Report of ICODA reveals the booming growth of the crypto gambling market, driven by technological advancements and widespread cryptocurrency adoption.
It reveals impressive growth statistics and painting a picture of a vibrant and rapidly evolving industry. This in-depth analysis delves into recent trends. It showcases how technological advancements and the growing global embrace of cryptocurrencies are fueling the significant expansion of the market.
Key insights for industry stakeholders and observers alike are provided by the report. It highlights the factors driving this new frontier in the world of gambling.
The online gambling industry has experienced a tectonic shift in recent years. The global market reached a respectable value of $37 billion before the pandemic. Nonetheless, the industry experienced a dramatic rush in popularity during the pandemic. By 2024, it slings its worth to over $70 billion. At an impressive pace, this upward trajectory is expected to continue. By 2030, analysts project the market to reach $150 billion. This exponential growth speaks volumes about the iGaming sector’s transformation and its increasing mainstream acceptance.
The allure of crypto gambling has attracted a wave of new participants. The global number of active crypto gamblers skyrocketed to 15 million by the end of the previous year. This 50% increase from 2022 highlights the growing acceptance of cryptocurrencies. It also underscores the accessibility of online platforms. Furthermore, the appeal of blockchain technology’s inherent anonymity and security features is evident.
Recorded in 2023, the sheer scale of activity within the crypto gambling market is evident in the $2 trillion transaction volume. With major cryptocurrencies like Bitcoin and Ethereum at the forefront of this financial revolution, this milestone underscores the increasing trust and engagement in crypto betting.
