Online Gambling

Revenue in the Online Gambling market is projected to reach US$47.22m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.36%, resulting in a projected market volume of US$50.52m by 2029.
The Online Sports Betting market has a projected market volume of US$47.13m 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$10.74 in 2024.
In the Online Gambling market, the number of users is expected to amount to 5.5m users by 2029.
User penetration in the Online Gambling market will be at 11.5% in 2024.

Definition:

The online gambling market includes various forms of online wagering activities, such as online sports betting, online casino games, and online lottery games. The regulations vary by country, with some countries allowing all forms of online gambling, while others restrict certain types (i.e., Australia's ban on online casinos and interactive games). However, in general, the market is dominated by a few large operators who offer a wide range of online gambling services to customers around the world.

Structure:

Online betting involves placing bets on various sports events, such as football, basketball, and horse racing, while online casino games include a range of traditional casino games, such as poker, blackjack, and roulette, that can be played over the internet. Online lottery games involve purchasing tickets for various lotteries, such as national and international lotteries, over the internet.

Additional Information

Data includes revenue figures in Gross Gambling Revenue (GGR), which is the total amount of bets placed by customers minus the amount paid out in winnings, Users, average revenue per user (ARPU), user penetration rate, and online and offline shares of the total gambling market. User and revenue figures represent B2C services.

Online casinos such as Tipico games
Online sports betting such as Bet365
Online poker rooms such as Pokerstars
Online lottery such as Lottoland

Offline gambling activities such as betshops or land-based casinos
Illegal gambling websites and activities
Online trading, investing, or other financial activities that involve a risk of loss

The Online Gambling market in Northern Africa is experiencing steady growth and development, driven by changing customer preferences, emerging trends, and local special circumstances. Customer preferences in the Online Gambling market in Northern Africa are shifting towards convenience and accessibility. With the increasing penetration of smartphones and the internet, more people are opting for online gambling platforms that allow them to play anytime and anywhere. Additionally, the younger generation is showing a greater interest in online gambling, as they are more tech-savvy and open to new forms of entertainment. Trends in the market indicate a rise in the popularity of mobile gambling apps and live dealer games. Mobile gambling apps provide a seamless and user-friendly experience, allowing players to access a wide range of games on their smartphones. Live dealer games, on the other hand, offer a more immersive and interactive experience, bridging the gap between land-based and online casinos. These trends are driving the growth of the Online Gambling market in Northern Africa, as they cater to the evolving preferences of the customers. Local special circumstances also play a significant role in the development of the Online Gambling market in Northern Africa. In some countries in the region, traditional gambling is heavily regulated or even prohibited. This creates a demand for online gambling platforms that provide an alternative for people who want to engage in gambling activities. Additionally, the lack of physical casinos in certain areas makes online gambling the only viable option for individuals interested in gambling. Underlying macroeconomic factors, such as economic growth and increasing disposable income, also contribute to the development of the Online Gambling market in Northern Africa. As the economy improves and people have more money to spend on leisure activities, the demand for online gambling services increases. Moreover, the COVID-19 pandemic has further accelerated the growth of the online gambling market, as people turned to online platforms for entertainment during lockdowns and restrictions. In conclusion, the Online Gambling market in Northern Africa is experiencing growth and development due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The shift towards convenience and accessibility, the rise of mobile gambling apps and live dealer games, the demand for alternatives to traditional gambling, and the impact of macroeconomic factors are all contributing to the expansion of the market in the region.

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.

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