Online Gambling

Immerse yourself in the online gaming industry—where advanced technology blends with the excitement of betting, creating a profitable space for digital gaming.

Transforming the future of online gambling today

In the dynamic online gambling industry, the stakes are high, and the potential is enormous. Tech advancements, coupled with surging internet penetration, are driving the market growth. Plus, the investor interest. It adds fuel to the fire, opening a new era of digital gaming and betting.

Why it matters:

Huge market potential and VCs’ enthusiasm provide online gambling startups with a sea of growth opportunities:

  • Mobile-friendly gambling platforms
  • Tech innovations
  • Esports betting
  • Customized and personalized gaming

Between the lines:

Online gambling startups should be aware of potential challenges, not to get lost among unclear regulations, and know how to manage cyber threats and attract venture funding.

We’ve worked with numerous online gambling startups and mastered creating businesses that captivate investors

Secured in investments
Ventures assisted
Fields scrutinized

What we do:

We provide fundraising assistance, manage M&A deals, and deliver strong market blueprints and persuasive pitch decks.

Go deeper:

Explore our online gambling market research to find useful insights on funding, market potential, and challenges.

3x growth
The online gambling market is set to witness an almost triple growth by 2032.


Gamblers are worldwide.

Propelled by tech innovation, wider internet access, and a rising demand for digital betting and gaming

Online sports betting generates the highest revenue in the online gambling market.

110% increase

The volume of revenue generated by online casinos grew from $16.6B in 2019 to $34.8B in 2023.


Is the number of internet users globally in 2022.


In 2022, online gambling startups attracted over $3.2B in funding

Key verticals:

  • Mobile and web-based gambling platforms
  • Advanced gaming technology
  • Esports betting
  • Data analytics and personalization tools

Leading online gambling investors

Write to us to know more

Milestones of online gambling startups

Running an online gambling project is not a piece of cake. And to make the process smoother, startups need to address the following challenges.

Unclear regulations:

The regulatory landscape is a hard nut to crack for online gambling startups. First, regulations are stringent. Second, they vary much across different jurisdictions.

Why it matters

Non-compliance can lead to:

  • Fines and legal sanctions
  • Shutdown of operations
  • Problems with reputation and loss of customer and investor trust

What it takes:

  • Hire legal experts who specialize in online gambling laws
  • Monitor legal changes regularly and be ready to adjust your business and financial models

Tough competition:

The competition in the online gambling space is growing. The overwhelming number of newcomers is flooding the arena. That’s why breaking into the market and gaining a foothold becomes increasingly challenging.

Why it matters

The more crowded the market is, the harder it is for online gambling startups to:

  • Establish their market presence
  • Acquire and retain clients
  • Gain revenue and scale

What it takes:

  • Offer unique gaming experiences to gamblers
  • Implement effective user retention and marketing strategies
  • Build partnerships with established industry players

Cybersecurity threats:

If asked what attracts cybercriminals most of all, the answer is online gambling platforms. They are prime targets for hacking, fraud, and data breaches.

Why it matters:

Such a risky industry nature may lead to:

  • Financial losses
  • Loss of sensitive customer data
  • Loss of user confidence and trust

What it takes:

  • Invest in advanced cybersecurity measures
  • Perform security audits and updates regularly
  • Educate users about secure online gambling practices

Funds hurdles:

The number of startups entering the online gambling space significantly overweighs the capital available. The market is subject to fluctuations. And overall, the industry is highly risky. It all raises the bar of VCs’ expectations and changes their preferences.

Why it matters:

Without proper financial backing, it’s easier for online gambling startups to fall by the wayside. Plus, they’ll face:

  • Limited growth opportunities
  • Tech constraints
  • Strategic limitations

What it takes:

  • Demonstrate a strong understanding and compliance with all the regulations
  • Obtain necessary licenses
  • Present a solid business model
  • Ensure transparency in operations
  • Provide investor education (explain the nature of online gambling, its pros and cons, etc.)


How attractive is the industry to potential online gambling investors?

Many investors are ready to pour money into online gambling projects. They see its future potential, regulatory evolution, and customer interest. Plus, it promises high returns.

If you are an online gambling startup, how easy is it to raise funding today?

It’s not that challenging to attract venture funding, yet startups need to be well-equipped with a robust business model and financial strategy to pitch to relevant investors.

How long does it take to create a pitch deck and financial model for an online gambling startup?

Creating all the documentation typically requires two to three weeks. However, the exact duration may vary depending on the project complexity and the workload of our team.

What are the key mistakes online gambling startups make in their pitch decks?

Many online gambling pitch decks lack coherent investment narratives and appealing intros. Showing only graphs, numbers, and charts to investors is not the best option, as the new ventures must attract attention rather than make them feel bored. Also, some pitch decks don’t answer two essential questions: ‘Why now?’ and ‘What’s your vision/mission?’

How competitive is the online gambling market?

Standing out is not a piece of cake in the online gambling arena. It’s an increasingly competitive space with lots of companies vying for customer and investor attention.

What services do you provide for investors looking to invest or already investing in online gambling?

We help online gambling venture capital firms conduct thorough due diligence on potential beverage projects to determine their investment viability. Plus, we offer full-fledged fundraising assistance to the portfolio companies of our partner funds.

Do you provide online gambling M&A support?

Absolutely! Whether you need help pinpointing M&A perspectives, creating coherent CIMs, or crafting models for buy-side and sell-side deals, we are always at your service.

Do you make intros to online gambling VCs?

If the round size, team, product, etc., correspond to the investors’ needs, we can assist you in contacting famous online gambling VCs. For you to know, this service is only a part of our comprehensive investor relations pack. We set up founders with investors who’ve got a soft spot for online gambling, prepare them to hit it off in their initial meet-ups, and ensure everyone’s kept in the know post-deal.

Do you have available data or research to purchase on the online gambling market?

Absolutely! We specialize in offering customized market intelligence in the online gambling sector. This includes detailed industry analysis, competition assessment, and thorough market studies, all crafted to offer you a competitive advantage. Leveraging reliable data sources, we empower you to fully understand the nuances, potential, and competitive aspects of the online gambling landscape.

Which growth stage of companies have you worked with in the past?

Our team stands ready to assist online gambling startups at every development phase, from Pre-Seed to Series C+ stages. We provide impeccable support in growth and fundraising, helping to steer your venture towards a prosperous future.

Venturing into the online gambling industry? You’re in the right place

Leverage Waveup’s unmatched expertise in fundraising, M&A advisory, and growth hacking to take your project to the next level. Share your email, and let's discuss how we can help!

Have a project in mind?

Leave your information below and one of our experts will be in touch to schedule a call.

Your name:
*Your email:
*You need help with:
Your project is:
Your current stage:
*Your maximum budget:
How did you find us?

Form submitted successfully.

Unlock in-depth insights with our comprehensive industry report!

Unrivaled coverage

Dive deep into industry research with unparalleled depth and breadth

Data-backed decisions

Equip yourself with the analysis and forecasts essential for strategic planning

Pathway to future-proof insights

Understand today’s trends and anticipate tomorrow’s shifts to ensure your business stays ahead

What you get

  • Industry benchmarks: Compare vital financial ratios to gauge business risks effectively
  • Opportunity & threat analysis: Identify and navigate the challenges and prospects inherent in the industry
  • Holistic risk assessment: View the industry from every angle, eliminating blind spots and enhancing strategic decisions
  • Geographic insights: Explore business concentration and global trade nuances to spot unique opportunities
  • Industry competitors & barriers: Recognize key players and understand the challenges new entrants face
  • Credible data presentation: Showcase industry statistics, pain points, and success factors to establish your authority
  • Actionable insights: Transform extensive research into concise, actionable insights for a comprehensive market view
  • Five-year forecasts: Visualize the industry’s growth trajectory and stay prepared for the future