Market value of online gambling worldwide 2019-2023
The global online gambling market is anticipated to be valued at more than 92.9 billion U.S. dollars in 2023. The current size of the market is almost 59 billion U.S. dollars, meaning the size is forecast to double in the upcoming years.
The growth of online gambling
Online gambling consists of playing casino games, poker and/or sports betting via the internet. Due to factors such as the advancement of technology available (for example smartphones and apps), higher trust of gamblers paying online, and the increasing digitization of the world, the online gambling market is seeing growth in many regions. After sports betting was legalized in the United States by the Supreme Court in 2018, online gambling companies are now able to grow their sport betting sectors, thereby further supporting the market’s growth. Some of the companies that look to benefit from this include the likes of Paddy Power Betfair, the largest global online gambling company, Ladbrokes Coral Group, William Hill and 888 Holdings.
The growth of online gambling
Online gambling consists of playing casino games, poker and/or sports betting via the internet. Due to factors such as the advancement of technology available (for example smartphones and apps), higher trust of gamblers paying online, and the increasing digitization of the world, the online gambling market is seeing growth in many regions. After sports betting was legalized in the United States by the Supreme Court in 2018, online gambling companies are now able to grow their sport betting sectors, thereby further supporting the market’s growth. Some of the companies that look to benefit from this include the likes of Paddy Power Betfair, the largest global online gambling company, Ladbrokes Coral Group, William Hill and 888 Holdings.
