Online Casinos - Ivory Coast | Statista Market Forecast

Revenue in the Online Casinos market is projected to reach US$50.01m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 6.12%, resulting in a projected market volume of US$63.44m by 2028.
In the Online Casinos market, the number of users is expected to amount to 127.0k users by 2028.
User penetration will be 0.4% in 2024 and is expected to hit 0.4% by 2028.
The average revenue per user (ARPU) is expected to amount to US$426.90.
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.

Online Casinos in Ivory Coast have been experiencing significant growth in recent years. This can be attributed to a combination of customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors.

Customer preferences: Ivory Coast, like many other countries, has seen a shift in customer preferences towards online gambling. This is primarily due to the convenience and accessibility offered by online casinos. Customers can now enjoy their favorite casino games from the comfort of their own homes, without the need to travel to a physical casino. Additionally, online casinos often offer a wider variety of games and attractive bonuses, which further attract customers.

Trends in the market: One of the key trends in the online casinos market in Ivory Coast is the increasing use of mobile devices for gambling. With the widespread availability of smartphones and affordable data plans, more and more people are accessing online casinos through their mobile devices. This trend is expected to continue as mobile technology continues to advance, making it even easier for customers to gamble on the go. Another trend in the market is the emergence of live dealer games. These games provide a more immersive and interactive experience for players, as they can interact with real dealers in real-time. This trend has gained popularity in Ivory Coast, as it brings the excitement of a physical casino to the online platform.

Local special circumstances: Ivory Coast has a relatively young population, with a large percentage of the population being under the age of 30. This demographic is more tech-savvy and open to trying new forms of entertainment, including online gambling. The increasing internet penetration in the country has also contributed to the growth of the online casinos market. Furthermore, Ivory Coast has a growing middle class with disposable income. As more people have the financial means to engage in leisure activities, including gambling, the demand for online casinos has increased.

Underlying macroeconomic factors: The overall economic growth in Ivory Coast has had a positive impact on the online casinos market. As the economy grows, more people have disposable income to spend on entertainment activities, including online gambling. Additionally, the government has implemented policies to attract foreign investment, which has led to an increase in job opportunities and higher incomes for the population. In conclusion, the online casinos market in Ivory Coast is experiencing significant growth due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The convenience and accessibility of online gambling, along with the increasing use of mobile devices, have contributed to the growth of the market. The young population, growing middle class, and overall economic growth in the country have also played a role in the development of the online casinos 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.