Date: 31.01.2025

by Sebastian Warowny

European Online Gambling Market Set to Nearly Double by 2030

The European online gambling market is projected to experience substantial growth over the next five years. According to Mordor Intelligence, the industry is valued at $58 billion in 2025 and is expected to reach $98 billion by 2030.

Market Growth Forecasts

This expansion aligns with broader global trends, as the online gaming sector worldwide is anticipated to grow from $103 billion to $169 billion during the same period, reflecting a compound annual growth rate (CAGR) of 10.44%.

Europe’s regulatory landscape varies significantly across countries, with each nation establishing its own legal framework for online gambling. Denmark was an early adopter, regulating its market in 2012, while Germany introduced online gambling licenses in 2021. The United Kingdom remains a dominant player, holding a 31% share of the online gambling market in 2024 under the oversight of the UK Gambling Commission.

Driving Forces Behind Market Expansion

Several key factors contribute to the industry’s rapid expansion. One of the primary drivers is the increasing legalization and regulation of online betting in various jurisdictions, which enhances consumer trust and market stability.

Additionally, the adoption of emerging technologies, such as artificial intelligence (AI) and virtual reality (VR), is transforming the player experience. AI-driven predictive analytics can improve user engagement while supporting responsible gambling initiatives, whereas VR offers immersive gaming experiences.

Global Market Comparisons

Europe’s online gambling growth mirrors trends seen in other regions. In the United States, states like New Jersey, Michigan, Pennsylvania, and Nevada lead the regulated online betting industry.

Meanwhile, in the Asia-Pacific region, Australia remains a major market, while the Philippines and India are emerging players.

Latin America is also witnessing significant expansion, particularly in Brazil, Colombia, and Mexico, with Colombia having one of the region’s most structured regulatory frameworks.

Sports Betting Dominance

Sports betting continues to dominate the global online gambling industry, accounting for 51% of the total market share in 2024. Football betting remains the primary driver of this sector, particularly in Europe, where major football leagues attract widespread betting activity.