Europe Online Gambling Market Forecast by 2033

Market Size in 2024: USD 43.0 Billion
Market Forecast in 2033: USD 76.7 Billion
Market Growth Rate 2025-2033: 6.3%

The Europe online gambling market reached USD 43.0 billion in 2024 and is projected to grow to USD 76.7 billion by 2033. This expansion reflects a compound annual growth rate of 6.3% between 2025 and 2033, driven by the rising popularity of mobile gaming, live casinos, and favorable regulatory frameworks across the region.

Growth Drivers of the European Online Gambling Market

Rising Internet Penetration and Smartphone Adoption

The online gambling industry is driven by the fact that there is high internet penetration in Europe. The European commission reports that in 2023, internet penetration in Europe had reached 91 percent as compared to 67 percent in 2010. Such pervasive connectivity in combination with more than 459 million subscriptions to smartphones in Western Europe in 2023 has enabled online gambling to become more accessible to people than ever. Sports betting, poker and live casino games can be accessed through mobile friendly websites and specific applications and played at any time and place. This is making mobile gambling grow fast and is thus becoming the channel of online betting revenue.

Technological Advancements and Live Casino Experiences

Europe is undergoing a change in the gambling sphere due to technological advances. Increased connection is being achieved by high-speed internet deployments, including 8Gbps fiber services in Orange Polska in 2024, and the EU Global Gateway program, which invests EUR 300 billion in infrastructure. The innovations facilitate immersive experiences such as live dealer games which are powered by a state-of-the-art streaming technology to simulate the environment of offline casinos. Live chat with professional dealers has also been one of the major attractions among players, which brings a connection between online and land-based gambling. This tendency is likely to lead to the further interest and expanding markets.

Favorable Government Regulations and Licensing Policies

Online gambling is becoming more and more supported by the regulatory environment in Europe. Multi-licensing strategies have been embraced by many countries and various operators are provision of services within strict compliance structures. As an example, in April 2024, 3 Oaks Gaming acquired a license in Class 2 in Romania, increasing its presence in the area. Such policies promote transparency, consumer confidence and competition and the resultant innovation and service quality. Governments are facilitating the growth of both local and foreign players into the market by developing safe and controlled environments thus increasing the market.

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Europe Online Gambling Market Segmentation

Analysis by Game Type

• Sports Betting
  • Football
  • Horse Racing
  • E-Sports
  • Others
• Casino
  • Live Casino
  • Baccarat
  • Blackjack
  • Poker
  • Slots
  • Others
• Others

Analysis by Device

• Desktop
• Mobile
• Others

Analysis by Country

• Germany
• France
• United Kingdom
• Italy
• Spain
• Others

Biggest European Online Gambling Companies:

Some of the key players in the European online gambling market include:

• Betsson AB
• 888 Holdings PLC
• The Stars Group Inc.
• Entain PLC
• Caesars Entertainment, Inc.
• William Hill PLC
• Bet365 Group Ltd.
• Paddy Power Betfair PLC
• Ladbrokes Coral Group PLC

Europe Online Gambling Market News:

• July 2025: Spielbanken Bayern in Germany launched new online live casino solutions with Stakelogic, becoming the first German state to offer regulated live casino games.
• May 2024: Live88 introduced a new iGaming platform, offering premium casino titles with customizable branding options for operators.
• May 2024: BF Group unveiled an upgraded platform tailored for both sports betting and casino operators, enhancing user experience.
• April 2024: Kaizen Gaming partnered with BVGroup to launch its Betano brand in the UK, expanding its footprint in the European market.

Key highlights of the Report:

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.

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