Online gambling is one of the most promising branches of the European and global economy. People who play regularly feel it but this is also clearly confirmed by all available statistical data. The development pace of the online gambling sector remains at a double-digit level: this was also the case in 2023. At the same time, the number of available online casinos and, of course, the number of active players are also growing.
The intensive development of the sector itself is increasingly accompanied by the evolution of regulations governing the online casino market. More countries are introducing new regulations or amending existing ones, usually in a liberal direction. One of the most interesting and dynamic markets is the Canadian industry. In Canada, e-gambling has gained enormous popularity some time ago. There are also plenty of highly reputable Canadian online casinos, which players can check at gamblizard.ca, which is a universal source of knowledge about online real money games in Canada.
2023 for online gambling in numbers
2023 is showing an increase in the global online gambling sector by as much as 13.70%. Compared to 2022, this means not only maintaining the previous pace but even slight acceleration. Moreover, it is expected that the growth dynamics will be maintained in the coming years. In other words: by 2030, the global online real money gaming industry, which includes real money online casinos, should increase its revenues by approximately 100%!
It sounds amazing, but it is already estimated that the value of the global online gambling market is over 100 billion USD. By 2028, this amount is expected to increase to 144.74 billion USD.
This is also visible in local markets. For example, in the UK, the percentage of regular players who chose online casinos in 2017 was 0.7% of the entire population. Currently, it is estimated that it reached 1.2% of all British adults.
As for Poland, which is a particularly interesting case, 5.5 million people currently admit to regular use of online betting, while the population of the entire country with the capital in Warsaw is less than 40 million. This is even more extraordinary because Polish gambling regulations are particularly restrictive, so Polish players usually have to play in foreign online casinos. This shows how much clout modern e-gambling websites have. It is so large that countries that do not want to amend their regulations are missing out on a huge potential revenue.
Another important example is the United States, the true cradle of traditional land-based gambling. Even though there is no data on the exact number of players, we know from survey information that as many as 21% of Americans who choose a real money online casino are aged between 45 and 54 (the average age of players in other countries is much lower). 19% are people between 35 and 44 years old.
At the same time, the development can be seen in what is happening inside the largest and most important organizations dealing with the licensing and certification of online casinos. Although Malta Gaming Authority licenses, eCOGRA or GLI certificates are particularly demanding and difficult to obtain, in 2023, another several dozen online gambling platforms managed to obtain at least one of these prestigious “quality marks”.
There is one more important thing that gives bright prospects for the global online gambling sector in the coming years. While until now the global epicenters of e-gambling were primarily Europe and North America, we can see the presence of a new, powerful player – Latin America. The number of players in countries such as Brazil and Mexico is growing at an avalanche pace, and these are huge markets and powerful economies.
Another manifestation of the success of online casinos is the growing awareness of players and the increasing level of general interest in the topic of real money games on the Internet. There are numerous valuable websites with reviews, guides, and rankings. They offer high-quality content, created only by people who really test games and casinos and are usually players themselves. There is also a growing number of interesting podcasts about gambling. And let’s not forget about the dynamically growing number of blogs and various types of materials posted, for example, on YouTube.
It seems that only a real cataclysm could stop the further development of online gambling in the world. The information from players is clear and unambiguous: an increasing number of people want to relax and win money using offers of modern e-casinos. The demand for the services of good gambling platforms is already huge, and it will grow even more in the coming years. Casinos simply respond to players’ needs. At the same time, gambling sites are offering more sophisticated marketing strategies, designed to attract players’ attention. This factor also strongly drives the market.
All this is facilitated by legal changes that we see in an increasing number of countries. More sensible governments have rightly concluded that, rather than completely criminalizing online real-money gaming, it is much better to introduce regulations to the sector and provide additional safety for players. Germany is a perfect example here: on the one hand, the law imposes a number of obligations and restrictions on online casinos. On the other hand, websites that meet these requirements will have unrestricted access to the huge market of one of the richest economies in the world.