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Online Gambling Market Size to Achieve USD 172 Billion by 2030 growing at 11.6% CAGR due to the Increasing Penetration of Mobile Phones Globally – Exclusive Report by Acumen Research and Consulting

Published

4 years ago

July 12, 2022

Reading Time: 4 minutes

The Global Online Gambling Market Size is expected to reach a market value of around USD 172 billion by 2030 growing with a CAGR of 11.6% over the forecast timeframe, as reported by Acumen Research & Consulting

Online gambling has become one of the world’s fastest-growing sectors in the past 20 years. Every day, millions of people gamble on various platforms. As a result, the revenue generated by these websites is massive, increasing the global online gambling market value. Online gambling which is also known as internet gambling or e-gambling is witnessing a massive demand on account of the growing mobile gambling applications.

Online gambling has changed the industry landscape owing to the rising number of existing as well as new gamblers shifting towards online platforms. The ease of access, convenience, and corporate sponsorship are just a few of the factors that have shifted the focus of gamblers from offline gambling to online gambling. This factor is also expected to boost the worldwide online gambling market growth.

Report Coverage:

Market	Online Gambling Market
Market Size 2021	USD 65 Billion
Market Forecast 2030	USD 172 Billion
CAGR During 2022 – 2030	11.6%
Analysis Period	2018 – 2030
Base Year	2021
Forecast Data	2022 – 2030
Segments Covered	By Type, By Device, And By Geography
Regional Scope	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled	888 Holdings PLC, Bet365, Betsson AB, GVC Holdings PLC, Kindred Group PLC, Ladbrokes Coral Group PLC, Paddy Power Betfair PLC, Sky Betting and Gaming, The Stars Group Inc., and William Hill.
Report Coverage	Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
Customization Scope	10 hrs of free customization and expert consultation

COVID-19 Impact on the Global Online Gambling Market Value

The COVID-19 pandemic had a positive impact on the market, as consumers turned more to the online platform during lockdowns to overcome their financial, psychological, and social crises. Because of the lockdown measures and work-from-home culture, it was one of the industries that thrived during the COVID-19 pandemic. In addition to that, the various countries’ and governments’ lockdown and social distancing regulations have had an impact on land-based casino operations. As a result, regular traditional gamblers shifted their focus towards online gambling, which again fueled the market demand during the COVID-19 period.

Global Online Gambling Market Growth Aspects

Increasing penetration of Smartphone’s will fuel the global online gambling market share

Mobile gambling is becoming increasingly popular around the world. Although it is constrained alongside online gambling in some states, the mobile gambling market is expected to grow significantly in the coming years. According to gambling regulators, mobile gambling is frequently conducted by younger individuals, who are more susceptible to addiction. Sports betting is the most common form of mobile gambling; despite its association with gambling-related harm, live-action betting is aggressively marketed on mobile gambling applications in areas where betting regulation is more permissive. The introduction of payment options such as Apple Pay, Pay by Phone, and others have made a significant difference. Their withdrawal and deposit times are much shorter. Furthermore, various statistics show that mobile casinos grew in popularity during the lockdown. In some countries, the increase was nearly 100%.

Sports betting will generate the biggest online gambling market revenue in the coming years

According to our sports betting industry analysis, the market is expected to reach around USD 139 billion by 2028, growing at a CAGR of more than 10% between 2021 and 2028. Some of the online gambling market trends include increased connected device penetration and varying regulatory scenarios for the overall gambling industry. Additionally, the introduction of 5G networks, as well as the growing application of artificial intelligence and block chain technologies in the sports betting industry, is expected to generate a variety of growth opportunities over the forecast years. Furthermore, the rising popularity of sports betting gambling on games such as football, cricket, and easy understanding of these gambling among millennials are some of the leading aspects driving the market growth.

Online Gambling Market Segmentation

The global market has been divided into three sections: type, device, and region. The market is divided into five types: casinos, bingo, poker, sports betting, and others. Based on our analysis, the sports betting segment is anticipated to lead the market during the forecasted timeframe from 2022 to 2030. On the other hand, the online casino segment will achieve a substantial share in the coming years.

Furthermore, the device segment is split into desktop, mobile, and others. The desktop segment generated a significant online gambling market share in 2021, owing to the larger screens and easy visibility to enjoy their betting events. However, mobile gambling will grow at the fastest rate due to the increasing global penetration of Smartphone’s and their ease of access to online gambling apps.

Online Gambling Market Regional Outlook

North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa are the regional classification of the global online gambling market. Among all the regions, the Europe region leads the online gambling market with the majority of the share during the forecast timeframe. This could be attributed to the growing sports industry, the presence of leading players, and the ease of regulations.

On the other hand, the Asia-Pacific region is anticipated to attain the fastest growth rate from 2022 to 2030. This is ascribed to the increasing number of Smartphone users in countries such as China and India. Additionally, rapid urbanization, increasing internet penetration, and increasing adoption of crypto currency in online gambling are some of the factors that are supporting the Asia-Pacific online gambling market.

Online Gambling Market Players

Some key online gambling companies covered in the industry include 888 Holdings PLC, Bet365, Betsson AB, GVC Holdings PLC, Kindred Group PLC, Ladbrokes Coral Group PLC, Paddy Power Betfair PLC, Sky Betting and Gaming, The Stars Group Inc., and William Hill.

game-mechanics

RubyPlay rolls out in-game Missions and Tournaments engagement tools

Published

34 minutes ago

May 26, 2026

Wladimir P.

rubyplay-rolls-out-in-game-missions-and-tournaments-engagement-tools

RubyPlay has launched a new suite of in-game Engagement Tools—starting with Missions and Tournaments—aimed at helping operators increase session depth and retention through game-level events.

The company said the tools move away from “wallet-level” engagement mechanics common in the market by tying objectives and scoring to events that occur inside the slot experience. Missions lets operators build campaigns where players complete specific in-game objectives in exchange for instant rewards.

Tournaments adds a time-bound competitive layer, with players earning points by triggering in-game events such as high-value symbol landings and feature activations. RubyPlay said both tools are designed to run as a native part of gameplay rather than an external overlay.

Deployment will extend across RubyPlay’s portfolio and its studio ecosystem, including RubyPlay Studio, Koala Games, Mad Hat Games, xSlots and Firerose, with each able to embed Missions and Tournaments in their titles.

Tsachi Maimon, Chief Executive Officer at RubyPlay, said: “When we developed our Engagement Tools, the goal was not to add another promotional layer on top of the game. The goal was to strengthen the game itself.

“Most engagement mechanics in the market are built around wallet activity or broad player behaviour. We wanted to take a different approach by building Missions and Tournaments around real in-game events, the moments players already connect with during the slot experience.

“That creates a more relevant and intuitive journey for players, while giving operators a powerful way to support longer sessions, stronger retention and deeper engagement across RubyPlay’s full content ecosystem.”

The post RubyPlay rolls out in-game Missions and Tournaments engagement tools appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

crypto sports

iBankroll signs risk-sharing deal with MonkeyTilt for VIP wagering limits

Published

34 minutes ago

May 26, 2026

Wladimir P.

ibankroll-signs-risk-sharing-deal-with-monkeytilt-for-vip-wagering-limits

Partnership targets high-stakes variance coverage, enabling up to $1m-per-round blackjack and unlimited daily withdrawals, the companies say.

iBankroll has signed a risk-sharing partnership with crypto sports and casino operator MonkeyTilt to expand the operator’s high-stakes VIP wagering limits, the companies said.

The agreement uses iBankroll’s “Bankroll-as-a-Service” model, which is designed to absorb short-term variance tied to high-stakes play. iBankroll said the structure reduces the need for operators to hold large capital reserves to cover VIP action, freeing up balance sheet for investment in product, marketing and customer experience.

Under the deal, MonkeyTilt said it will offer $1 million per-round blackjack, $6 million maximum slot wins, unlimited daily withdrawals, and “top-of-market sports limits.” The press release adds that MonkeyTilt is backed by PolyChain and Pantera Capital and has raised over $80 million in funding.

Hayden Bowman, Co-Founder of iBankroll, said: “MonkeyTilt is building one of the most ambitious consumer products in the space.

“Sam and the team don’t take partnerships lightly and we don’t either when the deal is this size. We’ve spent the last several months getting every piece into place so MonkeyTilt can take on serious volume and volatility with zero bankroll risk on their side. It’s been a real pleasure working with them and we’re excited to keep going.”

Sam Kiki, Founder and CEO of MonkeyTilt, said: “MonkeyTilt has raised over $80 million from investors like Pantera Capital, Polychain, PokerGo, and myself. However, we have always had to earmark a large portion of our balance sheet to guarantee immediate payouts to winners.

“Moving forward, this risk will be assumed by our partners, freeing up our capital for growth. What most people don’t realise is that 99 percent of startup casinos don’t actually have a bankroll. Some take $100K-per-hand action knowing they can’t cover the downside. This deal puts us in the 1 percent that doesn’t have to think about it.”

The post iBankroll signs risk-sharing deal with MonkeyTilt for VIP wagering limits appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

content-supplier

Pragmatic Play adds football theme to Big Bass series with new slot

Published

34 minutes ago

May 26, 2026

Wladimir P.

pragmatic-play-adds-football-theme-to-big-bass-series-with-new-slot

Pragmatic Play has released Big Bass Football Bonanza, a new entry in its Big Bass slot series that switches the franchise’s fisherman theme to a football stadium setting.

The 5×3 title uses trophy scatters to trigger a bonus game. According to the supplier, landing 3-5 trophy scatters awards 15-25 free spins, with wilds split into red and blue “teams” that collect money symbols worth up to 5,000x.

Pragmatic Play said red and blue wilds are collected on their respective sides, with every fourth wild on each team awarding 10 extra spins and adding multipliers of 2x, 3x and 10x on the first, second and third retrigger. The supplier added that if wilds land with no money symbols, or money symbols land with no wilds, paying symbols can be randomly transformed into wilds or cash prizes.

The launch lands just over two weeks before the world’s biggest football tournament gets underway. Pragmatic Play positions the release as the latest addition to the Big Bass franchise following recent titles Big Bass Trophy Catch and Big Bass Raceday Repeat.

Sharon McHugh, Director of Public Relations at Pragmatic Play, said: “Big Bass Football Bonanza has been designed to capture the electric atmosphere surrounding the world’s most-watched football tournament. From the stadium-inspired setting to the football-themed symbols, the game delivers an entertaining twist on the popular Big Bass formula.”

The post Pragmatic Play adds football theme to Big Bass series with new slot appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.