Online Casinos - Hong Kong | Statista Market Forecast

Revenue in the Online Casinos market is projected to reach 0.00 in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-0) of 0.0, resulting in a projected market volume of 0.00 by 0.
In the Online Casinos market, the number of users is expected to amount to 0.0users by 0.
User penetration will be 3.7% in 2024 and is expected to hit 0.0% by 0.
The average revenue per user (ARPU) is expected to amount to 0.00.
In global comparison, most revenue will be generated 0.0 (0.0 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 Hong Kong has been experiencing significant growth in recent years.

Customer preferences: One of the main reasons for the growth of the Online Casinos market in Hong Kong is the increasing popularity of online gambling among the local population. Hong Kong has a large population of tech-savvy individuals who are comfortable with using digital platforms for various activities, including entertainment. Online casinos provide convenience and accessibility, allowing people to enjoy their favorite casino games from the comfort of their own homes. Additionally, online casinos offer a wide range of games and betting options, catering to the diverse preferences of the Hong Kong market.

Trends in the market: One trend that has been observed in the Online Casinos market in Hong Kong is the rise of mobile gambling. With the increasing penetration of smartphones and the availability of high-speed internet connections, more and more people are opting to play casino games on their mobile devices. This trend is driven by the convenience and portability offered by mobile gambling apps, allowing players to enjoy their favorite games anytime and anywhere. Another trend in the market is the growing popularity of live dealer games. Live dealer games provide a more immersive and interactive experience for players, as they can interact with real dealers and other players in real-time. This trend is particularly appealing to Hong Kong players who enjoy the social aspect of gambling and want to replicate the experience of playing in a physical casino.

Local special circumstances: One of the unique aspects of the Online Casinos market in Hong Kong is the strict gambling regulations in the region. The Hong Kong government has implemented stringent laws to regulate and control gambling activities, both online and offline. While land-based casinos are illegal in Hong Kong, online gambling is also heavily regulated. Only a limited number of licensed operators are allowed to offer online gambling services to Hong Kong residents. This creates a more controlled and regulated environment for online gambling, ensuring the safety and security of players.

Underlying macroeconomic factors: The growth of the Online Casinos market in Hong Kong can also be attributed to the strong economic growth and high disposable income levels in the region. Hong Kong has a thriving economy and a high standard of living, which allows people to spend more on leisure activities, including online gambling. Additionally, the rise of middle-class consumers in Hong Kong has also contributed to the growth of the online gambling market, as more people have the financial means to participate in online casino games. In conclusion, the Online Casinos market in Hong Kong is experiencing significant growth due to the increasing popularity of online gambling, the rise of mobile gambling, and the strict gambling regulations in the region. The strong economic growth and high disposable income levels in Hong Kong also contribute 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.

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.