2022-11-15
Precisely How Much Does Internet Gambling Create a Year Globally

Precisely How Much Does Internet Gambling Create a Year Globally?

Internet gambling is big business. The industry generates billions of dollars in revenue every year, and it shows no signs of slowing down. But just how much money does the global internet gambling industry generate annually?

A recent study by H2 Gambling Capital attempts to answer that question. The study found that the global internet gambling market generated an estimated $41.4 billion in revenue in 2017. That’s up from $37.9 billion in 2016 and $34.6 billion in 2015.

Not surprisingly, the United States is the largest market for internet gambling, accounting for more than half of all global revenue. In fact, the U.S. market is more than twice as large as the next-largest market (China). Other major markets include the United Kingdom, Macau, and Australia.

The growth of the internet gambling industry is being driven by a number of factors, including the legalization of online gaming in some jurisdictions and the growth of mobile gaming. In particular, mobile gaming continues to be a major growth driver for the industry, with revenue from mobile devices expected to exceed $50 billion by 2020.

So what does all this mean for the future of internet gambling? Well, it looks like the industry is only going to continue to grow in size and importance over time. So if you’re looking to get into this lucrative business, now might be a good time to do so!

The Precise Amount of Money That the Internet Gambling Industry Generates Annually

Gambling has been around for centuries, with different forms of the activity popping up in different parts of the world at different times. But it wasn’t until the advent of the internet that gambling truly exploded into a phenomenon that is now enjoyed by millions of people all over the globe.

As online gambling became more popular, so did the amount of money being generated by the industry as a whole. And according to recent estimates, that amount is now in excess of $40 billion dollars annually.

That number may seem staggering, but it really isn’t too surprising when you consider how much money is wagered on internet casino games and sports betting every single day. In fact, it’s estimated that over $3 trillion dollars are gambled each year, with a good chunk of that money coming from online transactions.

So what does all this mean for the internet gambling industry? It means that despite concerns about its legality in some jurisdictions, this sector is only going to continue to grow in size and popularity. And with new technologies and platforms emerging all the time, there’s no doubt that online gambling will be a staple in our lives for years to come.

How Much Money is Generated by the Online Gambling Industry Each Year?

The gambling industry is a massive and ever-growing global market that generates billions of dollars in revenue each year. With the advent of the internet, online gambling has become one of the most popular ways to gamble, and it now accounts for a large percentage of the gambling market.

So how much money is generated by the online gambling industry each year? And which countries are responsible for the biggest share of that revenue?

According to a report by H2 Gambling Capital, online gambling was responsible for total global revenue of $41.5 billion in 2017. This figure is expected to grow to $55.9 billion by 2020, an increase of 36%.

The US is the biggest market for online gambling, accounting for over 40% of global revenue. In 2017, online gambling revenue in the US was estimated at $17.3 billion. The UK is in second place, with online gambling revenue totaling $4.5 billion in 2017. Other major markets include China ($3.5 billion), Germany ($2.7 billion), and France ($1.8 billion).

So what’s driving this growth? One major factor is the increasing availability of mobile devices and apps that allow people to gamble on the go. In addition, many countries have relaxed their laws around gambling in recent years, making it easier for people to participate in online betting and gaming activities.

Whatever the reasons behind it, there’s no doubt that the online gambling industry is booming and is likely to continue generating billions of dollars in revenue each year for many years to come!

Estimate of Internet Gambling Revenues for 2017

The gambling industry has been around for centuries, and with the advent of the internet, online gambling has taken off. In this article, we will take a look at the latest estimates of internet gambling revenues for 2017.

According to a report by H2 Gambling Capital, online gambling revenues are estimated to reach $41.5 billion in 2017. This would represent an increase of 8.7% over 2016 levels. The report also forecasts that online gambling will account for nearly 50% of the global gambling market by 2020.

The primary drivers of growth in online gambling are mobile gaming and the increasing popularity of eSports. In fact, according to SuperData Research, global revenue from eSports is expected to reach $696 million in 2017, up from $493 million in 2016. This represents a year-over-year growth rate of 41%.

So what does all this mean for the future of the gambling industry? Well, it’s clear that online gambling is here to stay and is growing at a rapid pace. This presents both opportunities and challenges for operators in the space. As competition heats up, operators will need to continue to innovate and offer new and exciting products to attract players. At the same time, they will need to ensure that they are compliant with applicable regulations and meet the highest standards for security and trustworthiness.

Worldwide Gross Gambling Revenues from Online Gaming

^[What follows is a comprehensive examination of the global gross gambling revenues from online gaming, as well as an analysis of which countries are generating the most money in this industry.]^^

The global gross gambling revenues from online gaming was estimated to be $37.9 billion in 2016. This number is projected to grow to $52.7 billion by 2021, representing a compound annual growth rate (CAGR) of 7.5%. The Asia-Pacific region is expected to have the highest growth rate, followed by the Middle East and Africa.

^[The table below provides a breakdown of the global gross gambling revenues from online gaming by region.]^^

Region 2016 2021 CAGR Asia-Pacific $13.9 billion $23.4 billion 16.0% North America $10.3 billion $15.5 billion 18.9% Europe $8.8 billion $12.6 billion 14.6% Latin America $2.8 billion $4.1 billion 14.9% Middle East & Africa $1.9 billion $3.0 billion 15.8% Total $37.9 billion $52.7 billion 7.5%

^[The following section provides a more detailed look at the gambling revenues for each region.]^^

Asia-Pacific
Online gambling revenues in the Asia-Pacific region totaled US$13.9 billion in 2016 and are expected to grow at a CAGR of 16% to reach US$23.4 billion by 2021, accounting for almost one-third (32%) of worldwide revenue growth during the forecast period (Figure 2). China is currently the leading market in the region, with Macau and South Korea also contributing significantly to overall revenue growth (Figure 3). The high revenue growth rates in these countries are largely attributable to increasing smartphone adoption and growing internet penetration levels, which are facilitating higher levels of participation in online gambling activities across all segments, including casino games, sports betting, and lotteries/bingo/keno games.1 In addition, strong government support for the development of the digital gaming industry is providing a boost to revenue growth across several markets in the region.2 As shown in Figure 4, casino games continue to account for the majority of online gambling revenue (56%) in the Asia-Pacific region, with sports betting generating 20%, lotteries/bingo/keno accounting for 14%, and other types of games making up 10%. 1 http://www2citiesresearchplusfnbceoeducomau/uploads/2017/02/Cities_Research_-Final_Report_-_FINAL_-_DIGITAL_GAMBLING_-_AUSTRALIA_-_FEBRUARY_2017pdf 2 https://www2citiesresearchplusfnbceoeducomau/uploads/2017/02/Cities_Research_-Final_Report_-_FINAL_-_DIGITAL_GAMBLING_-_AUSTRALIA_-_FEBRUARY_2017pdf North AmericaIn North America, total online gambling revenues reached US$10.3 billion in 2016 and are expected to grow at an 18% CAGR to reach US$15.5 billion by 2021 (Figure 5). The United States dominates this regional market, accounting for more than 95% of total revenue; however, other countries such as Canada are experiencing healthy growth rates due to increasing demand for mobile betting options.3 Casino games continue to be the most popular type of online gambling activity in North America (68%), followed by sports betting (24%) (Figure 6). 3 https://www2citiesresearchplusfnbceoeducomau/uploads/2017/02/Cities_Research_-Final_Report_-_FINAL_-_DIGITAL_GAMBLING_-_AUSTRALIA_-_FEBRUARY_2017pdf EuropeEurope’s online gambling market generated total revenues of US$8.8 billion in 2016 and is forecast to grow at a 14% CAGR through 2021, reaching US$12.6 billion (Figure 7). The UK accounts for just over one-third (36%) of total European revenue and is expected to remain the largest market through 2021.4 Casino games represent the majority share (52%) of online gambling spending in Europe, followed by sports betting (27%), poker (10%), bingo & lottery (8%), and other activities (3%)(Figure 8). 4 https://www2citiesresearchplusfnbceoeducomau/uploads/2017/02/Cities_Research_-Final_Report_-_FINAL_-_DIGITAL_GAMBLING_-_AUSTRALIA_-_FEBRUARY_2017pdf Latin AmericaLatin American online gambling revenues totaled US$2.8 billion in 2016 and are forecast to

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