Europe Online Gambling Market Size, Share, Growth, Statistics and Industry Analysis 2022-2027

SHERIDAN, WY, USA, Sept. 19, 2022 /EINPresswire.com/ — According to IMARC Group’s latest report, “Europe Online Gambling Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, Europe The size of the online gambling market reached US$34.6 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$56.8 billion by 2027, growing at a growth rate (CAGR) of 7.9% over the period 2022-2027. and sports activities which encompass blackjack, poker, slots, billiards, horse racing, roulette and craps as standard games. These computer moderated games can be played over the internet using various electronic devices. Compared to conventional casinos, they offer multiple gift vouchers, loyalty points, insurance bonuses, comp points, various payment methods and game options with secure accessibility. Other than that, online gaming sessions provide optimum comfort and convenience to gamers since they are moderated remotely and do not require face-to-face interaction.

COVID-19 impact analysis:

We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

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Online gambling market trends in Europe:

The growing proliferation of internet and smartphone users and growing demand for online games for entertainment purposes, especially during the COVID-19 pandemic due to related lockdowns, are majorly driving the growth of the market in the region. Additionally, easy access to online betting and gaming platforms, acceptance of cryptocurrency as a method of payment, and corporate sponsorships complete the product demand. Additionally, the large-scale integration of artificial intelligence (AI), cyborgs, and blockchain technologies with enhanced multi-layered payment security and transparency is positively impacting the expanding market. Massive adoption of Virtual Reality (VR) solutions to create a realistic gaming environment with better sound quality, allowing users to interact with bettors and dealers, is driving the growth of the market. In addition to this, numerous celebrities, the ongoing legalization of online gambling in various European countries and the availability of free virtual casinos with improved interfaces support the expansion of the market in the region.

Key Market Segmentation:

The report has segmented the European online gambling market based on game type, device and country.

Breakdown by game type:

• Sports betting:
• Soccer
• Horse races
• Electronic Sports
• Others

• Casino:
• Live Casino
• Baccarat
• Blackjack
• Poker
• Slot machines
• Others

• Others

Breakdown by device:

• Desk
• Mobile
• Others

Breakdown by country:

• Germany
• France
• UK
• Italy
• Spain
• Others

Competitive landscape with key players:

The competitive landscape of the European Online Gambling Market has been studied in the report along with the detailed profiles of key players operating in the market.

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Main highlights of the report:

• Market performance (2016-2021)
• Market Outlook (2022-2027)
• Market trends
• Market drivers and success factors
• Impact of COVID-19
• Value chain analysis
• Complete mapping of the competitive landscape

If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.

Browse related reports:

Global Online Gambling Market Report

U.S. Online Gambling Market Report

About Us

The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.

IMARC’s information products include major business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are at the top of the list. company expertise.

Elena Anderson
IMARC Services Private Limited
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