The year of 2022 is predicted to be a big one for online casinos. The number of people who gamble with their computers and phones will increase, as well as those who play at home on games consoles such as PlayStation 4 and Xbox One. With more people gambling, there are also expected to be more big payouts.
The following are the top five online casino markets in the world in 2022, based on estimated revenue:
United States
The United States is the biggest market for online casino in the world. The market is worth an estimated $41.68 billion, and is predicted to continue growing in the coming years. This is in part due to the fact that gambling is legal in many states in the US, and there are a large number of people who enjoy gambling. In terms of the legal states, Nevada is the biggest market, worth $11.02 billion.
China
China is a big market for online casinos for a few reasons. Firstly, gambling is legal in China, and there are a lot of people who enjoy gambling. Secondly, the country has a fast-growing economy, which means that more people have money to spend on gambling. Finally, the Chinese government is investing in the casino industry, which is expected to help the market grow even more. The Chinese online casino market is worth an estimated $27.73 billion in 2022.
The UK
The UK is a big market for online casino, worth an estimated $19.68 billion in 2022. Moreover, the market is growing rapidly, with a growth rate of 7.5% between 2017 and 2022. This is in part due to the fact that the UK has a large population, and many people enjoy gambling. The UK also has a number of well-regulated online casinos, which helps to attract players. The demographic for UK casino players is also diverse, with players from all over the country enjoying casino games.
Germany
Germany is another big market for the online casino niche and worth an estimated $18.49 billion in 2022. The market is growing rapidly, with a growth rate of 9.5% between 2017 and 2022. The main target audience for German online casinos is adults aged 35 to 54. This is because this age group is most likely to gamble, and have the disposable income to do so.
Canada
Canada is the fifth biggest market for online casino in the world, worth an estimated $11.06 billion in 2022. The Canadian market is growing at a fast pace, with a predicted growth rate of 11.5% between 2017 and 2022. This is in part due to the fact that the country has a relatively large population. Apart from that, Canadian players also enjoy playing on mobile and desktop platforms. In terms of demographics, the majority of Canadian players are male, and the average player is about 36 years old.
Conclusion
The top five markets for online casino in the world are the United States, China, The UK, Germany and Canada. These countries have a large number of people who enjoy gambling as well as those with disposable income to gamble. The US is worth $41 billion; China has an estimated value of $27 billion; while the UK has a predicted worth of $19.7 billion in the year 2022. Germany and Canada are both predicted to have a worth of $18.5 billion and $11 billion, respectively.
Though these are the top markets for online casino gambling at the moment, this could quickly change. Countries such as Japan and India have a growing middle class that is interested in spending disposable income on leisure activities like gambling. As more people move to these countries and become part of the middle class, the demand for casino gambling will increase, driving the value of these markets even higher.
