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.
Online gambling, also known as virtual gambling, refers to the process of betting on casino or sports-based activities on the internet. It does not involve physical interaction of players and sessions are conducted by computer programs and software. Presently, online gambling is gaining traction in the Asia Pacific region as it offers various benefits, including a real-time gambling experience for players, cashless transactions, customizable budget and accessibility through any electronic device.
The increasing reliance on electronic devices, such as laptops, computers and smartphones, represents one of the primary factors propelling the growth of the online gambling market in the Asia Pacific region. Besides this, the legalization of online gambling in the region is positively influencing the number of individuals who are playing casinos or their preferred sports online. This, in turn, is bolstering the growth of the market. Furthermore, the outbreak of the coronavirus disease (COVID-19) pandemic and the lockdown restrictions imposed by governments of several countries have boosted the number of visitors to gambling and casino websites. This is anticipated to impel the market growth in the Asia Pacific region.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific online gambling market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on game type and device.
Breakup by Game Type:
Breakup by Device:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Base Year of the Analysis
Game Type, Device, Country
China, Japan, India, South Korea, Australia, Indonesia, Others
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Key Questions Answered in This Report
The Asia Pacific online gambling market was valued at US$ 19.5 Billion in 2022.
We expect the Asia Pacific online gambling market to exhibit a CAGR of 11.39% during 2023-2028.
The rising consumer awareness towards numerous benefits offered by online gambling, such as customizable budget, cashless transactions, accessibility through electronic devices, and real-time gambling experience is primarily driving the Asia Pacific online gambling market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing demand for online gambling as a source of indoor entertainment, owing to the temporary closure of various physical casinos across several Asia Pacific nations, during the implementation of stringent lockdown regulations.
Based on the game type, the Asia Pacific online gambling market has been segmented into sports betting, casino, and others. Currently, sports betting holds the majority of the total market share.
Based on the device, the Asia Pacific online gambling market can be divided into desktop, mobile, and others. Among these, mobile exhibits a clear dominance in the market.
On a regional level, the market has been classified into China, Japan, India, South Korea, Australia, Indonesia, and others, where China currently dominates the Asia Pacific online gambling market.
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