Online Casinos - Slovakia | Statista Market Forecast

Revenue in the Online Casinos market is projected to reach US$129.10m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 5.84%, resulting in a projected market volume of US$162.00m by 2028.
In the Online Casinos market, the number of users is expected to amount to 170.4k users by 2028.
User penetration will be 3.0% in 2024 and is expected to hit 3.1% by 2028.
The average revenue per user (ARPU) is expected to amount to US$795.40.
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 Slovakia has experienced significant growth in recent years, driven by changing customer preferences and favorable local circumstances.

Customer preferences: Customers in Slovakia are increasingly turning to online casinos for their gambling needs. This shift in preference can be attributed to several factors. Firstly, online casinos offer convenience and accessibility, allowing customers to gamble from the comfort of their own homes at any time. Additionally, online casinos provide a wide range of games and betting options, catering to the diverse preferences of customers. The availability of mobile gambling platforms has further contributed to the popularity of online casinos, as customers can now play their favorite games on the go.

Trends in the market: One of the key trends in the online casinos market in Slovakia is the growing popularity of live dealer games. Live dealer games provide a more immersive and interactive gambling experience, as customers can play against real dealers 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. Furthermore, technological advancements have made it possible to stream high-quality video feeds, enhancing the overall experience for customers. Another trend in the market is the increasing use of cryptocurrency for online gambling. Cryptocurrencies offer several advantages over traditional payment methods, including enhanced privacy and security, faster transactions, and lower fees. This trend is particularly relevant in Slovakia, where cryptocurrency adoption is relatively high compared to other countries. The use of cryptocurrencies in online casinos allows customers to gamble anonymously and provides an alternative payment option for those who are skeptical of traditional banking systems.

Local special circumstances: The online casinos market in Slovakia is also influenced by local regulations and special circumstances. The Slovakian government has implemented strict regulations to ensure the integrity and fairness of online gambling. This includes licensing requirements for operators and the establishment of a national gambling authority to oversee the industry. These regulations provide customers with a sense of trust and confidence in the online gambling market, leading to increased participation.

Underlying macroeconomic factors: Several macroeconomic factors have contributed to the growth of the online casinos market in Slovakia. Firstly, the increasing internet penetration rate in the country has provided a larger customer base for online casinos. As more people gain access to the internet, the potential market for online gambling expands. Additionally, the rising disposable income of Slovakian consumers has allowed them to spend more on leisure activities, including online gambling. The overall stability of the Slovakian economy has also contributed to the growth of the online casinos market, as customers feel more comfortable spending their money on non-essential activities. In conclusion, the Online Casinos market in Slovakia has experienced significant growth due to changing customer preferences, including the demand for convenience and accessibility, as well as the availability of a wide range of games and betting options. The market is also influenced by trends such as the popularity of live dealer games and the use of cryptocurrency. Local regulations and special circumstances, such as strict licensing requirements and a national gambling authority, contribute to the trust and confidence of customers. Underlying macroeconomic factors, such as increasing internet penetration and rising disposable income, further support the growth of the online casinos market in Slovakia.

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.