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While the coronavirus (COVID-19) pandemic hit gambling industry hard, it has since rebounded back to pre-pandemic levels. While brick-and-mortar gambling establishments look to be declining, the online gambling industry looks set to grow. This is due to the ongoing digitalization of the industry and laws changing to legalize online gambling across the globe. Expanding the industry’s online presence makes it easier for players to gamble from anywhere, at any time, increasing the convenience and accessibility of gambling. The legalization of sports betting in the United States is also seen as a major step toward worldwide growth. In addition, trends such as mobile casino games, cryptocurrency gambling, and virtual reality (VR) casinos are looking to shape the future of the gambling industry.
Market size of the casino and online gambling industry worldwide from 2012 to 2023 (in billion U.S. dollars)
Further details: Visit original statistic Market size of the casino and online gambling industry worldwide from 2012 to 2023 (in billion U.S. dollars)
The market size of the casino and online gambling industry has remained stable over the past years. The largest drop in market size was seen during the coronavirus pandemic which caused global disruption to the gambling market and to casinos in particular. While casinos struggled, the online gambling market fared much better during the crisis. The growth of online gambling was already on the horizon but, given its resilience during the pandemic, is predicted to grow even further in the future.
Key industry data on the casino and online gambling industryLeading selected casino companies worldwide in 2023, by revenue (in billion U.S. dollars)
Further details: Visit original statistic Leading selected casino companies worldwide in 2023, by revenue (in billion U.S. dollars)
When it comes to brick-and-mortar gambling establishments, casinos are likely the most well-known type. However, gaming machine outlets, which can include bookmakers or even drinking establishments, are known to be the brick-and-mortar type with the most units worldwide. That being said, these days, many gamblers have taken their activities online. With segments like sports betting, poker, and even bingo being available to consumers from the comfort of their homes.
Sports bettingTotal sports betting revenue in the United States from 2018 to 2023 (in billion U.S. dollars)
Further details: Visit original statistic Total sports betting revenue in the United States from 2018 to 2023 (in billion U.S. dollars)
Some of the larger trends that are dominating the global gambling industry are online gambling and mobile casino games. While these are undoubtedly important, there are also comparatively smaller trends that are also causing waves. One of these is the legalization of sports betting in the United States. Given the scope of the U.S. professional sports industry and the potential for a large new consumer-base, this looks to be a lucrative market in the future.
Global online gambling market sizeLeading gambling companies worldwide in 2024, by brand value (in billion U.S. dollars)
Further details: Visit original statistic Leading gambling companies worldwide in 2024, by brand value (in billion U.S. dollars)
While the online market is growing at a speedy pace, the more traditional casino companies remain the leaders of the gambling industry. When it comes to brand value, casino and hotel company Wynn Resorts came first on the list, but digital-only companies like Bet365 also made the ranking. With the increasing digitalization of all industries, it would come as no surprise to see more of these digital companies dominating the industry in years to come.
Leading casino companies worldwide, by revenueIn its broadest definition, the gambling industry allows consumers to wager money or something of value on an event with an uncertain outcome, with the main intent being to win money or material goods. Some sectors included in this industry are casinos, lotteries, online gambling, sports betting, and more. There are also other industries working in conjunction with the gambling industry, for example, hotels, and food and drink services. These individual sectors are all subject to different trends - one example that is relevant to them all is the rise of digitization and the online market. Trend topics can also be more specific, mobile gaming in the online gambling industry being one. The legalization of gambling in different areas is also subject to change and can cause growth in the market overnight.
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Mon - Fri, 10:00am - 6:00pm (JST)
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Mon - Fri, 9am - 6pm (EST)