What is the online gambling industry currently worth?
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The global online gambling industry is worth $61.5 billion. It is forecast to grow by 86% by 2028. The gambling sector, including offline, is estimated to be worth more than $287 billion by 2021.
The European online gambling industry is worth $34.6 billion as of 2021. It's set to grow to $56.8 billion by 2027. Sports betting is the most popular form of online betting in Europe. UK and Italy are the strongest markets, while the Netherlands is back of the queue. New entrants are coming to the market in Germany, Estonia, Hungary, Norway, Romania and Moldova.
The North American gambling sector was worth some $7 billion in 2019. The predicted CAGR is around 20% before 2026. Several states in the USA have legalized online gambling. Canada is increasing its revenue.
South America's online gambling industry was valued at some $77 billion in 2020. It could reach more than $127.5 billion within the next three years. Panama, Costa Rica, Curacao, Mexico, parts of Argentina, Paraguay, Peru, and Uruguay allow iGaming through regulation or unregulation.
Asia-Pacific is the most lucrative region for online gambling. The most popular kinds of gambling here include live dealers, casino games, slots and betting. It is also seeing growth in cryptocurrency gambling and emerging verticals such as eSports and fantasy sports betting in this region.
Africa's online gambling industry is estimated to be worth $1 billion. Sports betting, horse racing, video slots and crypto are popular in Africa. Fast Offshore has 25 years of experience in the online betting industry. It has helped operators work with their markets in each area.
