iGaming Monthly Digest: March 2025

Gambling Revenue Breakdown Across GEOs in 2024

2024 was a profitable year for the global gambling market, with online gambling showing significant growth. According to the EGBA report, gross gambling revenue in Europe reached €123.4 billion, marking a 5% increase from the previous year. While the land-based market share declined from 63% to 61%, online gambling now accounts for 40% of the total GGR, reflecting the ongoing shift toward digital channels.

Here’s a look at gambling revenue performance in several European countries in 2024:

• Spain: Online gambling revenue in Spain reached a record €1.45 billion, setting a new high for the country. This marks significant growth in the online casino segment.
• Portugal: Portugal achieved a record iGaming revenue of €1 billion in 2024, driven primarily by growth in online gambling.
• Greece: OPAP, Greece's leading gambling group, reported a record €2.3 billion in revenue for 2024, with strong contributions from online gaming and betting platforms.
• Germany: Revenue from online gaming, games, and gaming equipment in Germany reached €9.4 billion in 2024, though it represented a 6% decline compared to the previous year.
• Slovakia: Slovakia saw a 30% increase in online gambling revenue, reaching nearly €476 million in 2024, while the land-based sector is expected to decline in 2025.

These figures highlight the impressive growth of the online gambling sector in Europe, where digital channels continue to outpace traditional land-based markets in many countries.

iGaming Events and Awards

The venue for iGB Live 2025 has been officially confirmed, and the event will take place at the London Waterfront Experience. This marks a major shift from previous years, as the event will be hosted at this newly designed, cutting-edge location. iGB Live 2025 is scheduled for July 1-4, 2025, and will offer an immersive environment for professionals in the iGaming industry to network, showcase products, and discuss the latest trends.

Casino Guru has announced the shortlist for the prestigious 2025 Casino Guru Awards, which recognize the industry's top performers in various categories. These awards celebrate the best in iGaming innovation, game development, customer service, and much more.

Among the most highly anticipated categories is the Best Game Provider award, and this year’s shortlist features several standout companies, including our partners Pragmatic Games, BGaming, Push Gaming, and TaDa Gaming. These companies have been nominated for their exceptional contributions to game development and the overall iGaming experience, showcasing their leadership in creating engaging and innovative gaming solutions.

Regulatory Updates and Certification News

The gambling industry is experiencing key shifts, with major companies expanding and governments reforming regulations. This chapter covers recent developments that are reshaping the sector.

• Bragg Gaming Group has reported a record-breaking revenue of EUR 27.2 million for Q4 of 2024, signaling strong growth in the online gaming sector. This achievement is part of their successful expansion and strategic positioning in key international markets. For the full year, the company achieved EUR 102.0 million in revenue, showcasing the strength of its portfolio and its ability to drive growth through partnerships and innovations.
• Finland is reforming its gambling market by introducing a new bill that will break the monopoly held by state-owned Veikkaus. With around half of Finnish players already using offshore websites, significant tax revenue is being lost, while the lack of regulation on these sites raises concerns about player protection and gambling addiction.
• Ukraine has introduced a new agency, "PlayCity," which will take charge of regulating the country’s gambling and lottery activities. The creation of PlayCity is part of a broader effort by Ukraine to streamline and modernize its gaming regulations. This agency will be responsible for issuing licenses, enforcing regulations, and ensuring that the gambling market operates transparently and responsibly.
• 3 Oaks Gaming has successfully obtained certification for the Brazilian market, enabling the company to offer its portfolio of games to operators in Brazil. This milestone marks a significant expansion for 3 Oaks Gaming in Latin America, allowing it to tap into one of the region's fastest-growing gaming markets.
• Octoplay has expanded its presence in Europe by forming a new content partnership with JOI Gaming in the Netherlands. This collaboration will enhance Octoplay’s reach and distribution in the region, strengthening its position in the competitive European gaming market.
• BGaming has successfully achieved certification for its portfolio of games in Italy, marking a significant milestone for the company. This certification allows BGaming to distribute its games to Italian operators, opening up new opportunities in one of Europe’s largest and most regulated gambling markets.