GBO delivers a complete package of services for the online casino business, from systems to banking, merchant accounts, corporate components, and a genuine turnkey solution, all backed by top professionals.

 

Full legal package | company formation | bank $ merchant accounts in Europe | Licensing | White label/systems

 

  • We license all iGaming Products – online casinos, apps, sports betting, poker, lotteries, and bingo
  • Seasoned Player: GBO has been a trusted name in the gaming industry since 2009.
  • Understanding Challenges: We recognize the myriad decisions gaming entrepreneurs face.
  • Overwhelming Options: The market is filled with choices, which can be daunting.
  • Reliable Partner: GBO simplifies these choices, guiding businesses to success.
  • More than Just Tools: We provide customized solutions tailored to your needs.
  • Deep Industry Insight: When you contact GBO, you get solutions, not just answers.
  • Smooth Banking: With GBO, financial transactions for your gaming business are effortless.

Find out how we can help you set up your online casino and gaming operation

WhatsApp us: +972504938469, email us: info@gbo-il.com

    Paydo

    Online Gambling Industry Market Size & Trends Analysis Report

    1. Outline

    Internet globalization and the digital revolution have propelled the online gambling market into a period of unprecedented expansion. The ease of gambling from the comfort of one’s own home, accessibility 24 hours a day, seven days a week, and the vast variety of options available online have made it an attractive alternative to traditional land-based casinos.

     

    2. Classifications within the Gambling Industry

    1. Online casinos offer a variety of games, including digital slot machines and virtual table games such as blackjack and roulette. They frequently employ high-quality visuals and audio effects to simulate the atmosphere of a real casino. Some include live dealers streaming in real-time to provide a genuine experience.
    2. This involves placing wagers on the outcomes of sporting events. The digital platform allows for “live” or “in-play” betting, where odds change in real-time as the event unfolds, offering dynamic betting options.
    3. Poker: Online poker platforms can replicate the in-person poker room experience. They provide a variety of game formats, ranging from tournaments with thousands of participants to private tables. Numerous platforms also include social features, which improve player interaction.
    4. The digital version of bingo retains the spirit of community by incorporating chat features that allow players to communicate in real time.
    5. Lotteries: Online platforms may offer instant win games and syndicate options, in which players pool their funds to purchase tickets collectively.
    6. Virtual Sports is a new form of online gambling that involves wagering on simulated sporting events with random outcomes. It provides uninterrupted betting opportunities regardless of actual sports calendars.

     

    3. Market Volume and Development

    Initially regarded as a niche market, the online gambling industry has grown exponentially. In 2019, it was valued at $53.7 billion, but experts predict that by 2027, it will be worth $127.3 billion. This growth trajectory demonstrates the industry’s potential and the increasing mainstream acceptance of online gambling as a form of entertainment.

    The online gambling industry’s growth trajectory from 2013 to 2019 showcases its rapid expansion and increasing acceptance. Let’s break down the estimated market size year by year:

     

    Year Estimated Market Size (in billions) Growth Rate
    2013 $30.0 –
    2014 $33.5 11.7%
    2015 $37.8 12.8%
    2016 $42.6 12.7%
    2017 $47.9 12.4%
    2018 $50.8 6.1%
    2019 $53.7 5.7%

     

    (Note: The above figures are illustrative and not exact. They are based on an assumed

    1. In 2023, the Online Gambling market is anticipated to generate revenues of $95.05 billion. The market is anticipated to expand at a CAGR of 8.54 % between 2023 and 2027, bringing its value to an estimated $131.90 billion by 2027.
    2. By 2027, the Online Gambling market is projected to have 233.7 million users.
    3. While the projected user penetration in 2023 is 2.3%, it is expected to rise to 2.9% by 2027.
    4. The United States will likely lead the world in revenue generation in 2023, contributing an estimated $19 Billiard USD.
    5. Canada has the highest estimated user penetration in the Online Gambling market, at 46%.

     

     

     

    4. Principal Online Gambling Nations

    1. The United Kingdom is a leader in the online gambling industry, with clear regulations established by the UK Gambling Commission. The Commission not only ensures fair operations, but also emphasizes player safety, serving as a model for other countries.
    2. Australia: Australia’s passion for sports is reflected in its online gambling preferences, with horse racing and rugby betting being particularly popular.
    3. Canada: Although the country has embraced online gambling, provincial regulations vary. This decentralized strategy has produced a market landscape in which each region tailors its offerings to local preferences.
    4. Germany: With the recent relaxation of online gambling regulations, Germany is poised to become a major player on the European market.
    5. While mainland China maintains strict regulations and bans on online gambling, regions such as Macau, also known as the “Las Vegas of Asia,” offer platforms that contribute significantly to the global online gambling revenue.

     

    5. Online Gambling Trends

    1. The prevalence of smartphones has facilitated the expansion of mobile gambling. This mobile audience is catered to by responsive designs and dedicated applications.
    2. Live Streaming Technology has bridged the gap between online and offline gambling with live dealer games. Now that players can interact with real dealers, the experience is more authentic and engaging.
    3. Blockchain and cryptocurrencies are technologies that promise security and transparency. Due to their decentralized nature, cryptocurrencies offer a discrete alternative for transactions, which appeals to a subset of users.
    4. Virtual Reality (VR) and Augmented Reality (AR): As VR and AR technologies become more accessible, they will further enhance the immersive experience, from interactive gaming tables to virtual casino tours.

     

    6. Total Incomes

    The industry’s rising revenue is evidence of its good health. The projected increase from $53.7 billion in 2019 to $127.3 billion by 2027 demonstrates its growing acceptance. This growth is not only attributable to an increase in the number of users, but also to increased spending per user, which indicates a deeper market penetration.

     

    7. Challenges and Factors to Consider

    1. Regulatory Landscape: The ever-changing global regulatory environment necessitates constant adaptation. Local laws can vary significantly between regions, and operators must be aware of them.
    2. The accessibility of online gambling platforms raises concerns about gambling addiction. Numerous platforms now include self-exclusion tools, deposit limits, and other responsible gambling-promoting features.
    3. Cybersecurity: In this industry, trust is paramount. With increasing cyber threats, operators need robust security measures, from encryption protocols to two-factor authentication, ensuring user trust and data protection.

    About the Author: Gilad Oren

    With over 25 years of experience, I have cultivated a career marked by entrepreneurial spirit and deep financial expertise, particularly in finance and online marketing. My professional journey began in the private banking and investment sectors, where I sharpened my skills for many years before making a significant pivot. I ventured into entrepreneurship by founding an Electronic Money Institution (EMI) and later incorporated GBO International Financial Services.   At GBO, we have established ourselves as a comprehensive provider of global corporate services, including company formation, banking assistance, and licensing for gaming and crypto sectors, alongside merchant account consultancy and digital public relations. My career is a testament to combining industry knowledge with entrepreneurial zeal to create impactful solutions in the financial and online marketing landscapes.   Let's connect in LinkedIn: https://www.linkedin.com/in/gilad-oren-326231220/

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