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
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| Regions covered | France, Germany, Italy, Spain, United Kingdom, Others
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| 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:
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By Game Type:
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Casino
Sports Betting
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By Device:
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Desktop
Mobile
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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 report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Europe Online Gambling Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Online Gambling Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. 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, 2023-2033
7.2. Casino
7.2.1. Baccarat
7.2.2. Blackjack
7.2.3. Live Casino
7.2.4. Poker
7.2.5. Slots
7.2.6. Others
7.3. Sports Betting
7.3.1. E-Sports
7.3.2. Football
7.3.3. Horse Racing
7.3.4. Others
7.4. Others
8. Europe Online Gambling Market, By Device (USD Million)
8.1. Europe Online Gambling Market Value Share and Forecast, By Device, 2023-2033
8.2. Desktop
8.3. Mobile
8.4. 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. France
12.4. Germany
12.5. Italy
12.6. Spain
12.7. United Kingdom
12.8. Others
13. Company Profile
13.1. Holdings PLC
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Bet365 Group Ltd
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Betsson AB
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Bragg Gaming Group
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Entain PLC (William Hill PLC)
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Flutter Entertainment
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. GVC Holdings
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. LeoVegas AB
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. The Kindered Group
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. The Stars Group Inc.
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. 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.
