{"id":4537,"date":"2018-11-30T08:04:16","date_gmt":"2018-11-30T13:04:16","guid":{"rendered":"https:\/\/www.realmoneygambling.com\/?p=4537"},"modified":"2018-11-30T08:04:16","modified_gmt":"2018-11-30T13:04:16","slug":"sports-betting-brings-e300-million-to-europe","status":"publish","type":"post","link":"https:\/\/www.realmoneygambling.com\/news\/sports-betting-brings-e300-million-to-europe\/","title":{"rendered":"Sports Betting Brings \u20ac300 Million to Europe"},"content":{"rendered":"<p>\t\t\t\t<em>Sports betting is one of the main pillars of the gambling industry. And now, it\u2019s estimated that Europe reaps \u20ac300 million every year supporting the activity in its legal form. <\/em><\/p>\n<h2 id=\"bet-like-a-european\">Bet Like a European<\/h2>\n<p>Sports betting is only burgeoning in the United States, but the industry in the country is already expected to overtake any other gambling activity. Even though Europe is one of the main markets, the United States is clearly the future. By one estimate, mainstream sporting bodies, such as the <strong>National Basketball Association (NBA)<\/strong> can benefit by adding $600 million a year if they embrace the activity.<br \/>\nBack to Europe, according to the <strong>European Gaming and Betting Association (EGBA)<\/strong>, sports betting is giving employment to <strong>33,000 workers <\/strong>across the European Union (EU), and it\u2019s contributing as much as \u20ac300 million.<br \/>\nAccording to EGBA, sports betting is now operating in 14 EU Member States with 12 million active customers betting in one form or another every day. The net contributions even exceed the \u20ac300-million threshold.<br \/>\nThe money specifically goes to sporting bodies, leagues, professional clubs, and understandably media rights, which are estimated to be one of the most lucrative segments for any investor. In 2017 alone, operators managed to rake in <strong>$19.6 billion in 2017<\/strong>, but the numbers are slated to rise further,<strong> reaching $24.7 billion by 2020<\/strong>.<br \/>\nOne of the popular reasons for the rise was the development of the market and introduction of safety &amp; regulation measures, estimated <strong>EGBA Secretary General Maarten Haijer<\/strong>. According to him, embracing clear-cut regulation has had a positive effect on the industry and will help with its growth in future.<\/p>\n<blockquote><p>Europe\u2019s online gambling sector is a growing and popular form of digital entertainment \u2013 but with this growth comes responsibility to ensure that people are kept safe while playing on online gambling websites. \u2013 EGBA\u2019s Secretary General Maarten Haijer<\/p><\/blockquote>\n<h2 id=\"the-egba-club-is-licensed-legal\">The EGBA Club is Licensed &amp; Legal<\/h2>\n<p>EGBA consists of actual gaming operators, such as GVC, Bet365 and Kindred Group, all of which are actively seeking to expand their reach into the industry.<br \/>\n<a href=\"https:\/\/www.prnewswire.com\/news-releases\/mrg-joins-the-european-gaming-and-betting-association-egba-300720068.html\" rel=\"noopener noreferrer\" target=\"_blank\">All members of the organization<\/a> uphold the highest standards demanded by the industry to ensure customer security, with EGBA members now having completed 56 audits that have reaffirmed, time and again, that they are fully compliant with European and <a href=\"http:\/\/realmoneygambling.com\/news\/news\/gambling-tax-in-the-uk-to-go-up-by-10\/\">national legislation<\/a>.<br \/>\nTo reveal the scope of the industry in 2017, EGBA said that estimated <strong>\u20ac22.6m were invested in Know Your Customer (KYC) checks<\/strong>, the practice of researching your customers so that bookmakers can prevent dirty money from getting into the system.<br \/>\nIn 2017 alone, EGBA members processed the staggering <strong>354 million<\/strong> and have increased the total available payment methods to 31. The organization provided more meaningful insights, <strong>citing the average payout rates at 93.06{44b09f69e02b4a9880bf6e3f987d2afd285263f93639dabf176d3ae6ad2c79c6} in 2017 and observing customer behavior<\/strong> to conclude that customers placed a wager every 17 days.<br \/>\nEGBA members are now moving towards consolidating partnerships with sporting bodies and of course snapping up media rights to guarantee themselves the best possible return. <a href=\"http:\/\/www.igamingbusiness.com\/news\/peter-naessens-lead-eu-gambling-standardisation-project\" rel=\"noopener noreferrer\" target=\"_blank\">Amid a newly-formed standardization gambling body<\/a>, the future of Europe seems to promise a steadfast developments for betting and gambling segments.<\/p>\n","protected":false},"excerpt":{"rendered":"Sports betting is one of the main pillars of the gambling industry. And now, it\u2019s estimated that Europe reaps \u20ac300 million every year supporting the activity in its legal form. Bet Like a European Sports betting is only burgeoning in the United States, but the industry in the country is already expected to overtake any [&hellip;]","protected":false},"author":8,"featured_media":4538,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[219,220,60],"class_list":["post-4537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry","tag-egba","tag-europe","tag-sports-betting"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sports Betting Brings \u20ac300 Million to Europe - Real Money Gambling News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.realmoneygambling.com\/news\/sports-betting-brings-e300-million-to-europe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sports Betting Brings \u20ac300 Million to Europe - Real Money Gambling News\" \/>\n<meta property=\"og:description\" content=\"Sports betting is one of the main pillars of the gambling industry. And now, it\u2019s estimated that Europe reaps \u20ac300 million every year supporting the activity in its legal form. Bet Like a European Sports betting is only burgeoning in the United States, but the industry in the country is already expected to overtake any [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.realmoneygambling.com\/news\/sports-betting-brings-e300-million-to-europe\/\" \/>\n<meta property=\"og:site_name\" content=\"Real Money Gambling News\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-30T13:04:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.realmoneygambling.com\/news\/wp-content\/uploads\/sites\/2\/2018\/11\/egba-sports-betting.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Leanne Simmons\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Leanne Simmons\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Sports Betting Brings \u20ac300 Million to Europe - Real Money Gambling News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.realmoneygambling.com\/news\/sports-betting-brings-e300-million-to-europe\/","og_locale":"en_US","og_type":"article","og_title":"Sports Betting Brings \u20ac300 Million to Europe - Real Money Gambling News","og_description":"Sports betting is one of the main pillars of the gambling industry. And now, it\u2019s estimated that Europe reaps \u20ac300 million every year supporting the activity in its legal form. Bet Like a European Sports betting is only burgeoning in the United States, but the industry in the country is already expected to overtake any [&hellip;]","og_url":"https:\/\/www.realmoneygambling.com\/news\/sports-betting-brings-e300-million-to-europe\/","og_site_name":"Real Money Gambling News","article_published_time":"2018-11-30T13:04:16+00:00","og_image":[{"width":800,"height":400,"url":"https:\/\/www.realmoneygambling.com\/news\/wp-content\/uploads\/sites\/2\/2018\/11\/egba-sports-betting.jpg","type":"image\/jpeg"}],"author":"Leanne Simmons","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Leanne Simmons","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.realmoneygambling.com\/news\/sports-betting-brings-e300-million-to-europe\/","url":"https:\/\/www.realmoneygambling.com\/news\/sports-betting-brings-e300-million-to-europe\/","name":"Sports Betting Brings \u20ac300 Million to Europe - Real Money Gambling News","isPartOf":{"@id":"https:\/\/www.realmoneygambling.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.realmoneygambling.com\/news\/sports-betting-brings-e300-million-to-europe\/#primaryimage"},"image":{"@id":"https:\/\/www.realmoneygambling.com\/news\/sports-betting-brings-e300-million-to-europe\/#primaryimage"},"thumbnailUrl":"https:\/\/www.realmoneygambling.com\/news\/wp-content\/uploads\/sites\/2\/2018\/11\/egba-sports-betting.jpg","datePublished":"2018-11-30T13:04:16+00:00","dateModified":"2018-11-30T13:04:16+00:00","author":{"@id":"https:\/\/www.realmoneygambling.com\/news\/#\/schema\/person\/076af59e2c4546a78a960f2e83c8e657"},"breadcrumb":{"@id":"https:\/\/www.realmoneygambling.com\/news\/sports-betting-brings-e300-million-to-europe\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.realmoneygambling.com\/news\/sports-betting-brings-e300-million-to-europe\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.realmoneygambling.com\/news\/sports-betting-brings-e300-million-to-europe\/#primaryimage","url":"https:\/\/www.realmoneygambling.com\/news\/wp-content\/uploads\/sites\/2\/2018\/11\/egba-sports-betting.jpg","contentUrl":"https:\/\/www.realmoneygambling.com\/news\/wp-content\/uploads\/sites\/2\/2018\/11\/egba-sports-betting.jpg","width":800,"height":400,"caption":"EGBA sports betting in Europe"},{"@type":"BreadcrumbList","@id":"https:\/\/www.realmoneygambling.com\/news\/sports-betting-brings-e300-million-to-europe\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.realmoneygambling.com\/news\/"},{"@type":"ListItem","position":2,"name":"Sports Betting Brings \u20ac300 Million to Europe"}]},{"@type":"WebSite","@id":"https:\/\/www.realmoneygambling.com\/news\/#website","url":"https:\/\/www.realmoneygambling.com\/news\/","name":"Real Money Gambling News","description":"Your #1 trusted source of independent gambling information.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.realmoneygambling.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.realmoneygambling.com\/news\/#\/schema\/person\/076af59e2c4546a78a960f2e83c8e657","name":"Leanne Simmons","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.realmoneygambling.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/6fa4e151cc31db4f076c69828a064e88?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6fa4e151cc31db4f076c69828a064e88?s=96&d=mm&r=g","caption":"Leanne Simmons"},"url":"https:\/\/www.realmoneygambling.com\/news\/author\/leannes\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.realmoneygambling.com\/news\/wp-json\/wp\/v2\/posts\/4537"}],"collection":[{"href":"https:\/\/www.realmoneygambling.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.realmoneygambling.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.realmoneygambling.com\/news\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realmoneygambling.com\/news\/wp-json\/wp\/v2\/comments?post=4537"}],"version-history":[{"count":0,"href":"https:\/\/www.realmoneygambling.com\/news\/wp-json\/wp\/v2\/posts\/4537\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.realmoneygambling.com\/news\/wp-json\/wp\/v2\/media\/4538"}],"wp:attachment":[{"href":"https:\/\/www.realmoneygambling.com\/news\/wp-json\/wp\/v2\/media?parent=4537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realmoneygambling.com\/news\/wp-json\/wp\/v2\/categories?post=4537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realmoneygambling.com\/news\/wp-json\/wp\/v2\/tags?post=4537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}