The Australia online gambling market size reached US$ 4.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.2 Billion by 2028, exhibiting a growth rate (CAGR) of 7.09% during 2023-2028.
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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Australia online gambling market report, along with forecasts at the country and regional level from 2023-2028. Our report has categorized the market based on game type and device.
Breakup by Game Type:
- Sports Betting
- Horse Racing
- Live Casino
Breakup by Device:
Breakup by Region:
- Australia Capital Territory and New South Wales
- Victoria and Tasmania
- Northern Territory & Southern Australia
- Western Australia
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, Region
||Australia Capital Territory and New South Wales, Victoria and Tasmania, Queensland, Northern Territory & Southern Australia, Western Australia
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