The following graphs provide an insightful overview of the growth and trajectory of total global gambling gross win within the iGaming sector, spanning from 2003 to projected figures for 2027. These figures are complemented by geographical breakdowns that offer a comprehensive look at revenue levels across key regions worldwide. Let’s delve into the specifics outlined in the charts.
iGaming’s Remarkable Growth
In the current year, H2 projects that the remote channel within iGaming will surge past the €100 billion mark.
Projections indicate continued growth at a Compound Annual Growth Rate (CAGR) of 11% over the next five years, reaching an impressive €173 billion by 2026.
Of this total, sports betting is expected to hold the lion’s share at 30%, with casino gaming closely behind at 27%, and race betting at 23%.
The Ascendance of Online Sports Betting
Chart 2 focuses on global online sports betting revenues, predicting an impressive CAGR of 9.9% over the next five years, ultimately reaching €86.8 billion.
Pre-match betting is set to dominate, contributing significantly with €56.9 billion in revenue.
Notably, in-play betting revenue is expected to experience rapid growth at a CAGR of 13.4%, outpacing pre-match at 8.2%. This surge will elevate its share of total global online betting revenues from 29% to 35%.
iGaming’s Expanding Market Share
The digital acceleration witnessed during the Covid-19 pandemic has propelled iGaming towards a promising future. It is anticipated to account for over 30% of the global gambling market by 2027, a remarkable leap from its 2019 share of just 14.3%.
Regional Revenue Distribution
Geographically, Europe is set to dominate, contributing 46% of global revenues from the digital channel in 2022.
Asia and the Middle East (Asia/ME) follow closely with 26% of the total share.
The most significant growth, however, is anticipated in North America, projected to experience a robust CAGR of 20.8% over the next five years.
By 2027, North America is poised to account for €46.6 billion of the €173.4 billion global market, significantly increasing its share from 18% in 2022 to 27%.
The insights gleaned from these charts paint a picture of the dynamic evolution within the iGaming sector. With remote gaming poised to break significant financial milestones and online sports betting on an upward trajectory, iGaming is set to assert its dominance, reaching a substantial market share by 2027. Geographically, Europe remains a stronghold, but North America emerges as a burgeoning powerhouse. These projections, provided by H2 Gambling Capital, offer a valuable perspective that shapes the future of the global gambling landscape and informs the decisions of legislators and investors in the industry worldwide.