A recent report by Mordor Intelligence forecasts robust growth in the Asia-Pacific gambling market, expecting a Compound Annual Growth Rate (CAGR) exceeding 6% from 2024 to 2029. This growth is primarily attributed to casinos in key Asia Pacific locations such asMacau, Singapore, and the Philippines.

Mordor Intelligence's analysis covers both online and offline revenues, including various games like live casino, Baccarat, blackjack, poker, and slots. In 2023 alone, the sector generated an estimated $2.02 billion in revenue.

Despite COVID-19's impact on land-based casinos, resulting in closures or reduced operations, the report highlights a positive trend towards online gambling, driven by increased mobile gaming and internet gambling activity.

With the widespread use of mobile phones and internet accessibility, online gambling has become more convenient, with Asia leading in high-stakes online betting. The report notes that 71.6% of players prefer mobile betting.

The report also anticipates significant growth in the Indian online gaming industry, projecting a potential market value of $4.6 billion by 2026.

Furthermore, regulatory changes across Asia-Pacific countries, legalizing online gambling and ensuring player safety, are contributing to market growth. Technological advancements such as Virtual Reality (VR) and Augmented Reality (AR) are enhancing the online gambling experience.

Despite challenges, the report concludes that the Asia-Pacific casino gambling market remains dynamic, with the online sector emerging as a key driver of growth.