New data has unveiled India’s burgeoning role in the global online gambling market, with projections indicating a significant revenue surge to $2.90 billion in 2024. This revelation positions India among the top contenders in the rapidly expanding online gambling landscape, according to an analysis conducted by the Japanese Online Casino Guide, 日本のオンラインカジノ.
The comprehensive study examined projected online gambling revenues for 61 countries, offering insights into the evolving dynamics of the industry worldwide. Topping the list is the United States, anticipated to lead with a staggering revenue of $23.03 billion in 2024, showcasing a remarkable 20.3% increase from the previous year. Notably, the US’s exponential growth rate outpaces the global average, highlighting its dominance in the online gambling arena.
Following closely behind is the United Kingdom, expected to generate $13.78 billion in revenue in 2024. Despite projecting a modest 7.4% increase, the UK maintains its position as a major hub for online gambling, boasting the second-highest number of gamblers globally.
Australia secures the third spot with a projected revenue of $10.14 billion, indicating a robust 10.5% growth in 2024. With 21.1% of its population participating in online gambling, Australia continues to witness steady expansion in its digital gaming market.
Japan emerges as a significant player, ranking fourth with an estimated revenue of $6.19 billion in 2024. While its projected growth rate aligns closely with the global average, Japan demonstrates a steady increase in online gambling participation, with an estimated 7.9% of the population engaging in online betting by 2024.
Rank | Country | Revenue $ (2024) |
1 | United States | 23,030,000,000 |
2 | United Kingdom | 13,780,000,000 |
3 | Australia | 10,140,000,000 |
4 | Japan | 6,190,000,000 |
5 | Germany | 5,650,000,000 |
6 | Canada | 4,190,000,000 |
7 | France | 4,120,000,000 |
8 | Italy | 3,210,000,000 |
9 | India | 2,900,000,000 |
10 | Spain | 1,970,000,000 |
Germany and Canada follow suit, with projected revenues of $5.65 billion and $4.19 billion, respectively, underscoring their substantial contributions to the global online gambling economy.
India, despite securing one of the highest revenue figures, registers a relatively lower user percentage, with an estimated 0.7% of the population engaging in online gambling activities by 2024. Nevertheless, its projected revenue of $2.90 billion positions India as a formidable force in the online gambling arena, signaling promising growth prospects for the country’s digital gaming industry.
Emiko Matsuda, Editor-in-Chief of 日本のオンラインカジノ, offered insights into the findings, attributing the surge in online gambling to various factors, including the enduring impact of the pandemic. Matsuda highlighted the transition of bettors from traditional sports wagering to online platforms, suggesting a permanent shift in consumer behavior that continues to fuel the industry’s growth trajectory.
As India cements its position as a key player in the global online gambling landscape, stakeholders anticipate further advancements and innovations that will shape the future of digital gaming in the country and beyond.
