Online Gambling - G7

Highlights

Revenue in the Online Gambling market is projected to reach US$60.17bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 6.73%, resulting in a projected market volume of US$78.06bn by 2028.
The Online Sports Betting market has a projected market volume of US$24.56bn 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$482.40 in 2024.
In the Online Gambling market, the number of users is expected to amount to 156.3m users by 2028.
User penetration in the Online Gambling market will be at 0.00 in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Online Gambling market in G7 countries has experienced significant growth in recent years, driven by changing customer preferences and favorable market conditions.

Customer preferences: Customers in G7 countries have increasingly turned to online gambling as a convenient and accessible form of entertainment. The rise of smartphones and high-speed internet connectivity has made it easier for people to participate in online gambling activities from the comfort of their own homes. Additionally, the availability of a wide variety of online gambling options, including casino games, sports betting, and poker, has catered to the diverse preferences of customers in these countries.

Trends in the market: One of the key trends in the online gambling market in G7 countries is the increasing popularity of mobile gambling. With the widespread adoption of smartphones, more and more customers are choosing to access online gambling platforms through mobile apps. This trend has been further accelerated by the development of user-friendly and secure mobile gambling platforms, which offer a seamless and immersive gaming experience. Additionally, the integration of mobile payment solutions has made it easier for customers to deposit and withdraw funds, further driving the growth of mobile gambling. Another trend in the market is the growing focus on responsible gambling practices. As the online gambling market continues to expand, there has been a greater emphasis on promoting responsible gambling behaviors and protecting vulnerable individuals. Many online gambling operators in G7 countries have implemented measures such as self-exclusion programs, age verification processes, and limits on betting amounts to ensure the well-being of their customers. This trend reflects the increasing awareness and social responsibility of online gambling operators in these countries.

Local special circumstances: Each G7 country has its own unique set of regulations and market dynamics that shape the online gambling industry. For example, in the United Kingdom, online gambling is well-regulated and licensed operators are required to adhere to strict standards of fairness and player protection. This has created a safe and trusted environment for customers, which has contributed to the growth of the online gambling market in the country. In contrast, countries like Japan and Germany have more restrictive regulations, which have limited the growth of the online gambling market to some extent.

Underlying macroeconomic factors: The strong economic growth and high disposable income levels in G7 countries have also played a role in the development of the online gambling market. As consumers have more discretionary income to spend on entertainment activities, online gambling has emerged as a popular choice. Additionally, the online gambling industry has created job opportunities and contributed to the overall economy of G7 countries. In conclusion, the online gambling market in G7 countries is experiencing growth due to changing customer preferences, including the increasing popularity of mobile gambling, and the focus on responsible gambling practices. Each country has its own unique regulations and market dynamics that shape the industry, and the strong macroeconomic conditions in G7 countries have also contributed to the growth of the online gambling 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.