Asia Pacific Online Gambling Market Trends 2023, Industry Size, Share, Growth, Opportunity and Forecast to 2028

Published April 7, 2023

According to IMARC Group’s latest report, titled “Asia Pacific Online Gambling Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", the Asia Pacific online gambling market size reached US$ 19.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 37.5 Billion by 2028, exhibiting a growth rate (CAGR) of 11.39% during 2023-2028.

Year Considered to Estimate the Market Size:

  • Base Year of the Analysis: 2022

  • Historical Period: 2017-2022

  • Forecast Period: 2023-2028

Online gambling refers to the practice of participating in various games of chance, such as poker, blackjack, and slot machines, over the internet. It allows individuals to place bets and wager money on the outcomes of these games without having to physically visit a casino or gambling establishment. Online gambling is facilitated through various websites and platforms, which provide users with a range of games and betting options. The legality of online gambling varies between countries and jurisdictions, with some prohibiting or heavily regulating the practice, while others permit it to vary degrees. Despite its popularity, online gambling can pose significant risks to individuals, including addiction and financial problems.

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Asia Pacific Online Gambling Market Trends:

The increasing use of smartphones and mobile devices represents one of the key factors driving the market growth across the Asia Pacific region. In line with this, the increasing internet penetration, along with the expansion of online sports betting is contributing to the growth of the market. Moreover, the market is also driven by the easy access to online gambling portals. Apart from this, the development of new technologies, such as virtual reality and blockchain, is another key factor inducing the growth of the market. Other factors, such as celebrity endorsements, increasing disposable income, and corporate sponsorships, are creating a positive outlook for the market across the region.

Key Market Segmentation:

The report has segmented the Asia Pacific online gambling market based on game type, device and country.

Breakup by Game Type:

  • Sports Betting
    • Football
    • Horse Racing
    • E-Sports
    • Others
  • Casino
    • Live Casino
    • Baccarat
    • Blackjack
    • Poker
    • Slots
    • Others
  • Others

Breakup by Device:

  • Desktop
  • Mobile
  • Others

Breakup by Country:

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others

Competitive Landscape With Key Players:

The competitive landscape of the Asia Pacific online gambling market has been studied in the report with the detailed profiles of the key players operating in the market.

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Key Highlights of the Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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