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H2 ended 2019 by partnering with the EGBA (European Gaming and Betting Association) to present its unique analysis on the current age of regulatory reform across the EU28 gambling sector.

Director, David Henwood, presented the latest H2 figures on the performance of the sector across Europe - as well as the company’s projections for online growth to 2024e.

In attendance at the meeting were senior representatives of the national gambling authorities from Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, France, Ireland, Latvia, Lithuania, Malta, Netherlands, Poland, Portugal, Slovakia, and Spain. The European  Commission’s gambling unit was also present - plus key EGBA members Bet365, GVC and Kindred - and Dutch MEP Paul Tang who hosted.

The room heard how EU online gambling has grown from €15.7bn in 2015 to €22.2bn in 2018, and is projected to keep rising at a CAGR of 5.7% - reaching €32.3bn by 2024e. This compares with a land-based industry that has relatively flat-lined at €73.5bn and is projected to grow by only 0.1% CAGR over the 2019-24e period. 

Mobile use across Europe has risen from 30% of all online EU28 gambling to 42% today - and by 2024e will have doubled to 62%.

Finally, the amount of gambling channeling onshore is moving from a white regulated market averaging at 65% of all online activity in 2015, to 72% in 2018, and topping 81% by 2024e.

Despite the strong performance of the sector online, H2 warned of the age of regulatory reform to come - driven by external attack and the increasing positioning of the industry politically. "The solution” according to David Henwood 'lies in balancing market equilibrium and the major operators collaborating to create a mature, self-regulated industry with consumer protection front and centre of everything planned going forward”.

For more details and the latest H2 analysis of the EU28 Online Gambling Market please visit the EGBA website here