Online Gambling Market size is expected to reach USD 153.6 billion by 2030
Online Gambling Industry Overview The global online gambling market size was valued at USD 57.54 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 11.7% % from 2022 to 2030. The increasing use of mobile phones among users for playing online games in public places as well as in their homes, in addition to rising internet penetration, is propelling the market. Furthermore, aspects such as cultural and legal approval, easy access to gambling online, celebrity endorsements, and corporate sponsorships are also boosting the market growth. The market is likely to further expand owing to the availability of cost-effective mobile applications worldwide. The internet has become a universal medium for communication and facilitates merchants to provide their offerings in the digital marketplace. Due to increasing smartphone and internet penetration, the consumption of services on virtual platforms has increased. For instanc...