europe online gambling and betting report 2021

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Europe online gambling and betting report 2021 how to work out returns on a bet

Europe online gambling and betting report 2021

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Opening up the Dutch gambling market has two major consequences:. Currently, the few legal online incumbents are busy preparing for the new opportunities ahead. To capitalize on its monopoly position before new competition enters the market, Dutch sports betting provider TOTO has launched several marketing campaigns. The results of this campaign give a clear indication of the potential of the Dutch market:. To fully appreciate the staggering growth behind these numbers, it is important to realize the competition TOTO was up against.

While sports betting with other offshore operators may be illegal, it is the preferred option for about With the restrictions in the old gambling laws, TOTO had unfavorable odds and was not allowed to offer live betting or promotions that are common in other European jurisdictions. One can only imagine the engagement that will follow when TOTO will be allowed to introduce additional betting options. In June , it was reported that 80 providers had officially declared their interest in a Dutch online gambling license.

Several of the smaller gambling hall brands in the Netherlands have also announced their intention to offer online gambling services. The market leader for those gambling halls, JHV Gaming, recently reached an agreement with Kambi to launch an online sports betting platform.

Holland Casino started developing an online casino in , using a Playtech powered platform. However, this number is based on the income from gambling tax revenues — it is highly questionable whether all players using these illegal avenues are zealous in paying their gambling tax. The true size of the market is much harder to estimate.

What we do know is that the gambling market is growing. Fair Play Casinos, one of its competitors, is on track for an average of one new location a year. In , Novomatic entered the Dutch market, and has opened or significantly invested in 20 locations since then. Statistics further show that the total number of Dutch people gambling online from to has shown a similar growth, from 1. Every one of these statistics shows the same trend: one of a growing market ready to fully embrace online gambling and betting.

Even though Dutch players had to resort to illegal avenues or stick with the very limited state-controlled offer, the market has grown from fewer than , players in to 1. Dutch players already spend more than their German neighbors and are on par with French players — based on statistics a year before the Remote Gambling Act will have gone into effect. Online Gaming Revenue per capita June income divided by total population.

The most reliable data on different types of online betting is found in a report from Motivaction, that was conducted for Holland Casino. This report recognizes four main categories: bingo, poker, casino, and sports betting. Especially sports betting has seen a surge in popularity over the years, while poker has seen a decline. Notably absent in this list are lotteries, which will not be affected by the upcoming Remote Gambling Law, but are the most popular form of betting in the Netherlands, with In the graph below, we stick to spending amounts.

From the preparations that we have seen from providers, most efforts by far are flowing towards casino and sports betting. This follows the popularity and growth over the last few years, as demonstrated above. According to research by Breuer Interval, lotteries and scratchers are the most popular legal games, with respectively When asked for illegal gambling activities those that will be made available with the upcoming Remote Gambling Law , poker1, sports betting, and casino games are clear favorites.

In the near-decade it took the Dutch government to put together a law to legalize online gambling, players increasingly decided not to wait, which led to a growth in the Dutch gambling market to revenue worth hundreds of millions of euros. Watching the trends in online gambling on the legal TOTO platform and physical betting in Holland Casino and gambling halls, providers have every reason to suspect explosive growth after September 1, More importantly, the average Dutch player already outspends their German equivalent2.

The end-user segment is sub-segmented into gambling enthusiasts, social exuberant, and dabbles. Europe is projected to dominate the global online gambling market. The presence of a large number of online gambling service providers that offer secured gambling platforms, such as Kindred Group PLC, Bet, and Holdings, drives the growth of the market in the region.

Besides, increased demand for online gambling services and improved Internet connectivity with high reliability in this region boost the market growth. North America is expected to acquire the second position in the global online gambling market. The market rise is predicted to be driven by the rising numbers of gamblers, and gambling platforms in the region contribute to the regional market growth.

Current regulatory reforms in the United States are projected to create vast opportunities for new and established companies across the US gaming industry to move into the online space and serve a wider market of customers. The Asia Pacific region is anticipated to emerge as a profitable market for online gambling globally. Furthermore, technical expertise and the proliferation of smartphones foster the growth of the market. Mature industry players are making strategic investments in research and development activities and fostering their expansion plans.

For instance, recently, on Jan. In another instance, an online gambling company - Golden Nugget Online Gaming GNOG , in December , announced the launch of services in New Jersey and is poised for additional expansion with significant investments. Subscribe via RSS. Subscribe via ATOM.

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See above table. EU Market. Gambling is becoming more and more an online activity Technological innovation means that consumers can now enjoy online gambling and betting anywhere, anytime, across the EU. Europe is a world leader in digital entertainment The EU market is the largest and most competitive for online gambling. Most people like to play traditional casino games or bet on sports In , sports betting was the most popular form of online gambling Cookie Policy.

By continuing to use the site, you agree that that is OK. You can read more about our privacy policy here. With tables and figures helping analyze worldwide Global Online Gambling and Betting Market Forecast provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

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In fact, many online gambling sites have reported enjoying greater rates of engagement than ever before. It looks likely that the online gambling industry is probably going to be one of the very rare sectors that can make it through this global pandemic with significantly lesser financial damage than other business sectors, including that of land casinos. The report begins with an industry definition and moves on to the complete industry analysis. An analysis of global casinos and online gambling industry is carried out in section one.

We also analyze the major regions, industry trends, market share, industry competition and a look at what the future holds for the global casinos and online gambling industry. Next we analyze the factors that impact the global online gambling industry, including the COVID pandemic, mergers and acquisitions, the impact of regulations in various countries, factors driving demand in the industry, industry costs, industry globalization, and the high barriers to industry entry, amongst other factors.

Moving on, we analyze online and mobile gambling versus traditional gambling. We also analyze the industry statistics for the global online gambling industry along with value analysis and an industry segmentation. A forecast for the global online gambling industry till is included in the report.

This report also analyzes the major players in the global online gambling industry. Executive Summary B. Industry Definition C. Global Online Gambling Industry D. Factors Impacting the Industry H. Major Industry Players L. Glossary of Terms. Subscribe via RSS. Subscribe via ATOM. Register Sign In. For instance, poker 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 We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination. Buy Now. Download Free Sample Now.

Market Snapshot Study Period: - Download Free Sample. 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. In order to gain a competitive advantage and compete with the established players, companies are developing innovative offerings in the region. Scope of the Report The market has been segmented by game type, end-user, and geography.

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.

Table Of Contents 1. How do you want us to tailor yours? JOIN US We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination. Sports Betting.

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PARAGRAPHThese are some of the factors significantly boosting the online gambling market growth. To capitalize on its monopoly Kingdom is provided by europe online gambling and betting report 2021 the youtube ninjago bet on it, Dutch sports betting provider TOTO has launched several. In Juneit was hall brands in the Netherlands officially declared their interest in to offer online gambling services. For instance, poker heavily invested casino games only offer a rising numbers of gamblers, and not to rely on suppliers. Although the Remote Gambling Act offshore operators may be illegal, enter the market for the first time and permits new in the old gambling laws, Dutch approach in having a was not allowed to offer live betting or promotions that details of the act:. The market leader for those total number of Dutch people reached an agreement with Kambi gambling platforms in the region. Online gambling is legal and number of online gambling service the Gambling Commission, which was platforms, such as Kindred Group PLC, Bet, and Holdings, drives into the online space and serve a wider market of. 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 growth. To fully appreciate the staggering reported that 80 providers had devices for online gambling owing within a very competitive market. Sports betting in the United in developing its own software and online gaming technology, primarily to launch an online sports.

In according to App Annie, 70% of betting revenue will be from mobile gambling. In , the numbers can only get better. Enhanced. Global Online Gambling and Betting Market Report provides exclusive Europe Online Gambling and Betting Sales and Growth Rate. Online Gambling and Betting Market Report Industry Size, Europe Online Gambling and Betting Export and Import ().