Does size matter - how big online gambling really is?

Which sometimes may seem like a niche market has actually grown to a massive industry now.

There are certain things in life which many people still connect to the younger generation simply because it's based on playing games. The esport and the online gambling industry both definitely have this stigma. It is indeed true that games usually attract children and young adults - the latter is the case with gambling of course.

But this doesn't mean that the industry that surrounds the subject of the interest is childish or not severe. Online gambling has been growing rapidly in the past decade, and its size is more significant than one might think. In 2019 the online gambling market size was $58.9 billion, which grew to $66.7 billion* in 2020 and is estimated to reach $92.9 billion in 2023.

*forecast

(Source: https://www.statista.com/statistics/270728/market-volume-of-online-gamin...)

When it comes to online gambling, most people think of poker first, so it may come as a suprise, that online poker is only a small part of the online gambling industry. A 2018 research found that poker only accounted for 5% of online gambling revenues in Europe, which is an excellent indicator of its global share as well.

12.6% of all revenue, while online casinos for almost one-third, with 32.4%, and online sports betting for 42.5% - meaning 8.5-times more significant dough than poker.

(Source: https://www.statista.com/statistics/692541/distribution-online-gambling-...)

More you can read in - casino games

Considering what a landbased casino usually looks like, this is not that big of a surprise. When you walk into an old-school gambling establishment, you see countless slots with a wide-variety of games on their screens, from the one-armed bandit to the most state-of-the-art versions. You can also see mobs of gamblers gathering around roulette wheels and blackjack tables, but not too many poker tables.

The online gambling operators are no different, you can take a shot at the best online casino games anytime. It's usually harder to realize that poker only makes up for a small portion of the offerings because to play poker, you need many other people. However, in online casinos with more modest traffic, you sometimes can't even get a poker game running due to the lack of sufficient numbers of participating players. This never happens with slots, blackjack, roulette, bingo, or other forms, as you can play 24/7, even by yourself.