Euromat Report: 25% of EU Online Gambling Tied to Illegal Operators

The European illegal gambling market has grown significantly since 2019, according to a new Euromat report. The size of the European illegal gambling market has grown three-fold since 2019, based on a new Euromat report.

The report was delivered by Regulus Partners and Helios, pinpointing the value of illegal gambling at €12bn in net revenue in 2025, 25% of the total. The report covered 28 jurisdictions, most of which were European Union member-states.

Euromat has looked into the latest figures related to the state in Europe's online gambling market, noting that an estimated 25% of it now belongs to unlicensed or offshore operators, collectively referred to as the black market. The survey was conducted by Regulus Partners and Helios, and took 1,000 person-hours of forensic analysis to be completed. The companies resorted to digital marketing and web traffic data, which were compared to other data sets, such as social and political developments, and the impact of country-specific regulatory interventions.