Illegal Sites Took 71% of Europe’s Betting, Casino Sales in 2024
A new report reveals that illegal gambling operators captured a staggering 71% of Europe's online betting and casino market in 2024, amounting to €80.65 billion ($93.8 billion). This alarming trend highlights the difficulties regulators face in controlling the proliferation of crypto casinos, prediction markets, and unlicensed sportsbooks, particularly during a period of significant growth in the sports industry. The report underscores the urgent need for policymakers to address this challenge and implement effective measures to curb the expansion of illegal gambling activities, which are depriving legitimate operators and governments of much-needed revenue. As the online gambling landscape continues to evolve, the report serves as a wake-up call for European authorities to strengthen their regulatory frameworks and ensure a fair and transparent market for all participants.
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