Built to provide research that’s more actionable and strategically valuable, The Business Research Company’s 2026 market reports include market attractiveness analysis, total addressable market sizing, company benchmarking matrices, interactive Excel dashboards, broader supply chain intelligence, emerging startup tracking, and in-depth product insights.
Online Gambling Market Forecast: What Value Will The Market Reach By 2030?
The online gambling market has experienced substantial growth in recent years. It will grow from $130.2 billion in 2025 to $143.17 billion in 2026 at a compound annual growth rate (CAGR) of 10.0%. This historical expansion can be linked to various factors such as the wider availability of high-speed internet access, the legalization of online betting in multiple regions, increasing smartphone penetration, the development of digital payment infrastructure, and growing consumer acceptance of online wagering.
The online gambling market is projected to experience substantial expansion in the coming years, reaching a valuation of $212.44 billion in 2030, propelled by a compound annual growth rate (CAGR) of 10.4%. This anticipated growth is primarily driven by factors such as the proliferation of regulated online gambling markets, the increasing embrace of blockchain-based betting platforms, a heightened desire for immersive betting experiences, a stronger emphasis on responsible gambling technologies, and ongoing advancements in digital gaming interfaces. Key developments expected during this period include the widespread adoption of mobile-first gambling platforms, the growing integration of live dealer and real-time betting functionalities, the expanding utilization of secure digital payment methods, the development of more personalized gaming experiences, and an increased commitment to player data protection.
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Online Gambling Market Growth Factors Behind Sustained Expansion
The growing uptake of smartphones is anticipated to drive expansion in the online gambling market in the future. A smartphone is a portable electronic device combining mobile phone functions with advanced computing and internet access. The rising adoption of smartphones can be attributed to their lower costs and enhanced mobile technology, making them available to a broader demographic. This growing smartphone adoption is further bolstered by the online gambling market, where mobile-optimized gambling applications and platforms encourage users to acquire and consistently utilize these devices. For example, data from Self Catering, a travel and lifestyle analytics platform based in the UK, indicated that in 2024, the UK’s smartphone penetration rate stood at 89.77% in 2023, with projections showing an increase to 96.83% by 2028. Consequently, the expanding use of smartphones is fueling the development of the online gambling market.
Online Gambling Market Segmentation And Category Overview
The online gambling market covered in this report is segmented –
1) By Game Type: Betting, Casino, Lottery, Poker, Bingo
2) By Device: Desktop, Mobile, Other Devices
3) By Component: Software, Services
Subsegments:
1) By Betting: Sports Betting, E-Sports Betting, In-Play Betting
2) By Casino: Slot Games, Table Games, Live Dealer Games
3) By Lottery: Online Lottery Tickets, Instant Win Games, Scratch Cards
4) By Poker: Texas Hold’em, Omaha, Tournament Poker
5) By Bingo: 75-Ball Bingo, 90-Ball Bingo, Specialty Bingo Games
Online Gambling Market Industry Trends Fueling Future Revenue Growth
Leading entities within the online gambling sector are concentrating on deploying cutting-edge solutions, including online casinos, with the aim of elevating the user experience, drawing in fresh clientele, and sustaining a competitive advantage. An online casino represents a digital medium through which participants can engage in diverse casino games, like poker and slots, via the internet. As an illustration, during May 2024, MyPrize, a US-headquartered developer specializing in online crypto casino gaming platforms, unveiled an advanced online casino incorporating live streaming and multiplayer functionality, enabling users to interact with peers and streamers instantly using its distinct Bet Together technology. This particular platform provides a selection of well-known casino games, empowering users to observe and engage with streamers simultaneously while placing wagers collectively, thereby cultivating a shared gaming environment. Furthermore, MyPrize facilitates cryptocurrency transactions, thereby serving as an entry point into the Web3 ecosystem.
Online Gambling Market Competitive Overview And Top Companies
Major companies operating in the online gambling market are Flutter Entertainment plc, bet365 Group Ltd., Entain plc, Kindred Group plc, William Hill PLC, 888 Holdings PLC, International Game Technology PLC, Betsson AB, DraftKings Inc., Betfred, Sports Toto Malaysia, Ruby Fortune, Jackpot City, SPIN Casino, 32Red, Royal Vegas, Europa Casino, 1xBet, Evolution Gaming, NetEnt, Microgaming, Play’n GO, Bodog88, 188bet, Ladbrokes Coral, Sky Betting & Gaming, Pari Mutuel Urbain, CODERE, Bede Gaming, Betfair, Buzz Bingo, Superbet, GVC Holdings PLC, 22Bet, Betway, Scientific Games, LeoVegas, Casino.com, SlotsMillion, Camelot UK Lotteries Ltd., BetKing, Betcoza, MelBet
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Online Gambling Market Top Region: Where Does Most Revenue Come From?
Asia-Pacific was the largest region in the online gambling market in 2025. Eastern Europe is expected to be the fastest-growing region in the global online gambling market report forecast period. The regions covered in the online gambling market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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