Europe Casino Gambling Market Size (2024 - 2029)

The European casino gambling market is experiencing notable growth, with a significant increase in market size driven by a shift in consumer interest and the expansion of internet penetration. Despite the initial negative impact of the COVID-19 pandemic, which led to temporary closures and capacity restrictions, the market has rebounded as online gambling gained traction. Regulatory bodies like the European Gaming and Betting Association and the European Casino Association play crucial roles in maintaining a well-regulated environment, contributing to the market's expansion in countries such as the United Kingdom, Italy, and Germany.

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Market Size of Europe Casino Gambling Industry

Europe Casino Gambling Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 5.00 %
Market Concentration High

Major Players

Europe Casino Gambling Market Major Players

*Disclaimer: Major Players sorted in no particular order

Europe Casino Gambling Market Analysis

The European casino gambling market generated a revenue of USD 115.39 billion in the current year and is poised to register a CAGR greater than 5% during the forecast period.

The European Gaming and Betting Association (EGBA) was formed to keep the casino industry under control. Their main objective was to promote a sustainable iGaming sector in Europe to help players enjoy a safe and fun experience inside a well-regulated market. Countries like the United Kingdom, Italy, and Germany are registering higher revenues compared to other countries across Europe in Casino Gambling.

The European Casino Association (ECA) represents national associations and individual operators of licensed land-based casinos in Europe. Currently, ECA represents the interests of around 900 casinos with over 70,000 employees in 28 countries across Europe. Germany is known to have some of the most complex gambling regulations in Europe. The nation has also made numerous changes in the last few years.

The COVID-19 outbreak has had a negative impact on the gambling/casino business. Government-imposed stay-at-home prohibitions in many nations resulted in the shutdown of casinos, lottery outlets, and other gambling facilities. Closures left casinos without revenue for weeks or months, and even when they reopened, limits were imposed to limit the number of guests, preventing them from operating at full capacity. Post-COVID the gambling market across Europe registered significant growth due to a shift in people's interest and growth of internet penetration. However, online gambling industry has seen a surge in growth. The pandemic and the lockdown that followed led to a sudden surge in visitors to casino and gambling websites.

Europe Casino Gambling Industry Segmentation

A casino is a facility for certain types of gambling. Casinos are often built near or combined with hotels, resorts, restaurants, retail shops, cruise ships, and other tourist attractions. This report aims to provide a detailed analysis of the Europe casino gambling market. It focuses on the market dynamics, emerging trends in the segments and regional markets, and insights into the various product and application types. Also, it analyzes the key players and the competitive landscape. 

Europe's casino gambling market is segmented by type (live casino, baccarat, blackjack, poker, slots, and other casino games), by application (online and offline), and by geography (Germany, the United Kingdom, France, Italy, and the rest of Europe). 

The report offers market size and values in USD during the forecast period for the above segments.

By Type
Live Casino
Baccarat
Blackjack
Poker
Slots
Other Types
By Application
Online
Offline
By Geography
Germany
United Kingdom
France
Italy
Rest of Europe
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Europe Casino Gambling Market Size Summary

The European casino gambling market is experiencing a robust expansion, driven by a combination of regulatory support and technological advancements. The European Gaming and Betting Association (EGBA) and the European Casino Association (ECA) play pivotal roles in maintaining a regulated and sustainable gaming environment across the continent. Countries such as the United Kingdom, Italy, and Germany are leading in terms of revenue generation, with the UK benefiting from favorable regulations and high disposable income levels. The market's growth trajectory is further supported by the increasing popularity of online gambling, which has surged post-COVID-19 due to enhanced internet penetration and a shift in consumer preferences from offline to online platforms. Innovations in hardware and software, along with the integration of technologies like blockchain, IoT, and virtual reality, are transforming the gambling experience, making it more engaging and accessible.

The market landscape is highly fragmented, with major players like Flutter Entertainment, Bet365, Kindred Group, Entain, and 888 Holdings actively pursuing mergers and acquisitions to strengthen their market presence and diversify their offerings. These strategic moves are aimed at enhancing brand portfolios and catering to diverse consumer preferences across Europe. Notable acquisitions, such as Flutter's stake in MaxBet and MGM Resorts' acquisition of Push Gaming Holding Limited, highlight the trend towards consolidation and technological integration. The United Kingdom remains a significant market, with stringent regulations from the UK Gambling Commission ensuring a fair and secure gambling environment. The ongoing collaborations, such as Bet365's partnership with the UFC, further illustrate the dynamic nature of the market, as companies seek to enhance their service offerings and expand their reach across various European countries.

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Europe Casino Gambling Market Size - Table of Contents

  1. 1. MARKET INSIGHTS AND DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Internet Penetration is Driving the Market

    3. 1.3 Market Restraints

      1. 1.3.1 Government Regulations are Restraining the Market

    4. 1.4 Market Opportunities

      1. 1.4.1 Technological Advancements will Create Opportunities to New Entrants

      2. 1.4.2 Legalization of Gambling in New Regions is Creating Opportunities to New Entrants

    5. 1.5 Insights on Technological Innovations in the Market

    6. 1.6 Industry Attractiveness: Porter's Five Forces Analysis

      1. 1.6.1 Bargaining Power of Suppliers

      2. 1.6.2 Bargaining Power of Buyers

      3. 1.6.3 Threat of New Entrants

      4. 1.6.4 Threat of Substitutes

      5. 1.6.5 Intensity of Competitive Rivalry

    7. 1.7 Impact of COVID 19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Live Casino

      2. 2.1.2 Baccarat

      3. 2.1.3 Blackjack

      4. 2.1.4 Poker

      5. 2.1.5 Slots

      6. 2.1.6 Other Types

    2. 2.2 By Application

      1. 2.2.1 Online

      2. 2.2.2 Offline

    3. 2.3 By Geography

      1. 2.3.1 Germany

      2. 2.3.2 United Kingdom

      3. 2.3.3 France

      4. 2.3.4 Italy

      5. 2.3.5 Rest of Europe

Europe Casino Gambling Market Size FAQs

The Europe Casino Gambling Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

Flutter Entertainment, Bet365, Kindred Group, Entain and 888 Holdings are the major companies operating in the Europe Casino Gambling Market.

Europe Casino Gambling Market Report Snapshots

Europe Casino Gambling Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)