JulieJournalist at CasinoRange.comPublished DateOctober 28, 2021 | Last UpdatedJuly 7, 2022
We’re always fascinated by the gambling-related statistics and the industry statistics are no different. They show a clear rise in online gambling, which is now the largest industry sector of the overall gambling market. With that impressive statistic in mind, we’ve gathered some of the most relevant information presented. If you were ever unsure just how big the online gambling industry is, this will definitely broaden your horizons.
Gambling Statistics in a Nutshell
Online gambling became the largest industry sector during April 2019 and March 2020. It generated a Gross Gambling Yield of £5.7bn and it’s now comprising 40% of the overall gambling market. The global online gambling market reached an impressive profit of $66.7 billion, with Canada, the US, and Europe at the top of the market share list. This number is expected to double by 2026.
Covid-19 pandemic and the nationwide lockdown may have contributed to pushing players to move to online casinos. However, it looks like the advantages of gambling remotely are making them choose online gambling as their preferred method of playing.
What motivates women and men to gamble? According to YouGov, 48% of men and 40% of women gamble for the fun of it while 21% of men and 28% of women fantasise about winning.
It’s been reported that 33% of British men gambled on various online casino sites. 96% of all online gamblers play their favourite games in the comfort of their home. Players aged between 18-24 have been reported to play outside of their homes more than older generations. This finding is consistent with statistics around the technology players use when they gamble online.
Gambling Technology Facts
Statistics show that three-quarters of players aged between 18 and 34 years old use their smartphones to access online casino games. However, when it comes to residents aged 65 and over, only 14% use a smartphone. Four in ten online gamblers, particularly those that are aged 55 or over, use laptops to play online casino games.
When it comes to payment methods, cryptocurrency such as Ethereum and Bitcoin continues to become a mainstream payment method. They are a popular choice as they offer instant transfers, an encryption technology that protects your identity, full transaction anonymity, and dedicated crypto gambling offers.It’s been noted that Artificial Intelligence and Chatbots are crucial parts of the industry as they make sure everything is running as smoothly as possible. In the near future, the gambling industry is expected to embrace VR and AR technology. NetEnt and Microgaming have already announced their VR and AR developments. Alongside, online casinos are also experimenting with turning into a functional VR casino where players can meet and enjoy their games in a land-based casino from the comfort of their homes.
Online gambling will continue to grow as it embraces new technologies that will attract brand new players.
We are looking forward to showing you brand new statistics next year. Don’t forget to share it with your friends and colleagues!