The Online Casinos market in Norway has been experiencing significant growth in recent years, driven by changing customer preferences and favorable local circumstances.
Customer preferences: Norwegian customers have shown a growing interest in online casinos, as they provide a convenient and accessible way to enjoy gambling activities. Online casinos offer a wide variety of games, including slots, poker, and roulette, catering to different customer preferences. Additionally, the ability to play from the comfort of their own homes or on-the-go through mobile devices has further contributed to the popularity of online casinos in Norway.
Trends in the market: One of the key trends in the Norwegian online casino market is the increasing adoption of mobile gambling. With the widespread use of smartphones and tablets, more customers are opting to play casino games on their mobile devices. This trend is driven by the convenience and flexibility that mobile gambling offers, allowing customers to play anytime and anywhere. As a result, online casinos have been investing in mobile-friendly platforms and developing dedicated mobile apps to cater to this growing demand. Another trend in the market is the rise of live dealer games. Live dealer games provide a more immersive and interactive experience for players, as they can interact with real dealers and other players in real-time. This trend has been particularly popular among Norwegian customers who seek a more authentic casino experience from the comfort of their own homes. Online casinos have responded to this trend by expanding their live dealer game offerings and enhancing the quality of the live streaming technology.
Local special circumstances: The Norwegian online casino market is unique due to the country's strict gambling regulations. The Norwegian government has a monopoly on gambling activities, with only two state-owned entities authorized to offer gambling services. However, online casinos based in other jurisdictions have been able to attract Norwegian customers by offering their services through offshore platforms. This has created a competitive landscape in the market, with online casinos vying for Norwegian customers through attractive promotions and localized content.
Underlying macroeconomic factors: The growth of the online casino market in Norway can also be attributed to underlying macroeconomic factors. Norway has a high per capita income and a strong economy, which has contributed to a higher disposable income for individuals. As a result, more people have the financial means to participate in online gambling activities. Additionally, the high internet penetration rate in Norway has made online casinos easily accessible to a large portion of the population, further driving market growth. In conclusion, the Online Casinos market in Norway is experiencing growth due to changing customer preferences, including the increasing adoption of mobile gambling and the popularity of live dealer games. The market is also influenced by local special circumstances, such as the strict gambling regulations and the competitive landscape created by offshore platforms. Underlying macroeconomic factors, such as the high per capita income and internet penetration rate, have also contributed to the growth of the market.
Data coverage:
The data encompasses B2C enterprises. Figures are based on Gross Gambling Revenue (GGR) and represent what consumers pay for these products and services.Modeling approach:
Market size is determined through a Top-Down approach. We use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global survey), as well as performance factors (e.g., user penetration, price per product, usage) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP, number of internet users, and internet consumption.Forecasts:
We apply a variety of forecasting techniques, depending on the behavior of the relevant market. For instance, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP per capita, consumer spending per capita, and 4G coverage.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Data from the Statista Consumer Insights Global survey is reweighted for representativeness.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
