Technological invention means that customers can now enjoy online gambling and gambling anyplace, anytime, around Europe.
Because of this technological change, Europe’s internet gambling market is growing at about 10 percent each year, faster than online gambling, like casinos or bookmaker stores. The financial size (or gross profit) of the European online business is anticipated to rise from $19.6 billion in 2017 to $24.7 billion in 2020.
In 2017, the internet sector needed a 20.7% share of the EU gaming market, compared to online gambling which had a 79.3% share. The internet share of the marketplace is expected to grow to 24.9% in 2020.
The growth in online gaming is also being driven by changing regulatory landscapes in European countries, the majority of which now have committed regulation for internet gambling activities.
Europe is a world leader in electronic entertainment
The European economy is the greatest and most aggressive for internet gambling. In 2017, Europe had 48.9% share of this global online gaming market and this is forecast to remain relatively stable until at least 2020. [1] With sports betting betting now legalised in some US states European companies are now starting to get a foothold in the US market, increasing their influence and bring their expertise to new markets.
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