Igaming market on target to reach US$153.57 billion by 2030
The global igaming market could be worth US$153.57 billion by the end of the decade, report from market research firm Grand View Research estimates.
Expansion of the world’s online igaming sector could reach a compound annual growth rate of 11.9% between 2025 and 2030, the report says.
The report suggests that the US gambling market alone could hit US$32.95 billion by 2030, while the global online casino sector is forecast to reach US$38 billion by the end of the decade, representing a compound annual growth rate of 12.5%.
According to Grand View Research, increased smartphone and Internet penetration will significantly influence growth. They predict 333 million new mobile internet users in the Asia Pacific region by the end of this year and highlight that more than 650,000 new accounts were created on mobile wagering apps in New York in 2021.
Other factors propelling growth include the advertising of gambling platforms through online advertising agencies, third-party advertising servers, exchanges, and other networks, and the spread of the legalization of sports betting and online casino gaming in the US, Latin America, and the Asia-Pacific regions.
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Charlotte Capewell brings her passion for storytelling and expertise in writing, researching, and the gambling industry to every article she writes. Her specialties include the US gambling industry, regulator legislation, igaming, and more.
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