Projected surge in online gambling: Anticipated growth of $181 billion by 2028

Casinos just got a digital makeover! The global online gambling market is surging, with an impressive forecasted growth of $181.47 billion from 2024 to 2028. This monumental expansion is attributed to the evolving digital technologies embraced by the gambling scene.

Here's the Scoop

Online Casinos, Anyone? The convenience and accessibility offered by online platforms make gambling more enticing than ever, anytime, anywhere.
Diversity is the Spice of Life: Operators cater to contrasting tastes with a slew of diverse games and betting options.
Time for an Upgrade: The internet, smartphones, and advanced payment methods are turning the industry on its head, leading to a digital revolution.
Opening Opportunities: Relaxed gambling laws, especially in regions like the US, provide new horizons for operators.
Digital Marketing Magic: Companies are leveraging social media and mobile apps to engage customers and boost acquisition efforts.

Trends to Watch

Sports Betting Mania: The online sports betting segment is likely to witness a CAGR of 11.65% from 2025 to 2030, reaching a staggering USD 93.31 billion by 2030.
Shifting to Online Lottery: The online lottery market is growing steadily, with companies focusing on mobile apps and improved user interfaces to attract a younger demographic.
Personalization Pays Off: Operators are investing in personalized payouts, seamless user interfaces, and multi-platform accessibility to enhance loyalty.
Security Matters: Cybersecurity concerns are prompting companies to invest in advanced measures, ensuring customers' funds and personal information are protected.
Consolidation is Key: Mergers and acquisitions are increasing as industry giants look to expand their market share and boost margins.

Regions to Keep an Eye On

North America: The US continues to dominate the market, with sports betting legalized in most states. Relaxed regulations are anticipated to further boost the market.
Europe: Europe is a big revenue generator, particularly in online sports betting, with strong demand for football betting and a highly competitive landscape.
Asia-Pacific: The market is experiencing rapid growth due to increased smartphone penetration and internet access. Despite strict regulations in some countries, it remains a lucrative market.
Latin America and Africa: These regions are emerging as hotspots, with improving internet infrastructure and rising mobile gambling adoption.

Final numbers

Total Gambling Market Revenue: USD 449.69 billion in 2025, with a CAGR of 3.21% expected through 2029.
Sports Betting Segment: Projected to reach USD 77.21 billion in 2025, growing at a CAGR of 5.30% from 2025–2029.
Online Sports Betting: Expected to witness a CAGR of 11.65% towards 2030.
Online Lottery: Projected to see a CAGR of 0.42% from 2024-2028.
By 2028, the growth of the online gambling market is expected to reach $181.47 billion, an expansion fueled by the continued embrace and advancement of digital technologies.
Online gambling's convenient, ubiquitous accessibility, coupled with diverse gaming and betting options, ensures its allure will only grow stronger in the coming years.
In 2030, the online sports betting segment is forecasted to soar to a mind-boggling USD 93.31 billion, demonstrating a robust CAGR of 11.65% from 2025 to 2030.