Discover the future of online gambling: Almost P10 Trillion Around ($169B) by 2030, 10.44% CAGR. Learn about key growth drivers and emerging markets.
In a recent study conducted by Mordor Intelligence, they revealed a projected compound annual growth rate (CAGR) of 10.44% between 2025 and 2030. This surge is fueled by increasing legalization across the globe and the rising adoption of cutting-edge technologies like Artificial Intelligence (AI) and Virtual Reality (VR).
In a recent study conducted by Mordor Intelligence, they revealed a projected compound annual growth rate (CAGR) of 10.44% between 2025 and 2030. This surge is, fueled by increasing legalization across the globe and the rising adoption of cutting-edge technologies like Artificial Intelligence (AI) and Virtual Reality (VR).
The United States, with its burgeoning regulated online betting landscape in states like Nevada, Pennsylvania, and New Jersey, is a major player and continues to lead the way globally. Europe, anchored by strong markets like the UK and Germany, also demonstrates significant potential for growth. However, the Asia-Pacific region is quickly becoming a driving force in the global online gambling landscape. Among the standout markets in the region, the Philippines and India are emerging as key players with tremendous growth potential.
India’s expanding digital economy and a tech-savvy population position it as a lucrative market for online gambling. Meanwhile, the Philippines benefits from a well-established gaming infrastructure and regulatory framework, making it a critical hub for operations in the region.
With advances in technology and progressive regulations paving the way, India and the Philippines are set to play pivotal roles in shaping the future of online gambling as the industry heads toward its $169 billion milestone.
It can be recalled that the Philippine regulator Philippine Amusement and Gaming Corporation (PAGCOR) announced a record PHP 112 billion (US$1.92 billion) in revenue for 2024, a 41% increase from the previous year. This achievement was primarily driven by the strong performance of the E-Games and E-Bingo sectors, which contributed over half of the total revenue.
Looking ahead, the industry is set to be revolutionized by immersive VR experiences and AI-powered predictive analytics, enhancing user engagement while simultaneously promoting responsible gambling practices.
Read related article: E-Games Drive PAGCOR to Record P112 Billion Revenue in 2024
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