Online Casinos - G7 | Statista Market Forecast

Revenue in the Online Casinos market is projected to reach US$23.84bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 5.19%, resulting in a projected market volume of US$29.19bn by 2028.
In the Online Casinos market, the number of users is expected to amount to 95.6m users by 2028.
User penetration will be 0.00 in 2024 and is expected to hit 0.00 by 2028.
The average revenue per user (ARPU) is expected to amount to US$318.10.
In global comparison, most revenue will be generated United States (US$7.64bn in 2024).
With a projected rate of 0.0, the user penetration in the Online Casinos market is highest 0.0.

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 G7 is experiencing significant growth and development, driven by changing customer preferences and favorable macroeconomic factors.

Customer preferences: Customers in the G7 countries are increasingly turning to online casinos for their gambling needs. This can be attributed to several factors. Firstly, online casinos offer convenience and accessibility. Players can enjoy their favorite casino games from the comfort of their own homes, without the need to travel to a physical casino. Additionally, online casinos provide a wide variety of games, including popular options such as slots, poker, and roulette. This allows customers to find a game that suits their preferences and provides an enjoyable gaming experience. Furthermore, online casinos often offer attractive bonuses and promotions, which can attract new customers and encourage existing players to continue using their services.

Trends in the market: The Online Casinos market in G7 is characterized by several key trends. Firstly, there is a growing emphasis on mobile gaming. With the increasing popularity of smartphones and tablets, players are increasingly accessing online casinos through their mobile devices. This trend is driven by the convenience and flexibility of mobile gaming, allowing players to enjoy their favorite games on the go. Secondly, there is a shift towards live dealer games. These games provide a more immersive and interactive experience, with players able to interact with real-life dealers and other players in real-time. This trend is driven by the desire for a more authentic casino experience, even when playing online. Finally, there is a growing focus on responsible gambling. Online casinos are implementing measures to promote responsible gambling and protect vulnerable players. This includes tools such as self-exclusion programs, deposit limits, and age verification checks. This trend is driven by increasing awareness of the potential risks associated with gambling and a desire to ensure a safe and enjoyable gaming environment for all players.

Local special circumstances: Each G7 country has its own unique set of circumstances that influence the development of the Online Casinos market. For example, in the United States, the market is heavily regulated, with online gambling only legal in certain states. This creates a fragmented market, with different regulations and licensing requirements in each state. In contrast, in the United Kingdom, online gambling is well-established and regulated by the Gambling Commission. This provides a stable and predictable regulatory environment for online casinos. In Japan, online gambling is currently illegal, although there are plans to legalize casinos in the country. This presents both challenges and opportunities for online casinos looking to enter the Japanese market.

Underlying macroeconomic factors: The growth of the Online Casinos market in G7 is also influenced by underlying macroeconomic factors. Firstly, there is a growing disposable income in many G7 countries, which allows consumers to spend more on leisure activities such as gambling. Additionally, the increasing penetration of the internet and advancements in technology have made online gambling more accessible to a wider audience. This has contributed to the growth of the market. Furthermore, the COVID-19 pandemic has had a significant impact on the Online Casinos market. With physical casinos temporarily closed or operating at limited capacity, many players have turned to online casinos as an alternative. This has accelerated the growth of the market and is expected to have a lasting impact even after the pandemic subsides.

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.