⛳Overview

Market Size and Growth

The global gambling market was valued at $262.71 billion in 2022 and is projected to reach $404.61 billion by 2031, with a compound annual growth rate (CAGR) of 4.7% during the forecast period. The increasing internet penetration and rise in mobile usage for online gaming have bolstered the demand for online gambling. The global online gambling market was valued at $63.53 billion in 2022, with a projected CAGR of 11.7% from 2023 to 2030.

In the rapidly evolving online gambling landscape, the advent of cryptocurrencies has catalyzed a paradigm shift, fundamentally altering how players interact with digital gambling platforms. From enhanced security to improved privacy, crypto gambling offers a range of advantages for players seeking immersive and rewarding gaming experiences.

According to a SOFTSWISS report analyzing data from over 600 cryptocurrency-friendly iGaming brands:

· Total crypto bets grew by over 20% from 2022 to 2023.

· During the same period, crypto currency betting increased by over 50%.

Key Figure

$88.7 billion

According to a Research and Markets study, the global online gambling market has grown at a compound annual growth rate (CAGR) of 10.4% since 2018, reaching a total value of nearly $88.7 billion in 2023.

$151.9 billion

Research and Markets predicts that based on current growth trends, the global online gambling market will grow from $88.7 billion in 2023 to $151.9 billion by 2028, at a growth rate of 11.4%.

$252.6 billion

And will continue to grow at a compound annual growth rate of 10.7% from 2028, reaching $252.6 billion by 2033.

55%

According to an article from iGB in 2023, 55% of the global online gambling population owns cryptocurrencies.

11-12%

The adoption rate of cryptocurrencies in the highest revenue-generating European countries for online gambling, including the UK, Germany, Italy, and France, is estimated to be between 11% and 12%.

4%

According to an article in The Daily Telegraph, approximately 4% of all online gambling searches in 2022 were related to cryptocurrencies. There is increasing global interest in cryptocurrencies, with Statista data showing that since 2019, more potential bettors have begun holding cryptocurrencies.