South Korea Online Gambling Market Size, Share, and COVID-19 Impact Analysis, By GameType (Sports Betting, Casino, and Others), By Device (Desktop, Mobile, and Others), and South Korea Online Gambling Market Insights, Industry Trend, Forecasts to 2035.

South Korea Online Gambling Market Insights Forecasts to 2035

• The South Korea Online Gambling Market Size was estimated at USD 9.00 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of around 2.63% from 2025 to 2035
• The South Korea Online Gambling Market Size is Expected to Reach USD 11.97 Billion by 2035

According to a research report published by Spherical Insights & Consulting, the South Korea Online Gambling Market Size is anticipated to reach USD 11.97 Billion by 2035, growing at a CAGR of 2.63% from 2025 to 2035. The market is being driven by a number of factors, including the proliferation of smartphones and better connectivity, the increasing use of the internet, the rapid advancements in technology, the growing integration of live dealer games, virtual reality (VR), and augmented reality (AR), the legalization of online gambling in several jurisdictions and changes in regulations, and the expansion of marketing and advertising campaigns by online gambling operators.

Market Overview

The South Korea online gambling market refers to the casino games, sports betting, and social or cryptocurrency-based gambling formats are all aspects of the digital ecosystem of platforms, services, and technologies that make up the South Korean online gambling market. Additionally, the ability to gamble conveniently from the comfort of one's home or mobile device is the main factor driving the market in South Korea. A wide range of people worldwide can now access online gambling thanks to the expansion of smartphones and rising internet usage. By adding cutting-edge features like virtual reality and live dealer games, the industry's dedication to innovation and technological advancements has improved user experience, increased engagement, and drawn in a new generation of players. Further, a major factor propelling market expansion has been the expansion of legalization initiatives and regulatory changes. Legal frameworks are changing to create a safer and more transparent environment as more areas realize the social and economic benefits of regulated online gambling. This has increased consumer confidence and drawn trustworthy operators, which has helped the market as a whole.

Report Coverage

This research report categorizes the market for the South Korea online gambling market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea online gambling market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea online gambling market.

Driving Factors

The marketing tactics used by online gambling operators have been crucial in helping them reach a wider audience and draw in new customers. Potential players have been successfully drawn in by aggressive digital marketing campaigns that frequently make use of social media and targeted ads. The sector's capacity to develop alluring bonuses, promotions, and loyalty schemes has further encouraged involvement, resulting in client retention and steady market expansion. Another important factor has been the industry's diversification of offerings. Traditional casino games, sports betting, poker, and newer trends like esports wagering are just a few of the many options available on online gambling platforms today. Because of this diversity, there is something for all kinds of gamblers, which increases the allure of online gambling and boosts user engagement.

Restraining Factors

Except for a few exceptions, such as Sports Toto and Korea Racing Association betting, online gambling is strictly forbidden for South Korean nationals. Due to this legal void, a large portion of activity is forced into the gray or illegal market.

Market Segmentation

The South Korea online gambling market share is classified into game type and device.

• The casino segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea online gambling market is segmented by game type into sports betting, casino, and others. Among these, the casino segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is driven by the popularity of live dealer games, which provide immersive gaming experiences and mimic real-world casino settings. Strong demand for mobile-accessible platforms that let users play whenever and wherever they want, as well as the quick growth of social and cryptocurrency-based casino games which appeal particularly to younger, tech-savvy users looking for interactive and decentralized gaming options further support this trend.

• The mobile segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea online gambling market is segmented by device into desktop, mobile, and others. Among these, the mobile segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Since the nation's high smartphone adoption rate and quick mobile internet speeds, which enable gaming almost anywhere. The popularity of mobile-optimized casino and sports betting apps, which provide users with ease, real-time gameplay, and smooth navigation, enhances this benefit. Additionally, a younger, tech-savvy population is favoring gaming while on the go more and more, which is contributing to mobile platforms' dominance in both low-stakes and high-stakes online gambling.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea online gambling market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• High1 Resort
• DoubleU Games
• Kortek Corporation
• GKL
• Paradise Casino
• Others

Recent Developments:

• In October 2023, White-label online gaming platform providers like Kzing offered operators responsive websites and even apps with local language options and payment gateways tailored to the South Korean market.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea Online Gambling Market based on the below-mentioned segments:

South Korea Online Gambling Market, By Game Type

• Sports Betting
• Casino
• Others

South Korea Online Gambling Market, By Device

• Desktop
• Mobile
• Others