Online Casinos - Cameroon | Statista Market Forecast

Revenue in the Online Casinos market is projected to reach US$33.16m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 6.79%, resulting in a projected market volume of US$43.13m by 2028.
In the Online Casinos market, the number of users is expected to amount to 82.0k users by 2028.
User penetration will be 0.3% in 2024 and is expected to hit 0.3% by 2028.
The average revenue per user (ARPU) is expected to amount to US$446.70.
In global comparison, most revenue will be generated United States (US$7.64bn in 2024).
With a projected rate of 35.7%, 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 Cameroon has been experiencing significant growth in recent years, driven by changing customer preferences, emerging trends, and local special circumstances.

Customer preferences: Cameroonian customers have shown a growing interest in online casinos due to the convenience and accessibility they offer. With the increasing availability of smartphones and internet connectivity, more people are turning to online platforms for their entertainment needs. Online casinos provide a wide range of games and betting options, allowing customers to experience the thrill of gambling from the comfort of their homes. Additionally, the anonymity offered by online casinos appeals to customers who prefer to keep their gambling activities private.

Trends in the market: One of the key trends in the Online Casinos market in Cameroon is the adoption of mobile gambling. With the majority of the population owning smartphones, mobile gambling has become increasingly popular. Mobile apps and optimized websites provide a seamless and user-friendly experience, allowing customers to play their favorite casino games on the go. This trend is expected to continue as mobile technology continues to advance and internet connectivity improves. Another trend in the market is the emergence of live dealer games. Live dealer games provide a more interactive and immersive experience, as players can interact with real dealers through live video streams. This trend has gained popularity among Cameroonian customers who seek a more authentic casino experience. The advancements in streaming technology and the growing number of online casinos offering live dealer games have contributed to the growth of this trend.

Local special circumstances: Cameroon has a relatively young population, with a significant portion of the population below the age of 30. This demographic factor has contributed to the growth of the Online Casinos market, as younger generations are more inclined to engage in online gambling activities. Additionally, the lack of physical casinos in the country has created a demand for online gambling platforms, making it a viable option for those looking for a gambling experience.

Underlying macroeconomic factors: The growth of the Online Casinos market in Cameroon can also be attributed to the country's economic development and increasing disposable income. As the economy grows, more people have the financial means to engage in leisure activities such as gambling. The rising middle class in Cameroon has contributed to the demand for online casinos, as they seek entertainment options that were previously inaccessible. In conclusion, the Online Casinos market in Cameroon is experiencing growth due to changing customer preferences, emerging trends such as mobile gambling and live dealer games, local special circumstances including a young population and lack of physical casinos, and underlying macroeconomic factors such as economic development and increasing disposable income. As these factors continue to evolve, the market is expected to further expand 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. 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.

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.