The early days of ecommerce can be traced back decades, sluggish until the 2000s, then accelerating rapidly over the last 10-plus years. Online gaming is on a similar trajectory.
- According to Grandview Research, global revenue in iGaming will grow at a CAGR of 11.94% from $75 billion in 2021 to reach $127.3 billion by 2027.
- Playgon is disrupting the $6 billion live-dealer casino oligopoly with its mobile-first, streaming, high-definition platform.
The online gaming industry, also known as iGaming, is of global scale and currently generates an estimated $75 billion in annual revenue. According to Grandview Research, revenue will grow at a CAGR of 11.94% between 2021—2026 to reach $127.3 billion by 2027. The surging growth is undergirded by a number of factors, including the COVID-19 pandemic, technology advancements, increasing and rapidly evolving regulations, and booming consumer demand.