Online Gambling - CIS | Statista Market Forecast

Revenue in the Online Gambling market is projected to reach US$74.00m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 5.27%, resulting in a projected market volume of US$90.87m by 2028.
The Online Lottery market has a projected market volume of US$26.87m in 2024.
In global comparison, most revenue will be generated United States (US$23.03bn in 2024).
The average revenue per user (ARPU) in the Online Gambling market is projected to amount to US$731.40 in 2024.
In the Online Gambling market, the number of users is expected to amount to 120.5k users by 2028.
User penetration in the Online Gambling market will be at 0.00 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 CIS has been experiencing significant growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this development. Customer preferences in the CIS region have played a crucial role in the growth of the Online Gambling market. The convenience and accessibility of online gambling platforms have attracted a large number of customers. Additionally, the availability of a wide range of games and betting options has catered to the diverse preferences of customers in the region. The increasing popularity of mobile gambling has also contributed to the growth of the market, as customers can now access their favorite games anytime and anywhere. Trends in the market have also played a significant role in the development of the Online Gambling market in CIS. One notable trend is the increasing use of cryptocurrency as a payment method in online gambling. This trend has been driven by the growing acceptance and adoption of cryptocurrencies in the region. Furthermore, the integration of advanced technologies such as virtual reality and augmented reality into online gambling platforms has enhanced the overall gaming experience for customers, attracting more players to the market. Local special circumstances have also influenced the growth of the Online Gambling market in CIS. The regulatory environment in the region has become more favorable towards online gambling, allowing operators to expand their services and attract more customers. Additionally, the increasing disposable income of the population in CIS countries has led to a higher spending capacity on leisure activities, including online gambling. Underlying macroeconomic factors have also played a significant role in the development of the Online Gambling market in CIS. The overall economic growth in the region has resulted in an increase in the disposable income of the population, allowing more people to participate in online gambling. Furthermore, the increasing internet penetration and smartphone adoption rates in CIS countries have provided a solid foundation for the growth of the online gambling market. In conclusion, the Online Gambling market in CIS has experienced significant growth due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The convenience and accessibility of online gambling platforms, the use of cryptocurrency as a payment method, the integration of advanced technologies, favorable regulatory environment, increasing disposable income, and the growth of internet penetration and smartphone adoption rates have all contributed to the development 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. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.

Modeling approach / Market size:

Market sizes are determined through a bottom-up approach, building on predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies, and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, the urban population, the usage of key players, and attitudes toward online services.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.

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