Online Gambling

ASEAN

Highlights

Revenue in the Online Gambling market is projected to reach US$680.00m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.94%, resulting in a projected market volume of US$865.60m by 2029.
The Online Sports Betting market has a projected market volume of US$339.40m in 2024.
In global comparison, most revenue will be generated United States (US$24.98bn in 2024).
The average revenue per user (ARPU) in the Online Gambling market is projected to amount to US$157.10 in 2024.
In the Online Gambling market, the number of users is expected to amount to 5.9m users by 2029.
User penetration in the Online Gambling market will be at 3.6% in 2024.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Online Gambling market in ASEAN is experiencing significant growth and development, driven by changing customer preferences, emerging trends, and local special circumstances. Customer preferences in the ASEAN region are shifting towards online gambling due to its convenience, accessibility, and the wide variety of options available. With the increasing penetration of smartphones and the internet, more and more people are opting for online gambling platforms, which allow them to play anytime and anywhere. Additionally, the younger generation in ASEAN countries is more open to trying new forms of entertainment, including online gambling, which further fuels the market growth. Trends in the online gambling market in ASEAN are influenced by global and regional factors. One of the key trends is the rise of mobile gambling. Mobile devices have become the primary means of accessing the internet for many people in the region, and online gambling operators have recognized this trend by developing mobile-friendly platforms and apps. This allows users to gamble on the go, which has significantly contributed to the growth of the market. Another trend in the market is the increasing popularity of live dealer games. These games provide a more immersive and interactive experience for players, as they can interact with real dealers through video streaming. This trend has gained traction in ASEAN countries, where players seek a more realistic and social gambling experience. Local special circumstances also play a role in shaping the online gambling market in ASEAN. Each country in the region has its own regulations and policies regarding gambling, which can impact the market dynamics. Some countries have strict regulations and prohibit online gambling, while others have more lenient laws that allow for its operation. This creates a diverse landscape for online gambling operators, who must navigate different legal frameworks and adapt their strategies accordingly. Underlying macroeconomic factors also contribute to the development of the online gambling market in ASEAN. Economic growth and increasing disposable incomes in the region have led to a larger consumer base with more spending power. As a result, people are willing to allocate a portion of their income to entertainment activities, including online gambling. Additionally, the growth of the digital economy in ASEAN has created opportunities for online gambling operators to reach a larger audience and expand their market share. In conclusion, the online gambling market in ASEAN is growing and evolving due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The convenience of online gambling, the rise of mobile gambling, the popularity of live dealer games, and the diverse regulatory landscape in the region all contribute to the market's development. With the continued expansion of the digital economy and increasing consumer spending power, the online gambling market in ASEAN is expected to experience further growth in the coming years.

Data coverage:

The data encompasses B2C enterprises. Figures are based on Gross Gambling Revenue (GGR) and represent what consumers pay for these products and services.

Modeling approach:

Market size is determined through a Top-Down approach. We use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global survey), as well as performance factors (e.g., user penetration, price per product, usage) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP, number of internet users, and internet consumption.

Forecasts:

We apply a variety of forecasting techniques, depending on the behavior of the relevant market. For instance, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP per capita, consumer spending per capita, and 4G coverage.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Data from the Statista Consumer Insights Global survey is reweighted for representativeness.