A CGIA study found that AWP and VLT turnover in Italy fell 32.5% from 2019 to €31.483bn in 2025, reducing their share of physical gambling to 49%. Over the same period, sports betting turnover rose 33.6% to €8.767bn and Lotto and lotteries increased 19.8% to €20.622bn.
The physical market is shifting towards lotteries and sports betting as machine collections remain below 2019 levels.
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A study published by the Brazilian Institute for Responsible Gaming (IBJR) reports a reduction in the illegal betting market's share in Brazil. The study, titled "Fuera del Radar 2.0", was produced by LCA Consultores and examines the scale of and fight against the illegal market.
Switzerland’s Gespa reported regulated gambling turnover of CHF3.87 billion in 2025, down 2.4% from 2024. Gross player yield declined 3.7% to CHF1.203 billion; online revenue fell 1.7%, while land-based revenue dropped 4.3%.
A 2026 study produced with the Luiss research group GRIF examined Italy's unregulated gambling market and the wider sector. It reports that legal online gambling turnover reached €92.1bn in 2024, compared with €65.3bn through physical channels, representing nearly 59% of the legal market.
A peer-reviewed study found Macau concessionaires’ commissions, incentives, discounts and rebates totalled MOP39.507bn in 2024 and MOP31.762bn in 2023, below MOP62.608bn in 2019. The study said these costs fell more sharply than gross gaming revenue, as revised rules restricted junkets’ operating models.
A Progressive Policy Institute report comparing consumer bankruptcy filings from 2019 to 2024 found a 40% decline in states that had legalised online sports betting by 2021, against a 34% national fall. The report said credit-score gains in early-adopter states were similar to the national increase and noted that betting expenditure remained near 1% of personal consumption. It also called for attention to problem gambling and consumer protection.