Online Casinos - New Zealand | Statista Market Forecast

Revenue in the Online Casinos market is projected to reach US$642.50m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.98%, resulting in a projected market volume of US$859.00m by 2029.
In the Online Casinos market, the number of users is expected to amount to 255.1k users by 2029.
User penetration will be 4.4% in 2024 and is expected to hit 4.7% by 2029.
The average revenue per user (ARPU) is expected to amount to US$2.75k.
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 New Zealand is experiencing significant growth and development due to changing customer preferences, emerging trends, and local special circumstances. Customer preferences in New Zealand are shifting towards online gambling and entertainment, which has led to the growth of the Online Casinos market. With the convenience and accessibility of online platforms, more and more customers are opting to gamble online instead of visiting traditional brick-and-mortar casinos. This preference for online gambling is driven by factors such as the ability to play from the comfort of one's own home, the availability of a wide range of games and betting options, and the opportunity to take advantage of attractive bonuses and promotions offered by online casinos. Trends in the market are also contributing to the growth of the Online Casinos market in New Zealand. One notable trend is the increasing popularity of mobile gambling. With the widespread use of smartphones and mobile devices, customers are now able to access online casino platforms anytime and anywhere. This has led to a surge in mobile gambling apps and websites, catering to the growing demand for on-the-go gambling experiences. Additionally, the integration of virtual reality (VR) technology in online casinos is another emerging trend that is attracting customers. VR technology allows players to immerse themselves in a realistic casino environment, enhancing their overall gaming experience. Local special circumstances in New Zealand are also playing a role in the development of the Online Casinos market. The country has a relatively small population compared to other markets, which has led online casino operators to specifically target the New Zealand market. This has resulted in the availability of localized online casino platforms that cater to the preferences and needs of New Zealand customers. These platforms often offer localized payment options, customer support in local languages, and games that are popular among New Zealand players. Underlying macroeconomic factors are also contributing to the growth of the Online Casinos market in New Zealand. The country has a stable and growing economy, which has led to an increase in disposable income among the population. As a result, more individuals have the financial means to engage in online gambling activities. Furthermore, the government of New Zealand has implemented regulations and licensing requirements for online casinos, ensuring a safe and secure gambling environment for customers. This has increased consumer confidence and trust in online casinos, leading to a higher participation rate in the market. In conclusion, the Online Casinos market in New Zealand is experiencing growth and development due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The shift towards online gambling, the popularity of mobile gambling and VR technology, the availability of localized platforms, and the stable economy of New Zealand are all contributing to the expansion of the market. As these factors continue to evolve, the Online Casinos market in New Zealand is expected to further thrive 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.

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.