Market Size of Europe Casino Gambling Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Casino Gambling Market Analysis
The European casino gambling market generated a revenue of USD 115.39 billion in the current year and is poised to register a CAGR greater than 5% during the forecast period.
The European Gaming and Betting Association (EGBA) was formed to keep the casino industry under control. Their main objective was to promote a sustainable iGaming sector in Europe to help players enjoy a safe and fun experience inside a well-regulated market. Countries like the United Kingdom, Italy, and Germany are registering higher revenues compared to other countries across Europe in Casino Gambling.
The European Casino Association (ECA) represents national associations and individual operators of licensed land-based casinos in Europe. Currently, ECA represents the interests of around 900 casinos with over 70,000 employees in 28 countries across Europe. Germany is known to have some of the most complex gambling regulations in Europe. The nation has also made numerous changes in the last few years.
The COVID-19 outbreak has had a negative impact on the gambling/casino business. Government-imposed stay-at-home prohibitions in many nations resulted in the shutdown of casinos, lottery outlets, and other gambling facilities. Closures left casinos without revenue for weeks or months, and even when they reopened, limits were imposed to limit the number of guests, preventing them from operating at full capacity. Post-COVID the gambling market across Europe registered significant growth due to a shift in people's interest and growth of internet penetration. However, online gambling industry has seen a surge in growth. The pandemic and the lockdown that followed led to a sudden surge in visitors to casino and gambling websites.
