Market Overview 2024-2032:
The Europe online gambling market size reached US$ 40.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 73.1 Billion by 2032, exhibiting a growth rate (CAGR) of 6.6% during 2024-2032. The rising demand for convenient gambling, wide availability of online games, and easy accessibility of online gambling as compared to traditional gambling represent some of the key factors driving the market in Europe.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
US$ 40.3 Billion |
Market Forecast in 2032
|
US$ 73.1 Billion |
Market Growth Rate 2024-2032 |
6.6% |
Online gambling, also known as internet gambling, refers to betting on casinos and various sports over the internet. It comprises poker, horses, slots, blackjack, roulette, and sports betting. It does not involve the physical interaction of players, as all the sessions are managed by computer programs. It is easily accessible through various electronic devices, such as computers, mobile phones, laptops, and tablets, to avoid traveling. It offers cashless transactions, convenience, and privacy while enhancing the real-time experience as compared to traditional gambling. It delivers the winning amount in the bank account electronically and assists in eliminating the need to visit a bank to withdraw money. It also aids in providing fun and entertainment to consumers while earning money. Besides this, as it provides numerous bonuses and promotions to attract a wide consumer base, the demand for online gambling is rising in Europe.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Europe Online Gambling Market Trends:
At present, the rising demand for online gambling, as it ensures authenticity and prevents fraudulent activities, represents one of the key factors supporting the growth of the market in Europe. Besides this, the growing hardware and software innovations in online gambling by various key players are offering a positive market outlook across the region. Additionally, there is a rise in the popularity of casino and sports betting among the masses. This, coupled with the increasing adoption of smartphones, advanced internet facilities, and rapid digitalization, is propelling the growth of the market in Europe. Apart from this, the rising demand for online gambling, as it is an affordable option due to the lower betting limits as compared to traditional gambling, is offering lucrative growth opportunities to industry investors. Moreover, the wide availability of different online gambling websites that offer various games with better options is positively influencing the market. In addition, various benefits offered by online gambling, such as global access, minimum pressure, and profits, are contributing to the growth of the market across the region. Furthermore, the rapid utilization of virtual reality (VR), blockchain, and mobile platforms in online gambling are strengthening the market growth in Europe.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe online gambling market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on game type and device.
Game Type Insights:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
- Sports Betting
- Football
- Horse Racing
- E-Sports
- Others
- Casino
- Live Casino
- Baccarat
- Blackjack
- Poker
- Slots
- Others
- Others
The report has provided a detailed breakup and analysis of the online gambling market based on the game type. This includes sports betting, casino, and others. According to the report, sports betting represented the largest segment.
Device Insights:
A detailed breakup and analysis of the online gambling market based on the device has also been provided in the report. This includes desktop, mobile, and others. According to the report, desktop represented the largest segment.
Country Insights:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
The report has also provided a comprehensive analysis of all the major regional markets, which include Germany, France, the United Kingdom, Italy, Spain, and others. According to the report, the United Kingdom was the largest market for Europe online gambling. Some of the factors driving the United Kingdom online gambling market included the wide range of games and betting options, increasing number of internet users, legalization of online gambling, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the Europe online gambling market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Billion |
Segment Coverage |
Game Type, Device, Country |
Countries Covered |
Germany, France, United Kingdom, Italy, Spain, Others |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Europe online gambling market from 2018-2032.
- The research study provides the latest information on the market drivers, challenges, and opportunities in the Europe online gambling market.
- The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Europe online gambling industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.