Predictions Are a $155.4 Billion Online Poker Industry by 2030 – Report

A recent study by Research and Markets forecasts a bright future for the global online poker industry. It predicts that the industry, valued at $59.4 billion in 2022, will soar to $155.4 billion by 2030. This growth represents an impressive annual rate of 11.1%.

The report identifies key trends and technological advancements as major growth drivers. These factors are enhancing the offerings of various operator platforms, making online poker more appealing. The market is segmented into gambling enthusiasts, dabblers, and social exuberants, all expected to contribute to the industry’s expansion. The report projects that by 2030, the global online poker market will hit $193.8 billion, growing at a compound annual growth rate (CAGR) of 11.5% from 2024.

The study emphasizes the increasing use of the internet and smartphones as significant contributors to the market’s growth. The popularity of poker games is also on the rise. Among the various market segments, smartphones are expected to experience the highest growth. This is attributed to the growing preference for mobile-friendly poker games, known for their accessibility, engagement, and convenience for players globally.

In terms of specific sectors within the market, the gambling enthusiast segment is set to see the most significant growth. This surge is due to a focus on high-quality games that are easy to use and offer attractive prizes and promotions.

Geographically, Europe is poised to experience the most substantial growth in the online poker market over the forecast period.

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Key players in the online poker industry, according to the report, include Tencent, Partypoker, Baazi Games, Bovada, Pokerstars, American Cardroom, Ignition, Pocket52, Arkadium, and Delta.

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