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72% of Europe's iGaming Revenue is Unregulated, New Report Reveals
NewsSeptember 23, 2026·1 min read

72% of Europe's iGaming Revenue is Unregulated, New Report Reveals


The unregulated online gambling gross gaming revenue (GGR) in Europe was €52.6bn in 2023. The unregulated online gambling GGR in Europe increased by 74% to €91.6bn in 2025. 72% of the online gambling revenue in Europe is unregulated.

Unregulated online operators were behind 91% of the online content encountered by audiences interested in online gambling in 2025. Ismail Vali, GCI’s President and Founder, and former Yield Sec CEO, acknowledged that the €91.6bn figure highlights the scale of unregulated online gambling activities taking place across Europe in 2025. Derek Webb, CFG’s Founder, added that the €91.6bn in unregulated online gambling revenue in 2025 is a testament to the failure of Europe’s enforcement.

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Argus Riven

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Argus Riven

I've spent years at the tables — cash and tournaments — and just as long shaping poker copy behind the scenes: room reviews, bonus fine print, tournament notes. At PokerInsider I write the way I wish more sites would: clear structure, honest trade-offs, no hype. Whether you're new or already grinding, I care about what the offer actually costs you — rake, variance, and the fine print — and I treat responsible play as part of the job, not a footnote.

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