The Global Casino & Gaming Market

Last verified 2026-07-27 · ~4 min read

Global gambling market, 2025

$632.8B

post-pandemic high

Market-research composite

Online gambling GGR, 2025

$107.7B

▲ CAGR ~5.4% to 2029

Statista

Projected online GGR, 2029

$133.0B

forecast

Statista

Regulated share of online GGR

22%

78% offshore/grey

Industry estimates

The global gambling market — casinos, lotteries, sports betting and online gaming combined — is estimated at roughly $632.8 billion in 2025 on a gross-gaming-revenue basis, having recovered past its pre-pandemic level as sports betting and online play expanded across the United States and parts of Europe.

Online is the growth engine

The online segment alone is forecast at about $107.7 billion in 2025, growing at a compound annual rate near 5.4% to reach roughly $133 billion by 2029. Online now accounts for a rising double-digit share of total industry revenue, though the split varies enormously by country and regulatory regime.

Regulated vs. offshore

A defining feature of the market is how much of it sits outside licensed channels. Industry estimates put the regulated share of global online GGR at roughly 22% in 2025 — meaning the majority of online activity still flows through offshore or grey-market operators. Channelling that activity into licensed, taxed markets is the stated policy goal of most regulators.

Market-size figures from research firms differ because of scope (GGR vs. turnover), which verticals are counted, and how the grey market is estimated. We report the figure alongside its source.

Sources & notes

Statista — Gambling, Worldwide (market size, online GGR, CAGR).
Statista — Online Gambling, Worldwide (2029 forecast).
Industry estimates of regulated vs. offshore online share, 2025 (~22% regulated).