Wrapping Up iGaming Industry 2024

[RevenueLab]

Wrapping Up iGaming Industry 2024

As 2024 comes to a close, the iGaming industry has achieved remarkable results. Let’s dive into the key numbers and trends.

General Statistics for 2024​

The global gambling market in 2024 is estimated at $400 billion, with over half of this amount coming from Europe. The sports betting market alone has reached $155 billion.

Gambling also creates jobs: more than 1.6 million people worldwide are employed in this sector. However, gambling addiction remains a serious issue, affecting 1–3% of the adult population.

Gambling Revenue by Country​

USA​

The USA is the largest online gambling market. In 2024, revenues reached $24.98 billion, with $14.3 billion coming from sports betting. By 2029, the market is projected to grow to $39.81 billion.

Canada​

Canada’s market has shown excellent results with $4.19 billion in revenue for 2024. About 69% of the adult population plays online casino games. The market is expected to grow to $5.71 billion by 2029.

UK​

The UK remains one of the most developed markets. In 2024, revenues totaled $13.78 billion, with a projected increase to $16.46 billion by 2029.

Australia​

In Australia, 80% of adults gamble at least once a year. Online gambling revenues reached $4.93 billion in 2024, with $4.54 billion coming from betting.

Sports Betting​

Sports betting accounts for 30–40% of the global gambling market. In 2024, the market size reached $45.18 billion, with projections to grow to $64.82 billion by 2029. Key drivers include digitalization, mobile devices, and technology advancements.

Legalization of betting in several countries improves service quality, while illegal platforms remain a challenge in restricted regions.

Conclusion​

2024 marked a significant milestone for the gambling industry. Revenue growth and technological improvements continue to shape the market. Despite regulation challenges, the industry is poised for new achievements in 2025.