Proof that online gambling is here to stay

Published on May 31, 2016 in Industry News

Online gambling is here to stayOnline Gambling has quickly become one of the most popular forms of gambling in the world. Since the first introduction of legalised online gambling, the interest of those who have always frequented land-based casinos has been piqued. 

According to Statista, a well-known statistics portal with more than 18,000 studies that have researched the statistics and tracked the growth of gambling on a larger scale, online gambling is here to stay. It is information such as this, provided by Statista, that helps investors decide where to best spend their money. In a case such as this, online gambling shows a huge growth pattern, hence being a viable investment.
 

Growth figures

Statista lists the gross win of the online casinos and gambling market from 2003 to 2015 at more than 28 billion Euros by the end of 2015. The gross win is calculated as a total sum of all the wagers and stakes placed, minus the prizes paid out to winners, but including all bonuses.

The online gambling market projected in the above figure also includes sports betting, bingo, online casinos, and poker. The largest contributor to this sum is sports betting with a massive 53% of the gross win. Second largest gross win contributors are online casinos with a 25.4% stake. Poker comes in third with only 14.2% of the gross win being generated here and bingo brings up the rear with 7.4%.

Over the last 12 years, from 2003 to 2015, the total online gambling market gross win has grown from a mere 6.62 billion Euros to an approximate 28 billion Euros. In the first year alone, between 2003 and 2004, the market grew by more than 2 billion Euros and has continued to consistently grow year on year. 

With growth numbers such as these, the continued improvement of online casino games across the board, and the number of countries now planning to allow online gambling, the future seems to be very bright for those in the online gambling market.