Online Gambling

Eastern Europe

Highlights

Revenue in the Online Gambling market is projected to reach US$1.02bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.45%, resulting in a projected market volume of US$1.33bn by 2029.
The Online Casinos market has a projected market volume of US$685.50m in 2024.
In global comparison, most revenue will be generated United States (US$24.98bn in 2024).
The average revenue per user (ARPU) in the Online Gambling market is projected to amount to US$865.50 in 2024.
In the Online Gambling market, the number of users is expected to amount to 1.4m users by 2029.
User penetration in the Online Gambling market will be at 3.6% in 2024.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Online Gambling market in Eastern Europe has been experiencing significant growth in recent years. Customer preferences in Eastern Europe have been shifting towards online gambling due to several reasons. Firstly, the convenience and accessibility of online gambling platforms have attracted a large number of customers. With just a few clicks, players can access a wide variety of games and place bets from the comfort of their own homes. This convenience factor has been a major driver of the market's growth. Another factor contributing to the growth of the online gambling market in Eastern Europe is the increasing popularity of mobile gambling. With the proliferation of smartphones and the improvement of mobile internet connectivity, more and more people are using their mobile devices to gamble online. This trend has opened up new opportunities for online gambling operators to reach a larger customer base. In addition to convenience and mobile accessibility, customer preferences in Eastern Europe are also influenced by the wide range of games and betting options available online. Online gambling platforms offer a diverse selection of casino games, sports betting, and other forms of gambling, catering to the different preferences and interests of customers. This variety has attracted a diverse range of customers, further driving the growth of the market. Trends in the market indicate that the online gambling industry in Eastern Europe is becoming more regulated. Governments in the region are recognizing the potential economic benefits of online gambling and are implementing regulations to ensure a fair and transparent market. This regulatory framework provides a sense of security for customers, which in turn encourages more people to participate in online gambling activities. Local special circumstances in Eastern Europe also play a role in the development of the online gambling market. Some countries in the region have a long tradition of gambling, and online gambling has provided a modern and convenient alternative to traditional brick-and-mortar casinos. Additionally, the relatively low cost of operating an online gambling platform compared to a physical casino has attracted both local and international operators to enter the market. Underlying macroeconomic factors such as increasing disposable income and improving internet infrastructure have also contributed to the growth of the online gambling market in Eastern Europe. As the economy in the region continues to develop, more people have the financial means to participate in online gambling. Furthermore, the expansion of high-speed internet coverage has made it easier for customers to access online gambling platforms, further fueling market growth. Overall, the online gambling market in Eastern Europe is experiencing rapid growth due to customer preferences for convenience, mobile accessibility, and a wide range of games. The increasing regulation of the market, local special circumstances, and favorable macroeconomic factors are also contributing to its development. As the market continues to evolve, it is expected to attract even more customers and generate significant revenue for operators in the region.

Data coverage:

The data encompasses B2C enterprises. Figures are based on Gross Gambling Revenue (GGR) and represent what consumers pay for these products and services.

Modeling approach:

Market size is determined through a Top-Down approach. We use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global survey), as well as performance factors (e.g., user penetration, price per product, usage) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP, number of internet users, and internet consumption.

Forecasts:

We apply a variety of forecasting techniques, depending on the behavior of the relevant market. For instance, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP per capita, consumer spending per capita, and 4G coverage.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Data from the Statista Consumer Insights Global survey is reweighted for representativeness.