Good growth in European online gambling market

The online gambling industry is alive and well and growing steadily in Europe, according to Global Betting and Gaming Consultant numbers released this week, which show that gross gaming yield rose 328 percent between 2005 and 2015, reaching $15.87 billion last year.

The five-year period to 2010 was particularly fruitful, with GGY up a remarkable 198 percent from $3.71 billion to $11.06 billion, the consultants note, although since then the rate of growth has been around 43 percent.

Projected to 2020 at the same rate, that could see a $21.88 billion a year market, GBGC suggests.

Sports betting continues to lead the market, and has increased its contribution to industry GGY from 45.6 percent in 2005 to 48.5 percent in 2015.

Online casino contributed 23.1 percent in 2005, and 29.2 percent ten years on, but online poker underperformed, recording a contribution of 23.2 percent in 2005, falling to just 13.4 percent last year.

Online bingo pretty much plateaued over the decade, contributing 8 percent in 2005 and 9 percent in 2015.