The global iGaming market has witnessed significant growth over the years, driven by digital acceleration and changing consumer preferences. In this report, we delve into the extensive data provided by H2 Gambling Capital, the principal data partner of iGB, to analyze the evolving landscape of the iGaming industry.
Growth Patterns of the Global iGaming Market:Charting the Path to €173bn by 2026
The iGaming industry has experienced remarkable expansion since 2003, as demonstrated by the steady increase in global gambling gross win. H2 Gambling Capital’s data reveals that the remote channel is projected to surpass €100bn this year, setting the stage for continued growth. With a compound annual growth rate (CAGR) of 11%, the iGaming market is expected to reach €173bn by 2026. We further examine the sectoral breakdown, highlighting the dominance of sports betting (30%), followed by casino (27%) and race betting (23%).
COVID-19 Impact: Digital Acceleration Propels iGaming Forward
The COVID-19 pandemic has acted as a catalyst for the iGaming industry, driving its growth trajectory. The report emphasizes the surge in online gambling activities during lockdowns and restrictions, as consumers turned to digital platforms. By 2027, iGaming is projected to account for more than 30% of the global gambling market, a significant leap from its 2019 share of 14.3%. The article explores the factors behind this acceleration and its lasting effects on the industry.
Regional Dynamics: Unveiling Revenue Distribution
1. Europe: Leading the Digital Channel with 46% Share
In terms of revenue distribution, Europe maintains its stronghold, projected to account for 46% of global digital channel revenues in 2022. The article analyzes the factors contributing to Europe’s dominance, including the widespread adoption of online gambling platforms and favorable regulatory frameworks.
2. Asia/Middle East: Capturing 26% of the Global Market
The Asia/Middle East region holds significant potential for iGaming, with a projected share of 26% of global revenues in 2022. This section explores the diverse landscape of iGaming in this region, taking into account cultural nuances, regulatory landscapes, and the growing interest in online gambling.
3. North America: Rapid Growth Propels Market Share to 27%
North America emerges as the region with the highest growth rate over the next five years, boasting a CAGR of 20.8%. By 2027, the region is expected to capture €46.6bn of the €173.4bn global market, significantly increasing its market share from 18% in 2022 to 27% by 2027. The article delves into the factors fueling North America’s growth, including regulatory changes and the gradual acceptance of online gambling.
The Role and Influence of H2 Gambling Capital
H2 Gambling Capital, a leading consulting and market intelligence firm, has played a pivotal role in shaping the global gambling sector for over two decades. The report highlights the company’s expertise, focusing on its data-driven projections that have influenced legislators’ and investors’ perspectives on the gambling industry worldwide. By providing accurate and reliable data, H2 Gambling Capital contributes to informed decision-making and industry insights.
As the global iGaming market continues to thrive, propelled by digital acceleration and evolving consumer preferences, it is essential for stakeholders to stay abreast of the industry’s growth patterns and regional dynamics. The data and projections provided by H2 Gambling Capital shed light on the market’s future trajectory and help shape strategies for legislators, investors, and industry players. With the industry poised to surpass 30% of the global gambling market by 2027, iGaming presents an enticing opportunity for stakeholders worldwide.