The top five European online gambling markets
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In 2021 the online gambling industry was worth nearly £54billion. In the past few years it has grown by double-digit growth rates. Europe holds the largest share of the pie with nearly 40% of global turnover. The top European online betting markets are the five bigger markets by revenue value share. The biggest market is Europe with revenues exceeding £32.5billion, followed by the UK, Germany, France and Italy.
The UK is at the top of the European online gambling markets. Almost 59% of all gambling takes place online in the UK. The UK was among the first countries to make online betting legal.
Germany is the second biggest online gambling market in Europe. It has more than £2.65 billion in revenues. Sports betting is leading in terms of revenues followed by lottery and casinos.
France has a lower online gambling market by revenue compared to Germany, but it has the greater online betting market share. French online gaming accounts for 27% of the industry's revenues. Sports betting, poker and casino are the three main online casinos chosen by French gamblers.
Spain comes fourth in the online gambling value share in Europe. The gambling market’s value is nearly £5.3billion. Online gambling”s share is 25% or £1.2billion, with the greatest part of it going to sports betting and casinos. Spanish people also show strong preference for online lottery.
Italy's gambling market value is nearly £11.5 billion. Almost 20% of the total revenues come from online gambling. Sports betting and casinos are popular in Italy. The lottery is hardly ever played online.
