What Are the Biggest Online Casino Markets in the World?

The iGaming industry is one sector that has been able to experience a huge amount of growth in recent years, with the continued improvement in services and technology likely to have been amongst some of the biggest factors, as well as the changing of restrictions within various countries.

According to some of the latest figures that have been provided, the iGaming industry is said to be worth around 59 billion U.S. dollars at the moment, with it forecasted to almost double in size and reach a value of more than 92.9 billion U.S. dollars in 2023, thus emphasizing just how big the market sector is.

Naturally, there are a number of countries around the world that will have had a huge influence on helping the industry to become as big as it is. However, what are the biggest online casino markets in the world currently, and why are they deemed to be amongst the biggest?

Canada

Canada has managed to grow into one of the biggest online casino markets in the world, with players in the country able to use a number of trusted operators such as the Casumo online casino platform for all of their wagering needs safely and securely.

Indeed, the rather liberal rules that the North American nation has had towards iGaming firms for a number of years have helped the region to continue to grow, especially as more and more continue to enjoy the games that have been made available to play.

The Kahnawake Gaming Commission can be found in Kahnawake which is just outside Montreal, and this is one of the biggest gambling licenses that are available for operators to try and obtain.

The United Kingdom

The United Kingdom is known for being rather passionate and favorable to gambling activities, which is why it perhaps should not come as a surprise to learn that the market is also one of the biggest in regard to online casinos.

With the use of the license that can be obtained from the UK Gambling Commission, the casinos that operate within the country are amongst the safest possible to use, therefore providing bettors with the optimal conditions that they require when looking to enjoy an online betting experience.

Additionally, due to the favorable conditions that are on offer, the UK has become more of an attractive market for players and operators. According to recent data, the number of players who have started to use online casinos has managed to grow, whilst the total gross gambling yield (GGY) in the year April 2019 to March 2020 was £14.2bn.

Europe

When thinking of a region that could be the biggest online casino market, many may have assumed Asia would be the leader, however it would seem that Europe actually appears to have a greater affinity to gambling than they do.

Indeed, there are a number of countries where gambling is an extremely passionate activity for many, with Scandinavia perhaps home to a collective of countries that certainly enjoy gambling as a pastime. Many from countries such as Sweden, Norway, and Finland all tend to enjoy an online casino experience, whilst nations such as Germany, France, and The Netherlands all boast large numbers when it comes to online gamblers.

Naturally, this could be down to the licenses that are available within the region that protect players, with a UK license and a Malta Gaming Authority license available, although many can use the operators who have licenses in Curacao and Kahnawake, too, due to the relaxed regulations that are in place.

With this in mind, it is perhaps hardly a surprise to learn that Europe collectively is one of the biggest online casino markets in the world.