Global Online Social Casino Market Strategies 2024, Forecast To 2033

The online social casino market size has experienced strong growth in recent years, projected to rise from $7.82 billion in 2023 to $8.51 billion in 2024, reflecting a compound annual growth rate (CAGR) of 8.8%. This growth during the historical period is driven by the integration of gaming entertainment with digital technology, increasing smartphone penetration, growing acceptance of online gambling, enhanced digitalization, and improved internet access. In the forecast period, the online social casino market is expected to expand significantly, reaching $12.11 billion in 2028, with a CAGR of 9.2%. Factors contributing to this anticipated growth include the rapid expansion of the gaming industry, increased adoption of online and mobile gaming, a rising number of social media users, heightened investment in mobile gaming advertising, and a reduction in regulatory restrictions. Notable trends during this period will feature greater integration of artificial intelligence and machine learning, technological advancements, the emergence of social and community features, the introduction of hybrid monetization models, and the incorporation of gamified elements in non-gaming applications.