iGaming Predictions: Trends for 2024-2029

As we approach the end of 2024, it’s time to assess global trends in the gambling sector. Here’s what we found…

🔑 Key Metrics:

Total revenue for 2024 is projected to reach $160.4 billion, with an anticipated rise to $183.3 billion in 2025 and $263.5 billion by 2029.

✔️ Growth Rates by Segment:

• Overall annual growth rate: +10.7%
• Casino: +11.8%
• State lotteries: +11.6%
• Bingo: +9.2%
• Poker: +7.2%
• Sports betting remains the largest segment, expected to grow by +10.8% over the next five years.

🌍 Income Distribution by Region in 2024:

• Europe: 40.4%
• Asia/Middle East: 24.8%
• North America: 21.2%
• Latin America/Caribbean: 5.9%
• Africa: 3.2%

Europe and North America are set to retain their dominant positions, while Asia and Africa are expected to experience continued growth.

🎰 Revenue Breakdown by Segment in 2024:

• Sports betting: 38.8%
• Casino: 32%
• State lotteries: 11.7%
• Horse racing bets: 11.5%
• Bingo: 2.6%
• Poker: 2.4%

The gambling industry is demonstrating consistent growth, particularly in sports betting and casinos. The market is projected to keep expanding in the coming years, especially in Asia and Africa.