The Economics of the Global Online Gambling Business – How Big is it Really?
The global online gambling market is estimated at $78 billion and growing, significantly impacting the global economy through employment, taxes, and related industries.Summary
The global online gambling business is a substantial and rapidly growing market, projected to reach $100 billion by 2030. While smaller than traditional land-based gambling, video games, or online video streaming, it surpasses the recorded music industry in revenue. Beyond direct revenue, the industry supports 1.15 million jobs globally and generates significant tax revenue, exemplified by £3.8 billion in the UK in 2025. A substantial, though hard-to-quantify, portion of the economic impact comes from ancillary sectors like tech development and marketing, estimated at $20 billion. Key figures in the industry include Denise Coates (Bet365), Mark Scheinberg (PokerStars), Teddy Sagi (PlayTech), and Ed Craven (Stake.com), demonstrating diverse paths to success within the online gambling landscape. While not yet producing billionaires on the scale of the world’s wealthiest individuals, the industry provides substantial income for professional gamblers, poker players, and influencers, further highlighting its economic reach.
(Source：Finbold)