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Sports BettingDecember 30, 2021·1 min read
EGBA Predicts €126.3 Billion in European Gambling Revenue by 2026
The European Gaming and Betting Association (EGBA) has predicted a steady rise in European gambling revenue by 2026. The EGBA's annual report predicts that 2021 will see a 7.5% increase in gambling revenue, reaching €87.2bn, up from €81.1bn in 2020.
However, this improvement is still well below the 2019 figure of €100.6bn. The report highlights a clear pattern in the gambling industry, with online betting showing significant growth while land-based operations struggle to recover from the impact of the COVID-19 pandemic.
The EGBA predicts that 2026 will see €126.3bn in gambling revenue. Online gambling revenue is expected to double by 2026 compared to 2019. In 2021, 50.5% of all bets were placed online, a statistic expected to rise to 61.5% by 2026. Land-based gambling is expected to see only a 0.4% increase at the end of 2021, a 31.8% drop from 2019. Maarten Haijer, Secretary General of EGBA, emphasized the need for well-regulated online markets and the use of the latest technologies to promote safer gambling.
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