Europe Online Gambling Market Growth, Trends, Size, Demand, Revenue, Share and Future Outlook
Europe Online Gambling Market Size- By Game Type, By Device- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Oct-2023 | Report ID: IACT23166 | Pages: 1 - 153 | Formats*: |
| Category : Information & Communications Technology | |||
Europe Online Gambling Market Introduction and Overview
According to SPER Market Research, the Europe Online Gambling Market is estimated to reach USD 85.89 billion by 2033 with a CAGR of 7.8%.
The report includes an in-depth analysis of the Europe Online Gambling Market, including market size and trends, product mix, Applications, and supplier analysis. Online betting on casinos and sports, including poker, slots, blackjack, roulette, and sports betting, is referred to as gambling online or internet gambling. Since it is made possible by computer programmes, there is no longer a necessity for actual presence. It is accessible through electronic devices like computers and smartphones and provides cashless transactions, ease, and privacy, increasing in-the-moment experiences. Electronic deposit of winnings eliminates the need to visit the bank. The demand for online gambling is rising in Europe as a result of bonuses and promotions drawing in a wide consumer base. It reflects a developing trend in the area and offers enjoyment while allowing users to make money.
- July 2021: In collaboration with sportsbook supplier Sportnco, Betway unveiled a brand-new website targeted at French users. Players in France were expected to have access to betting opportunities on a variety of sporting events and tournaments through Betway.fr and its companion mobile apps.
- March 2021: Flutter Entertainment and Playtech agreed to a five-year extension of their cooperation agreement. In accordance with the new contract, Playtech expanded the use of its technology to support Flutter brands in London, including Paddy Power, Betfair, and Sky Casino.
Market Opportunities and Challenges
- Opportunities: One of the main elements creating the opportunities for the online gambling market's expansion in Europe at the moment is the increased desire for online gambling, which guarantees authenticity and eliminates fraudulent operations. Additionally, the expansion of hardware and software advancements in online gambling by several important companies is providing a bright outlook for the business in the area. In addition, people are becoming more and more interested in casino and sports betting. This is accelerating the market's growth in Europe, along with the rising use of smartphones, cutting-edge internet capabilities, and rapid digitization.
- Challenges: In Europe, different legal systems present a considerable barrier in the form of regulatory complexity. It is a tricky undertaking for legislators to strike a balance between consumer protection and industry growth. Strong precautions must be taken to guarantee users' well-being in addition to worries about responsible gambling and the possibility of addiction. To maintain the rising trend of the European online gambling business as it continues to develop, stakeholders must traverse these difficulties, adapting to regulatory environments while putting user safety and responsible gaming practises first.
Market Competitive Landscape
The major players in the market include: 888 Holdings PLC, Bet365 Group Ltd, Betsson AB, Bragg Gaming Group, Entain PLC (William Hill PLC), Flutter Entertainment, GVC Holdings, LeoVegas AB, The Kindered Group, The Stars Group Inc., Others. For software solutions, many online gaming businesses rely on third parties like Playtech. However, some businesses decide to integrate technology suppliers backward. One such example is 888poker, which made significant investments in the development of its software and online gaming technology while mostly avoiding suppliers. Similar to William Hill, Grand Parade was a software development company that was bought because of William Hill's focus on backward integration. Due to the significant prospects in the next years, new competitors are joining the highly fragmented market.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Game Type, By Device |
| Regions covered | France, Germany, Italy, Spain, United Kingdom, Others |
| Companies Covered | 888 Holdings PLC, Bet365 Group Ltd, Betsson AB, Bragg Gaming Group, Entain PLC (William Hill PLC), Flutter Entertainment, GVC Holdings, LeoVegas AB, The Kindered Group, The Stars Group Inc., Others |
COVID-19 Impact on Europe Online Gambling Market
The COVID-19 pandemic was advantageous for the online gaming sector. A growing number of consumers used various internet platforms during lockdowns to address their financial and social difficulties. Due to the enforced shutdown of all sporting events and other activities during the lockdown, consumers developed a greater interest in virtual betting. The majority of casinos switched to a digital platform, which aided in the expansion of the online gambling industry.
Key Target Audience:
- Adult Gamblers
- Affiliate Marketers
- Casino Enthusiasts
- Gaming Enthusiasts
- Gaming Software Providers
- Problem Gambling Support Organizations
- Sports Fans
- Others
Our in-depth analysis of the Europe Online Gambling Market includes the following segments:
| By Game Type: |
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| By Device: |
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Key Topics Covered in the Report:
- Europe Online Gambling Market Size (FY’2023-FY’2033)
- Overview of Europe Online Gambling Market
- Segmentation of Europe Online Gambling Market By Game Type (Casino, Sports Betting, Others)
- Segmentation of Europe Online Gambling Market By Device (Desktop, Mobile, Others)
- Statistical Snap of Europe Online Gambling Market
- Expansion Analysis of Europe Online Gambling Market
- Problems and Obstacles in Europe Online Gambling Market
- Competitive Landscape in the Europe Online Gambling Market
- Impact of COVID-19 and Demonetization on Europe Online Gambling Market
- Details on Current Investment in Europe Online Gambling Market
- Competitive Analysis of Europe Online Gambling Market
- Prominent Players in the Europe Online Gambling Market
- SWOT Analysis of Europe Online Gambling Market
- Europe Online Gambling Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Europe Online Gambling Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Online Gambling Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Online Gambling Market
7. Europe Online Gambling Market, By Game Type (USD Million)
7.1. Europe Online Gambling Market Value Share and Forecast, By Game Type, 2023-20337.2. Casino7.2.1. Baccarat7.2.2. Blackjack7.2.3. Live Casino7.2.4. Poker7.2.5. Slots7.2.6. Others7.3. Sports Betting7.3.1. E-Sports7.3.2. Football7.3.3. Horse Racing7.3.4. Others7.4. Others
8. Europe Online Gambling Market, By Device (USD Million)
8.1. Europe Online Gambling Market Value Share and Forecast, By Device, 2023-20338.2. Desktop8.3. Mobile8.4. Others
9. Europe Online Gambling Market Forecast, 2019-2033 (USD Million)
9.1. Europe Online Gambling Market Size and Market Share
10. Europe Online Gambling Market, By Game Type, 2019-2033 (USD Million)
10.1. Europe Online Gambling Market Size and Market Share By Game Type (2019-2026)10.2. Europe Online Gambling Market Size and Market Share By Game Type (2027-2033)
11. Europe Online Gambling Market, By Device, 2019-2033 (USD Million)
11.1. Europe Online Gambling Market Size and Market Share By Device (2019-2026)11.2. Europe Online Gambling Market Size and Market Share By Device (2027-2033)
12. Europe Online Gambling Market, By Region, 2019-2033 (USD Million)
12.1. Europe Online Gambling Market Size and Market Share By Region (2019-2026)12.2. Europe Online Gambling Market Size and Market Share By Region (2027-2033)12.3. France12.4. Germany12.5. Italy
12.6. Spain12.7. United Kingdom12.8. Others
13. Company Profile
13.1. Holdings PLC13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments13.2. Bet365 Group Ltd13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments13.3. Betsson AB13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments13.4. Bragg Gaming Group13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. Entain PLC (William Hill PLC)13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. Flutter Entertainment13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments13.7. GVC Holdings13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments13.8. LeoVegas AB13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments13.9. The Kindered Group13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments13.10. The Stars Group Inc.13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments13.11. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Europe Online Gambling Market is projected to reach USD 85.89 billion by 2033, growing at a CAGR of 7.8% during the forecast period.
Europe Online Gambling Market grew in market size from 2023. The Market is expected to reach USD 85.89 billion by 2033, at a CAGR of 7.8% during the forecast period.
Europe Online Gambling Market CAGR of 7.8% during the forecast period.
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Europe Online Gambling Market size is USD 85.89 billion from 2023 to 2033.
Europe Online Gambling Market Segment is Covered By Game Type, By Device
The Europe region is anticipated to have the highest market share in Europe Online Gambling Market.
The key players in the market include Companies Covered 888 Holdings PLC, Bet365 Group Ltd, Betsson AB, Bragg Gaming Group, Entain PLC (William Hill PLC), Flutter Entertainment, GVC Holdings, LeoVegas AB, The Kindered Group, The Stars Group Inc., Others
Europe Online Gambling Market, including market size and trends, product mix, Applications, and supplier analysis.
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