2024 has been a fascinating year for gambling, and the continued of the gambling industry has helped operators reach new customers and provide them with fully immersive gaming experiences.
The growth of online betting operators has also improved accessibility for millions of customers around the world living in prohibitive states. Countries like Malaysia, China, Saudi Arabia, and certain states in the US all prohibit the operation of some land-based and gambling markets. However, consumers can still access offshore options.
Gambling expert Andreea Stanescu explains that the best online casinos provide users with a high level of security, a wide variety of betting markets and casino games, and a selection of payment options including cryptocurrencies.
With so many exciting developments and betting opportunities, 2024 has been an interesting year for consumers and operators alike.
The Facts and Figures
The US currently tops the charts for the most active gamblers, with double the number of its closest rivals.
- US – 58 million active gamblers
- UK – 29 million active gamblers
- Germany – 29 million active gamblers
- France – 27 million active gamblers
- Canada – 19.3 million active gamblers
As expected, the US also tops the charts for gross gambling revenue (GGR) for 2024, but there are some surprises.
- US $69.5 billion
- UK $18.6 billion
- France $14.9 billion
- Canada $14 billion
- Australia $10.9 billion
- Germany $10.3 billion
The following figures illustrate the online gambling industry has also seen some interesting developments during 2024.
- 176 million active online gamblers
- Sports betting sites and apps have 127.8 million
- Online casinos have 94.1 million users
- Desktop devices are the most used to access gambling sites with 45% of the market
- Europe has the highest portion of the online gambling market at 41%
Gaming Headlines from Around the World
The gambling industry around the world has also seen some massive stories that will affect how consumers are able to gamble in the future.
The Political Impact on Gaming
The US Presidential election has had a positive impact on the gambling industry with the incoming administration expected to expand the online gambling and sports betting markets. Its pro-crypto stance could also prove to be beneficial for the developing crypto-casino industry.
In Europe, the French and UK governments that are now in power also appear to support their respective gambling industries
In Asia, the new Thailand prime minister is set to continue plans to push through legislation that will allow the casino industry to operate in the country.
New York’s License Race Hots Up
A selection of casino operators have submitted bids for three new casino licenses to be issued in New York City with a decision expected sometime in 2025.
Las Vegas Sands, MGM Resorts, Wynn Resorts, and Bally’s are just some of the names in contention.
The Las Vegas Tropicana Closes Its Doors for the Last Time
One of Las Vegas’s most famous casinos has closed its doors for the last time after being active for 67 years. The Tropicana was demolished with the new Oakland Athletics baseball stadium set to be erected in its place.
Swedish Casino Industry Hit by Closures
Casino Cosmopol’s final venue faced closure after a government proposal. The company’s Malmo and Gothenburg operations were already closed in February, and their final venue in Stockholm narrowly avoided the same fate in May.
The End of the Road for the Macau Jockey Club
Macau’s horse racing industry came to an end after their Jockey Club was closed in April. The Taipa Racecourse hosted the final meeting on March 30th.
UAE Issues Gaming Licence for the First Time
Wynn Resorts won the rights to the UAE’s first gaming license with its Wunn Al Marjan Resort set to open sometime in 2027.
Vietnamese IR Plans Hang in the Balance
Vietnam’s proposed $2 billion integrated resort is in doubt following the poor performance of the Corona Casino pilot project. A poor transport infrastructure and documentation process for locals is being blamed.
Germany’s Gauselmann Group Changes Its Name
The largest gaming group in Germany changed its name to the Merkur group. For 67 years, the Gauselmann Group has dominated Germany’s gambling industry. The Merkur brand has been prominent in the country since the ’70s as a developer, producer, and distributor of gaming systems and machines.
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