In the past year, the gambling industry in European countries set a record for gross gambling revenue.
The gambling market is rapidly developing worldwide, and Europe is no exception. In 2024, the European gambling sector set a new GGR index record, reaching 137 billion euros. Notably, 40% of the total gross revenue came from 18 casinos and other operators providing services online.
Overall, the European market saw a growth of 4.58%, with the GGR standing at 131 billion euros in 2023. The online segment of this market grew significantly, reaching 51 billion euros.
According to reports, the most profitable sector in the gambling industry in Europe is lottery ticket sales. This market generated 38 billion euros in earnings for operators. As for bookmakers, betting operators earned 33 billion euros, and land-based and online casinos earned 30 billion euros in gross profit. Experts believe that these trends will continue, with lotteries and bookmakers maintaining their dominance in the European market in 2025.
Additionally, analysts from Statista have shared their forecasts regarding the global capitalization of online gambling. By 2025, they predict the online gambling market will reach 107.7 billion dollars, and by 2029, the CAGR index will set a record at 133 billion. There is also an expected rise in the number of active users engaged with online casinos, with projections estimating 291 million active players by 2029.