Market Snapshot
| Study Period: | 2016 - 2026 |
| Base Year: | 2020 |
| CAGR: | 9.2 % |
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Market Overview
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.
Scope of the Report
The market has been segmented by game type, end-user, and geography. By game type, the market studied is segmented into sports betting, casino, lottery, bingo, and other game types. By sports betting, the market studied is segmented into football, horse racing, e-sports, and others. By casino, the market studied is segmented into live casino, slots, baccarat, blackjack, and others. By the end-user, the market studied is segmented into desktop and mobile. The report covers prominent countries of Europe including the United Kingdom, Italy, France, Spain, Germany, Netherlands, Sweden, and Rest of Europe
| By Game Type | ||||||||
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| Lottery | ||||||||
| Bingo |
| By End-use | |
| Desktop | |
| Mobile |
| By Geography | |
| United Kingdom | |
| Italy | |
| France | |
| Spain | |
| Germany | |
| Netherlands | |
| Sweden | |
| Rest of Europe |
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.
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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.
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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, 888poker 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.
Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Force Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Game Type
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5.1.1 Sports Betting
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5.1.1.1 Football
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5.1.1.2 Horse Racing
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5.1.1.3 E-Sports
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5.1.1.4 Other Sports
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5.1.2 Casino
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5.1.2.1 Live Casino
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5.1.2.2 Baccarat
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5.1.2.3 Blackjack
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5.1.2.4 Poker
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5.1.2.5 Slots
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5.1.2.6 Other Casino Games
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5.1.3 Lottery
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5.1.4 Bingo
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5.2 By End-use
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5.2.1 Desktop
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5.2.2 Mobile
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5.3 By Geography
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5.3.1 United Kingdom
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5.3.2 Italy
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5.3.3 France
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5.3.4 Spain
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5.3.5 Germany
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5.3.6 Netherlands
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5.3.7 Sweden
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5.3.8 Rest of Europe
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 Betsson AB
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6.4.2 888 Holdings PLC
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6.4.3 The Stars Group Inc.
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6.4.4 The Kindered Group
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6.4.5 GVC Holdings
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6.4.6 William Hill PLC
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6.4.7 Bet365 Group Ltd
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6.4.8 LeoVegas AB
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6.4.9 Flutter Entertainment
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*List Not Exhaustive -
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Europe Online Gambling Market market is studied from 2016 - 2026.
What is the growth rate of Europe Online Gambling Market?
The Europe Online Gambling Market is growing at a CAGR of 9.2% over the next 5 years.
Who are the key players in Europe Online Gambling Market?
Betsson AB, 888 Holdings PLC, The Stars Group Inc., The Kindered Group, GVC Holdings, William Hill PLC are the major companies operating in Europe Online Gambling Market.
