Yield Sec’s study estimated that unlicensed operators generated €80.6bn, or 71% of Europe’s online gambling market. It said illegal-market revenue rose 53% in 2024, while the legal sector grew 30%; the total market reached €114bn.
The estimate provides operators and regulators with figures on the scale and growth of unlicensed gambling in Europe.
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Research commissioned by the Campaign for Fairer Gambling found that 89% of illegal sports-stream views in Great Britain during 2024 and the first half of 2025 carried illegal gambling advertising. The report also estimated 3.1 billion views of streams lasting at least 90 seconds in 2024 and 1.6 billion in the first half of 2025. It estimated illegal operators held about 9% of the £8.2bn online gambling market, using first-half 2025 data.
A study commissioned by the European Casino Association and conducted by Yield Sec estimated that illegal operators generated €80.6bn in EU online gambling gross gaming revenue in 2024, compared with €33.6bn for the legal market. It estimated more than €20bn in lost tax revenue using an assumed EU-wide online gaming tax rate of 25%.
The European Casino Association published a study by Yield Sec estimating that illegal operators accounted for 71% of the EU online gambling market in 2024. The study put unregulated gross gaming revenue at €80.6bn, compared with €33.6bn for the regulated market, and estimated that illegal operators diverted more than €20bn in tax revenue that year.
A study by Yield Sec estimated that illegal online gambling in the European Union deprived member states of more than €20bn in tax revenue in 2024. The study was commissioned by an unnamed party in the available text.
Brazil’s Minister of the General Secretariat of the Presidency, Guilherme Boulos, called for higher taxes on betting companies during his inauguration address. He also backed taxing billionaires, arguing that the measures could increase public funds and reduce inequality; the source does not identify a specific tax proposal or legislative next step.