Analysts predict the global online gaming industry will grow by almost 50% in the next five years, from $103B to $169B.
Mordor Intelligence, studying the growth of iGaming markets worldwide, predicts the market will see a compound annual growth rate (CAGR) of 10.44% between 2025 and 2030.
The global market size, as of February 2025, is estimated to be $103Bn, with the increasing legalization of online betting across various countries a major driver of market growth.
The growing acceptance of new technology, such as AI and VR, is also expected to spur the growth of online gambling.
In the U.S., states like Nevada, Pennsylvania, Michigan, and New Jersey are the frontrunners in regulated online betting. Various types of online casino companies, sportsbooks, and sports betting apps operate under the oversight of departments such as New Jersey’s Division of Gaming Enforcement.
It is similar in Europe, where each country can bring in individual legislation.
Mordor Intelligence predicts that the European online gambling market is worth $58Bn in 2025 and that it will nearly double to $98Bn by 2030.
Denmark led the way in 2012, while Germany implemented licenses for online gambling in July 2021. The UK, overseen by the Gambling Commission, holds a 31% share of the online gambling market in 2024.
Oceanic countries represent the largest market in the Asia-Pacific region, with Australia maintaining one of the highest gambling rates globally. The Philippines and India are also highlighted as emerging markets for online gambling.
Latin America, particularly Colombia, Brazil, and Mexico, is also emerging as a lucrative market. Colombia has established the strongest structured online gambling regulatory frameworks in South America. With rising internet use and regulatory reforms, the region’s online gambling market is expected to grow significantly.
Sports betting remains the significant segment in the global online gambling market, with 51% of the total market share in 2024, mainly driven by football betting.
Trends expected to enter the market include virtual reality for immersive gambling experiences from the living room and predictive AI which — on the backend — can improve user engagement while also ensuring responsible gambling measures or reducing problematic betting behavior.
