Online Gambling and Betting Market Growth Analysis, Market Dynamics, Key Players and Innovations, Outlook and Forecast 2025-2032

As of 2023, the global Online Gambling and Betting market was valued at approximately USD 31,010 million. Projections indicate robust growth, with the market expected to reach USD 84,620.97 million by 2032, representing a CAGR of 11.80% during the forecast period. This surge is driven by rising smartphone penetration, increasing consumer disposable income, and the broader legalization of online gambling across numerous jurisdictions.

In North America, one of the most mature and lucrative markets, the industry stood at USD 9,797.51 million in 2023, and is projected to grow at a CAGR of 10.11% through 2032. The U.S., in particular, is seeing rapid expansion following state-level legalizations of sports betting and online casinos.

Market Segmentation (by Type)
Casino
Sports Betting
Poker
Bingo
Lottery
Others

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