Gaming & VFX

What was the online gambling industry like in 2024?

— The global online gambling market is set to nearly double by 2030, driven by mobile betting, digital payments, and rapid Asia-Pacific expansion.
By Emily WilsonPUBLISHED: May 28, 20:18UPDATED: May 28, 20:30 2320
online gambling market growth chart with mobile apps, sports betting, and Asia-Pacific trends

The online gambling market was valued at USD 78.66 billion in 2024 and is projected to reach USD 153.57 billion by 2030, growing at a CAGR of 11.90%. The market growth is expected to be driven by the emergence of freemium modes of online gaming. This means that integrated advertising and users will drive revenue. 

The sports betting segment led the market with a revenue share of 50% in 2024, which is well attributed to the growing legalization of online sports betting and popularity of in-play betting. With the advent of exciting betting apps, the mobile segment has grown substantially and will continue to grow. Betting and gambling with them is convenient.

The increase in the number of online gambling sites advertising through online agencies, third-party ad servers, networks, and exchanges is also expected to contribute to the market's expansion in the coming years. 

Although Europe led the gambling market in 2024, a significant compound annual growth rate is expected in the Asia Pacific region. Considerable growth in smartphone usage and the legalization of gambling are predicted there. 

This trend can be observed mainly in India, where online gambling has been legalized in many states. Immediately after this event, many new games appeared here, especially popular fast entertainment like Aviator. This game peaked in popularity in weeks because of its quick rounds and simple rules. Many local casinos started offering bonuses specifically for this game to attract even more users. Such incentives are distributed through advertising networks and special informational sites. One of the most visited is https://aviatorapps.in/. The selection here is updated every day. 

In general, the active penetration of the Internet and the increase in the number of smartphones significantly affect the market as a whole. The Asia-Pacific region is expected to have 333 million new mobile internet subscribers in 2025, who are potential creators of unique accounts.

To meet the demand for exciting online casino games, effective alliances of developers from the online gambling industry have joined hands with software providers. 

The COVID-19 outbreak significantly accelerated the demand for online gambling. People chose online gambling for recreation as they had to spend a significant portion of their time indoors. The number of gamblers increased sixfold compared to the pre-pandemic period. Also, the active use of gambling apps is being driven by the fact that there are increasingly secure payment systems that work with digital payments. Further accelerating market growth is the wider adoption of digital currencies and websites by betting companies and online casinos. 

Key and new players in this market should keep an eye on developments.

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Emily Wilson

Emily Wilson is a content strategist and writer with a passion for digital storytelling. She has a background in journalism and has worked with various media outlets, covering topics ranging from lifestyle to technology. When she’s not writing, Emily enjoys hiking, photography, and exploring new coffee shops.

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