Online Gambling - Romania

Romania

Revenue in the Online Gambling market is projected to reach US$809.50m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.60%, resulting in a projected market volume of US$1,063.00m by 2029.
The Online Casinos market has a projected market volume of US$613.60m in 2024.
In global comparison, most revenue will be generated in the United States (US$23,030.00m in 2024).
The average revenue per user (ARPU) in the Online Gambling market is projected to amount to US$1.16k in 2024.
In the Online Gambling market, the number of users is expected to amount to 839.8k users by 2029.
User penetration in the Online Gambling market will be at 3.5% in 2024.

Market

Region

Region comparison

Currency

Analyst Opinion

The Online Gambling market in Romania has been experiencing significant growth in recent years.

Customer preferences: Romanians have shown a growing interest in online gambling, with more and more people opting to gamble online rather than at traditional brick-and-mortar casinos. This shift in customer preferences can be attributed to several factors. Firstly, the convenience of being able to gamble from the comfort of one's own home appeals to many individuals. Additionally, online gambling platforms often offer a wider range of games and betting options compared to physical casinos, providing customers with more choices and opportunities to win.

Trends in the market: One of the key trends in the online gambling market in Romania is the increasing popularity of mobile gambling. With the widespread adoption of smartphones and improved internet connectivity, more people are accessing online gambling platforms through their mobile devices. This trend has led to the development of mobile-friendly gambling websites and dedicated mobile apps, catering to the growing demand for on-the-go gambling experiences. Another trend in the market is the emergence of live dealer games. These games combine the convenience of online gambling with the immersive experience of playing at a physical casino. Live dealer games allow players to interact with real dealers and other players in real-time, creating a more social and interactive gambling experience. This trend has gained traction in Romania, attracting both new and experienced gamblers.

Local special circumstances: Romania has a well-regulated online gambling market, with the government implementing strict licensing requirements and regulations to ensure consumer protection and prevent illegal gambling activities. This has instilled a sense of trust and confidence among customers, leading to increased participation in online gambling. Furthermore, the Romanian government has implemented a tax regime for online gambling operators, generating revenue for the country and supporting the development of the industry.

Underlying macroeconomic factors: The growth of the online gambling market in Romania can also be attributed to the country's improving economic conditions. As the economy continues to grow, disposable incomes are increasing, allowing more individuals to participate in online gambling activities. Additionally, Romania has a relatively young population, which is more open to adopting new technologies and engaging in online activities, including online gambling. In conclusion, the Online Gambling market in Romania is experiencing significant growth due to changing customer preferences, such as the convenience of online gambling and the availability of a wide range of games. The market is also influenced by trends such as mobile gambling and live dealer games. The local special circumstances, including a well-regulated market and a tax regime for operators, contribute to the growth of the industry. Finally, underlying macroeconomic factors, such as improving economic conditions and a young population, further support the development of the online gambling market in Romania.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on Gross Gambling Revenue (GGR) and represent what consumers pay for these products and services.

Modeling approach:

Market size is determined through a Top-Down approach. We use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global survey), as well as performance factors (e.g., user penetration, price per product, usage) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP, number of internet users, and internet consumption.

Forecasts:

We apply a variety of forecasting techniques, depending on the behavior of the relevant market. For instance, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP per capita, consumer spending per capita, and 4G coverage.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Data from the Statista Consumer Insights Global survey is reweighted for representativeness.