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Online Gambling Market to Touch Revenue of $153.89 Billion by 2028 | UK Generates Over 16.41 Billion Revenue From Online Betting

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With the globalization of the internet, the gambling industry has seen a rapid growth in online gambling market. This growth is being driven by the increasing availability of internet access, the proliferation of mobile devices, and the rise of social media. Moreover, online gambling is convenient, accessible, and offers a wide variety of games and betting options. It is also relatively easy to start and there are no upper age restrictions.

Apart from this, there are many other reasons why online gambling market is expanding at such high rate. For one, it is very convenient. Players can gamble from the comfort of their own home, without having to travel to a land-based casino. Additionally, online gambling sites offer a much wider range of games and betting options than most brick-and-mortar casinos. All of these factors are contributing to the favorable growth of the global online gambling market.

With the growing popularity of online gambling, there is an increasing need for regulation. This is because online gambling can pose some risks, such as addiction and cybercrime. However, with the right regulations in place, these risks can be minimized.

So far, the UK has been at the forefront of regulating online gambling. The UK Gambling Commission has put in place a number of measures to protect consumers and ensure that they are treated fairly by operators. A recent report by the SkyQuest found that the number of people gambling online in the UK online gambling market has increased by 32% in the past 2 years. This trend is being driven by the growth of online casinos and sport betting which are becoming more and more sophisticated and offering a wider range of games and betting options.

Another reason why online gambling is growing in popularity is that it is becoming more accessible. In the past, only people who lived near casinos or had the means to travel to them could gamble. But now, with the internet, anyone can gamble online.

Key Findings of the Global Online Gambling Market

  • Global online gambling market to worth an estimated $153.89 billion by 2028.
  • Online gambling is legal in many countries, including the United Kingdom, US, Australia, India, Japan, and Canada.
  • UK and China are top countries in the global online gambling market
  • In the United States, however, online gambling is illegal in most states.
  • Most popular online gambling games include poker, casino games, and sports betting.
  • Online gambling is particularly popular among young adults, with 36–44-year-old the most likely to gamble online.
  • Men are more likely to gamble online than women, although the gender gap is narrowing.
  • Risks associated with online gambling include addiction, financial ruin, and crime.
  • There are approximately 2,000 online gambling sites in operation today

China, US, UK, Canada and Australia Generates Over 73% Market Revenue

With the popularity of online gambling, many countries have seen an increase in revenue from this industry. China, US, Japan, Canada and Australia are some of the top contributors to the online gambling market. According to SkyQuest’s recent studies, these five countries generate over 73% of the total revenue for the online gambling market. This is a significant amount when you consider that there are over 60 countries where online gambling is legal.

The reason why these five countries generate so much revenue is because they have a large number of people who gamble regularly. China has the largest population in the world, and its citizens are known to be big gamblers. The same is true for the citizens of US, Japan, Canada and Australia. Every year, US citizen spent over $35 billion on gambling and a significant portion of that amount goes to online betting. To be precise, the country spent around $2.6 billion on online gambling and the country is witnessing a growth in the revenue at a CAGR of over 16%.

On other hand, Canada is a well-established player in the global online gambling market. As per SkyQuest Study, Canadian spent over $4.4 billion on online gambling, especially online casino. This is significantly higher than the US. Our study suggests that over 70% of Canadians are engaged in some kind of online gambling activities.

The UK is the biggest online betting market in the world. In 2021, the country spent over $16.41 billion on online betting. This is because there are many different bookmakers and betting sites that cater to UK customers. There are many different types of online bets that UK customers can make. For example, they can bet on sports, horse racing, and even political events. The sky is the limit when it comes to online betting in the UK.

There are many reasons why the UK is such a big player in the online gambling market. For one, gambling is legal and regulated in the UK, so there are plenty of legal and safe options for players to choose from. Secondly, the UK has a large population of internet users, so there is a large pool of potential customers for online gambling operators. Finally, the UK has a long history of gambling, dating back to the early days of horse racing and cockfighting. This tradition of gambling has continued into the modern era, with the British public spending billions of pounds on lottery tickets, casino games, and sports betting each year.

Major Players in Global Online Gambling Market

  • Entain plc (GVC Holdings Plc.)
  • Kindred Group Plc. (Malta)
  • William Hill Plc. (UK)
  • StarsGroup.com (Canada)
  • Flutter Entertainment Plc. (Ireland)
  • Betsson AB (Sweden)
  • Bet365 Group (UK)
  • LeoVegas AB (Sweden)
  • 888 Holdings PLC (Gibraltar)
  • BetAmerica (US)

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Week 47/2022 slot games releases

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Here are this weeks latest slots releases compiled by European Gaming!

Yggdrasil, and Peter & Sons are sending brave adventurers into the dreary dungeons of Mount Argol in the duo’s latest release Dungeon Tower MultiMax™. The high volatility 5×5 slot tells the story of a once forgotten tower filled with creatures that guard hidden treasures of a once great King.

 

New from Iron Dog Studio comes Boom Time, a medium-high volatility slot that offers an alternative reel layout and comes packed with an explosive array of Wilds, plus a few more surprises. Boom Time is a classic heist caper that challenges players to blow open the bank’s safe with the help of a trio of dastardly robbers.

 

Amusnet Interactive team welcomes you to explore the fascinating world of the Aztec Empire. Spin yourself back in time to a land full of magnificent treasure and riches. This 5-reel, 25-fixed paylines video slot offers storytelling gameplay and epic sound effects with tremendous payouts.

 

Gamzix, a young igaming development studio, has launched a sweet slot – Bonanza Donut. Coffee and donuts aren’t just a perfect breakfast for a sweet tooth. It is an amazing way to diversify gaming choices. Especially with such rich features. During the game a player can add on the plate Free Spins, Bonus Game and Hot Bet, which make every round exciting.

 

Pragmatic Play brings added thrills to the classic board game in Snakes & Ladders Snake Eyes™. This sequel to the hit game Snakes & Ladders Megadice™ is played across 5×3 reels and features returning popular symbols like bananas, gorillas and snakes. These are joined by a wild multiplier depicted as a dice, which substitutes all symbols in game except the scatter.

 

Celebrating the World Cup 2022, Inspired Entertainment, Inc. brings players the beautiful game as an online and mobile slot. Big Football Bonus™ is a football / soccer-themed game with a reel configuration of 6×4 and 50 win-lines. Set in a packed stadium brimming with atmosphere, Big Football Bonus features the top performing, Big Bonus™ mechanic with a football twist.

 

Habanero invites players to enjoy its latest party-themed slot, Soju Bomb, which mimics the joys and thrills of nightlife at some of Korea’s hottest clubs. As part of the Year of the Tiger, Habanero has dedicated itself to launching some outstanding Asian-themed titles that provide a truly unique experience for players the world over.

 

Nolimit City is still feeling the bizarre effects of their most recent release, Serial. Now, they’re gearing up to release yet another unique slot experience, as they voyage deep into the darkest alleyways and shadiest streets. The game provider has had its fair share of eccentric releases this year, with hit slots such as Road Rage and The Rave making waves over the summer, and they’ve taken it up a notch with their latest release, Rock Bottom!

 

Greentube, is inviting players to experience a quacking adventure in its latest magical release Diamond Tales™: The Ugly Duckling. The five-reel slot with 40 win lines, created in collaboration with Intellectual Property owner RoyalCasino Denmark, is based around the famous fairy tale written by Hans Christian Andersen.

 

Endorphina’s Crystal Skull is a 3-row, 5-reel, 25-payline slot. Among the symbols on the reels, players can find a crystal skull that acts as a Wild. The Wild substitutes for all symbols except for the Bonus. It appears on reels 2, 3, and 4 and expands vertically to complete combinations. The Wild completes combinations with the Scatter and doesn’t expand in these combinations substituting for only one Scatter per reel. Scatter symbols count on any position on the reels.

 

Tom Horn Gaming, brightens up rainy November days with action and excitement in its latest fruit game release Rot Stormo. Raging lightning, careless fruit symbols, and sizzling hot wins, and the potential to maximise winnings in the buy feature make Rot Stormo an appealing game not only to those who fall easily for classic fruit slots.

 

Lady Luck Games has announced the release of its newest title SpinJoy Society Megaways™. A reboot of its first-ever release, SpinJoy Society Megaways™ features six reels, each varying in size between 2 and 7 symbols. Big prizes are on offer thanks to the Megaways mechanic which can see a maximum of 117,649 paylines come into play.

 

Relax Gaming, is inviting players to sow the seeds of big wins in its farming-themed slot Wild Yield. In this 5×5 high-volatility cascading slot, a day’s work in the field is made a lot easier with wilds sprouting from the ground and players in with a chance to win 50,000x their bet.

 

Players are invited on a wild night out with Santa and Rudolph in Saint Nicked™, the latest slot release from Lucksome. The festive legends decide to go a bar rather than carry out their jolly duties this year.  Can they avoid a misdemeanour while shirking their Christmas responsibilities? This 5×3 slot comes with 243 ways to win in the base game and can be expanded to a 5×5 grid in Free Games, with up to 3125 ways.

 

Push Gaming has announced the network-wide release of Retro Tapes which reintroduces its innovative mechanic Cluster Link™. Set across 6×9 reels this cluster paying slot has symbols depicting various coloured cassettes that must form adjacent clusters of five or more to trigger a win. These winning symbols are then removed from play with new ones tumbling from the top of the gameboard creating additional opportunities for winning clusters to be made.

 

Wizard Games has released a classic title with a twist in its latest launch, Joker Diamond. The five-reel slot features classic symbols from the traditional fruit machine era, such as Lucky 7s, Bells, and Bars while a Joker character acts as a wild across the reels. Above every reel, a random bonus awaits, be it Collect Pots, Free Spins or Cash Prizes.

 

 

Spinomenal, the leading iGaming content provider, has netted another winning slot with the release of Book of Champions – World Glory. The game is part of the Champions Series and is accessible within the Spinomenal Universe. Before the base game kicks-off, players must slide into the manager’s seat to pick one of five different teams in a bid for glory on the reels.

Adventure into Play’n GO’s newest release in their legendary Arthurian series, Clash of Camelot. Players will join King Arthur in a quest to wrestle his rightful throne back from the malicious Mordred, who leapt at the opportunity to steal it while the King was searching for the Diamonds of the Realm in the series’ previous chapter.

 

 

Spinomenal, is celebrating Black Friday with the release of its exciting new game, Book of Piggy Bank – Riches. The game sits within the Classics series which exists within the Spinomenal Universe. No one likes to save money, but everyone loves to break piggy banks! Spinomenal’s brand new game is a 6×3 reel design with 10 pay lines that gives players the opportunity to raid the Piggy’s bank of riches!

Pragmatic Play, is awarding players Christmas multipliers in the latest slot release Santa’s Great Gifts™.  Set across 6×5 reels, the title has symbols depicting various Christmas staples including baubles, candy canes, snow globes and more. At least eight matching symbols need to be landed anywhere on the game board to trigger a win.

 

 

Wazdan,  combines a crisp aesthetic with an electrifying array of bonus features in its brand-new release, Burning Sun™. Returning with yet another exciting addition to the renowned Hold the Jackpot collection, Burning Sun™ also incorporates the supplier’s recently launched Sticky to Infinity™ feature, designed to drive player engagement and amplify partners’ results.

 

ReelPlay partner Boomerang has teamed up with Yggdrasil to bring players their sweetest slot to date in Fruit Gemz Splitz™. The five-reel slot can see paylines expand to up to a total of 19,773 as Splitz symbols land, splitting into up to four symbols, while Wilds, Cash Coins, and Collect symbols can also land at any given moment. Boasting a retro feel, shiny fruits fill the reels, with an upper reel adding an extra symbol onto the middle three columns.

 

Dear Santa. Please can I have lots of big wins this Christmas? If that’s at the top of your wish list, then you’ll want to unwrap Santa Express, Stakelogic’s fun-filled festive bonanza now available for operators to add to their slot game stockings. Santa Express takes players to a winter wonderland like no other. The 5×4 reel game is set against a snowy backdrop with 20 active win lines available and a max win potential of 20,000x the player’s bet.

 

The temperature may be dropping as we enter the winter months in Europe, but things are about to heat up at all online casinos that feature Swintt slots as the sought-after software studio prepares to unveil a sizzling new addition to its Select line-up in Path of Dragons. A five-reel, 20-payline slot, Path of Dragons sees players ascend to the peaks of a mystical mountain where three of these magical fire-breathing beasts reside.

 

Red Tiger has launched In the Rabbit Hole, where players can explore a magical world of ample surprises and never-ending mystery. The game could not get any more intriguing as the multi-layer Bonus Round invites players to encounter phenomenal features through Free Spins. Once the player falls through the vortex from reality to fantasy, they arrive at a world of wonders, scattered with books of spells, magic carrots, mystical pocket watches, musical top hats and enchanted cups of tea.

 

AvatarUX has turned the volume up to 11 in its latest slot release, HipHopPop™. The 5×3, pays both ways title incorporates the iconic PopWins™ mechanic, which sees any winning symbol pop and have two more fill it space, quickly enhancing both paylines and win potential.

 

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BetGames Will Start Accepting Fasttoken (FTN) as a Supported Cryptocurrency

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BetConstruct is pleased to announce that BetGames, the leading provider of premium gaming solutions, is planning to add FTN to the list of supported cryptocurrencies.

FTN is the official cryptocurrency of the Fastex ecosystem as well as the adopted cryptocurrency of the leading betting and gaming software provider BetConstruct.

The inclusion of FTN in BetGames’s supported cryptocurrencies will start from January 26th.

To learn more details about FTN, feel free to visit the website www. fasttoken .com.

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Game Changers and Guild X broke records in Berlin

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Guild Esports, a global esports team organisation, took sixth place overall with team Guild X in the inaugural VALORANT Game Changers Championship, held in Berlin (15-20 November).

Following a year of intense regional competition, the world’s most elite Game Changers squads went head-to-head in person, for the first time ever, to crown a global champion in Germany. Bringing together the best teams from North America, Brazil, EMEA, APAC, LATAM and East Asia, G2 Esports won the Grand Final to lift the coveted championship trophy.

Supporting women in gaming is a key part of Guild’s strategy within the sporting community, aligning with the aims of Game Changers to create new opportunities and exposure for women and other marginalised genders within VALORANT esports.

The tournament in Berlin, with over 150,000 viewers* tuning in, demonstrates how women in gaming and teams such as Guild X are not just changing the game but also breaking records. According to Esports Charts, Game Changers has become the most-watched tournament for women’s esports.

On Sunday, Guild also hosted a watch party at the Sky Guild Gaming Centre in Shoreditch with talent Elz the Witch, Iain Chambers plus other influencers such as Megsoundslikeegg and Geo Collins in attendance. Even though Guild X was not in the Grand Final, Guild, along with its supporting partners Sky and Subway, wanted to offer a safe space for VALORANT fans to watch the finale, especially women and marginalised gender fans.

Jasmine Skee, Chief Marketing Officer at Guild Esports, said: “Our vision at Guild is to lead the way in supporting the future of women in gaming, and we are committed to equal opportunities for our Guild X players. The Game Changers Championship in Berlin was a hugely successful event and we are extremely proud as an organisation to have been a part of it. Congratulations to all at G2 Esports on their victory in such a milestone event for the esports industry. With the announcement of the new Game Changers format, we’re excited to watch our Guild X team, and the wider women esports industry, grow.”

Guild X has been confirmed this week as automatic top-tier qualifiers for the VALORANT Game Changers EMEA 2023 competition, with relegation rules now being in place as part of the new format changes announced. The Game Changers tournament will continue to break down stereotypes, elevate women and allow them to further their careers in a dedicated safe space, and provide a platform for professional growth both in and outside of the game – all actions that are completely aligned with Guild’s strategy moving into 2023 and beyond.

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