EU Market
Technological invention means that consumers are now able to enjoy online gambling and betting anyplace, anytime, across Europe.
Because of this technological change, Europe’s internet gaming market is increasing at about 10 percent per year, faster than land-based gambling, such as casinos or bookmaker stores. The financial dimension (or gross profit) of the European online business is anticipated to rise from $19.6 billion in 2017 to $24.7 billion in 2020.
In 2017, the online business had a 20.7percent share of the EU gaming market, compared to online gambling which had a 79.3% share. The internet share of the market is anticipated to rise to 24.9percent in 2020.
The growth in online gaming is also being driven by altering regulatory landscapes in European countries, most of which now have dedicated regulation for online gambling activities.
Europe is a world leader in electronic entertainment
The European market is the largest and most competitive for online gambling. In 2017, Europe had 48.9% share of the global online gambling market and this is forecast to remain relatively steady until at least 2020. [1] With sports betting now legalised in certain US states European organizations are now starting to get a foothold in america market, increasing their influence and deliver their experience into new markets.