Online Casinos - Luxembourg | Statista Market Forecast

Revenue in the Online Casinos market is projected to reach US$58.19m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 5.06%, resulting in a projected market volume of US$70.90m by 2028.
In the Online Casinos market, the number of users is expected to amount to 46.4k users by 2028.
User penetration will be 6.9% in 2024 and is expected to hit 6.8% by 2028.
The average revenue per user (ARPU) is expected to amount to US$1.29k.
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 Luxembourg has been experiencing significant growth in recent years, driven by changing customer preferences, emerging trends in the market, and local special circumstances. Customer preferences in the Online Casinos market have shifted towards convenience and accessibility. With the advancement of technology and the widespread use of smartphones, more people are opting for online gambling platforms that allow them to play their favorite casino games anytime and anywhere. This trend is not unique to Luxembourg, but is seen worldwide as the online gambling industry continues to expand. One of the key trends in the market is the increasing popularity of live dealer games. These 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 driven by the desire for a more authentic casino experience, which cannot be replicated by traditional online casino games. The availability of high-speed internet and advancements in streaming technology have made live dealer games more accessible to players in Luxembourg. Another trend in the Online Casinos market is the rise of mobile gambling. With the majority of the population owning smartphones, mobile gambling has become a convenient way for players to enjoy their favorite casino games on the go. Mobile gambling apps and optimized websites offer a seamless user experience, allowing players to easily navigate through a wide range of games and make secure transactions. This trend is expected to continue as mobile technology continues to advance and more players embrace mobile gambling. Local special circumstances also play a role in the development of the Online Casinos market in Luxembourg. The country has a high per capita income and a strong economy, which creates a favorable environment for online gambling. Additionally, Luxembourg has a well-regulated gambling industry, with strict licensing requirements and consumer protection measures in place. This provides players with a sense of security and trust when engaging in online gambling activities. Underlying macroeconomic factors, such as the growth of the digital economy and the increasing acceptance of online payments, also contribute to the development of the Online Casinos market in Luxembourg. The digital economy is expanding rapidly, with more people relying on online services for entertainment, shopping, and other activities. This creates a larger customer base for online casinos and drives the growth of the market. Furthermore, the increasing acceptance of online payments makes it easier for players to deposit and withdraw funds from their online casino accounts, further fueling the growth of the market. In conclusion, the Online Casinos market in Luxembourg is experiencing growth due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. The convenience and accessibility of online gambling, the popularity of live dealer games, the rise of mobile gambling, the high per capita income and well-regulated gambling industry in Luxembourg, and the growth of the digital economy and acceptance of online payments are all contributing to the development of the 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.