GamblingGlobal Economy

How Much Money Earn European Betting Companies

European countries have a relatively benevolent approach to gambling from a global perspective. In the overwhelming majority, betting is allowed, and most of the state does not even tax wins grom gambling. No wonder Europeans can enjoy playing. Today, we will look at how much money is spent on gambling selected European countries.

Europe may not be as famous for gambling as Las Vegas or Asian Macau. This does not mean that people do not play there — exactly the opposite. Betting houses in the EU earns billions € every year.

The uncrowned king of gambling in Europe is surprisingly Italy, where casinos and bookmakers had a gross profit for 2018 incredible € 18.7 billion. Interestingly, as many as 75% of Italian players are not risky gamblers.

The most popular gambling game in Italy are slot machines with a total annual cash inflow exceeding € 25 million. The slots are then followed by video lottery terminals (€ 23 million), card games (€ 19 million), sports betting (€ 9.9 million) and lotteries (€ 9.1 million).

Gross Gaming Revenue (GGR) in select European countries

Chart GGR-in-EU
How Much Money Earn European Betting Companies

The UK gambling industry also has broad representation. The betting companies there have the second-largest income in Europe and the whole industry employs more than 100 people. In England, online casinos play the most part. According to the UK Gambling Commission, in 2018, 36.6 million people had an active account with a UKGC licensed online provider. In total, more than £ 828 million are deposited in these accounts.

Europe and Online Gambling

Given the ease of accessibility and rapid progress and the field of mobile technology, internet gambling has become more popular year after year. One of the first countries to allow online gaming in Europe was the UK. Other countries such as Italy, Spain and France followed this trend very quickly. As expected, the global online gambling market could be worth more than $ 94 billion in 2024.

Online gambling includes mainly online casino card games, slot machines, lotteries, sports betting and bingo. If you are interested in how to win at slots, you are not alone. Anyway, in Europe, so far, the most online gambling is sports betting. In 2018, approximately 42.5 percent of the online gambling market in Europe was made up of online sports betting. In second place we find online casinos, which offer mainly slot machines and table games such as roulette, blackjack, baccarat and more. They usurp a total of 32.4% of the gambling market.

Distribution of online gambling revenues in Europe in 2018

Chart Online-gambling-EU

Leave a Reply