The Numbers Game: Interesting Statistics in Online Gambling
The online betting sector has been growing fast over the last five years. Inventors have scaled the rate of releasing new technologies which have positively impacted virtual gambling. Statista reports that the sector has been growing by 20% per year since 2019. In Canada, research shows 63% of males and 57% of females gamble. Here are fascinating online gambling stats.
- 1. Global gambling revenue
Globally, online gambling had a market value of $56612 million in 2021. Since then, it has been growing at a CAGR of 11.03%. It is expected to hit USD 95.05 billion in 2023 and 153 billion by 2030 (Straits Research).
Online casinos have been performing better but they are yet to overtake land-based casinos. The growth in Canada is expected to reach 46.8% (Statista).
Land-based revenue grew to USD 589 million in 2023. Total gamblers increased but individual spending dropped to USD 12.09. (Sigma World).
Casino revenue records attract more players into gambling. They sign up new accounts with different platforms. Some offer verified casino bonuses of up to $3,900 to attract customers. The bonuses may include free games. Their benefits include an increased chance of winning and a head start if you have a limited budget.
The fast growth can be attributed to technology penetration and the growing game varieties. Online casinos do intensive marketing and develop attractive gambling apps. Nowadays, more young people including women join gambling.
- Player demographics
Play Today statistics show that 69% of men in America gamble. In the US, 36% of females gamble.
In Canada, 64.5% of the population gamble (Statistique Canada). 47.3% gamble online while 53% combine online and offline.
Globally, 80 million people began to gamble online in 2023 pushing the total number of online gamblers to over 176 million.
Trends have been changing with people in the 24 to 34 age bracket gambling the most. Next in the line is the 35 to 44 bracket and then those in the 45 to 55 bracket. The younger generation is gambling more due to tech savviness and education.
- Mobile gambling on the rise
Free-to-play mobile games increased by 85% in 2022.
Mobile gambling in Canada will grow to USD 50 billion by 2031. (Play Today)
At the global level, it will grow to USD 173.877 billion by 2032. (Market Research Future)
84.4% of gamblers in Canada use mobile phones to play. (Yahoo Finance). Globally, the number stands at 64%.
Casinos that offer mobile gambling allow customers to use various online payment methods and start betting. One of the popular methods allowed is e-checks. Players can deposit e-checks and enjoy free spins, cash bonuses, double deposit bonuses, or free spins + cash bonuses. You can and learn the options you have including the bonuses you can get. Seeing the popularity of e-checks because of the convenience, low-processing fees, security and faster processing, Canadians love using them. In both the US and Canada, e-checks have become a popular mean of transactions in last few years.
The rise of mobile gambling is significantly driven by technology. Casinos use AI to gather data and get insights into gambler behavior. They use the data to create personalized games that serve their preferences. They create intuitive platforms that attract gamblers.
- Most popular game
Globally, about 155.3 million people bet online which accounts for 9.6% of all gamblers. The figure stood at 134.6 million in 2021 and grew by 15.38% in 2022 to stand at 108.9 million. (Play Today)
Online sports betting is the most popular with USD 95.05 million in revenue in 2023. It is followed by online casinos with USD 43.55 billion. Behind is the online lottery with 16.70 billion. (LinkedIn)
Online slots remain the most preferred game. It is followed by sports betting, poker, lottery, and Bingo. (Casino.org)
- Jackpot payouts
Many people have won huge amounts in different Jackpots around the world. Recent stats include the following.
Winning a jackpot means a lot to players. It changes their lives for good and some quit their jobs to start a new life. Some winners have narrated how they bought a new home, and car, and invested in business.
- Responsible gambling statistics
Assisting individuals in reducing the detrimental effects of gambling is the aim of responsible gambling programs. It raises awareness while examining player protection. In British Columbia, for example, there is an initiative that looks for indicators of addiction and provides victims with free support.
According to a B.C. study report, 3.3% of players may develop an addiction. Most people who are impacted receive care. Casinos have initiatives in place to encourage responsible gaming. They offer resources and information about where to find assistance. Employees are trained to recognize impacted gamers and assist them in resolving the issue.
- Regulatory impact
Rules maintain equity and safeguard consumers. They aid in enhancing economic expansion and deterring illegal activity. While preserving data, it draws investors and fosters player trust. Online attacks against gaming companies increased by 260% between late 2021 and early 2022.
Recent significant cyberattacks forced 14 Canadian online casinos to suspend operations (CentriPetal). Online gambling sites have implemented stringent safeguards for customers with the assistance of regulators.
- Online gambling market share
At the close of 2023, the U.S.A. will have the greatest casino business worldwide with a value of $16.150 billion. At 46.8%, Canada has the greatest user adoption rate. Italy is at $4.51 billion while the UK is at $12.48 billion. Australia is at $6.55 billion. Among the top enterprises are:
- Bet 365.
- Betsson AB.
- Sportybet.com.
- Hollywoodbets.net.
- Xoso.com.vn.
- DraftKings.
The online betting landscape is changing with new trends coming up. Sports betting and e-sports seem to rise in popularity. Other trends include football, basketball, and horse racing.
