How big is the iGaming market in Europe?
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The iGaming industry in Europe is booming. The gambling market in the continent accounts for 49 percent of the global market. European online casinos have a market share of 23 percent. European gambling revenue in 2022 will reach more than $99 billion.
Malta is hailed as the "iGaming capital of the world". The Malta Gaming Authority is one of Europe's top licensing authorities. The iGaming industry accounts for 12% of Malta's GDP. Malta has a small population in terms of i gaming users.
Europe has recorded accelerated rates of iGaming participation in recent years. Sweden ranked first in terms of player participation. Denmark had the second-highest turnout rate. The United Kingdom ranked fourth. Online poker accounts for approximately 5% of the market, while bingo accounts to 3%. The lottery is the biggest i gaming segment, making up 17% out of total gaming income. Online poker is responsible for 5%.
The iGaming industry in Europe is massive. The market has experienced a drop in figures, but it has demonstrated a capacity to recover.
