Global online gambling industry market size 2017-2029
The size of the global online gambling and betting industry amounted to 86 billion U.S. dollars in 2024. This has been forecast to rise to 120 billion U.S. dollars by 2029. In comparison, the market size of the global sports betting and lottery industry was valued at roughly 329 billion U.S. dollars as of March 2025. Overall, the global sports betting industry had more than 180,000 employees and approximately 17,000 businesses.
What is the most popular type of online gambling in the United States?
As of 2024, online sports betting ranked as the form of online gambling with the highest share of participants in the U.S. In total, 10 percent of U.S. adults said they made online bets on sports. Meanwhile, the total revenue from sports betting in the U.S. amounted to 11.04 billion U.S. dollars in 2023, denoting an increase of approximately 46 percent from the previous year. Meanwhile, DraftKings was the most popular sports betting website in the U.S. as of January 2024.
What is the United Kingdom’s National Lottery?
A lottery is a form of gambling where participants purchase numbered tickets with the aim of matching those numbers with lots, which are drawn randomly at a later date. Established in 1994, the National Lottery is a nationwide version of the activity that is regulated by the Gambling Commission of the United Kingdom. Between April 2023 and March 2024, over seven billion British pounds worth of National Lottery tickets were sold. Meanwhile, more than 4.6 billion British pounds were available as prize money for potential winners of the National Lottery in the same period.
