Online Gambling Market Size is Estimated to be USD 329.6 Billion by 2034; Rising Integration of Digital Currencies Fuels the Market Growth

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Published Date: December 2024

The online gambling market has emerged as a dynamic and rapidly growing segment of the global entertainment industry. As digital technology advances and smartphones and internet access become more widely used, online gaming platforms have become increasingly popular with consumers all over the world.

Online Gambling Market Segmentation Analysis:

By Type	Sports, Casino, Poker, and Bingo
By Platform	Mobile, Computer, and Others

Online Gambling Market Report Highlights:

The online gambling market size accounted for USD 104.2 billion in 2024.
Target Market estimated to be USD 329.6 billion by 2034 and to register a CAGR of 13.5%.
Based on type, the online gambling market is rapidly boosting in sports segment.
By platform, the mobile segment gets a large market share.
By region, the online gambling market is expected to expand rapidly in the North American region.

Online Gambling Market Dynamics:

Growing Factor	Challenge Factor	Market Trend
Increasing Smartphone Adoption	Cybersecurity Threats	Growth of E-sports Betting

Online Gambling Market Key Highlights:

In May 2024, MyPrize, the first ever multiplayer online casino, officially announced its entry in selected international markets in tandem with MyPrize US, the social gaming platform for US users. MyPrize combines the energy and high stakes excitement of online gambling with the personal interaction and community elements of social media and live streaming. The novel online casino will allow players to chat with their friends and stream themselves playing through MyPrize’s innovative Bet Together technology, which allows creators to engage directly with their fans.
In March 2024, Seven of the largest online betting operators in the U.S. have joined together to create the Responsible Online Gaming Association (ROGA), an organization committed to promoting responsible online gaming by supporting independent research, promoting best practices, and driving consumer and industry education and awareness efforts.

Online Gambling Market Report Analysis:

Views and Practices of Swedish Oriented Gambling Companies:

According to the research article published by PubMed Central, the Swedish gambling market faces a major change in legislation that will allow foreign-based companies to apply for a gambling license in Sweden. A key element in the new legislation are consumer protection measures. The Swedish gambling market is currently divided between licensed companies and non-Swedish-based companies providing online gambling services without a license in Sweden.

Browse ∼50 market data tables and ∼45 figures through ∼180 slides and in-depth TOC on “Online Gambling Market, By Type (Sports, Casino, Poker, and Bingo), Platform (Mobile, Computer, and Others), and Region - Trends, Analysis, and Forecast till 2034”

For more insights into the Online Gambling market and its future trends, visit the link: https://www.prophecymarketinsights.com/market_insight/online-gambling-market-5309

Competitive Landscape of Online Gambling Market:

The prominent players operating in the online gambling market include Entain PLC, Sky Betting & Gaming, Paddy Power Betfair PLC, Kindred Group PLC, William Hill PLC, 888 Holdings PLC, MGM Resorts International, Betsson AB, The Stars Group Inc., GVC Holdings PLC, Bet365 Group Ltd., Ladbrokes Coral Group PLC, LeoVegas Mobile Gaming Group, and Intralot S.A.