Global Gambling Market Size 2024, Forecast To 2033

The gambling market has displayed strong growth, increasing from $540.27 billion in 2023 to $580.36 billion in 2024, with a compound annual growth rate (CAGR) of 7.4%. This historic period's growth is attributed to the growth in emerging markets, an increase in female gamblers, and the heightened betting on e-sports. Looking ahead, the market is expected to witness strong growth, reaching $744.76 billion in 2028 with a CAGR of 6.4%. The forecast period's growth can be attributed to the legalization of gambling, rapid urbanization, the increasing use of social media, and a rising population. Major trends for the forecast period include investments in gambling games utilizing AR and VR technology, the adoption of advanced technologies to introduce live casinos, investments in sports betting, mobile gambling services, online casinos facilities, and the adoption of cryptocurrencies to enhance transparency in transactions. Additionally, investments in branded slot games, gambling services through smartwatch applications, offering offshore betting services, and keno games contribute to the dynamic trends shaping the gambling industry.