Technology

Online Gambling Market Size worth $153.57 Billion, Globally, by 2030 – Exclusive Study by The Research Insights

Published

11 months ago

May 27, 2025

CHICAGO, May 27, 2025 /PRNewswire/ — The global online gambling market size is projected to be valued at USD 70.64 billion in 2023 and reach USD 153.57 billion by 2030, growing at a CAGR of 11.7% according to a new report by The Research Insights. The rise in this trend results from more users adopting mobile devices and internet connections and cultural and legislative developments that enhance online gambling accessibility.

The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the Online Gambling Market growth of 11.7% comprises a vast array of, Type, Device and Geography which are expected to register strength during the coming years.

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Market Overview and Growth Trajectory:

Online Gambling Market Growth: According to an exhaustive report by The Research Insights, the Online Gambling Market is experiencing significant growth. Shifts in customer preferences along with positive market trends are driving substantial expansion in the global Online Gambling market. An increasing number of customers use online gambling platforms because they offer convenience together with accessibility. Online gambling remains a preferred option because users can play from home without any time restrictions. The extensive range of online games and bets serves different player preferences and draws a varied audience.

Mobile gambling represents a significant trend currently shaping the online gambling market. The widespread adoption of smartphones coupled with accessible high-speed internet connections enables more players to access online gambling platforms through their mobile devices. Mobile gambling trends allow operators to expand their customer reach while providing seamless gambling experiences through mobile devices. Online gambling platforms are increasingly incorporating social features as a major market trend. Online gambling operators are beginning to use social elements like chat rooms and leaderboards to make their platforms more interactive. Adding social elements to the user experience helps maintain player engagement and builds loyalty.

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The development of the online gambling market is shaped by distinct circumstances present in each country and region. Online gambling in several nations operates under complete legal regulation which generates a secure playing environment for users. The established regulatory system appeals to operators and players and stimulates market expansion. Other countries impose restrictions or ban online gambling entirely. Operators face greater challenges because they have to deal with multiple legal and regulatory barriers. Players often choose offshore gambling sites that escape local laws when faced with restrictions which results in revenue decline for local markets.

Macroeconomic factors shape the expansion of the online gambling market. The demand for online gambling services depends heavily on both disposable income and consumer spending patterns. Players from regions with robust economies and substantial disposable income show greater willingness to spend their money on online gambling opportunities. Regions experiencing economic uncertainty or low disposable income typically see reduced demand for online gambling. The growth of the online gambling market depends on developments in technology and infrastructure advancements. Online gambling requires both high-speed internet access and dependable payment systems to function seamlessly. Nations possessing advanced digital infrastructure systems experience greater levels of online gambling adoption. Global Online Gambling market expansion results from evolving consumer tastes combined with positive market dynamics and specific regional conditions alongside fundamental macroeconomic elements. Market dynamics are being transformed by the growth of mobile gambling along with the integration of social features and various regulatory frameworks. Market growth relies on disposable income levels, consumer spending patterns, and technological advancements.

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Proliferation of Smartphones and Internet Penetration:
The online gambling market has grown significantly due to the worldwide increase in smartphone ownership and faster internet connections. By 2025 mobile internet access expanded to billions of individuals in developed and developing nations because smartphones became both more accessible and affordable. The digital infrastructure enables users to engage in online gambling activities anytime and anywhere using mobile-optimized websites or specialized apps. The growth of 4G and 5G networks alongside greater use of cloud computing delivers uninterrupted and responsive gaming experiences. Mobile platforms generate significant online gambling revenue in markets such as Asia-Pacific and Europe where consumers prefer mobile-first access. The surge in market trends is being driven by younger people who are becoming more comfortable with digital payments and online entertainment in their tech-savvy lifestyles.

Liberalization of Gambling Laws and Regulatory Advancements:
Market expansion for online gambling depends on the steady legalization and regulation of its operations throughout various regions. The potential for tax revenue from online gambling activities has led governments to establish formal licensing systems and open new markets. The latest regulatory changes in the United States permit each state to establish legal online sports betting and casino gaming operations. Latin America (including Brazil and Argentina), several European nations (notably Germany and the Netherlands), and emerging regions in Asia (such as India) are working on developing or enhancing their legal systems to support online gambling activities. Licensed platforms gain more users when legalization builds investor trust alongside technological advancement and consumer safety measures. Regulation helps eliminate illegal gambling activities while promoting fair gaming practices and strengthening anti-money laundering (AML) protocols to foster a sustainable market environment.

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Technological Innovation and Gamification of Gambling Platforms:
Advanced technology evolution is transforming online gambling platforms which leads to higher user engagement and greater market growth. The industry’s key advancements include real-time live dealer games together with blockchain-based betting systems, virtual reality casinos, and AI-driven personalization engines. These technological advancements provide enhanced gaming experiences by improving immersion and interaction while simultaneously building trust and transparency among users. Blockchain technology provides secure transactions and creates fair gaming environments while artificial intelligence helps deliver customized content and identifies risky gambling patterns. The widespread implementation of gamification strategies such as leaderboards, achievement badges, loyalty programs, and in-game bonuses serves to maintain user engagement and motivate them to participate repeatedly. These methods successfully draw in younger demographics who desire a mix of entertainment and competitive thrills. These innovations along with smooth payment integrations that support cryptocurrency are transforming the gambling experience and opening up fresh growth possibilities.

Geographical Insights:

Europe established itself as the dominant player in the worldwide gaming market by controlling more than 41% of the market share. The continent established its market leadership because several European countries such as Italy, Spain, France, and Germany relaxed gambling laws which propelled the industry forward. The market growth benefited from the widespread availability of high-speed broadband internet and the rising popularity of online casinos and smartphones. Data from the European Gaming & Betting Association revealed sports betting as the top online gambling segment in 2022. The Gambling Act 2005 authorized by the UK Gambling Commission allowed companies to advertise their websites which led to market expansion in the region and helped Europe secure its leading role in the worldwide gaming industry.

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The online gambling market share in the Asia Pacific region will experience substantial growth because internet services are becoming more popular and online betting and gambling regulations are relaxing. The expansion of cryptocurrencies like bitcoin has led to increased activity in gaming platforms that utilize cryptocurrency. Due to the continuous increase in consumer leisure spending and the solid economic growth in the region the market shows potential for significant expansion during the forecast timeframe. The online gaming industries of China, India, and Japan make them top revenue generators in APAC.

Global Online Gambling Market Segmentation and Geographical Insights:

Based on Type, the online gambling market size is divided into Sports Betting, Casinos (iSlots, iTable, iDealer, Other iCasino Games), Poker, Bingo, and Others. The sports betting segment emerged as the market leader, accounting for nearly half of the total revenue with approximately 49% share.Based on Device, the online gambling market share is divided into Desktop, Mobile, and Others. The desktop category has been a significant contributor to revenue, accounting for around 48%. This is largely due to the larger screen size offered by desktops compared to handheld devices and other gadgets.The online gambling market growth is segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Key Players and Competitive Landscape:

The Global Online Gambling Market Report is characterized by the presence of several major players, including:

888 Holdings Plc.Bally’s CorporationBet 365 Group Ltd.Betsson ABEntain Plc.FireKeepersFlutter Entertainment Plc.Churchill Downs Inc.Kindred GroupLadbrokes Coral Group PlcSky Betting & GamblingSportech PlcThe Stars Group Plc.William Hills Limited

These companies are adopting strategies such as new product launches, joint ventures, and geographical expansion to maintain their competitive edge in the market.

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Global Online Gambling Market Recent Developments and Innovations:

In October 2024, B2B gaming content provider Inspired Entertainment declared their recent expansion into Mexico by extending their partnership with bet365. The partnership between Inspired Entertainment and bet365 enabled the release of Sticky Stacked Fire 7s on the Mexican platform of bet365.In September 2024, Flutter Entertainment Plc completed a US$350 million transaction to acquire 56% ownership in Brazil’s NSX Group that runs Betnacional. Flutter Entertainment has seized the opportunity to enter Brazil’s expanding online betting market through strategic positioning after regulatory changes. Betnacional stands out as one of Brazil’s top sportsbook platforms which enables Flutter to launch new products and increase its South American influence through this transaction. Flutter has directed this investment as part of its international expansion strategy targeting emerging markets in online gambling.In February 2024, Betsson AB purchased Holland Gaming Technology Ltd. for €27.5 million. The acquisition enhances Betsson’s standing in Europe’s online gambling market especially targeting the Netherlands where legislation changes have spurred betting growth. Betsson now accesses Holland Gaming’s proprietary gaming platform and user base through the deal which allows them to implement advanced technology while growing their market reach in the Netherlands. Betsson’s strategy for expanding its European operations features this action that seeks to enhance user engagement.

Conclusion:

The worldwide online gambling industry experiences fast-paced changes due to digital technology progress alongside the expanding reach of internet access and mobile device adoption. Artificial intelligence combined with blockchain systems and secure payment solutions delivers improved platform functionality alongside greater transparency and user experience. Interactive and immersive gambling experiences are driving consumer preference shifts as virtual sports betting, live dealer games, and mobile casinos gain popularity. New regulatory reforms in major markets broaden accessibility while maintaining responsible gambling practices through improved monitoring systems and age checks. iGaming platforms integrating with social media and eSports services are generating new income opportunities while expanding their user base. Data analytics and machine learning assist operators in customizing content while improving both user interaction and risk management. The online gambling ecosystem evolution brings about a new emphasis on secure and fair player-focused experiences that enable the sector to achieve lasting worldwide growth within the digital economy.

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The report from The Research Insights, therefore, provides several stakeholders— online gambling operators, regulatory authorities, payment service providers, technology vendors, and end-users or players—with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities.

With projected growth to US$ 153.57 billion by 2030, the Global Online Gambling Market represents a significant opportunity for affiliate marketers, software developers, data analytics firms, cybersecurity providers, and digital advertising agencies, can position themselves for success in this dynamic and evolving market landscape.

Check out more related studies published by The Research Insights:

Sports Betting Market: The Global Sports Betting Market is expected to reach at USD 182.12 billion by 2030, according to a new report by The Research Insights. It is projected to expand at a CAGR of 10.3% during the forecast period. The demand is driven by multiple key factors such as changes in the global gambling sector’s regulatory framework, technological progress in connected devices and digital infrastructure development.Virtual Reality (VR) Market: The Global Virtual Reality Market is expected to reach at USD 435.36 billion by 2030, according to a new report by The Research Insights. It is projected to expand at a CAGR of 27.5% during the forecast period. As businesses continue to adapt to a world where physical interactions are increasingly limited, the demand for Virtual Reality (VR) has surged.

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Technology

Mouser Electronics Explores How Artificial Intelligence Shapes Everyday Technologies and Experiences

Published

35 minutes ago

April 20, 2026

SHANGHAI, April 20, 2026 /PRNewswire/ — Mouser Electronics, Inc., the authorized global distributor with the newest electronic components and industrial automation products, today announced the first 2026 installment of its Empowering Innovation Together (EIT) technology series, Engineering AI for Daily Life. This installment explores how artificial intelligence is increasingly embedded in everyday products and services, from assisted search and messaging tools to healthcare wearables that monitor personal well-being. As AI capabilities expand across consumer and connected devices, engineers continue to design systems that make these technologies more useful, intuitive, and trustworthy in real-world applications.

“AI is quickly moving from experimental technology into products people rely on every day, and engineers play a major role in shaping how it’s applied,” said Jeff Newell, President of Mouser Electronics. “As AI becomes embedded across consumer devices and connected systems, it’s important that these technologies are designed to support human expertise while remaining reliable and trustworthy. This EIT segment helps engineers explore the tools and insights they need to build the next generation of AI-enabled solutions.”

As AI agents and intelligent tools become integrated into homes, connected devices, and digital services, engineers are developing systems that enhance user judgment and keep users in control while maintaining transparency and privacy. New AI-powered platforms already demonstrate this potential – turning simple conversations into complete travel itineraries or providing deeper health insights through connected devices.

On The Tech Between Us podcast, Raymond Yin, Director of Technical Content at Mouser Electronics, and Dr. Marisa Tschopp, Senior Researcher at scip AG in Zurich, examine the new role of AI in human interaction and day-to-day experiences. They explore how AI advancements shape technology-enabled collaboration, including the long-term impact of daily integration and applications for mental health.

“AI is moving beyond experimental settings into the products people rely on every day,” said Yin. “Our first EIT navigates the next era in AI innovation, looking at how to use the technology to enhance people’s abilities and rethink how we can live for the better.”

In addition to the podcast, the EIT series includes an in-depth video, technical articles, a topic-related infographic, as well as subscriber-exclusive content, diving into everyday AI. By examining the range of cases where AI can level up technical expertise, engineers can build a class of tools to help reshape how people think, decide, and create while protecting privacy and control.

Established in 2015, Mouser’s Empowering Innovation Together program is one of the electronic component industry’s most recognized educational programs. To learn more, visit https://www.mouser.com/empowering-innovation/engineering-ai-daily/ and follow Mouser on Facebook, LinkedIn, X, and YouTube.

For more Mouser news and our latest new product introductions, visit https://www.mouser.com/newsroom/.

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Technology

The Global Economy Could Split in Very Different Directions by 2050

Published

35 minutes ago

April 20, 2026

Research from the BCG Henderson Institute Details Four Plausible Scenarios for the World over the Next 25 Years, Based on Analysis of More Than 100 Megatrends and a Century of Historical Data

BOSTON, April 20, 2026 /PRNewswire/ — The global economy could follow markedly different paths over the next 25 years. For business leaders, the challenge is how to make decisions today while preparing for a wide range of possible futures.

New Scenarios 2050 research from the BCG Henderson Institute (BHI), Boston Consulting Group’s think tank, anticipates four distinct futures that push boundaries but remain plausible. The report explores what each scenario could mean for businesses and how early signals may indicate which direction the world is heading.

Among the findings:

Global GDP growth could slow to about 1.8% or rise to 5.0% annually, with the economy reaching anywhere from 1.6 to 3.4 times today’s size.Global trade could fall to about 35% of GDP—roughly Cold War–era levels—or remain near current levels of about 60%.Defense spending could climb to as much as 7% of global GDP.Low-carbon electricity could account for 55% to 90% of power generation.

The report, Beyond Tomorrow: Four Scenarios for the World of 2050, is based on a century of historical data and analysis of more than 100 megatrends across technology, geopolitics, climate, society, and economics.

“The decisions made in the next 5 years will shape the next 25,” said Nikolaus Lang, global leader of the BCG Henderson Institute and a coauthor of the report. “Too often, the future is framed in extremes—either collapse or abundance. In reality, leaders need to be ready for a range of outcomes and make decisions that hold up across very different conditions.”

Four Plausible Futures Leaders Should Plan For

Each scenario presents a different operating environment for businesses, reflecting the range of conditions leaders may face.

Scenario 1: AI Abundance. Global cooperation on AI standards leads to faster productivity growth, wider access to technology, and abundant low-carbon energy:

Global GDP more than triples, growing by about 5% annually from 2025 to 2050—the highest level across BHI’s four plausible scenarios.Average working hours fall by about 25%, with four- or even three-day workweeks becoming common in some regions.AI-supported advances in new materials and carbon removal put the world on a delayed but credible path to net zero emissions.

Scenario 2: Battling Blocs. Geopolitical tensions divide the world into competing blocs, reducing cooperation and reshaping global trade:

Global trade falls to about 35% of global GDP, down from 57% in 2024—reversing decades of globalization.Defense spending rises to about 7% of global GDP, the highest across BHI’s four scenarios, as countries prioritize security and self-sufficiency.Global GDP growth slows to about 1.8% annually, the lowest across the four scenarios, underpinned by government spending on national security, pensions, and climate mitigation.

Scenario 3: Climate Coalition. A series of extreme weather events in the late 2020s push governments, industries, and consumers to prioritize climate resilience, accelerating the shift to low-carbon energy and infrastructure:

Global warming stabilizes at about 1.8°C.Carbon markets expand globally, with most major economies participating by 2040.The share of fossil fuels in the energy mix falls from 81% today to 35% in 2050, while electricity is generated almost entirely from low-carbon sources.Global GDP growth averages about 2.5% annually, reflecting a focus on the climate transition, slower population growth, and aging societies.

Scenario 4: Digital Darwinism. Rapid technological progress continues under limited regulation, driving strong growth while concentrating wealth and power among leading companies and tech-rich nations:

Global GDP grows at 4% per year, resulting in a near tripling of GDP.The richest 1% holds nearly half of global wealth, while the middle class continues to shrink.Gig-style and short-term contract work expands as AI and automation displace routine knowledge work.Defense spending rises to about 4% of GDP, up from 2.4% in 2024, as the global order becomes more fragmented. At the same time, global trade and supply chains remain open, driven by commercial interests.

What Leaders Can Do Now

Across all four scenarios, the report highlights “low regret” moves that make sense for business leaders today, including:

Enhance structural resilience. Rebalance toward resilience over efficiency to maintain operations in a more volatile environment.Reimagine talent for aging populations and AI. Build strategies for intergenerational work, more flexible roles, and talent mobility—and recruit more widely, especially from emerging labor markets.Build digital flexibility and trust. Take a modular approach to tech and data stacks that accounts for rapidly changing technologies.Sharpen sensing and influencing capabilities. Develop sensing capacities along dimensions like regulation, geopolitics, resources, and technology. Build the capability to act on them quickly.Embrace a broader societal role. Prepare to shoulder more responsibility for workers’ well-being, local resilience, crisis management, and community needs.

“No one can predict exactly what 2050 will look like, but the forces shaping it are already visible,” said Alan Iny, a partner and director at BCG, a BCG Henderson Institute Fellow, and a coauthor of the report. “Planning for a single future is a gamble. The advantage will go to leaders who prepare for multiple futures and act to shape them before the direction of the world is clear.”

Download the publication here: https://www.bcg.com/publications/2026/beyond-tomorrow-four-scenarios-for-the-world-of-2050

Media Contact:
Eric Gregoire
+1 617 850 3783
gregoire.eric@bcg.com

About the BCG Henderson Institute
The BCG Henderson Institute is Boston Consulting Group’s strategy think tank, dedicated to exploring and developing valuable new insights from business, technology, and science by embracing the powerful technology of ideas. The Institute engages leaders in provocative discussion and experimentation to expand the boundaries of business theory and practice and to translate innovative ideas from within and beyond business. For more ideas and inspiration from the Institute, please visit our website and follow us on LinkedIn and X (formerly Twitter).

About Boston Consulting Group
Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholders—empowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact.

Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. BCG delivers solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, fueled by the goal of helping our clients thrive and enabling them to make the world a better place.

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Technology

DEKRA Korea to Acquire Global Product Service, Strengthening Consumer Electronics Testing and Certification Capabilities in Korea

Published

2 hours ago

April 20, 2026

GIMHAE-SI, South Korea, April 20, 2026 /PRNewswire/ — DEKRA, a leading global provider of testing, inspection, and certification services, today announced it has signed a definitive agreement to acquire Global Product Service Co., Ltd (GPS), a prominent South Korean company renowned for its expertise in consumer electronics product testing and certification.

This strategic acquisition will significantly enhance DEKRA Korea’s capabilities within the rapidly growing consumer electronics sector, bringing together DEKRA’s global network and comprehensive service portfolio with GPS’s deep-rooted local knowledge and decades of experience serving South Korea’s leading manufacturers.

GPS has established a strong reputation for its in-depth technical expertise and unwavering commitment to quality, particularly within the consumer electronics market. For many years, GPS has been a trusted partner to major South Korean electronics companies, providing testing and certification services that ensure product safety, performance, and compliance with international standards.

The successful acquisition is a result of the strong collaboration and commitment from both DEKRA and GPS. Key representatives who participated in the signing, embodying this collaboration, were Dr. Kilian Aviles, Executive Vice President of DEKRA Group and Head of Asia Pacific Region; Ming Sheng, Vice President of Automotive Testing, DEKRA China; Young Seok Lee, CEO of Global Product Service Co., Ltd; and Seong Su Kim, Director of Global Product Service Co., Ltd.

“We are thrilled to welcome Global Product Service Co., Ltd to the DEKRA family,” said Dr. Kilian Aviles, Executive Vice President of DEKRA Group and Head of Asia Pacific Region. “This acquisition represents a significant milestone in our growth strategy in South Korea. GPS’s deep understanding of the local market, combined with their specialized expertise in consumer electronics, perfectly complements DEKRA’s global strengths. Together, we will offer unparalleled testing and certification solutions to our clients, empowering them to bring innovative and reliable products to market with greater speed and confidence.”

The integration of GPS into DEKRA Korea will leverage synergies in technology, talent, and market reach. This will enable DEKRA to further support South Korean manufacturers as they navigate complex global regulatory landscapes and strive for excellence in product development and quality assurance. Clients can expect a seamless transition and continued access to the high-quality services they have come to rely on from both organizations.

Young Seok Lee, CEO of Global Product Service Co., Ltd commented, “Joining forces with DEKRA is an exciting opportunity for GPS. DEKRA’s global reach and extensive resources will allow us to expand our service offerings and better serve our existing and future clients. We are confident that this partnership will create significant value for the South Korean consumer electronics industry, providing enhanced support and innovation.”

About DEKRA

For more than 100 years, DEKRA has been a trusted name in safety. Founded in 1925 with the original goal of improving road safety through vehicle inspections, DEKRA has grown to become the world’s largest independent, non-listed expert organization in the field of testing, inspection, and certification. Today, as a global partner, the company supports its customers with comprehensive services and solutions to drive safety and sustainability forward—fully aligned with DEKRA’s anniversary motto, “Securing the Future.” In 2024, DEKRA generated revenue of 4.3 billion euros. Around 48,000 employees are providing qualified and independent expert services in approximately 60 countries across five continents. DEKRA holds a Platinum rating from EcoVadis, placing it among the top 1% of the world’s most sustainable companies.

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