The numbers released by Global Betting and Gaming Consultant confirm the rise of the European online gaming market.
UK.- The Global Betting and Gaming Consultant released new data on European iGaming which shows the sector is booming. Online figures issued from a total European iGaming market show it is worth an estimated of US$87 billion, making it the largest real-money online casino market in the world.
The gross gaming yield of US$15.87 for 2015 capped a rise of 328 percent between 2005 and 2015. The last five years starting from 2010 were particularly impressive, since GGY jumped to 198 percent. If this rate of growth continues, 2020 would yield a US$21.88 billion a year market.
Sports betting reigns as the most popular form of online gambling. The percentage of contribution to iGaming revenues from the sector increased from 45.6 percent in 2005 to 48.5 percent in 2015. Online casinos contributed 29.2 percent, up from 23.1 percent in 2005. The most popular casinos in Europe include EUCasino, Royal Vegas Casino and EuroGrand Casino. Online bingo remained steady, contributing 8 percent in 2005 and 9 percent in 2015. On the other hand, online poker is decreasing, with a contribution of only 13.4 percent in 2015.
The European growth leads the consistent overall global growth of iGaming, which keeps rising at rate of 11 percent for a total gross gaming yield of approximately US$37 billion a year. Currently, 85 nations have legalised Internet gambling.