Web project about online casinos and gambling
Online gambling in Europe grows to €137 billion by 2024: estimates and measures of regulators

Online gambling in Europe grows to €137 billion by 2024

  • In 2024, the European gambling market reached a volume of €137 billion.
  • According to H2 Gambling Capital, in 2023, 21% of all online gambling activity in Europe took place outside the regulated environment.
  • The gross gaming revenue of the regulated European gambling market is expected to surpass previous figures in 2024.
  • European countries are taking various measures to regulate and control the online gambling industry, including stricter licensing and advertising restrictions.
  • The main challenge for regulators is combating illegal platforms that attract users with aggressive bonuses and workaround methods.
Published: Updated:
3 min. read Views: 24

The growth of the online gambling market in Europe: reactions and regulatory measures

Online casinos and betting platforms have become an integral part of the European gambling market. The accessibility of gambling via the internet, the convenience of mobile apps, and continuous advertising campaigns have led to the growing popularity of online gambling among users of all age groups.

However, this growth comes with several challenges:

  • The rise of unlicensed platforms offering games without regulation.
  • Insufficient control by regulatory bodies over cross-border operators.
  • Increasing levels of gambling addiction, particularly among young people.
  • Growing fraud related to bonus schemes and money laundering.

As a result, European countries must find a balance between the economic benefits of gambling taxation and the need to protect citizens from potential risks.

Online gambling in Europe grows to €137 billion by 2024: estimates and measures of regulators

What measures are EU countries taking?

  1. Stricter Licensing.
    Licensing allows authorities to monitor operators’ activities, ensure fair play, and protect users’ data. Many countries, including Germany, France, and Spain, have already introduced more stringent licensing requirements for online casinos.
  2. Advertising Restrictions.
    Several countries, such as Belgium and the Netherlands, have implemented strict restrictions on gambling advertising, particularly during sports broadcasts. The goal of these measures is to reduce the influence of marketing campaigns on vulnerable groups, including young people.
  3. Combating Illegal Platforms.
    Unlicensed casinos use VPNs, anonymous payment systems, and aggressive marketing to attract users. In response, regulators are blocking websites, tightening control over financial transactions, and collaborating with payment systems to complicate money transfers to offshore casinos.
  4. Responsible Gambling Programs.
    Some countries are developing state programs to combat gambling addiction. For example, Sweden has introduced the Spelpaus self-exclusion system, allowing players to temporarily or permanently block access to all licensed platforms.
  5. Strengthening International Cooperation.
    European countries are actively discussing the creation of a unified regulator that could coordinate efforts against illegal operators at the EU level. Although this process is challenging due to differences in national legislation, the trend toward cooperation is growing.

Expert opinion

“The growth of the online gambling market in Europe requires a balanced approach that considers both economic benefits and social risks. EU countries must unite their efforts in fighting illegal operators while ensuring that players have access to fair and safe platforms,” notes an expert in the gambling industry.

Online gambling in Europe grows to €137 billion by 2024: market growth in recent years

What are the future prospects for European online gambling?

In the coming years, the online gambling market is expected to continue expanding. However, its future will depend on how effectively regulators address these challenges:

  • Growth of the Legal Sector
    The introduction of strict regulatory norms is expected to reduce the share of illegal operators and increase tax revenues.
  • Development of User Protection Technologies
    Artificial intelligence and blockchain are already being used to monitor suspicious transactions and combat fraud.
  • Creation of a Unified EU Market
    A potential pan-European license could allow operators to work in multiple countries without additional bureaucratic obstacles.
  • Corporate Social Responsibility
    More operators are introducing self-control tools for players, such as deposit and time limits.

Conclusion

The European online gambling market continues to grow, but along with this expansion, risks associated with illegal operators and gambling addiction are also increasing. EU countries are implementing various measures to regulate this sector by enforcing strict licensing rules, restricting advertising, and enhancing international cooperation.

Online gambling in Europe grows to €137 billion by 2024: distribution by segments

In the coming years, the main focus will be on:

  • Strengthening the fight against illegal casinos.
  • Implementing self-control mechanisms for players.
  • Developing stricter advertising standards.
  • Promoting responsible gambling policies.

A balanced approach will allow the industry to maintain its growth momentum while ensuring market transparency and security.

Source: Euronews

Comments

No comments yet