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The Growth of Online
Gambling Industry:
A Comparative
Overview
The online gambling industry has grown significantly, driven by technology, the expansion of mobile device use, and legalization in various regions. In 2023, the global market reached $79.8 billion, projecting to grow to $161.32 billion by 2030 with a compound annual growth rate (CAGR) of 10.57%. Europe leads the market with favorable regulations and high internet penetration, while the Asia-Pacific region experiences rapid growth due to increased connectivity and smartphone use. North America also shows notable growth, especially in the U.S., where several states have legalized online gambling.
The online gambling industry has grown significantly, driven by technology, the expansion of mobile device use, and legalization in various regions. In 2023, the global market reached $79.8 billion, projecting to grow to $161.32 billion by 2030 with a compound annual growth rate (CAGR) of 10.57%. Europe leads the market with favorable regulations and high internet penetration, while the Asia-Pacific region experiences rapid growth due to increased connectivity and smartphone use. North America also shows notable growth, especially in the U.S., where several states have legalized online gambling.
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