We must go back to 1994 to find the birth of iGaming, with Antigua and Barbuda passed the Free Trade and Processing Act (FTPA) and established itself as a jurisdictional body for online casino gambling. Microgaming developed online gaming software in the same year and in 1996, InterCasino was the first iGaming site to accept real money wagers. The global iGaming industry has developed hugely since the mid-90s but how lucrative is it today?
iGaming Revenue in 2025
We will not know the official iGaming revenue for 2025 until early 2026 but it is estimated that the iGaming industry will be worth $471 billion in 2025. Only once since 2017 have we seen a year when revenue in the global iGaming industry dropped and that was in 2020. It was a tough time for all businesses in 2020, so it comes as no surprise to see a drop in revenue but it quickly picked up in 2021 and has continued to rise ever since. The predicted annual growth rate of revenue in the iGaming industry is 3.4% and that means, by the time we reach 2029, the iGaming market will be valued at $538 billion, which is incredible. There is no doubt the global iGaming industry is lucrative but what is it about iGaming that makes it so popular?
Why is iGaming so Lucrative?
The iGaming industry must keep up with the latest technology and such is the competitive nature of the market, every company is pushing the boundaries of possibility. From live casinos to crash games to mobile casinos and cryptocurrency, iGaming is always at the forefront of technology. A fast withdrawal online casino is necessary as players do not want to wait to receive their winnings. We live in a society where consumers want things instantly and online casinos and sportsbooks are no exception. The iGaming industry continues to make so much money because it is willing to take bold steps to create an in demand product.
The Most Lucrative Industries in the World
If we look at the most lucrative industries in the world, it is easy to see why the global iGaming industry stands to be worth over $470 billion in 2025. Consumer electronics is the fourth largest industry in the world and without having devices like laptops and mobile phones, people would not have access to online gambling sites. Internet retail is the sixth largest industry in the world and infrastructure software, such as Microsoft, is the second largest industry in the world. All three of these industries have a role to play in the iGaming industry because without them, iGaming would not exist.
As the consumer electronics industry continues to develop new and wonderful devices, so the iGaming industry can take advantage of the developments to improve their own product. With artificial intelligence beginning to enter our everyday lives, it will be interesting to see how the iGaming industry adopts AI and uses it to grow bigger and become more lucrative in the next five years.
Disclaimer: Gambling carries significant financial risks, is potentially addictive, and may violate laws in your area. Please gamble responsibly within your means, and ensure compliance with all applicable regulations before proceeding. This content is for informational purposes only.
