Fincord Intelligence estimates illegal online gambling generated $50bn in 2025
Fincord Intelligence estimates that illegal online gambling generated about $50bn in worldwide gross revenue in 2025, according to its report. The report says around 5,000 operations used more than 15,000 websites and apps, and describes marketing targeting UK consumers registered with GAMSTOP. It also relays Ukrainian authorities’ assessments of security risks, while noting these are analytical views rather than judicial findings.
The findings describe how illegal operators reach self-excluded UK consumers through online marketing and messaging channels.