Online Casinos - Malta | Statista Market Forecast

Revenue in the Online Casinos market is projected to reach US$57.41m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.53%, resulting in a projected market volume of US$78.76m by 2029.
In the Online Casinos market, the number of users is expected to amount to 12.0k users by 2029.
User penetration will be 2.2% in 2024 and is expected to hit 2.2% by 2029.
The average revenue per user (ARPU) is expected to amount to US$4.87k.
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.

Malta has become one of the leading hubs for the online casinos market in Europe, attracting both local and international players. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to the development and growth of this industry in Malta.

Customer preferences: One of the key factors driving the growth of the online casinos market in Malta is the increasing preference for convenience and accessibility. With the advancement of technology and the widespread use of smartphones and tablets, customers are now able to access their favorite casino games anytime and anywhere. This has led to a rise in the number of online casinos platforms and mobile applications, catering to the evolving needs and preferences of the customers.

Trends in the market: A significant trend in the online casinos market in Malta is the increasing focus on gamification. Online casinos are now incorporating elements of video gaming into their platforms, offering players a more immersive and interactive experience. This trend has been driven by the desire to attract and retain a younger demographic of players who are looking for more engaging and entertaining gambling experiences. Another trend in the market is the growing popularity of live dealer games. These games allow players to interact with real-life dealers through a live video stream, providing a more authentic and realistic casino experience. The demand for live dealer games has been fueled by the desire for a social aspect in online gambling and the trust that comes with seeing a real person dealing the cards or spinning the roulette wheel.

Local special circumstances: Malta has established itself as a favorable destination for online casinos due to its regulatory framework and favorable tax regime. The country has implemented strict regulations to ensure the integrity and fairness of online gambling, providing a secure and trustworthy environment for both operators and players. Additionally, Malta offers a competitive tax rate for online casinos, attracting international operators to set up their operations in the country. Furthermore, Malta's strategic location in the Mediterranean region has made it an attractive destination for international players. The country's well-developed infrastructure, including high-speed internet connectivity, has facilitated the growth of the online casinos market by providing a seamless and reliable gaming experience.

Underlying macroeconomic factors: The growth of the online casinos market in Malta is also influenced by underlying macroeconomic factors. The country has a stable economy with a high standard of living, which has resulted in a higher disposable income for individuals. This, coupled with the increasing popularity of online gambling, has led to a higher demand for online casinos services. Additionally, Malta's tourism industry plays a significant role in the development of the online casinos market. The country attracts a large number of tourists, many of whom are interested in gambling. Online casinos provide an alternative to traditional brick-and-mortar casinos, allowing tourists to enjoy their favorite casino games without having to visit a physical location. In conclusion, the online casinos market in Malta has experienced significant growth due to customer preferences for convenience and accessibility, trends such as gamification and live dealer games, local special circumstances including favorable regulations and tax regime, and underlying macroeconomic factors such as a stable economy and a thriving tourism industry. These factors have contributed to the development and success of the online casinos market in Malta, making it a leading hub in Europe.

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.