US Projected to Lead Global Online Gambling Revenue in 2024
The United States, now set to dominate the global online gambling market in 2024, with projected revenues reaching an impressive $23.03 billion. This figure represents a substantial 20.3% increase from 2023, marking the second-highest growth rate globally, only behind Brazil. The worldwide year-over-year revenue change stands at 12.9%, indicating that the U.S. online gambling sector is expanding approximately one and a half times faster than the global average.
Global Revenue Rankings
Following the U.S., the United Kingdom, now projected to generate the second-highest online gambling revenue in 2024, with an estimated $13.78 billion. Despite having the second-largest number of online gamblers, accounting for 27.9% of its population. Moreover, the UK’s revenue growth, expected to be a modest 7.4% in 2024. Furthermore, anticipated to have the fourth-lowest revenue growth rate between 2024 and 2028, at just 3.84%.
Australia ranks third, with expected revenues of $10.14 billion in 2024. Australia also has a significant number of online gamblers, with 21.1% of its population participating. The country’s online gambling revenue now projected to grow by 10.5% in 2024 and continue at a rate of 5.12% until 2028.
Japan and Other Leading Markets
Japan now forecasted to hold the fourth position, with an anticipated $6.19 billion in online gambling revenue for 2024. This represents a 12.7% year-over-year increase, just below the global average. Furthermore, revenue growth in Japan Statista expects to continue at an annual rate of 4.92% from 2024 to 2028. By 2024, it is projected that 7.9% of the Japanese population will engage in online gambling, with this number rising to 11.3 million individuals by 2028.
Additional Insights
Germany projected to earn the fifth-highest revenue from online gambling in 2024. Moreover, with $5.65 billion, despite only 10.4% of its population participating. Canada follows in sixth place with an expected $4.19 billion, boasting the highest percentage of online gamblers at 48.6% of its population.
France projected to generate $4.12 billion in 2024, placing it seventh. Its growth rate is relatively low, at 4.7% annually between 2024 and 2028. Italy comes next with $3.21 billion, seeing a year-over-year growth rate of 10.1% in 2024.
India, despite its large population, ranks ninth with $2.90 billion due to its low participation rate of 0.7%. Spain rounds out the top ten with $1.97 billion, expected to grow by 11% in 2024 and at a rate of 5.28% annually until 2028.
Future Outlook
The projections highlight the rapid expansion of the online gambling market, driven by technological advancements and increased internet accessibility. The significant growth in the United States, bolstered by regulatory changes and market demand, positions it as a leader in the global online gambling industry. Other countries continue to develop their markets, each contributing to the diverse and competitive landscape of online gambling.
For more detailed insights, the data emphasizes the importance of understanding regional differences in market growth and the potential for future investments in this rapidly evolving sector.
