This ease of doing transactions on the iGaming platforms has contributed significantly to the rise of the industry. Secure Payment Methods: Payment methods on iGaming platforms have become efficient and safe, increasing player confidence and facilitating seamless deposits and withdrawals.Both industries came together for cross-collaboration and promotion, resulting in exciting developments and rapid growth. The Amalgamation of eSports and iGaming: In recent years, iGaming and eSports have converged to bring together two already thriving industries.

According to TrueList, about 3 billion people worldwide play video games, which will surpass 3.5 billion by the end of 2024.

Technological Advancement: iGaming software, and applications along with graphics and UI have seen dramatic technological overhauls, leading to a massive rise of users onboarding online games.

Regulatory Changes: Many countries including India, Canada, Netherlands, and more legalized iGaming in the span of 5 years, creating a favorable environment for iGaming operators to operate legally and expand their user base in multiple countries.

With this rapid rise of internet absorption even in the developing countries of the world, online games saw growth in the user base, and hence the growth of the industry. close to 5.18 billion people are using the Internet now.

Growth of Internet usage: According to Statista’s report, around 64.6% of the total global population, i.e.

Here are factors that are contributing to the rapid growth of the iGaming sector worldwide. Research and Market reports show that the gaming industry is expected to expand to $252.10 billion by the end of 2023 from $229.39 billion in 2022 at a CAGR of 9%. 6 Factors Contributing to the Growth of the iGaming Industry in 2023 As the digital era continues to unravel, fuelled by the Covid-19 pandemic and the rise of artificial intelligence, the iGaming sector is booming across the globe, more in some regions than others.īefore we jump into the analysis of iGaming trends, market size, share, and industry leaders, let’s thoroughly understand what are the factors that are driving the exponential growth of the industry. In this iGaming Report 2023, we’re going to explore the iGaming market worldwide, growth by region, and trends that are shaping this industry along with market leaders.

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