"The value of the online gambling market is now valued by reliable sources at USD 93 billion in 2024, with projections pointing to USD 172.8 billion by 2033. And Europe is firmly at the head of this growth. It's an advantage built on digital maturity and decades of structured regulation. But perhaps the most revealing figure is that 72% of all iGaming revenue in 2023-2024 came from mobile devices."
"In Britain, iGaming has become a vital part of the national economic picture. It is not only a source of entertainment but a contributor to public finances, job creation and poverty relief. Figures from Jackpot Bet Online show that the UK's remote gaming sector generated £6.9 billion in Gross Gambling Yield (GGY) in 2023-2024-proof of both strong consumer engagement and the stability of a well-regulated market."
"The global online gaming industry is expanding at a pace that even seasoned analysts find striking. Its rise is fuelled by a mix of innovative technologies, ever-new player incentives-such as free daily spins no deposit and increasingly immersive games that appeal to a broad and international audience. Let's look at some numbers for this incredible growth and how it impacts the economy everywhere."
"But beyond revenue, it's the employment footprint that often goes unnoticed. The UK's broader games industry-spanning console games, mobile apps and digital entertainment-supports thousands of highly skilled jobs nationwide. Within iGaming specifically, roles in compliance, tech engineering, marketing and customer operations continue to expand, reaching far beyond London into rapidly growing regional tech hubs. This industry is set to show no slowings or stopping in the foreseeable future."
Global online gambling revenue reached USD 93 billion in 2024 and is projected to rise to USD 172.8 billion by 2033. Europe leads growth due to digital maturity and established regulation, while mobile devices accounted for 72% of iGaming revenue in 2023–2024. South-Asia is beginning to show strong adoption. In Britain, remote gaming generated £6.9 billion in Gross Gambling Yield (GGY) in 2023–2024, contributing to public finances and poverty relief. The broader UK games industry supports thousands of skilled jobs nationwide. iGaming roles in compliance, engineering, marketing, and operations continue expanding into regional tech hubs.
Read at Business Matters
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