A list of the best European online casinos would take a while to prepare, because Europe consists of 44 internationally recognized sovereign countries with their won gaming laws. Though the EU Commission pressures the 27 members of the European Union to standardize their gambling laws, that is not always the case. Even a largely compliant EU country like Germany has 16 federal states, which themselves sometimes have their own regional laws (for instance, Schleswig-Holstein).
- Online Gambling Market Europe History
- Online Gambling Market Europe 2019
- Online Gambling Market Europe 2020
- Online Gambling Market Europe Today
- Online gambling regulation in EU countries is characterised by diverse regulatory frameworks. In a number of judgments, the Court of Justice of the European Union (CJEU) has ruled on the compliance of national regulatory frameworks with EU law.
- In some European jurisdictions, monopolistic regimes offering online gambling services have been established. These are run by a state-controlled public operator or by a private operator on the basis of an exclusive right.
With that in mind, this page offers a quick survey of European gambling laws. This article acts as a guide to European gaming regulators, with some references to the laws which created and inform those regulatory agencies. With over 741 million people living in Europe at the moment, you’ll find a dynamic and flourishing European gambling industry at the moment. Europe’s gaming sector flourishes despite efforts by some political leaders to control or restrict land-based and online betting in their lands.
DUBLIN--(BUSINESS WIRE)--Nov 13, 2020--
Reading Time: 4 minutes Due to all types of restrictions on social gathering and physical attendance in many brick-and-mortar. Where Europe and the United States differ is the overall hostility (or lack thereof) of lawmakers to online gambling. While the EU tends to favor legalized gambling with regulation and taxation, many US politicians prefer to make the whole matter illegal. The overall online GGR in Europe is estimated to reach approximately 24.7 billion euros by 2020 and is mostly generated by sports betting, online casinos and online lottery. Poker only accounts for.
The “Europe Online Gambling Market - Growth, Trends, and Forecast (2020-2025)” report has been added to ResearchAndMarkets.com’s offering.
The European online gambling market is projected to grow, witnessing a CAGR of 9.20% during the forecast period (2020-2025).
Growing hardware and software innovations and the rising popularity of casino and sports betting gambling, along with enhanced internet penetration, are expected to drive the growth of the European online gambling market.
The dominating players have been focusing on mergers over the past few years, primarily to increase their stake in the market and to improve profit margins. For instance, Paddy Power PLC and Bet fair PLC merged to form Paddy Power Betfair PLC.
In order to gain a competitive advantage and compete with the established players, companies are developing innovative offerings in the region. For instance, in April 2019, one of the UK’s leading casino companies, 888 Holdings, had signed up a new gaming partnership with software maker, Microgaming.
Key Market Trends
Desktop Devices Holding The Major Share
Online gaming started on desktop computers, and many online casinos still focus most of their development on making sure that players get a smooth and well-presented user-interface experience. Desktops and laptops are considered to be the most convenient devices for online gambling owing to their bigger screen size. This factor provides the gamer with the ultimate online gaming experience.
One of the major benefits of using the desktop as an option to play online casino is that the number of mobile casino games on offer is significantly fewer than desktop gaming. Moreover, some of the mobile casino games only offer a few selections of the deposit options as compared to a desktop site. However, rising penetration of smartphones, owing to its convenience, is affecting the growth and demand for the gambling market operated through desktops/laptops.
United Kingdom Leading The Market
Sports betting in the United Kingdom is provided by the private sector and is conducted within a very competitive market. Online gambling is legal and regulated in the country by the Gambling Commission, which was formed by the Gambling Act of 2005. Online poker, sports betting, casino games, bingo, and lottery-style games all fall under the purview of the Gambling Commission.
As per the data published by OfCom (The Office of Communications, United Kingdom) in 2015, 6% of the users aged between 25-34 and 45-54 years engaged themselves in online gambling at least once in every three months. The second highest age group was between 16 and 24 years, which accounted for 4%. Rizk Casino, 888 Holdings, Casumo Casino, bet365, and LeoVegas are some of the prominent players operating in the UK online gambling market.
Competitive Landscape
Bet365, 888 Holdings Plc, GVC Holdings PLC, Kindred Group PLC, William Hill PLC, and Betsson AB are some of the major players having a significant presence across Europe. nMany online gambling companies rely on third-party providers, such as Playtech, for software solutions. However, some companies choose to backward integrate with technology providers.
For instance, 888 Poker heavily invested in developing its own software and online gaming technology, primarily not to rely on suppliers. Similarly, William Hill, a bookmaker company located in the United Kingdom, was focused on backward integration, and thus, acquired Grand Parade, a software development company, in 2016.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter’s Five Force Analysis
5 MARKET SEGMENTATION
5.1 By Game Type
5.1.1 Sports Betting
5.1.1.1 Football
5.1.1.2 Horse Racing
5.1.1.3 E-Sports
5.1.1.4 Other Sports
5.1.2 Casino
5.1.2.1 Live Casino
5.1.2.2 Baccarat
5.1.2.3 Blackjack
5.1.2.4 Poker
5.1.2.5 Slots
5.1.2.6 Other Casino Games
5.1.3 Lottery
5.1.4 Bingo
5.2 By End-use
5.2.1 Desktop
5.2.2 Mobile
5.3 By Geography
6 COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Betsson AB
6.4.2 888 Holdings PLC
6.4.3 The Stars Group Inc.
6.4.4 The Kindered Group
6.4.5 GVC Holdings
6.4.6 William Hill PLC
6.4.7 Bet365 Group Ltd
6.4.8 LeoVegas AB
6.4.9 Flutter Entertainment
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/yna583
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KEYWORD: EUROPE
INDUSTRY KEYWORD: CASINO/GAMING ENTERTAINMENT
SOURCE: Research and Markets
Online Gambling Market Europe 2020
Copyright Business Wire 2020.
PUB: 11/13/2020 07:53 AM/DISC: 11/13/2020 07:53 AM
Online Gambling Market Europe Today
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