Online Gambling And Betting Market

By Type;

Poker, Lottery, Bingo, Sports Betting, Fantasy Sports and Others

By Product Type;

Desktop, Mobile and Tab

By Component;

Hardware, Software and Service

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn336678774 Published Date: October, 2025 Updated Date: November, 2025

Online Gambling & Betting Market Overview

Online Gambling & Betting Market (USD Million)

Online Gambling & Betting Market was valued at USD 76,868.88 million in the year 2024. The size of this market is expected to increase to USD 149,795.70 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 10.0%.


Online Gambling And Betting Market

*Market size in USD million

CAGR 10.0 %


Study Period2025 - 2031
Base Year2024
CAGR (%)10.0 %
Market Size (2024)USD 76,868.88 Million
Market Size (2031)USD 149,795.70 Million
Market ConcentrationMedium
Report Pages375
76,868.88
2024
149,795.70
2031

Major Players

  • 888 Holdings plc.
  • The Stars Group
  • Paddy Power Betfair plc
  • Fortuna Entertainment Group
  • GVC Holdings Plc
  • Bet365 Group Ltd
  • Betfred Ltd
  • The Betway Group
  • Kindred Group
  • William Hill plc
  • BETSSON AB
  • Mybet Holding
  • Rank Group
  • Hong Kong Jockey Club
  • Playtech.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Online Gambling And Betting Market

Fragmented - Highly competitive market without dominant players



The Online Gambling & Betting Market is experiencing strong momentum as more players transition to digital gaming platforms. Nearly 60% of participants now prefer online casinos and betting sites, supported by secure payments and mobile-friendly experiences. This shift is redefining entertainment trends and broadening audience engagement across different age groups.

Technological Advancements Driving Growth
Advanced technologies like AI, blockchain, and live-streaming are reshaping the gambling landscape. Around 45% of operators already use AI personalization, while blockchain adoption ensures safety and fairness in transactions. These innovations are improving trust, user interaction, and convenience, making digital gambling increasingly attractive.

Increasing Popularity of Online Betting
Online sports betting remains a major growth driver, with approximately 55% of users actively engaging in sports wagers. Interactive features, real-time analytics, and gamified platforms enhance the excitement of betting. Moreover, promotional bonuses and loyalty schemes continue to influence 40% of recurring users, strengthening platform retention.

Rising Shift Toward Mobile Platforms
Mobile applications dominate the market, accounting for about 65% of online gambling activity. The flexibility of accessing games on-the-go, combined with seamless app designs and instant payments, enhances overall user satisfaction. Digital wallets and simplified transaction methods are further boosting the preference for mobile betting.

Future Market Outlook
Backed by rapid technology adoption and a growing digital user base, the online gambling and betting market shows strong potential for continued expansion. Over 50% of new entertainment investors are directing resources toward online gambling platforms. With evolving innovations and improved security frameworks, the industry is set for steady and long-term growth.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Product Type
    3. Market Snapshot, By Component
    4. Market Snapshot, By Region
  4. Online Gambling And Betting Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Digital Accessibility
        2. Regulatory Shifts
        3. Technological Advancements
      2. Restraints
        1. Legal Restrictions
        2. Social Stigma
        3. Security Concerns
      3. Opportunities
        1. Market Expansion
        2. Innovation in Gaming Platforms
        3. Emerging Markets
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Compititive Rivalry
  5. Market Segmentation
    1. Online Gambling And Betting Market, By Type, 2021 - 2031 (USD Million)
      1. Poker
      2. Lottery
      3. Bingo
      4. Sports Betting
      5. Fantasy Sports
      6. Others
    2. Online Gambling And Betting Market, By Product Type, 2021 - 2031 (USD Million)
      1. Desktop
      2. Mobile
      3. Tab
    3. Online Gambling And Betting Market, By Component, 2021 - 2031 (USD Million)
      1. Hardware
      2. Software
      3. Service
    4. Online Gambling And Betting Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Flutter Entertainment
      2. Bet365
      3. Entain
      4. DraftKings
      5. Caesars Entertainment
      6. MGM Resorts International
      7. 888 Holdings (Evoke plc)
      8. Kindred Group
      9. Betsson
      10. William Hill
      11. Penn Entertainment
      12. Bally’s Corporation
      13. Churchill Downs
      14. Unibet
      15. Betway
  7. Analyst Views
  8. Future Outlook of the Market