eSports betting has become an increasingly popular activity since the rise of digital gaming. As more players gain access to digital gaming platforms, the market for eSports betting continues to grow. As of 2021, the global market size of eSports betting is estimated to be worth around USD 5.5 billion, and it is expected to grow substantially over the next few years. eSports betting has been made possible through the development of various forms of online betting, including wagering on live sports games, fantasy sports leagues, and betting with real-money exchange platforms such as forex. In recent years, the sheer number of games available to bet on has also grown exponentially, allowing for more opportunities for avid eSports fans and casual players alike to place wagers. Moreover, stats and analytics related to eSports betting have also become more readily available, allowing bettors to make more informed decisions when placing bets on their favorite teams and players. Moving forward, exciting developments such as the introduction of blockchain technology to eSports betting are set to further stimulate the industry.
The casino industry has grown immensely over the past couple of years, with high levels of revenue and increasing customer numbers. According to statistics, annual global revenue from casinos and sports betting is estimated to be around $449 billion in 2020, with the majority of that figure generated by bricks and mortar establishments. On the high street, gambling establishments have seen a dramatic rise in popularity, and with the emergence of online casino platforms, the gambling landscape has evolved even further.
Forex figures for the casino industry have seen a steady increase since 2016, with trading volumes in 2020 estimated to be over $664 trillion. While volatility in 2020 has dropped in certain sectors due to the Covid-19 pandemic, trading volumes remained buoyant in the casino industry as currency traders took advantage of the comparative stability offered by this sector. Margins remain tight but are largely in line with industry standards.
Gambling industry statistics for 2022 indicate that the global gambling market will be worth over $450 billion, with the biggest share of the market captured by the forex market. Forex gambling has seen significant growth in recent years and is expected to continue growing exponentially due to factors such as increasing access to internet connections, a global mobile gaming population and a sophistication in the development and ever-evolving capabilities of online casinos. Forex gambling is on track to reach a total market value of $75 billion in 2022. This corresponds to a quarter of the total gambling market and makes it the third-largest gambling sector. By 2022, it is estimated that there will be over 2 billion active gamblers partaking in online gambling activities across the world.