How Big is the European Gambling Market?
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The European gambling market revenue increased by 7.5% in 2021. The online gambling industry grew by 19%. The land-based gambling sector has only experienced a marginal increase of 0.4%. Sports betting accounts for 40% of the gross gaming revenue of Europe's online betting market. Poker accounts with 5%, bingo with 3%. The Netherlands introduced online gaming regulations in the year 2021, which has helped the market grow. It's estimated that 82.7% of all online casinos in Europe are regulated. They earn revenue through gambling websites or apps.
Czech Republic has the most casinos in Europe. France has had the highest number of land-based casinos with more than 33 million visits in one year. Great Britain has a large casino sector with over 1.6 billion Euros’ worth of gross gambling revenues from casinos.
Experts believe that online gambling will continue to dominate majority of the European gambling industry. In 2021, an estimated 50.5% of online bets were placed via mobile devices like smartphones and tablets. Mobile betting will account for 61. 5% of all online bettings within the next five years. Sweden's online betting market comprises more than 66.2% and Denmark, UK, Finland, and Romania have more more than 56%.
