Gambling has been around for millennia, but only recently has it become one of the main sources of entertainment.
When it comes to technology, it seems logical that gaming would be a forerunner in the growth and advancement of the industry.
For this reason, the game is now accessible to everyone, anywhere in the world, at any time thanks to the Internet and all its advantages.
The online gambling industry has become an integral part of this transformation, with many countries relying on online gambling as a source of money and entertainment.
Accordingly, today you are going to be looking at ten nations that are making a lot of money betting on the internet.
Online casino revenues in the top ten countries
Flashy images of Las Vegas come to mind whenever gambling is mentioned.
A long-held stereotype is that the United States is a country of gamblers.
However, contrary to popular belief, the United States is not the most prolific player in the world.
In fact, some of the most prolific players in the world come from countries considered the least suspect.
Online gambling in Europe has grown rapidly over the past few years.
Online gambling is expected to grow at a staggering CAGR of 9.2% between 2020 and 2025, far outpacing the expected growth of land-based casinos over the same period.
About 1.6 billion people around the world participate in online gambling.
Nevertheless, the global online gambling industry continues to show that it is truly one of the fastest growing sectors in the entertainment world.
#1. united states of america
Along with Macao, the United States remains the world’s largest market for online gambling, thanks to Nevada’s open casino sector.
Casinos are still permitted in a few states, either on tribal reservations or under private management, although the majority of states prohibit internet gambling.
State lotteries are also available in the majority of US states.
It was in 2013 that the first states began to regulate online gambling: Nevada, New Jersey and Delaware.
Both Delaware and New Jersey have legalized online casinos and poker businesses in Nevada.
Everywhere, sports betting on the internet is illegal.
Gambling enthusiasts also make up a large part of the population of this country, which is also one of the most populous in the world.
Sports betting is the main focus here. Macau is well known for being the only legal gambling jurisdiction in China.
Due to its huge popularity among tourists, it has become one of the largest online gambling markets in the world.
All forms of gambling have been banned in the rest of China.
The lottery, along with sports betting, brings in around $50 billion in revenue every year.
Macau-based casinos bring in an additional $21 billion, with VIP players accounting for two-thirds of that total.
Gross gaming revenue in France was €12.2 billion in 2019.
In addition, in 2019, approximately 17.4 million French people in France participated in gambling activities.
Unlike the rest of Europe, France is a fairly gambling-friendly nation.
All forms of gambling are authorized and controlled in this country.
Card games, live casinos, sports betting, and horse racing betting can all be found at land-based gambling establishments.
With the exception of casino games, all of these forms of gambling may be offered by Internet providers.
Casinos, as well as online gaming companies, can be found all over France.
In 2019, gross gaming revenue was $18.1 billion.
Since the Roman period, Italy has a long history with the game.
No one can refute the fact that Italians have a penchant for gambling.
Gambling, betting and lotteries are all allowed in the United States.
Compared to the game rules of other European nations, those of Italy are considered somewhat lenient in comparison.
Online casinos, gambling and poker tournaments all contributed to the Italian gambling industry’s betting total of €110 billion in 2019.
In 2019, gross gaming revenue in Spain was $8.9 billion.
Codere casinos receive approximately 1.9 billion euros per year from Spanish players, which equates to approximately 480 euros per person or 15% of the average net family income in Spain.
The purpose of this Spanish gambling law was to oversee betting sites in Spain, allowing Spanish players to participate in popular Spanish online casinos as well as existing lottery companies LAE and ONCE to continue offering their games.
Canadians are more likely to engage in online casino betting than residents of most other countries, with around 75% of the population participating regularly and spending an average of C$750 per year on the hobby.
Many of the most famous online casinos will obtain their licenses from the Kahnawake Gaming Commission in Canada.
The sophisticated casino rating system of casino review sites can be one of the best ways to browse the possibilities and discover some of the most reliable sites and the best offers.
In 2019, gross gaming revenue was €14.3 billion.
German gaming revenue is expected to reach 3.3 billion euros before 2024, according to industry projections.
Presidents from around the world met in 2020 to discuss the legalization of the online gambling industry, which included online casinos as well as online poker.
Online casinos now have the ability to offer poker, slots and sports betting to German players following recent legislative changes.
Despite having the strictest gambling laws in the world, the UK is known to have the strongest and most financially secure online gambling business.
UK licensed online gambling companies are further required by the UK Gambling Commission to use GamStop and its self-exclusion program.
With a huge share of the global gaming industry, the UK is a major player.
The UK Gambling Commission estimates that gambling revenues in the country totaled $19.2 billion between April 2019 and March 2020.
In terms of overall revenue, online games account for around 40% of that.
When it comes to Internet games, the Poles are among the early adopters.
No Polish online casino currently exists due to a lack of licenses for companies to set one up, but Polish citizens will be allowed to open accounts at casinos located elsewhere.
In Poland there seem to be a lot of players.
There are hundreds of bets on casino games as well as sports betting every day.
Online casinos, land-based casinos, lotteries and sportsbooks approved by the Polish government all allow its customers to place bets legally.
Both in terms of eliminating taboos regarding the gambling industry and in terms of filtering and controlling the regulated online gambling sites it allows to operate, Japan is an anomaly among Asian countries.
Due to the high level of security and the desire for online betting by the Japanese, they spend around $20 billion every year.
Like the UK, alternatives available to Japanese are likely to be legit.
Final words on the online gambling market
Regardless of the size of the online gambling market we are looking at, gambling seems to be doing well.
In terms of betting on traditional and virtual games, this is the best time ever.
Despite this, Asia-Pacific, North America and Europe remain the top three regions for gaming revenue by nation.
We could soon see Irish casinos for players emerge as the global leader in iGaming as more and more states open their doors to the global online gambling market.