It goes without saying that the online gambling industry has grown exponentially over the past few years.
As more and more people join the world of online betting, more operators continue to emerge, leading to the ever-increasing numbers in the industry.
In this article, we will look at the exuberant numbers in the online betting world and translate them into comprehensive and easy-to-understand information.
We have broken down all the crucial facts and put them into bite-sized portions so you can consume them at your leisure, from the industry’s financial might to player particular habits.
Numerical data pervades every aspect of gambling, from a poker player working out their chip equity, a roulette player calculating their odds of winning, or an operator presenting their recent revenue report.
To get the most of your game, it is vital to have a grasp on the numbers.
The world of online gambling
The world of online betting is experiencing massive transformations, positioning it to thrive in the years ahead.
The market is currently valued at $67 billion and is expected to attain a value of $93 billion by the end of 2023, rising at a rate of around 11.5 percent each year.
Two trends are driving this industrial expansion. To begin with, more of our activities are occurring on the internet, a trend that also includes betting.
The second step is relaxed regulations. In May of 2018, the United States Supreme Court upheld the Professional and Amateur Sports Protection Act, making sports betting lawful in federal states.
Ever since, more than two dozen states (including Nevada) have followed suit, bringing the total number of states to 25. And this is only in the United States!
What are the most popular online betting activities?
Betting on the internet is divided into a few distinct categories. Internet casinos, like Zodiac Casino and Yukon Gold Casino, form a large part, accounting for 32% of all internet wagering activities.
Traditional casino games like blackjack look to provide the same excitement when played on the internet.
However, the popularity of Bingo is far lower, at only 4.5 percent.
However, sports betting is by far the most popular activity, accounting for more than 40% of the whole online betting sector, representing $66 billion.
The following table shows the popular internet gambling activities and their market share.
| Type of online gambling activity | Market share (%) |
| Sports gambling | 40.3 |
| Online gambling platforms | 32.1 |
| Lottery | 13.2 |
| Poker | 6.1 |
| Bingo | 4.5 |
| Skill gaming/other | 3.5 |
The online gambling industry on an individual scale
When it comes to internet betting on a state level, Australian gamblers are now in the lead. Aussies bet more than $916 per player in 2014, with Singapore gamblers coming in second with $891.16.
Singapore just recently authorized online gambling, so the high per-capita expenditure is not surprising.
Despite being the home of Las Vegas, the United States comes in third place with $505.44 per capita, followed by Ireland with its liberal attitude towards gambling with $490.39.
The United Kingdom, which has legalized both land-based and internet gambling and has one of the world’s most prestigious licensing systems, is in last place at $377.83.
Malta is another intriguing entry in the top ten list of prominent online gambling jurisdictions. The little Mediterranean island has a small population, yet one of the world’s highest per-capita losses.
Malta is a well-known gambling jurisdiction as it is host to several of the world’s most well-known and reputable online casinos and affiliates.
Conclusion
The virtual gaming sector is now booming, as seen by the data provided above.
The number of people betting is certainly on the rise, from live dealer casinos in Canada to Spain’s internet economy
Even though the global crisis and regulatory difficulties have slowed the growth of the gambling sector in recent years, the overall balance sheet remains positive.
Indeed, as we move forward, technological advancements such as live dealer games, mobile casinos, and, perhaps, virtual reality are assisting in driving annual revenue to new highs.
So, whether you are a provider, a gambler, or just someone who likes numbers, the gambling business continues to demonstrate that it is one of the world’s most robust entertainment industries.