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Reports

Global Economic Impact of Gambling Tax Soars, according to Statista research

Friday 09 de August 2024 / 12:00

2 minutos de lectura

(Waterford).- The economic impact of gambling on national economies has been astronomical from 2020 -2024, according to the latest Statista research. The online gambling market alone is expected to generate an impressive US$97.70 billion by the end of 2024, with an annual growth rate of 6.46% projected to push the market volume to US$133.60 billion by 2029.

Global Economic Impact of Gambling Tax Soars, according to Statista research

Minimum Deposit Casinos (MDC) – a division of the OneTwenty group – explored how governments were spending the gambling tax and the impact of it.

“We looked at the top 5 revenue generating countries in online gambling. It was evident that gambling tax is revolutionizing national economies, fueling vital public services, and spearheading major community and environmental projects. In fact, it has had a profound and life-changing impact globally, showcasing how crucial this revenue stream is for societal well-being and sustainable development,” said Miranda Raaff, MDC Head of iGaming Information.

Top 5 revenue-generating countries in online gambling 2024:

  • United States: US$14.4 billion contributed in direct gaming taxes to government in 2023. $750 million was earmarked for conservation work. The tax was also used for upland management, invasive species removal, flooding and sea-level rise resilience, and water maintenance needs.
     
  • UK: Betting/gaming tax was £3.4 billion in 2023/2024. A significant portion funds the National Health Service and improves healthcare facilities. Part of it used in community projects, roads infrastructure, public transport, and housing.
     
  • Australia: Gambling operators contributed AUS$5.8 billion to government in 2020. A big portion funded public hospitals, medical services, and mental health programs. It also supported public schools, universities, and training programs. Infrastructure like roads, public transport, and public housing also benefitted.
     
  • Germany – €5.2 billion was contributed in gambling tax for 2022. A huge portion funded public hospitals, medical research, and mental health services. Some used for unemployment benefits, housing assistance, and supporting low-income families. It was also utilized for infrastructure, arts/culture programs, and education.
     
  • Canada – Canada receives around CA$9 billion yearly in gambling tax. A huge portion goes to healthcare, social programs, public safety initiatives, environmental protection, infrastructure and more.

    About MDC

MDC, a division of the OneTwenty Group, is an iGaming resource portal that reviews and recommends the most trusted and reliable online casinos globally. MDC conducts thorough vetting of casinos, focusing on security, gaming licenses, responsible gambling tools, and fair gaming practices.

Contact:miranda@onetwentygroup.com

Categoría:Reports

Tags: Sin tags

País: Ireland

Región: EMEA

Event

ICE Barcelona 2026

19 de January 2026

Nadia Popova from EGT on ICE Barcelona 2026:"The new concept of our stand made a strong impression on visitors"

(Barcelona, SoloAzar Exclusive).- In this post-event interview from Barcelona, Nadia Popova, EGT’s Chief Revenue Officer and VP Sales & Marketing shares insights on the company’s standout presence, its “All eyes on us” stand concept, key product highlights, and the strategic partnerships forged at ICE Barcelona 2026.

Friday 20 Feb 2026 / 12:00

Luz Beatriz Jaramillo Serna of 21Viral: “Our presence at ICE Barcelona 2026 was exceptionally positive”

(Barcelona, SoloAzar Exclusive).- Following her participation at ICE Barcelona 2026, Luz Beatriz Jaramillo Serna, Head of Business Development, Marketing and Sales for Latin America at 21Viral, analyzes the commercial impact of the event, the trends set to shape the industry’s direction, and the company’s strategic priorities to consolidate growth across the region and new regulated markets.

Monday 16 Feb 2026 / 12:00

Toni Karapetrov from Habanero on ICE Barcelona 2026: Regulated Growth, Localization and Strategic Expansion Drive 2026 iGaming Strategy

(Barcelona, Exclusive SoloAzar).- In this interview, Toni Karapetrov, Head of Corporate Communications at Habanero, shares insights from ICE Barcelona 2026, highlighting premium content innovation, high-level industry engagement, key iGaming trends such as localization and gamification, and the company’s strategic focus on regulated market expansion and sustainable growth in 2026.

Friday 13 Feb 2026 / 12:00

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