Based on these statistics, Online gaming non-gambling has doubled the market share over online gambling, but will there come a time when online gambling can surpass the Online Gaming industry, given that over 60% of countries are banning gambling
Current Market Rankings (2024)
E-commerce: ~$6.3 trillion
Digital Advertising: ~$680 billion
Cloud Computing: ~$680 billion
Online Gaming (non-gambling): ~$250 billion
Online Gambling (iGaming): ~$100 billion
(Sources: Statista, Grand View Research)
What is the probability and the scenario that could make it happen?
I think it's unlikely that online gambling will surpass the non-gambling online gaming industry in revenue in the foreseeable future. There's a huge gap in the markets. After all, online gambling remains significantly smaller than the entire non-gambling industry.
And we need to keep in mind the legal barriers: the legal framework really does significantly limit the expansion of gambling. China, Germany, and France have strict regulations, and this limits its potential reach.
Therefore, I think the likelihood of such a scenario is extremely low. It would require unprecedented changes.