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European Gambling Predicted To Grow 15% Annually

Online gambling is expected to grow by about 15% annually through 2015, the European Commission reported on Tuesday. The growth rate is one of a batch of interesting statistics that may have been overshadowed by the Commission's action plan.

With the 15% expected growth rate, online gambling turnover would be worth about €13 billion by 2015.

Some other interesting facts about the European online gambling industry in the report were:

  • Currently about 15,000 unregulated websites are operating in the EU, even though several of the countries have moved to set up regulatory bodies in their own countries.

  • In 2011, online gambling companies produced revenues of roughly €9.3 billion. This equates to roughly 10% of the overall gambling market in Europe.

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rsBB84
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25 October 2012 - 12:12pm
#1

This is an ambitious - albeit probably not unrealistic - assessment of where this market is going. If turns out to be true, it would be quite a testament to how much people are willing to engage in online gambling, even when things are on the tougher side economically. The predicted growth in online gambling is certainly much larger than the predicted economic growth of the EU as a whole!

usbarbadosslim93 Recently online: 27 min ago
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25 October 2012 - 2:48pm
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HEY, look who is back! I missed you BB84. I was starting to think I'd never get to talk NFL with anyone on here again.

Yes, that it is a pretty bold prediction, but online gambling certainly is a growing market.

Spot on analysis. Stick around for a while, would ya?

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