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Global Online Gambling Market Expected to Reach $96.89B By 2024

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Global Online Gambling Market Expected to Reach $96.89B By 2024

Worldwide online gambling and betting are expected to reach $96.89 billion by 2024, according to the Market Research Report Search Engine (MRRSE). The research group published the results of their recent study on online gambling this week.

The study considered the size of the global industry and analyzed the shares, potential for growth and trends. The entire report culminated in a forecast for the industry through 2024. It provides insights into the specific drivers and product segments that are expected to push positive growth, along with the barriers and competitive scenarios each market faces.

The MRRSE report points to increased global internet access and high-speed internet services on mobile devices as the primary driver for the growth of online gambling around the world. Not only does high-speed internet enable gamblers to access betting and gaming sites, but it allows them to watch the sports and esports they bet on via live streaming.

Through 2015, Europe was the global leader in online gambling and betting. The region still boasts the most extensive selection of online operators. Demand for online gaming is steadily growing in the Asia Pacific region, while the United States continues to trail behind due to heavy government restrictions.

However, the recent decision by the US Supreme Court to allow states the right to legalize sports betting is expected to have a significant impact on the nation’s status in the global betting industry.

The report identified online casino games as the highest-earning form of online gambling in the market, with 26.4 percent of all online gambling revenue.

Bob

Hailing from Wisconsin but arriving in Las Vegas in 1995, I'm better known at various US online poker rooms under the pen name "OreoBob" and "SoyFlush". I'm an avid poker player and editor-at-large who has contributed as a freelance writer for diverse national and international iGaming publications since 2004.