The European online gambling market size reached € 34 million in 2022, according to IMARC Group research. The data shows that the market will reach € 54 million, exhibiting a growth rate of 7.6 %.
Among the main factors why online gambling is preferred over classic gambling are accessibility and the convenience of being practiced outside of gaming halls and casinos. The expansion of electronic devices is key to its growing popularity. For this reason, designers and programmers develop slot games for computers, mobile phones, laptops, and tablets. This market is also driven by the growth of 5G internet technology, and an increase in the amount of money European citizens are spending on leisure activities.
Online gambling is also preferred due to the lower betting limits compared to those required in traditional halls. On the internet, customers can choose between much more interesting, modern, and diverse slot content.