A year later, this figure jumped to $55.1bn and continued rising. In 2019, the entire industry grossed $45.7bn worldwide, according to a Statista survey. The entire industry has snowballed because online gambling is accessible, easy to start and offers a much wider range of games and betting options than most brick-and-mortar casinos. Online casinos and sports betting sites, virtually non-existent two decades ago, today bring billions of dollars in revenue each year. Revenue Grows By An Average Of 20% YoY The United States And The United Kingdom Are The Top Two Markets Despite the shocking cost gambling addiction has on governments and society, the entire market has multiplied over the past years.Īccording to data presented by, the online gambling industry has more than doubled in the past four years, reaching 176 million users and over $95bn in revenue in 2023.
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