The global online gambling market size is expected to reach USD 277.55 billion by 2034, according to a new study by Polaris Market Research. The report “Online Gambling Market Size, Share, Trends, Industry Analysis Report: By Type (Sports Betting, Poker, Bingo, and Others), By Device, and By Region – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Online gambling refers to internet-based wagering activities, including sports betting, online casinos, poker, and emerging formats like eSports betting and virtual sports. Factors like regulatory developments and a secure environment for operators and players are propelling the online gambling market growth. Countries like the US and those across Latin America are witnessing substantial increases in online gambling revenue due to legalization efforts and the entry of international players. In regions like India, the easing of restrictions and the rising popularity of fantasy sports platforms have added to this momentum. These regulatory frameworks not only encourage responsible gambling but also attract investment and generate employment. As more countries adopt similar measures, the market is poised for continued growth, supported by improved legal clarity, consumer trust, and a broader player base worldwide.
The rapid expansion of internet connectivity, along with the widespread use of smartphones, plays a crucial role in accelerating market growth. Additionally, enhanced mobile technologies, such as 5G, have improved the user experience by enabling faster, smoother, and more interactive gaming sessions. Platforms such as Betway and 888 Holdings are witnessing a surge in mobile engagement, while region-specific games like Dream11 are gaining popularity. This mobile-first approach has emerged as a key growth driver. Improving digital infrastructure worldwide, especially in emerging markets, is expected to further contribute to online gambling market expansion by driving convenience, accessibility, and innovation.
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Countries like India, the Philippines, and Thailand are experiencing a rapid surge in online betting and casino game participation due to favorable demographics and growing access to digital payment systems. The region’s strong passion for sports, mainly cricket, football, and eSports, has further fueled the demand for online gambling. In India, platforms like Dream11 and MPL have seen exponential user growth due to the popularity of fantasy sports linked to real-time sporting events.
By Type Outlook (Revenue, USD Billion, 2020–2034)
By Device Outlook (Revenue, USD Billion, 2020–2034)
By Regional Outlook (Revenue, USD Billion, 2020–2034)