A new report from yStats.com, Germany-based secondary market research firm, highlights the strength of the European online gambling market. The report, entitled “Europe Online Gambling Market 2019”, reveals that over half of global revenues of the online gambling market are from Europe.
Europe’s Role in the Online Gambling Market
Taking the largest share of the global online gambling market, Europe will continue its growth as a global market contributor. Legislation and legalization have played a role in this process, opening up more legal marketplaces for online gambling. Online gambling penetration in the EU is expected to grow through 2020, as quoted in the yStats.com report.
Double-Digit Growth in Global Online Gambling Revenues Continues
Online gambling consistently makes up a larger share of the global gambling market year after year. Since 2016, global online gambling revenues have experienced double digit growth and this trend is set to persist through 2023, according to a statistic cited in the yStats.com report. The European market adds a great deal of value to the overall global market and exhibits regular revenue growth as well.
The Big Players in the European Market
The United Kingdom is the largest and the most active market for online gambling in Europe. The British online gambling platform bet365 is also a market a leader in Germany, Italy, Spain, and Denmark, ousting local marketplaces in some countries. In terms of expansion, Italy and France’s online gambling markets have been growing rapidly, in regards to numbers cited in the yStats.com report.