How Big is the online gambling industry today?

[Reid]

The global online gambling market size was valued at USD 63.53 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 11.7% from 2023 to 2030. The growing internet penetration and rise in the use of mobile phones among users for playing online games is increasing the demand for online gambling. For instance, in 2022, internet penetration in the U.S. was 92% of the country's total population. Furthermore, cultural and legalization approval, easy access to online gambling, celebrity endorsements, and corporate sponsorships are also helping market growth.

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Based on type, the global online gambling market is segmented into poker, sports betting, casinos, and others. The sports betting segment is expected to gain a substantial market share in the forecast period due to the growth of the sports betting industry driven by the effective use of computers and cell phones to place wagers on sporting events.

Source

When you summarize it, it all goes down to the "easy access" of the gambling sites in the world.
Cell phones/smart phones - If there is no application available for the gambling site, you can always use the browser of phone instead, if it won't work in mobile view then, you can use other browsers that have the feature of "desktop view". It's actually easy nowadays to create a solution for small problems like this.
Desktop/Laptops - According to ACS (American Community Survey) 89 percent of household today have a desktop or a laptop in their place. Internet connection is not a problem anymore because they are offering cheap prices for 10-25 mbps speed. Gambling sites doesn't need a super speed internet just to access it, most of them are text-based websites so loading a page won't be that long.

Marketing - We can now see celebrities endorsing the gambling sites. Even our heroes in the sport can now be paid to put the name of the gambling site in their shirts or jerseys or if they want more money, they can use their tongue and say the name of the site. Sponsorship. Every time we watch a sports event, any sport, you name it, we see their names being flashed on the screen.

According to the articles shared, sports betting will have the highest market gain in the next few years.
What do you think?

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[Kemarit]

Not surprised by the statistics and the numbers, I mean even before the pandemic online gambling industry is booming. But during the Covid-19 lockdowns, every gambler stays at home and obviously they can still continue to do their gambling activity when mobile devices such as cell phones, PC/Laptop and tablets.

And in this community alone, we have seen a boom as well with gambling related signature campaigns that even OG bookies like Stake still doing their promotions here. And the numbers might continue to grow as well in the next 5 years or so. So you don't need to go out and enter a traditional base casinos', you can just play at the comfort of your living room like everyday.

[rdluffy]

It is quite remarkable how much the industry has reached people who were not betting
Here in my country the marketing of these companies is agressive, in national championship you see the betting companies advertising in every stadium, and most clubs already have a sponsorship from a betting company
I also see a lot of advertising on TV, where some famous ex-player makes the announcement.

And it's working, because close friends and even family members come to tell me that they are betting
At least in my circle of friends, 100% bet on their cell phones and on soccer events

It has generated so much revenue, that the government is already making a new law to tax a part of this profit of the bookmakers.

It is quite interesting this phenomenon, because until some time ago I was practically the only one who bet and I didn't know anyone else personally who liked it, and most people thought it was a scam, but the fact of seeing companies with their name printed on the shirts of teams, and famous people advertising, people already think it is safer.

[bangjoe]

Not surprised by the statistics and the numbers, I mean even before the pandemic online gambling industry is booming. But during the Covid-19 lockdowns, every gambler stays at home and obviously they can still continue to do their gambling activity when mobile devices such as cell phones, PC/Laptop and tablets.

And in this community alone, we have seen a boom as well with gambling related signature campaigns that even OG bookies like Stake still doing their promotions here. And the numbers might continue to grow as well in the next 5 years or so. So you don't need to go out and enter a traditional base casinos', you can just play at the comfort of your living room like everyday.

Developments that are so massive for online gambling because it is easy to do gambling, especially ordinary online gambling, I have paid attention to my environment, on average, from the community I already know online gambling and try it, and it touches to remote areas in my country.
By using the ease of transactions to make a deposit today faster.

Of course, if the technology is more advanced, the easier it is to do gambling, and certainly large gambling will continue to touch where people can gamble, including in every large community.

[Hispo]

Very impressive numbers in need, considering how fast this industry has grown since the 2010s, while smartphones got more available. This makes me wonder something though.

If online casinos and gambling on electronic devices have proven to be such a success, does that also mean that classical brick-n-mortar casinos have also their on online varians to offer their services worldwide?

I ask because I have not seen any advertisement in the Bitcoin gambling community asking people to check some platform by the most famous casinos in Las Vegas, for example, the Golden Nugget.

They decided not to go for this new market or I have not heard about them because they only deal with FIAT and are restricted to the USA market?

[Helena Yu]

Many people are really interested with gambling, with the existence of online casino, many people can access and gamble without need to worry if someone who has close relationship with him e.g. family, friend etc know if he's a gambler because some people still think gambling is bad.

I think the trend will keep continue and no one can stop it, even one casino collapse or scam, there's always an another alternative.

[aioc]

According to the articles shared, sports betting will have the highest market gain in the next few years.
What do you think?

It is, the world is united because of the internet, so we have people easily accessing the internet through their handheld devices like cellphone and laptops the sports industry is growing because of advertising, and people can see the hype created by the sporting industry, you combine all of this and we have an industry making a huge impact in their profit.

The gambling industry is a multi-billion industry and the competition is very stiff that big corporations are making their bet in the gambling industry, this figure could double in the next five years.

[rhomelmabini]

According to the articles shared, sports betting will have the highest market gain in the next few years.
What do you think?

I agree to this article but I think what should be more to be improved and strengthen is security and privacy. Internet is getting vast and there will be too many risks as well on security considering it's all online of accounts and most gamblers do tend to stay there money on their accounts.

[Eternad]

According to the articles shared, sports betting will have the highest market gain in the next few years.
What do you think?

It’s really possible since the Covid-19 opens up the way for people to have an easy access on sportsbook compared when they are placing bets in IRL bookies. Sports betting is already popular even when online casino is not yet popular. People love sports while having an easy access on sportsbook while watching sports on TV will be a perfect match.

But I think live casino and slots will be having a momentum same as sportsbook in the next few years since they are the fast phase games which many gamblers typically wants. I believe sportsbook will become trending first followed by slots then last is live casino.

[maydna]

What is certain is that the gambling industry is now bigger than a few years ago, especially with crypto casinos that make it easy for gamblers who want to gamble by hiding their identities. People can gamble using the many devices they have and they can even gamble by secret, making it easier for people to gamble. That also makes the gambling industry big because the number of people who gamble is increasing and the money owners see it as a good opportunity to create a new casino that can provide the best service for gamblers.

[swogerino]

It is crazy big,that is a sure thing,I know the most reputable crypto casinos give up to near 1 million dollar in bonuses to their loyal players during peak periods with Christmas being the biggest of all of them.The number of people with access to crypto and internet is on the increase and this can also be seen and translated into much bigger money that flows in rather than people withdrawing which is money that flows out of a casino.Based on the above facts things will only increase and the online gambling industry will keep growing and growing.

[Yogee]

We already have an idea about the rise of online gambling and sportsbetting but it's still nice to have real numbers to back up the claim. It's inevitable so I do hope each country will have better or updated regulation for online activities and implementation to catch up with the trend since bad actors will surely take advantage of this.

[Cantsay]

The stats is only just beginning,  with the look of things I'm sure the usage of online gambling will continue to rise most especially now that everyone knows the good aspect and how beneficial it could be to use online gambling platform.
Although,  most people were really skeptical at first but had no other choice but to start using it because of covid-19 restriction of movement.

It would be really interesting to see what this numbers would look like in five years; if there will be a downward trend or if it will continue in this same upward movement.

[piebeyb]

Very  ;)big from time to time because they make it easy for people to gamble through online gambling compared to live gambling, that's why many beginners from young people who are even underage can also play gambling at online casinos, see the future online casinos will always be widely used by many people to get easy money so that this trend will continue for the next few years.

I see this from the existing trend that many online casinos currently circulating either support crypto payments or not because there are some of my friends who gamble actively online instead of gambling in live or land gambling, that's why I think online gambling will continue to be popular and this industry is huge.  

[lizarder]

Marketing - We can now see celebrities endorsing the gambling sites. Even our heroes in the sport can now be paid to put the name of the gambling site in their shirts or jerseys or if they want more money, they can use their tongue and say the name of the site. Sponsorship. Every time we watch a sports event, any sport, you name it, we see their names being flashed on the screen.

According to the articles shared, sports betting will have the highest market gain in the next few years.
What do you think?

For online gambling, it's easy to access using both cellphones and laptops and the internet doesn't require a certain speed for people who want to place bets. At present the support for gambling sites is so widespread and nothing is more difficult to access because support resources have been fulfilled and even during a Pandemic people can sit at home while placing bets on gambling sites. Celebrities are the most reliable place for promotion because they have a large following under their name, so companies are starting to see their marketing potential.

The trend of online gambling will expand and this is in line with the wishes of many people, because when they want to gamble, they don't need a third party as a link and they can freely gamble without being known by many people. I see the Asian region especially for online gambling is expanding and many celebrities have taken part to promote certain sites.

[Jating]

According to the articles shared, sports betting will have the highest market gain in the next few years.
What do you think?

I agree to this article but I think what should be more to be improved and strengthen is security and privacy. Internet is getting vast and there will be too many risks as well on security considering it's all online of accounts and most gamblers do tend to stay there money on their accounts.

Everything has it's risk, even if you play on offline base casino, there could be security issues as well. Just like if you let your money sit in exchanges, maybe if the exchange were hack or your accounts be compromise, you will lose your money there. The discussion is about how the gambling industry has grown tremendously.

Just like you, you are carrying a crypto related signature here, so in a nutshell you are also (and most of us here), are part of the gambling industries huge growth. And we can see that we also on sports betting here, at least majority of us follow certain sports. And then the games that we love to play, slots, baccarat, black jack and others. So it is really a thriving industry and it's one of the first use case for bitcoin.

[Merit.s]

Covid-19 pandemic fueled the rate of online gambling because most person were with their smartphone locked down idle at home. There was no way people will stay idle without having fun,this made so many people went into online gambling the more and after they saw the easy accessibility and company it gives,they never want to stop. The rate of which people gamble is increasing annually, so this information isn't a surprise to me. Smartphone has contributed a lot to the increase of online gambling because it is more convenient and can be accessible anywhere and  anytime,without showing concern of the person you are with. Gambling is part of the world daily activities and more people are getting involved in it everyday by day with the help of online casinos

[coin-investor]

What brings this all together? of course, the human desire to have fun and to take a risk for big profits, and technology make it easy for all of us to access this that will realize our desire to be entertained and to make a profit which is the gambling platform, this is expected and will continue to grow, there are markets and there are demands, people wants a stress reliever and the gambling platforms are considered to be one of the top stress relievers.
It's hard to stop people from their natural urges even the pandemic did not stop people from doing what they love doing because of easy access.

[Yatsan]

I'd say huge and becoming bigger each and everyday. One factor which made its emergence faster is accessibility which is more convenient in comparison with land based casinos. Also with cryptogambling, it gives accessibility to countries wherein there are restrictions to such activity, as long as the gambling server won't be prohibited. Another as in line with convenience is being easily accessed to whenever time is preferred by the player. Many online gambling platforms are continuously appearing because of the increase with the number of players nowadays. Gambling games are also evolving from the traditional ones, which is a sign of development as well.

[uneng]

According to the articles shared, sports betting will have the highest market gain in the next few years.
What do you think?

I agree with that, because the gambling industry is under constant movement. Before we didn't hear about sports betting like we hear today. It was like games were more restricted to traditional casino's categories, like roulette, slots, blackjack, plinko and dice. Even in crypto industry it was a noticiable reality about 7-8 years ago, since we had many casinos, but didn't have sports betting as a hot topic yet.

Then slowly gamblers started switching to sports, probably due to the belief they have superior winning chances when predicting events' results, instead of playing against the house on table games.

The tendency is that sports betting gets more popular yet, however I must say it won't last forever. After the currently hype another one will come in gambling industry and I guess it will be related to video-games.