Online gambling in the world recorded a market share of $57.54 billion in 2021. The industry’s annual growth is expected to maintain a year-to-year growth of 11.7% up to 2030. The main contributor to the consistent growth is the spread of the internet to over 60% of the world population today. The number of people using smartphones is growing fast, too, which is contributing to online betting growth in the world. Some countries are doing better in online betting and are ahead by a big margin.
The US online gambling market is one of the youngest in the world. Despite this, it is the fastest growing globally, having grown to more than $65 billion within four years. The country legalized online gambling in 2018 and has some of the largest online casinos in the world today. Americans are free to place real cash online casino bets in any state that has legalized online gambling. Some of the key states that are recording excellent online betting growth are Michigan, New Jersey, Pennsylvania, and Nevada.
If you want to run a casino business that will record fast growth, you may consider Canada as a top choice. Canadians love gambling and nearly 75% of the population gamble. On average, every Canadian who gamble spends about CAD 570 annually on gambling. Currently, the country is home to more than 2100 online casino websites. They offer a high RTP of up to 97%.
Many of Japan’s neighbors have strict restrictions on gambling, but Japan is different. Many people who love gambling in the Far East find Japan as the best conducive country to visit for betting. It has a well-regulated online casino industry. The online casinos in Japan offer favorable bonuses and offers to attract more gamblers into the market. Gamblers in the country spend about $18.6 billion annually.
France legalized online gambling in 2010, and the sector has tremendously grown since then. Gambling law in the country is supervised by ANJ, which is a public body created to bring reforms and regulations to the gambling industry. The sector generated about $1.4 billion in 2021.
The online gaming industry in Germany is recording fast growth. It’s expected to grow to $4.3 billion by 2024 and continue to grow at about 10.6% year by year until 2030. The country is home to more than 100 betting sites that are highly regulated by law.
Australia has a population of about 25 million people. At least 80% of the population participates in online betting at one time or another. Each Australian spends about AUD 1,288 in betting annually. The Interactive Gambling Act that legalized gambling in Australia was enacted in 2001. The country is home to over 95 online betting sites which offer attractive bonuses and payouts to bettors.