Igaming Market Size

The global online gambling market is a rapidly growing industry and generated over €91 billion in revenue in 2024, with an expected annual growth rate (CAGR) of 6.47%, reaching €125 billion by 2029. The market is also experiencing increasing user penetration, anticipated to grow from 6.2% in 2024 to 7.7% by 2029, with a total user base of approximately 290.5 million by the end of the forecast period. The Average Revenue Per User (ARPU) is estimated at €414 annually, showcasing the market's significant revenue potential. Notably, the United States is the leading contributor to global revenue, with €23 billion expected in 2024.

Key segments driving growth include online casino games, sports betting, esports betting, poker, and lotteries. Online casino games remain the largest segment due to their interactive and engaging formats, while sports betting continues to grow, fueled by mobile platforms and partnerships with sports leagues.

Esports betting, an emerging segment, is attracting younger demographics, while poker remains popular due to its competitive tournaments and gamified features. Additionally, innovations such as blockchain and cryptocurrency adoption are enabling faster transactions and enhanced transparency, appealing to tech-savvy and privacy-conscious users.