China Online Gambling Market

Market Overview:

The China online gambling market size reached US$ 10.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 19.0 Billion by 2032, exhibiting a growth rate (CAGR) of 6.4% during 2024-2032. The growing popularity of online gaming, increasing utilization of smart devices, and rising awareness about the benefits of using cryptocurrency represent some of the key factors driving the market.

Online gambling refers to virtual betting activities over the internet wherein players bet and win or lose real money. It relies on computer programs that moderate the betting sessions and eliminates the requirement of interacting with other players. It can also be accessed via applications that are installed on mobile phones, computers, and laptops. It enables individuals to indulge in gambling from anywhere and at any time without the hassle of traveling and standing in long queues at physical casinos. It also ensures that user privacy is well protected and funds and winnings of individuals are secured from cyber threats. Online gambling offers near-immediate account funding with numerous payment options, such as credit cards, bank transfers, online payment processors, and cryptocurrencies. It also provides various bonuses and lucrative deals, such as reload and very important person (VIP) bonuses, free spins, and free plays, to users to incentivize and improve their experiences. Furthermore, as online gambling is profitable, safe, and easily accessible, its demand is increasing in China.

China Online Gambling Market Trends:

At present, the increasing demand for online gambling, as it is convenient and provides a wide array of games, represents one of the primary factors influencing the market positively in China. Besides this, the rising popularity of online gaming among youngsters, along with the easy availability of premium quality gaming consoles, is propelling the growth of the market. In addition, the growing interactions of individuals with domestic and international gambling websites providing various benefits, such as better rewards and high winning rates, is offering a favorable market outlook in China. Apart from this, the rising utilization of various smart devices, such as smartphones, tablets, and laptops, to access the internet, play online games, and connect with other individuals is contributing to the growth of the market. Additionally, the increasing integration of blockchain technology in online gambling to ensure fairness, security, and transparency and to store data on many currencies and assets is supporting the growth of the market. Moreover, the rising awareness about the benefits of using cryptocurrency in online gambling for safe and fast transactions is strengthening the market growth in China.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the China online gambling market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on game type and device.

Game Type Insights:

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

The report has provided a detailed breakup and analysis of the China online gambling market based on the game type. This includes sports betting (football, horse racing, e-sports, and others); casino (live casino, baccarat, blackjack, poker, slots, and others); and others. According to the report, sports betting (football, horse racing, e-sports, and others) represented the largest segment.

Device Insights:

• Desktop
• Mobile
• Others
   

A detailed breakup and analysis of the China online gambling market based on the device has also been provided in the report. This includes desktop, mobile, and others. According to the report, desktop accounted for the largest market share.

Regional Insights:

• North and Northeast
• Northwest
• East
• South Central
• Southwest
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North and Northeast, Northwest, East, South Central, and Southwest.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the China online gambling market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Report Coverage:

Key Questions Answered in This Report:

• How has the China online gambling market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the China online gambling market?
• What is the impact of each driver, restraint, and opportunity on the China online gambling market?
• What are the key regional markets?
• What is the breakup of the market based on the game type?
• Which is the most attractive game type in the China online gambling market?
• What is the breakup of the market based on the device?
• Which is the most attractive device in the China online gambling market?
• What is the competitive structure of the China online gambling market?
• Who are the key players/companies in the China online gambling market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the China online gambling market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the China online gambling market.
• The study maps the leading, as well as the fastest-growing, regional markets.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the China online gambling industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.