That high number, coupled with the fact that Internet and mobile technologies are exploding, adds up to significant profit potential for the EU market. According to commission statistics, approximately 6.8 million EU consumers participate in some type of virtual gaming each year. In 2015, profits are expected to exceed €12 billion.
In 2011, the industry generated a revenue of €9 billion.
Online gaming is one of the EU's fastest growing markets. Some of the EU's most significantly impacted countries, when it comes to online gambling, are Germany, France, Belgium, and the Netherlands. This governing body exercises great influence over online gambling laws in the EU's 28 constituent countries. Although Europe is a collection of separate countries, many of them are united under the umbrella of the European Union, or EU, which is governed by the European Commission. Online gaming in Europe is sometimes called a “gray market” because the ever-changing laws and parameters for the different territories can be confusing.
