The Largest Online Gambling Market Region on a Global Scale
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Based on a policy paper by the Katadata Insight Center (KIC), the global market value of online gambling reached US$74.4 billion in 2024.
Its value is projected to continue increasing, reaching an estimated US$152.7 billion by 2035.
The largest online gambling market is in North America. Europe, Asia Pacific, South America, and the Middle East-Africa have smaller markets.
Here's a breakdown of the global online gambling market share in 2024 and its projection for 2035:
North America
- 2024: US$30 billion
- 2035 (projection): US$62 billion
Europe
- 2024: US$25 billion
- 2035 (projection): US$55 billion
Asia Pacific
- 2024: US$15 billion
- 2035 (projection): US$30 billion
South America
- 2024: US$3 billion
- 2035 (projection): US$3.5 billion
Middle East-Africa
- 2024: US$1.44 billion
- 2035 (projection): US$2.2 billion
According to the KIC report, in Southeast Asia, the development of online gambling (especially illegal operations) has evolved into a means for money laundering, online fraud, and the exploitation of illegal labor.
This aligns with a report by the United Nations Office on Drugs and Crime (UNODC), which states that Southeast Asia is one of the epicenters of transnational crime operating through online gambling.
"This activity is integrated into a network of scam compounds, organized facilities that force thousands of victims (many of whom are foreign nationals) to engage in technology-based fraud," stated KIC in its policy paper titled Breaking the Chain of Online Gambling from Upstream to Downstream: The Role and Challenges of the Digital and Financial Sector in Indonesia.
KIC compiled this policy paper based on in-depth interviews and dialogues with relevant stakeholders, as well as investigative studies on the online gambling ecosystem.
This policy paper identifies problems, challenges, and policy recommendations for addressing online gambling in Indonesia.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."