Analysts from Euromat examined the situation with the illegal online gambling market in the European Union from 2019 to 2026. They found that its revenue is steadily increasing—by an average of 18% annually.
According to approximate estimates, the volume of the illegal market could reach 13 billion euros in 2026.
The analysts believe that several factors contribute to this growth. These include the popularity of cryptocurrencies and the presence of well-known brands in the gray market.
Additionally, Euromat notes that stringent bans in certain regions have played a role. For example, in 46% of the surveyed European countries, strict restrictions on gambling advertising are in place; in 29%, players are subject to a special tax; and in 14%, specific gambling products are banned. This also drives people toward illegal operators.