Do you often play at online casinos? Or do you favour online casinos over offline casinos? If you nodded yes, you would be surprised to know that the craze for online casinos was not that high before 2020. There are many reasons why online gambling took a turn in 2020.

There have been many technological advances, and people around the world have access to cheap internet. The COVID lockdown also played a major role in attracting new customers to online casinos.

Well, whatever the case, online casinos are definitely attractive due to their best casino bonuses, great customer service, number of games, and other features. In the article below, we will see some statistics on how online gambling has changed since 2020 and try to explore the reasons behind it.

Online Gambling Market Share From 2020 to 2024

Online gambling has grown even bigger in the past few years. In 2020, the online casino market was worth $48.55 Billion. It went up to $59.23 billion in 2021 and $72.17 billion in 2022. Again, in 2023, the casino industry saw a jump in popularity, and online gambling revenue stood at $85.62 Billion.

Coming back to 2024, the Gambling market share is recorded at $97.71 billion. Statista estimates that the online gambling industry revenue will cross the $100 billion mark in 2025 and may go up to $108.15 billion.

Here is the growth percentage of revenue from online gambling from 2020 to 2025:

• Growth percentage from 2020 to 2021 is approximately 22.00%.

• Growth percentage from 2021 to 2022 is approximately 21.85%.

• Growth percentage from 2022 to 2023 is approximately 18.64%.

• Growth percentage from 2023 to 2024 is approximately 14.12%.

• Growth percentage from 2024 to 2025 is approximately 10.68% (expected)

As the data shows, online gambling revenue exploded in 2020 and increased by 20% on average from 2020 to 2023. From 2023 onwards to 2024, growth has slowed, and the market is slowly saturating.

Rise of Online Casinos are Signalling Towards Slow Decline of Offline Casinos

If you have experience playing at both brick-and-mortar and online casinos, you may have noticed a change in your habits after the lockdown period. Being away from offline casinos for so long has made many of us reluctant to leave our homes. When we want to play a casino game now, we often don’t feel like getting ready and going out to a casino. Instead, we simply power up the PC and play any game we want at an online casino.

Well, why not? Online casinos are just as much fun as offline casinos. By signing up at an online casino you can get additional benefits like 24/7 customer support, welcome bonuses, no wait time, live dealer games, and more. Online casinos are like better versions of offline casinos.

However, that does not mean that brick-and-mortar casinos are completely irrelevant. You can not dismiss the fun you have at a card table while people cheer up your winning streaks. You can enjoy a great social life by visiting an offline casino. You can drink, eat, and play casino games and have a fun time at offline casinos.

Both types of casinos have their ups and downs and both offer entertainment for the customers. However, the rise of online gambling since 2020 has proved that online gambling is better than offline gambling.

The Post-Covid Surge in Online Gambling

If you are looking for the reasons why online gambling has grown so much after 2020, then the COVID lockdown was one of the reasons. With the lockdown, people had more time on their hands.

People who always wanted to gamble but could not due to work were able to access casino websites. The number of players signing up for gambling sites increased multifold. This gave the online gambling industry the much-needed boost for rising to the top.