Global Industry Statistics on Online Gambling & Betting Market Size Will Grow to USD 100 Billion by 2026: Facts & Factors The global online gambling market size was valued at USD 53.7 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 11.5% from 2020 to 2027. The high internet penetration and increasing use of mobile phones among individuals for playing online games from their homes and public places are driving the market. Another growing segment of the gambling industry is online. The global market size of online gambling was forecasted to reach over 59 billion U.S. dollars in 2020, growing by around 20 billion U.S... The global online gambling market is anticipated to be valued at more than 92.9 billion U.S. dollars in 2023. The current size of the market is almost 59 billion U.S. dollars, meaning the size is... Release Summary. Technavio analysts forecast the online gambling market in the US to grow at an impressive CAGR of more than 51% during the forecast period, according to their latest report. The global online gambling market reached a value of US$ 66.7 Billion in 2020. Online gambling, or virtual gambling, refers to betting on casino or sports-based activities over the internet. In comparison to in-person gambling, online gambling does not involve physical interaction of players and all the sessions are moderated by computer programs. Industry statistics If you have a question about your gambling, or the gambling of someone close to you, our FAQs from gambling consumers during lockdown may provide valuable information. Try the new Gambling Commission website we're working on, and give us feedback. The online gambling market size surpassed USD 55 billion in 2019 and is anticipated to grow at 16.5% CAGR between 2020 and 2026 owing to advent of several new technologies, such as AI, VR, cyborg, and machine learning. In 2015 annual gross-gaming yield for the online bingo industry from UK customers along £128.64 million, or 3% of the entire online gambling market share. The Great iGaming Equation The global online gambling industry is projected to grow at a CAGR of 11.94%, during the forecast period 2020- 2025. This report includes the impact of COVID-19 on online gambling industry.
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