The digital revolution has reshaped the gambling industry, leading to a surge in online gambling and mobile gaming. With numerous statistics illustrating this shift, the online gambling market has never been more interesting. Let’s delve into the worth, revenue, and size of the market, examining the trends shaping this industry.
The emergence of the online gambling market, highlighted by mobile gaming and interactive gambling, is driven by shifting consumer habits and progressive legislative changes. With laws loosening across several states in the US, the online gambling industry has seen a remarkable uptick in engagement and revenue.
Online casino statistics reflect this growth, as new gamblers flock to digital platforms. Here, traditional games like pokies or casino slots are reinvented for the modern player, boosting online gambling revenue significantly. Websites are becoming increasingly sophisticated, making the online gambling experience more immersive than ever.
It’s a whole new digital world for the new-age online gambler. Join us as we dissect the evolving trends, explore the growing market size, and evaluate the worth of this digital gambling revolution.
Editor’s Choice – Online Casino Statistics
- Global Online Gambling Projected to Reach $95 Billion in Revenue in 2023.
- United States Online Gambling Market Worth $9.3 Billion.
- US Online Casino Revenue Projected to be $10 Billion in 2027.
- US Online Casino Users Top 26 Million in 2023.
- 20% of People in the US Play Casino Games At Least Once a Month.
Top Online Gambling Statistics – Gambling Industry’s Worth
Let’s dive into the data, starting with a look at just how much the online gambling industry is worth.
Global Online Gambling Projected to Reach $95 Billion in Revenue in 2023
The global online gambling market is set for a significant upswing, according to recent projections. Online gambling revenue is forecasted to reach an impressive $95.05 billion in 2023, a stark increase from previous years. This bullish projection underscores the expanding popularity and acceptance of online gambling worldwide.
The global online gambling market doesn’t intend to rest on its laurels. Following the anticipated 2023 windfall, revenues are expected to continue climbing at an annual growth rate of 8.54%. This will result in a forecasted market volume of a staggering $131.9 billion by 2027.
Whether you’re looking at online casinos, online sports betting, or online lotteries, each segment shows robust growth, signifying a bright future for the online gambling industry.
United States Online Gambling Market Worth $9.3 Billion
In an insightful report by IMARC Research Group, the US online gambling market was valued at an astonishing $9.3 billion in 2022. This figure bears testimony to the escalating prominence and acceptance of online gambling platforms in the country.
The comprehensive market study covered all online gambling sectors in the United States including sports betting and casino games.
The surge in the popularity of online gambling can be attributed to its unique benefits that are reshaping the traditional contours of the gambling industry. The ability to perform cashless transactions, the flexibility to access various games through electronic devices, and the option to set customizable budgets – all these factors are contributing to the rapid ascension of online gambling in the United States.
Online Gaming Contributed to a Quarter of Total Gambling Revenue in the First Quarter of 2023
In the first three months of 2023, a seismic shift was noticed in the commercial gaming industry. Traditionally, brick-and-mortar casinos, including retail sports books, have enjoyed dominance, and this was no different in the first quarter of the year, making up 75.3% of the revenue from the commercial gaming sector.
However, online sports betting and interactive gaming (iGaming) are steadily chipping away at that dominance. Demonstrating an upward trend in market share, they accounted for a record-breaking 24.7% of the total commercial gaming revenue, raking in a cool $4 billion.
This significant growth underscores the continuously expanding market of online gaming within the United States.
This rise in the online gaming industry is not a sudden phenomenon. It follows a consistent growth trend from the preceding quarters of 2022: a 21% contribution in the last quarter (Q4), which in turn had risen from an 18% share in the third quarter (Q3).
This continuous surge indicates a fundamental shift in consumer behavior and showcases the escalating prominence of digital platforms in the commercial gaming landscape.
Interactive Gambling Gross Gaming Revenue Up 23% From Q1 2022 to Q1 2023
The American interactive gambling industry is celebrating a robust performance in the first quarter of 2023. According to the American Gaming Association, the sector’s Gross Gaming Revenue (GGR) has experienced a significant boost, rising by nearly a quarter from the same period in the previous year.
This upward trend is evident in the numbers. From Q1 2022 to Q1 2023, iGaming GGR has jumped an impressive 22.7%, reaching a notable $1.48 billion. The increasing popularity of online gambling platforms among American consumers is starting to reveal itself in the figures.
US Online Casino Revenue Projected to be $10 Billion in 2027
The U.S. online casino market is on a path of steady growth. Revenue projections are painting an optimistic picture for the industry’s future. By 2027, revenue from online casinos in the U.S. is forecasted to hit the $10 billion mark. That is a notable leap from the estimated $6.29 billion in 2023. This is according to a report from Statista Market Insights.
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This projected growth isn’t occurring in a vacuum. It’s driven by an expected annual growth rate of 11.75% from 2023 through 2027. The consistent upward trend over these years underscores the market’s resilience and the increasing popularity of online casinos among American gamblers.
There are Almost 5,000 Online Casinos and Gambling Businesses Worldwide
The global landscape of the casino gaming industry has been expanding with each passing year, and 2023 is no exception. In a recent report by IBISWorld, it has been disclosed that the number of casinos and online gambling businesses worldwide has reached an astonishing total of 4,792. This figure signifies a notable increase of 6.1% from the previous year, illustrating the remarkable growth trajectory of the online gambling market.
Reflecting on these online gambling statistics, it becomes apparent that the digital trend in the gambling industry is rapidly expanding.
With the proliferation of gambling websites, online casino revenue has seen a consistent upward trend, adding to the growing worth of the gambling industry. Internet gambling statistics have repeatedly underscored this digital surge, demonstrating the substantial influence of mobile and interactive gambling.
With nearly 5,000 businesses involved in the sector, it’s clear that the gambling industry is a bustling ecosystem. From digital platforms to brick-and-mortar casinos, each entity is playing a part in shaping the dynamics of global gambling.
The sheer volume of these businesses lends itself to the increasing popularity of online gambling, paving the way for a future where digital gambling continues to be a key player in the entertainment industry.
US Online Casino Users Top 26 Million in 2023
Another digital trend that shows just how big the gambling industry is and how the US online casino landscape is flourishing is the steadily expanding user base. According to Statista Market Insights, he number of online casino users in the US is estimated to exceed 26 million this year. This is one more statistic that demonstrates the widespread appeal of online gambling among Americans.
This rising trend is part of a larger narrative of steady growth. Starting from 6.46 million users in 2017, the user base has more than quadrupled in just six years. This can be seen as a testament to the rapid evolution of the online casino scene in the US.
This trend speaks volumes about the market’s potential, suggesting a bright future for the online casino industry in the United States.
iGaming Revenue Increased 23% Year-Over-Year in First Quarter of 2023
A digital trend that’s seen significant growth recently is interactive gambling. The casino gaming industry in the United States reported a healthy 22.7% increase in its revenue in the first quarter of 2023. The report by the American Gaming Association showed this figure was up compared to the same time period last year.
The industry saw revenues of $1.48 billion in the first quarter alone, as the soaring popularity of iGaming continues.
iGaming, or interactive gambling, is a broad term that includes all types of betting and gambling activities conducted over the internet. This digital trend shows no signs of slowing down and is expected to continue its growth trajectory.
As more people get comfortable with online betting, and as more states legalize this form of gambling, interactive gaming is expected to capture a larger market share in the casino gaming industry.
Casinos Paid $13.5 Billion in Taxes in 2022
The casino gaming industry has made substantial contributions to the U.S. economy, and recent online gambling statistics underscore this point. In 2022, casinos paid an impressive $13.49 billion in direct gaming tax revenue to state and local governments. This represented a 15.3% increase from the previous year, indicating a significant expansion in the online gambling market.
However, these figures only tell part of the story. The $13.49 billion does not include the numerous other taxes paid by the industry. Income taxes, sales taxes, corporate taxes, and payroll taxes paid by gaming operators and suppliers have all contributed to this total. Similarly, federal excise tax payments made by sports betting operators are not included in this figure.
Pennsylvania collected $2.2 billion, New York received $1.8 billion, and Nevada netted $1.15 billion in tax revenues. These numbers suggest a growing trend in digital gambling and paint an optimistic picture for the continued growth of the internet gambling market.
Gambling Industry Creates 118,700 Jobs, Expected to Increase 17% by 2031
The gambling industry isn’t just about big wins and entertaining games, it’s also a significant player in job creation. In 2021, the industry provided a livelihood for 118,700 individuals. This comes as per a report from the US Bureau of Labor Statistics.
The trend doesn’t stop here, though. Projections show that by 2031, the gambling industry will see a job growth rate of 17%, far exceeding the average growth rate of 5% for other industries. This rate signifies a growth trajectory three times faster than other sectors.
This rapid increase in job creation within the gambling industry reflects its growing influence and vitality. As more people engage with interactive gambling and online casino games, demand for services continues to rise. The result is an employment boom, adding another feather in the cap of this already flourishing industry.
The expansion is not limited to traditional brick-and-mortar casinos. The rise in mobile gambling and gambling websites has introduced new roles and opportunities, contributing to this rapid employment growth. The outlook for jobs within the gambling industry is bright as the digital trend is on an upward curve.
The casino gaming industry’s contribution to employment will continue to be a crucial part of its overall value in the years to come.
Online Gamblers in the US
Now, let’s take a look at what makes your average online gambler tick. We’ll take a deep dive into their preferences, their makeup, and how much they gamble.
3 in 5 Americans Prefer Online Gambling Over Brick and Mortar
One of the statistics that highlight the rapidly shifting landscape of the gambling industry is a recent report indicates that 3 in 5 Americans now prefer online gambling over traditional brick-and-mortar casinos. This is in line with the significant digital transformation that the industry is undergoing across the globe.
According to the International Gambling Report 2021, published by YouGov, approximately 58% of American gamblers who have experienced online platforms stated a preference for online gambling.
This shows a clear inclination towards digital platforms that provide a blend of convenience, accessibility, and a wide array of game choices, as opposed to the more traditional in-person casinos.
Interestingly, when comparing this trend globally, the average stands even higher at 63%, suggesting that the penchant for online gambling is not just a localized phenomenon, but rather a global trend. These statistics underline the shift in player behavior and preferences, with an evident tilt towards online avenues.
This may not only indicate the increasing acceptance and popularity of online gambling among American players but also hints at the challenges that physical casinos might face in attracting and retaining players in the coming years.
The rapid digitalization, enhanced by technological advancements and changing consumer habits, is continuously reshaping the gambling industry.
US Online Gamblers Younger Than Others Around the World
While the rest of the world exhibits a more evenly distributed age range in its gambling populace, the US demographic skews decidedly younger. This phenomenon may be tied to the existence of a thriving yet unregulated ‘grey’ or ‘black’ market for gambling, which, due to its covert nature, is difficult to accurately measure.
The presence of this largely unregulated market has potentially influenced the demographic pattern observed among legal online gamblers in the United States.
The regulated online betting and gaming industry is a relatively recent development in many states. Despite this, unregulated online gambling activities have been prevalent across the nation for several years. As a result, the age distribution of American online gamblers is notably weighted towards younger individuals.
More than half (52%) of online gamblers in the US fall within the 18-34 age bracket according to a report from YouGov.
A comparison of American online gamblers with the global average further highlights this trend. Of American adults who gambled online for money in the year leading up to the 2021 study, 38% were aged between 25-34, and 15% were aged 18-24. Globally, these age groups comprised 22% and 9% of online gamblers, respectively.
One-Third of Americans Say Their Preferred Games of Choice Are Online Slots or Online Casino Games
Another fascinating trend that is emerging in the digital gambling landscape is that a significant proportion of US gamers are showing a marked preference for online slots or online casino games. According to recent data, one-third of Americans have indicated that their preferred gaming choices lean towards these online alternatives rather than traditional forms of gambling.
The statistics, sourced from a 2021 survey of the most popular types of gambling in the United States, clearly highlight this shift.
Traditional lottery games still lead the pack with 37% of respondents participating, and betting in a physical casino follows at 21%. However, online games are quickly catching up. Specifically, online slots drew in 17% of respondents, while online casino table and card games attracted 15%.
These figures together represent a sizeable one-third of American gamers who prefer online slots (often referred to as ‘pokies’) or casino games.
As the online gambling industry continues to expand and innovate, it is increasingly offering an appealing alternative to traditional gaming avenues. The rise in the popularity of online slots and casino games not only demonstrates changing consumer preferences but also underscores the growing impact of digital transformation on the gambling industry.
20% of People in the US Play Casino Games At Least Once a Month
Recent survey data by Morning Consult unveils a remarkable insight about gambling habits in the United States: one in five Americans, or 20%, play casino games at least once a month. This figure includes both online and in-person gaming, showcasing the broad appeal of casino games among the US populace.
Delving deeper into the numbers, we see different frequencies of play. While a solid majority, around 60% of survey respondents, reported that they never participate in casino games, a noticeable portion of the population is indeed engaged. Specifically, 9% of respondents stated they bet on casino games at least once a week.
In addition, the survey uncovered that 11% of adults in the United States place bets on casino games at least once a month. This, coupled with the 9% who play weekly, represents a significant segment of regular players. Meanwhile, the remaining respondents, constituting 20% in total, reported playing less frequently.
75% of Online Gamblers Use Smartphones for Mobile Gambling
Mobile gambling has emerged as the go-to mode for online gamblers. And it’s smartphones that are the device of choice for the vast majority. According to The Pennsylvania Interactive Gaming Assessment: Online Gambling Report 2022 by The Pennsylvania State University, a resounding 75.5% of online gamblers have chosen to place their bets using their mobile phones.
This trend toward mobile gambling doesn’t come as a surprise, given the convenience and accessibility offered by smartphones. With most online gamblers, around 62.5%, reporting that they use a single device for their online gambling activities, it seems that smartphones have become the one-stop-shop for online betting.
These statistics demonstrate the central role that mobile technology plays in the modern gambling landscape. As smartphones continue to become more technologically advanced, their dominance in the realm of online gambling is expected to continue.
1 in 5 US Gamblers Staking Over $100 Per Month on Slots and Casino Games
The growing popularity of online slots and casino games is clearly reflected in recent casino statistics. A significant portion of US gamblers, one in five, are spending over $100 per month on these forms of entertainment according to a YouGov report. This trend represents a diverse range of bettors who engage in modest to high-stakes gambling, highlighting the wide appeal these games have for users.
The convenience and accessibility of online gambling platforms are contributing factors to these spending habits. Internet gambling statistics show that the ability to play anywhere, anytime is a major draw for many, encouraging users to invest significant amounts in their favorite pastimes. With the continual growth of the online gaming sector, these trends are set to continue.
High Earners Drive US Online Gambling Market
Online gambling in the United States appears to be a favorite pastime among high-income earners, according to recent findings by the National Council on Problem Gambling (NCPG). Interestingly, the data suggests that about 26% of individuals who earn over $100,000 annually participate in one form or another of online gambling.
This pattern extends to those within the income range of $75,000 to $99,999 per year, with a similar gambling rate of 25%.
In contrast, those in the middle income brackets have less of a penchant for online gambling. Only 20% of earners between $50,000 to $74,999, and 19% of those earning between $25,000 and $49,999 partake in online betting. Interestingly, the rate of online gambling witnesses a slight bump among the lowest income group, those earning less than $25,000.
Roughly Half of All Bitcoin Transactions are Related to Online Gambling
Cryptocurrencies have grown in popularity, becoming a key player in various online transactions. Among the over 8,000 types of digital currencies, Bitcoin stands tall, with an interesting trend appearing in the online gambling sector. Approximately half of all Bitcoin transactions are now connected to online gambling, according to a report by Get Set Before You Bet.
This notable uptick in Bitcoin transactions related to gambling can be linked to its decentralized nature. Transactions with Bitcoin are carried out on a peer-to-peer network, bypassing traditional banking systems. This gives users a perceived sense of anonymity, making it an appealing option for online gamblers.
This new digital trend is facilitated by the relatively low levels of regulation for cryptocurrencies, making offshore gambling transactions both more accessible and less easily traced.
COVID-19 has accelerated this shift, with the rise in digital gambling paralleling growth in cryptocurrency betting. This shift in the casino gaming industry has further fueled the significant increase in online casino revenue. The trend is clear – the presence of Bitcoin in the gambling industry is becoming more prominent, with online gamblers driving this change.
Other Internet Gambling Statistics
Finally, let’s end with a couple of fun facts as we take a look at some of the biggest players in the gambling industry and on the App Store.
BetMGM the Biggest Gambling Operator by Revenue in the United States
BetMGM is the leading operator in the US online gambling industry. According to the MGM Resorts and Subsidiaries 2022 Annual Report, the company solidified its standing as the leading sports betting and interactive gambling operator in North America.
In 2022, BetMGM reported approximately $13.13 billion in revenue. These impressive figures reflect the thriving online gambling market and the successful strides the company has made in this highly competitive field.
Furthermore, the online gambling statistics also show that BetMGM is strategically poised for future success. They project net revenue from operations expected to reach between $1.8 and $2 billion in FY 2023.
The digital gambling arena is dynamic and constantly evolving, but BetMGM’s ability to stay ahead of the curve showcases the strength of the brand in the online casino revenue landscape. As mobile gambling and gambling websites continue to shape the future of the industry, companies like BetMGM are setting new benchmarks in the casino gaming industry, creating trends that resonate with modern gamblers and contribute significantly to the growth of the gambling industry.
Coin Master and Bingo Blitz Top the App Charts in April 2023 Casino Game Revenue
April 2023 saw Coin Master dominating the casino gaming industry as the top-grossing casino game worldwide. With its enticing gameplay and lucrative rewards, Coin Master amassed over $61 million in revenue, primarily from in-app purchases according to mobile market intelligence tool, AppMagic.
The game’s popularity reflects the broader trends in the thriving online gambling market.
Bingo Blitz trailed closely behind as the second-highest-grossing casino game, generating $19.38 million in in-app purchase revenues. The game’s success underscores the growing popularity of digital gambling and interactive gaming experiences.
This surge in mobile gambling revenue reveals the increasing appeal of engaging, immersive casino games that offer the excitement of real-world gambling from the convenience of users’ devices.
- American Gaming Association
- Before You Bet
- Business YouGov
- Get Set Before You Bet
- IMARC Research Group
- MGM Resorts and Subsidiaries 2022 Annual Report
- Morning Consult
- National Council on Problem Gambling (NCPG)
- The Pennsylvania Interactive Gaming Assessment: Online Gambling Report 2022
- Statista Market Insights
- U.S. Bureau of Labor Statistics