According to a survey carried out in October 2022 in South Korea, the market size of illicit gambling was estimated to be around 102.7 trillion South Korean won. Overall, the scale of the market has been estimated to have increased over the years. Gambling is a heavily regulated activity in the country, with only a few legal channels available for South Korean citizens.
Estimated market size of illegal gambling activities in South Korea from 2008 to 2022
(in trillion South Korean won)
1,000 South Korean won equals 0.77 U.S. dollars or 0.71 euros as of July 2023.
Estimations were conducted every few years by various sources that utilized different methodologies in their approach. Since 2016, a focus on user numbers has been used as a basis for calculations.
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National Gambling Control Commission. (April 20, 2023). Estimated market size of illegal gambling activities in South Korea from 2008 to 2022 (in trillion South Korean won) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1398289/south-korea-illegal-gambling-market-size-estimation/
National Gambling Control Commission. "Estimated market size of illegal gambling activities in South Korea from 2008 to 2022 (in trillion South Korean won)." Chart. April 20, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1398289/south-korea-illegal-gambling-market-size-estimation/
National Gambling Control Commission. (2023). Estimated market size of illegal gambling activities in South Korea from 2008 to 2022 (in trillion South Korean won). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1398289/south-korea-illegal-gambling-market-size-estimation/
National Gambling Control Commission. "Estimated Market Size of Illegal Gambling Activities in South Korea from 2008 to 2022 (in Trillion South Korean Won)." Statista, Statista Inc., 20 Apr 2023, https://www.statista.com/statistics/1398289/south-korea-illegal-gambling-market-size-estimation/
National Gambling Control Commission, Estimated market size of illegal gambling activities in South Korea from 2008 to 2022 (in trillion South Korean won) Statista, https://www.statista.com/statistics/1398289/south-korea-illegal-gambling-market-size-estimation/ (last visited November 21, 2024)
Estimated market size of illegal gambling activities in South Korea from 2008 to 2022 (in trillion South Korean won) [Graph], National Gambling Control Commission, April 20, 2023. [Online]. Available: https://www.statista.com/statistics/1398289/south-korea-illegal-gambling-market-size-estimation/
