and keep innovating. New technologies like blockchain and cryptocurrencies are also starting to catch fire in the industry, potentially changing how we pay and trust the platform. In general, the industry will continue to grow, becoming more comprehensive, more intimate, and more advanced.