According to a market research study published by Zion Market Research, the demand analysis of Global Online Bingo Gambling Market size & share revenue was valued at around USD 60.01 billion in 2022 and is estimated to grow about $145.43 billion by 2030, at a CAGR of approximately 11.70% between 2023 and 2030.
The key market players are listed in the report with their sales, revenues and strategies are 888 Holdings, Kindred Group, Bet365, GVC Holdings, Gamesys Group, Jackpotjoy, Mecca Bingo, Foxy Bingo, Gala Bingo, Tombola, Paddy Power, Ladbrokes, William Hill, Unibet, Playtech, Microgaming, Virtue Fusion, Jumpman Gaming, Rank Group, Stride Gaming, Daub Alderney, Bwin, Stars Group, Dragonfish, and Relax Gaming amongst many others.
San Francisco, NFAPost; Online Bingo Gambling Market size & share in terms of revenue was valued at $60.01 billion in 2022 and it is expected to surpass around $145.43 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 11.70% during the forecast period 2023 to 2030.”
The global online bingo gambling market size was worth around $60.01 billion in 2022 and is predicted to grow to around $145.43 billion by 2030 with a compound annual growth rate (CAGR) of roughly 11.701% between 2023 and 2030.
The online bingo gambling industry encompasses several online platforms and services that offer online bingo games for real money transactions.
It involves provisions and space for virtual bingo games, where players can participate in a digital format from their computers, smartphones, or other internet-enabled devices. There are several bingo gambling variations present in the industry including 75-ball bingo, 90-ball bingo, and other variants.
This involves the players purchasing virtual bingo tickets or cards and marking off the numbers when called, aiming to achieve the winning pattern before anyone else in the virtual room. Online bingo operators provide the technological infrastructure, software platforms, and user interfaces necessary for players to participate in the games. They also offer secure payment processing measures, promotional incentives, and customer support.
Global Online Bingo Gambling Market: Growth Factors
The global online bingo gambling market is projected to grow owing to the convenience and accessibility related to these games. Players have access to the games all day and 7 days a week.
They can play the games from anywhere including their homes, while traveling, or during any other activity. Furthermore, online bingo gambling is a form of social interaction since most of these platforms incorporate chat features that allow players to interact with one another.
This social aspect of virtual gaming has proven to be effective in attracting more consumers to the market since it creates a sense of belonging and fosters a more engaging experience.
The online bingo gambling industry is also expected to benefit from the several varieties of gaming options available on the internet. This includes different themes, patterns, and prize structures and hence becomes more lucrative to a wider range of audience. The introduction of innovative features, such as progressive jackpots and bonus games, has also contributed to the market growth.
Online bingo gambling sites provide attractive bonuses and promotions to retain more players. This includes sign-up bonuses, free bingo tickets, cashback offers, and loyalty rewards which may not be available in physical bingo gambling centers.
The global online bingo gambling industry is expected to witness certain growth restrictions owing to the growing competition from other online gambling activities. Furthermore, like any other such activity, online bingo gambling also poses a threat of addiction and the problems that arise due to it.
Some individuals may develop addictive behavior and struggle to control their habits. Additionally, online gambling requires the presence of a robust and secure technological infrastructure and events such as server outages, software glitches, or cybersecurity threats could damage market reputation.
Key Market Players
888 Holdings, Kindred Group, Bet365, GVC Holdings, Gamesys Group, Jackpotjoy, Mecca Bingo, Foxy Bingo, Gala Bingo, Tombola, Paddy Power, Ladbrokes, William Hill, Unibet, Playtech, Microgaming, Virtue Fusion, Jumpman Gaming, Rank Group, Stride Gaming, Daub Alderney, Bwin, Stars Group, Dragonfish, and Relax Gaming amongst many others.
The global online bingo gambling market is segmented based on end-user, device, and region.
Based on end-user, the global market segments are social exuberant, gambling enthusiasts, and others. The industry witnessed the highest growth in the gambling enthusiasts segment. They are people who showcase an extreme passion for different forms of gambling. They tend to enjoy the thrill of taking risks, the competitive aspect of the game, and the potential monetary rewards.
Social exuberant are people who enjoy participating in online bingo gambling activities due to community engagement prospects. They primarily enjoy interacting with other players present in the chat rooms and building higher connections with them. They tend to prioritize the social experience over the monetary aspect of gambling.
The last category includes people who are casual players, occasional gamblers, and individuals seeking entertainment or relaxation. The total gambling market in Europe was close to 81 billion euros in 2020 as per Statista.
Based on device, the global online bingo gambling market is divided into mobile and desktop. The former segment registered the highest growth in 2022 due to the growing population that is attracted to mobile platforms due to several reasons. For instance, many people use smartphones and tablets to play these games as they offer ease of use. They are portable devices and can be used on the go.
Players can access their favorite bingo games anytime and anywhere, allowing for greater flexibility and accessibility. These platforms also offer features like touch-screen controls and intuitive interfaces that enhance the gaming experience. The desktop segment is also crucial to industry growth as there is a significant share of consumers who use these tools to play the game. A recent report stated that nearly 80.1% of all online gamblers use mobile phones for these services.
The global Online Bingo Gambling market is segmented as follows:
By End-User
Social ExuberantGambling EnthusiastsOthers
By Device
MobileDesktop
Browse the full “Online Bingo Gambling Market By End-User (Social Exuberant, Gambling Enthusiasts, And Others), By Device (Mobile And Desktop), And By Region
