Online Casinos - CIS | Statista Market Forecast

Revenue in the Online Casinos market is projected to reach US$21.71m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.79%, resulting in a projected market volume of US$27.43m by 2029.
In the Online Casinos market, the number of users is expected to amount to 51.6k users by 2029.
User penetration will be 0.5% in 2024 and is expected to hit 0.5% by 2029.
The average revenue per user (ARPU) is expected to amount to US$452.80.
In global comparison, most revenue will be generated United Kingdom (US$6.47bn in 2024).
With a projected rate of 35.6%, the user penetration in the Online Casinos market is highest Canada.

Definition:

The online casinos market refers to the segment of the online gambling industry that offers a range of traditional casino games, such as blackjack, roulette, baccarat, and slot machines, that can be played over the internet. Online casinos provide customers with the opportunity to play these games from the comfort of their own homes or on the go through various devices, including computers, tablets, and smartphones.

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 a breakdown of the product shares of the total online casino market. User and revenue figures represent B2C services.

Online slot machines such as Starburst, Mega Moolah, and Gonzo's Quest
Online card games such as poker, blackjack, baccarat, and their variants
Online roulette games such as European, American, and French roulette

Offline or land-based casino establishments such as casinos and gaming halls
Skill-based games such as chess, backgammon, and Go
Betting on non-casino games such as sports, politics, and entertainment.

The Online Casinos market in CIS is experiencing significant growth and development in recent years.

Customer preferences: Customers in the CIS region have shown a strong preference for online casinos due to their convenience and accessibility. The availability of a wide range of games and the ability to play from the comfort of their own homes have attracted a large number of players. Additionally, the increasing use of mobile devices has made it even easier for customers to access online casinos on the go.

Trends in the market: One of the key trends in the Online Casinos market in CIS 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 and other players in real-time. This trend has been driven by advancements in technology and the increasing demand for a more authentic casino experience. Another trend in the market is the growing adoption of cryptocurrency as a payment method in online casinos. Cryptocurrencies offer a secure and anonymous way for players to make transactions, and they also provide faster processing times compared to traditional payment methods. This trend has been fueled by the increasing acceptance and use of cryptocurrencies in the CIS region.

Local special circumstances: The CIS region has a diverse range of countries with different regulations and legal frameworks for online gambling. Some countries have strict regulations and licensing requirements, while others have more relaxed rules. This has created a fragmented market with varying levels of competition and opportunities for online casinos. Furthermore, the cultural diversity in the CIS region has also influenced the development of the online casinos market. Different countries have different preferences for games and themes, and online casinos have had to adapt their offerings to cater to these preferences. For example, some countries may have a preference for traditional card games, while others may prefer slot machines or sports betting.

Underlying macroeconomic factors: The growth of the Online Casinos market in CIS can also be attributed to underlying macroeconomic factors. The increasing internet penetration and smartphone adoption rates in the region have provided a larger customer base for online casinos. Additionally, the rising disposable incomes and changing lifestyles have contributed to the growing demand for online entertainment options, including online casinos. In conclusion, the Online Casinos market in CIS is experiencing significant growth and development due to customer preferences for convenience and accessibility, as well as the adoption of new technologies and payment methods. The local special circumstances, such as varying regulations and cultural preferences, have also influenced the market trends. Furthermore, underlying macroeconomic factors, such as internet penetration and disposable incomes, have contributed to the growth of the market.

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.

This report presents a comprehensive analysis and additional information on the Advertising & Media market, in a PDF format.

As an industry seemingly built on chance, the odds of the global casino sector growing in the coming years appear a safe bet. Thanks to the ongoing legalization of gambling-related activities in many parts of the world, licensed casinos have expanded to new markets and generated record-breaking revenue figures. While the market size of the casino and online gambling industry suffered heavily during the coronavirus (COVID-19) pandemic, falling by nearly 100 billion U.S. dollars in 2020, the recovery has been steady. As of 2024, the industry’s market size totaled over billion U.S. dollars. At the center of this growth has been leading casino companies such as MGM Resorts, which alone generated 16.16 billion U.S. dollars in revenue in 2023. Online enterprises specializing in sports betting have also carved out significant chunks of the market share, with Fanduel and DraftKings both ranking as two of the most valuable gambling brands globally in 2024.