Online Casinos - Eastern Europe | Statista Market Forecast

Revenue in the Online Casinos market is projected to reach US$685.50m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.54%, resulting in a projected market volume of US$897.70m by 2029.
In the Online Casinos market, the number of users is expected to amount to 637.8k users by 2029.
User penetration will be 1.8% in 2024 and is expected to hit 2.0% by 2029.
The average revenue per user (ARPU) is expected to amount to US$1.17k.
In global comparison, most revenue will be generated United Kingdom (US$6.47bn in 2024).
With a projected rate of 35.6%, the user penetration in the Online Casinos market is highest Canada.

Definition:

The online casinos market refers to the segment of the online gambling industry that offers a range of traditional casino games, such as blackjack, roulette, baccarat, and slot machines, that can be played over the internet. Online casinos provide customers with the opportunity to play these games from the comfort of their own homes or on the go through various devices, including computers, tablets, and smartphones.

Additional Information

Data includes revenue figures in Gross Gambling Revenue (GGR), which is the total amount of bets placed by customers minus the amount paid out in winnings, Users, average revenue per user (ARPU), user penetration rate, and a breakdown of the product shares of the total online casino market. User and revenue figures represent B2C services.

Online slot machines such as Starburst, Mega Moolah, and Gonzo's Quest
Online card games such as poker, blackjack, baccarat, and their variants
Online roulette games such as European, American, and French roulette

Offline or land-based casino establishments such as casinos and gaming halls
Skill-based games such as chess, backgammon, and Go
Betting on non-casino games such as sports, politics, and entertainment.

The Online Casinos market in Eastern Europe has been experiencing significant growth in recent years, driven by changing customer preferences, emerging trends in the market, and local special circumstances.

Customer preferences: Customers in Eastern Europe are increasingly turning to online casinos for their gambling needs due to the convenience and accessibility they offer. Online casinos provide a wide range of games, including popular options such as slots, roulette, and poker, which cater to the diverse preferences of customers in the region. Additionally, the ability to play from the comfort of their own homes or on-the-go through mobile devices has further contributed to the popularity of online casinos in Eastern Europe.

Trends in the market: One of the key trends in the Online Casinos market in Eastern Europe is the growing adoption of mobile gambling. With the increasing penetration of smartphones and improved internet connectivity, customers are now able to access online casinos anytime and anywhere. This trend has led to the development of mobile-responsive websites and dedicated mobile applications, providing a seamless and user-friendly gambling experience on mobile devices. Another trend in the market is the emergence of live dealer games. Live dealer games combine the convenience of online gambling with the real-time interaction and atmosphere of a traditional casino. This trend has gained traction in Eastern Europe, as it offers an immersive gambling experience and appeals to customers who prefer the social aspect of gambling.

Local special circumstances: Eastern Europe has a unique set of circumstances that have contributed to the growth of the Online Casinos market. One such circumstance is the relatively high internet penetration rate in the region. This has made it easier for online casinos to reach a larger customer base and attract new players. Additionally, the regulatory environment in Eastern Europe has become more favorable towards online gambling in recent years. Several countries in the region have introduced legislation to regulate and license online casinos, providing a legal framework for operators to operate and customers to engage in online gambling activities. This has increased consumer confidence and trust in online casinos, leading to a surge in demand.

Underlying macroeconomic factors: The growth of the Online Casinos market in Eastern Europe is also influenced by underlying macroeconomic factors. The region has experienced economic growth in recent years, leading to an increase in disposable income and discretionary spending. As a result, customers have more money to spend on leisure activities, including online gambling. Furthermore, the COVID-19 pandemic has had a significant impact on the market. With the closure of land-based casinos and restrictions on social gatherings, customers have turned to online casinos as an alternative form of entertainment. This has accelerated the growth of the Online Casinos market in Eastern Europe, as more people have embraced online gambling during these challenging times. In conclusion, the Online Casinos market in Eastern Europe is experiencing growth due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. The convenience and accessibility of online casinos, along with the adoption of mobile gambling and live dealer games, have contributed to the increasing popularity of online gambling in the region. The favorable regulatory environment and economic growth have further fueled the market's expansion.

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.

This report presents a comprehensive analysis and additional information on the Advertising & Media market, in a PDF format.

As an industry seemingly built on chance, the odds of the global casino sector growing in the coming years appear a safe bet. Thanks to the ongoing legalization of gambling-related activities in many parts of the world, licensed casinos have expanded to new markets and generated record-breaking revenue figures. While the market size of the casino and online gambling industry suffered heavily during the coronavirus (COVID-19) pandemic, falling by nearly 100 billion U.S. dollars in 2020, the recovery has been steady. As of 2024, the industry’s market size totaled over billion U.S. dollars. At the center of this growth has been leading casino companies such as MGM Resorts, which alone generated 16.16 billion U.S. dollars in revenue in 2023. Online enterprises specializing in sports betting have also carved out significant chunks of the market share, with Fanduel and DraftKings both ranking as two of the most valuable gambling brands globally in 2024.