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The Australia online gambling market reached a value of US$ 4.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.6 Billion by 2027, exhibiting a CAGR of 8.1% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Online gambling or electronic gambling involves the process of placing bets with the help of a bookie, betting shop and other gambling enterprises. Unlike conventional gambling, it is conducted via the internet, which provides a wide range of advantages, such as convenience, free games, bonuses, loyalty points, global access, and a wide range of payment options. In Australia, the introduction of new forms of online gambling like lottery terminals, keno, and instant scratch tickets have gained popularity across the country. Online gambling platforms also attract the younger generation and reach people who do not have access to casinos or bars.
The Australia online gambling market is primarily driven by the inflating income levels, coupled with the increasing reliance on smartphones in the region. As a result, the leading players are launching online gambling applications that can be easily accessed through mobile devices or tablets. The market is also being propelled by the increasing penetration of the internet, which has helped consumers interact with domestic and international gambling websites and mobile applications. Moreover, the advent of advanced technologies, such as 3D animation, virtual reality (VR), and blockchain, is creating an immersive experience for the player and assisting in maintaining the transparency of gambling activities.
IMARC Group provides an analysis of the key trends in each sub-segment of the Australia online gambling market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on game type and device.
Breakup by Game Type:
Breakup by Device:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | US$ Billion |
| Segment Coverage | Game Type, Device, Region |
| Region Covered | Australia Capital Territory and New South Wales, Victoria and Tasmania, Queensland, Northern Territory & Southern Australia, Western Australia |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The Australia online gambling market was valued at US$ 4.0 Billion in 2021.
We expect the Australia online gambling market to exhibit a CAGR of 8.1% during 2022-2027.
We expect the Australia online gambling market to exhibit a CAGR of 8.1% during 2022-2027.
The rising integration of online gambling with Virtual Reality (VR) and blockchain tools, along with the advent of bitcoin gambling, is primarily driving the Australia online gambling market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from physical casinos towards online gambling activities owing to the implementation of stringent lockdown regulations across the nation.
Based on the game type, the Australia online gambling market has been segregated into sports betting, casinos, and others. Among these, sports betting holds the largest market share.
Based on the device, the Australia online gambling market can be bifurcated into desktop, mobile, and others. Currently, desktop exhibits a clear dominance in the market.
On a regional level, the market has been classified into Australia Capital Territory and New South Wales, Victoria and Tasmania, Queensland, Northern Territory & Southern Australia, Western Australia, where Australia Capital Territory and New South Wales currently dominate the Australia online gambling market.
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