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European gambling revenues increased by 6,6% in 2016

European gambling revenues increased by 6,6% in 2016

Eilers & Krejcik Gaming, a data analytics company, announced the results of its research on regulated online gambling markets for the past year. According to official data, European online gambling sector showed sustainable growth, as revenue rates increased by 6, 6% compared to 2015, having brought around $19, 3 bill. in total.

The leadership on the European gambling market still belongs to the British betting operators such as Bet365 and Paddy Power Betfair. Their market share accounts for 8% and 7% accordingly.

The analysts point out, that such positive dynamics in the European gambling revenues is predetermined by gradual growth and sustainable development of local markets. Among other things, starting from this very January, there have been introduced a couple of legislative regulations in Poland, Czech Republic, and Portugal which might influence European gambling revenues in 2017. Bet365 betting office has left the Polish market due to the new taxation policies introduced lately.

According to Eilers & Krejcik Gaming estimates, this year the revenue out of online gambling in New Jersey (USA) is going to increase. As for the 2016, the gambling market of the said state expanded by three times, while gambling businesses generated around $2, 6 bill. in total.

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