Online Gambling Market Growth Industry Analysis, Size & Forecast Report

Leading casino operators such as Las Vegas Sands, MGM Resorts, and Wynn Resorts focus on integrated resort (IR) models, which combine Casino with luxury hotels, entertainment complexes, shopping malls, and convention centers. This strategy helps attract a diverse customer base, including tourists, business travelers, and casual gamers. According to the Las Vegas Sands 2023 Annual Report, its Marina Bay Sands in Singapore and The Venetian in Macau contributed over 75% of its total gaming revenue, demonstrating the success of the IR approach. The $8.5 billion Osaka integrated casino project, led by MGM Resorts, is expected to further boost this casino with no account model.

To attract more customers and enhance service quality, gambling companies are considering whether to adopt the latest gambling techniques such as skill-based casino offerings. Skill-based games are the games in which the skill of the player, rather than chance, is the dominant factor in affecting the outcome of the games. Online gambling regulations cover a gamut of areas and therefore, kindle a whole new dimension to the operations of the markets. The impact of regulatory changes, regardless of if they are through legalization or prohibition or if it is imposing stricter enforcement, can indirectly affect market growth among operators and consumers’ confidence.

Growth of Online and Mobile Gambling

• The global online gambling market is projected to grow at a CAGR of 10.5% through 2035, driven by increased digital penetration, evolving regulations, and rising interest in interactive betting platforms.
• Governments in regions like Macau and Singapore actively champion gambling, recognizing it as a vital tax revenue source.
• The gaming market faces significant environmental challenges due to the growing issue of electronic waste (e-waste) generated by outdated hardware, including consoles, gaming PCs, and peripherals.
• The convenience of online platforms, coupled with changing lifestyles, supports the steady growth of the online gambling market across the region.

Secondly, cultural acceptance and further legalization of online gambling in most states have driven this market forward. The association pointed out that U.S. commercial gaming revenues amounted to approximately USD 52.99 Billion in 2021, with nearly a 77% rise from that of 2020. Such growth would demonstrate that gambling is rather deep into American culture and continues growing, with the support of a further boost of technological advance.

What will be the size of online gambling market in 2035?

One of the primary drivers of the online gambling market is the widespread use of mobile devices and easy access to digital platforms. With smartphones offering seamless connectivity and convenience, users can participate in gambling activities from virtually any location. This ease of entry supports frequent engagement, especially for sports betting and live casino games. Operators are optimizing platforms for intuitive mobile interfaces, faster gameplay, and secure transactions, helping to build user retention.

Companies Mentioned (Partial List)

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change. The market is classified into gambling machines, gaming tables, and online legal casino gaming services based on type. The gambling machines segment will lead the casinos market share throughout the forecast period. Commercial gambling has been greatly impacted by the COVID-19 lockdown response in many jurisdictions around the world.

According to the National Council on Problem Gambling (NCPG), around 26% of the global adult population participates in some form of gambling annually, with some regions exhibiting even higher engagement rates. The growth in the forecast period can be attributed to legalization of gambling, rapid urbanization, increasing use of social media and rising population. With the rise of online and mobile gambling, major players are investing heavily in digital gaming platforms. MGM Resorts, through its BetMGM platform, captured 27% of the U.S. online casino market in 2023, as per the American Gaming Association (AGA). Similarly, Wynn Resorts has expanded its online casino and sports betting operations in the U.S. and Europe, targeting digital-savvy gamblers.

According to the company, the live casino studio offers a modern B2B live casino solution to multiple operators seeking to provide an enhanced live casino gaming experience to online players on smartphones, desktops, and tablets. The global online gambling market size was valued at USD 95.5 billion in 2024 and is estimated to grow at CAGR of 10.5% to reach USD 257 billion by 2034. The major reasons attributed to the growth of the market are the growing penetration of smartphone devices globally and rising internet connectivity. It also holds over 45% share of the Digital Betting and Wagering Market, benefiting from rapid tech adoption, live streaming integrations, and real-time analytics. The Fintech sector, specifically digital payments, also influences this market online gambling accounts for nearly 8% of global eWallet transaction volume in the leisure sector. The market is closely tied to the Mobile Applications Market, where gambling apps represent approximately 6% of total consumer spending.