Key Moments: Europe’s illegal online gambling market was estimated to have generated €12 billion in net revenue during 2025 The unlicensed sector is now estimated to account for approximately 25% of Europe’s total online gambling market Researchers pointed to the role of cryptocurrency gambling and regulatory constraints as growth accelerators for the black market Scope and Findings of the Euromat Study A new report commissioned by Euromat has indicated that Europe’s illicit online gambling market reached an estimated net revenue of €12 billion ($14.1 billion) during 2025. According to the…
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