The global casino market will grow rapidly in the coming years

Recently the Directorate General for the Regulation of Gambling released an impressive report for Spain’s licensed casino operators, showing an estimated gambling revenue of 348.09 million euros in the third quarter of 2024. The same trend is seen globally with a strong predicted growth in the coming years. 

Big changes are taking place in the global casino market, and have been occurring over the last decade. Not only have we seen the rise of hundreds of digital casinos, with gamblers actively looking for el mejor casino en línea, there has also been a technological evolution making new kinds of gambling experiences available.

Digital improvements in the online casinos

For instance, it is now possible for sporting fans to place their bets on an ongoing football or baseball match making use of the increasingly popular live betting alternative, with the odds constantly being updated in real time to reflect what’s happening on the field. At the same time, they also have the opportunity to withdraw their bets to a small fee or actively bet on game events, such as who scores the next goal, making the whole experience more interactive.

In the same vein, the more advanced online casinos are also offering improved live casino alternatives, making it possible for the digital player to face a real dealer when playing classic casino games, blurring the line between the digital and the physical experience. This is done by a high-resolution live-streamed dealer that interacts with the decisions the player – and the other players at the same ”digital table” – make during the game. Read more about the latest trends on the digital market by clicking the link.

Continuous growth is predicted

According to the experts at ResearchAndMarket.com, the global casino industry will continue to thrive in the coming years. By their estimate, the value of the casino market will increase by 4.6 percent annually until 2030, marking a growth of 60.5 billion USD in just a few years. In 2023, the value was estimated at 163.6 billion USD, but in 2030, it is predicted to reach 224.1 billion USD.

The main reason for this rapid growth is an increased global accessibility to technological devices capable of running online casinos (such as cell phones and tablets), and improved internet connections. According to the same report, new legislation is expected to be introduced across the world, leading to more relaxed gambling regulations.

In Spain, for instance, the Supreme Court revoked in mid-April last year several advertising limitations for the casino companies. This instantly provided casino brands with a positive outcome, and increased their revenue by 14.41 percent during that year’s third quarter.

It remains to be seen if the experts are correct in their predictions, but most likely, the global casino industry will continue to thrive in the coming years.