Gambling market size

Gambling is one of the most popular entertainment activities worldwide, and people worldwide spend millions of dollars annually gambling at online and offline casinos.

According to Statista, the gross gaming yield (GGY) of the casinos worldwide is estimated at $115 billion in the year 2016, and is estimated to increase to $130 Billion by the year 2019. A very large part of this revenues is from land based casinos, and they account for approximately 94% of the GGY of the casinos worldwide.

However though online gaming accounts for lower revenues, approximately 10% of the gross wins are from online gaming, indicating that online gambling is more lucrative than offline gambling.