Search
Close this search box.
Search
Close this search box.

New Markets for iGaming – Where will Growth Take Place?

New iGaming market

Online gambling, both in the form of casino gaming and sports betting is an industry that is enjoying significant year-on-year growth. The industry is currently generating around $50 billion in annual revenue, a figure that industry experts predict will treble by 2030.

This growth isn’t just through more people deciding to try online gambling. It is also a result of gambling companies being able to enter new markets due to legal and regulatory reforms. The US online sports betting market has been the most extreme example, but not the only one. Here, we look at three of the world’s emerging iGaming markets. 

Canada

Even in countries where iGaming is prohibited, it is only the operation of an online gambling facility that is illegal. In almost all cases, the law does not prohibit people from gambling online, but they are forced to use online platforms that are based offshore. Canada is a great example of this, and of how changing laws can open up the market.

In 2021, Canadians spent an estimated $2 billion in online wagers using offshore betting platforms. Earlier this year, the province of Ontario started issuing licenses for online casinos to operate legally. With 24 companies now licensed, it estimates that the newly regulated industry will generate $1.5 billion in revenue in 2022 and $3 billion in 2023. It seems beyond doubt that other Canadian provinces such as Quebec will follow Ontario’s lead in the months ahead.

New Zealand

Kiwis are fond of a wager, and New Zealand is home to several impressive land-based casinos such as the historic Christchurch Casino and the Sky City facilities in Auckland, Queenstown, and Hamilton. As was the case with Canada, New Zealanders place well over $2 billion in online wagers each year, and gambleonline.co/en-nz/ shows how many online casino platforms are actively targeting New Zealand gamblers.

It is extra frustrating for New Zealand iGaming businesses such as Cerebralfixis which specialize in developing slot games for the online casino sector yet see them all hosted

offshore. New Zealand has made legal changes to allow some very restricted online betting, but further reform is needed. It will happen in time, but legal wheels turn slowly.

India

The second most populous country on the planet, and one whose people are famed for their love of both tech and sport, India clearly has immense potential as an iGaming market. Like the US, India is comprised of different states, each with its own gambling laws. In most of them, online casinos are prohibited but there are no laws preventing people from gambling at offshore casinos and sports betting sites.

India is currently going through the sort of smartphone revolution seen in Europe and N America years earlier, as a combination of affordable handsets and better connectivity in rural areas make the internet accessible to all. iGaming businesses are targeting Indian clients like never before, and experts predict that the market will quadruple in size over the next 10 years. Several states are already looking to push through regulatory reform so that iGaming platforms can operate legally – and of course, so they can pay taxes on their revenue!


Subscribe to Our Newsletter

Related Articles

Top Trending

violet myers passed away fake news
Exposing the Truth: Debunking the Violet Myers Passed Away Fake News Hoax
greatest famines in history
10 Greatest Famines in the History of World
Avatar The Last Airbender
Avatar' Reigns on Netflix, 'The Abyss' Emerges as Week's Top Watch
Barcelona Revokes Dani Alves' Legendary Status
Barcelona Revokes Dani Alves' Legendary Status: Shocking Update!
February 28 Zodiac
February 28 Zodiac: Personality Traits, Compatibility, and More

LIFESTYLE

Egyptian Cotton Sheets for Your Bed
A Beginner's Guide to Choosing the Perfect Egyptian Cotton Sheets for Your Bed
Long Lehenga Choli
Elegance Redefined: Navigating the Diverse World of Long Lehenga Choli Designs
valentines day outfits
Top 20 Trendy Valentine's Day Outfits in 2024 For Every Occasion
eldritch foundry
Unleash Your Imagination With Eldritch Foundry Custom Miniatures
jayda wayda braids
How Long Do Jayda Wayda Braids Last [Durability and Maintenance Tips]

Entertainment

Avatar The Last Airbender
Avatar' Reigns on Netflix, 'The Abyss' Emerges as Week's Top Watch
Taylor Swift Father Photographer Assault Accusation
Scott Swift, Taylor Swift's Dad, Faces Accusations From Photographer
female naruto characters
50 Most Iconic Female Naruto Characters [Ranked]
11 most paused movie scene
11 Most Paused Movie Scenes in Hollywood History
yugenanime
What Happened to Yugenanime: The Reason for Sudden Disappearance

GAMING

Most Played Games at Online Casinos
Discover the Most Played Games at Online Casinos
Crypto Gambling Innovations
Innovations in Crypto Gambling: Shaping the Future of Online Betting
User Experience Design in Online Casinos
The Role of User Experience Design in Online Casino Platforms
New Online Service for Fans of Sports Betting and Casino Games
A New Online Service for Fans of Sports Betting and Casino Games
Are Online Gaming Bonuses Worth Pursuing
Are Online Gaming Bonuses Worth Pursuing These Days?

BUSINESS

Work Life Balance Europe vs America Comparison
Europe vs America: Decoding Work-Life Balance Differences
Romania 28th Place EMEA Private Companies Ranking
Romania Rises to 28th in Top EMEA Destinations for Private Firms - PwC
Employee Advocacy
The Role of Employee Advocacy in Enhancing Your Online Reputation
Top 10 World's Wealthiest Men
Top 10 World's Wealthiest Men: 2024 Rankings Revealed
Complexities of Pricing Algorithms
Navigating the Complexities of Pricing Algorithms

TECHNOLOGY

Google Gemini Conversations Stored Years Default
Google's Gemini Set for Relaunch Post-Racial Controversy: Coming Soon!
Lenovo Transparent Laptop Future Computing
Lenovo's Transparent Laptop: A Glimpse into the Future of Computing
Google Apologizes for AI's Shocking Replies
Google Apologizes for AI's Shocking Replies on Controversial Figures
How to Encrypt Your Gmail Messages
Is Gmail Closing in August? Google Clears the Air
Software Development Career Success Tips
Tips For Succeeding In Your New Career As a Software Developer

HEALTH

Norovirus Cases Surge US Northeast CDC Report
US Norovirus Surge: CDC Highlights Spike in Northeast Cases
Top Healthiest and Unhealthiest Countries
Top Healthiest and Unhealthiest Countries Globally - 2024 Rankings
Best Way to Prevent Gum Disease
What is the Best Way to Prevent Gum Disease?
Norovirus Outbreak Northeast CDC Data
Norovirus Outbreak Hits Northeast: Latest CDC Data Reveals Spread
Brain Stimulation RTMS vs DTMS
Decoding Brain Stimulation Therapies: RTMS vs DTMS Explained