How big is gambling business in Europe

Online and offline casinos are in full bloom when it comes to Europe. It is very important that the laws and rules of the gambling are understood before starting the business in Europe. To avoid any shady casinos, it is best to choose from a list of vetted casinos at such websites as Svenskkasinon casino rating. It has a list of many trusted casinos in Sweden and Europe. European gambling market is one of the largest and safest in the world. The casinos here are protected by highly secure and advance software measures. For the past 12 months, the business has seen the highest upward growth. The revenues skyrocketed by 80% as compared to the last term which is simply awesome. The most important parts of the gambling have been casinos and the sports betting. For the past 12 months, the casinos have earned 1.7 billion Euros in revenue. The sports betting, on the other hand, have earned over 1.2 billion Euros in revenue. In 2017 – 18 the gambling has seen a steady growth of 19% in total. The new markets such as the Czech Republic have regulated their gambling businesses and it has also contributed to the overall revenue generation.

Country wise growth

Most of the countries in Europe have seen a rise in the gambling business. The UK based market has increased by 16.9%. Denmark had a staggering growth of 38.2%. Spain and Denmark also had mind-boggling growth of 43% and 31.9% respectively. The largest portion of revenue generated was by the UK. A total of 5.4 billion euros was generated by the country’s gambling industry. The Nordics generated about 1.5 billion which is not even close to the UK. Germany is the third largest market in the region and generated a total of 1.1 billion euros. The stats show that the market still has potential and more companies will enter the scene in coming years. Among all the countries the UK leads the Europe gambling market both in terms of revenue generation, total winnings and number of players.

Game wise growth

It is important to note that the casinos were the largest player in the European market for the past 12 months. The recorded growth is about 21.4% in total and it generated about 1.7 billion euros in total. The sports betting is the second largest and has a revenue jump of 1.5 billion euros. Poker takes the third place. It generated a revenue of 171 million euros.

Mobile gambling

The mobile gambling platforms are growing slowly but steadily. The forecast and the white papers written in this regard suggest that the number of mobile gambling players will increase to 55% by 2020. The sports betting will see the increase of 60% of the total revenue that is being generated by this medium. It is expected that an increased 36% of the total gambling revenue will be generated in 2019. The mobile gambling will make sure that the overall scenario is changed with the passage of time. It is one of the best and convenient options because mobile online casinos can be accessed from anywhere and anytime using your smartphone.