The European Gaming and Betting Association (EGBA) has published its Annual Activity Report for 2023 and among the findings was the fact that, for the first time, online casino revenue surpassed sports betting, accounting for 48% of EGBA members’ online revenues.

The report presents "the latest aggregated data from the association’s members for their European online gambling operations in 2022, including information about their combined gaming revenues, stakes, return to player rates, customer winnings, products, customer accounts, and licenses."

Other key findings:

Revenues
The combined online gross gaming revenue (GGR) of EGBA members was €10.7 billion, an 8% yearly decrease, and accounted for one-third of Europe’s total online GGR.

Stakes
Total number of online stakes was 132 billion, a 19% yearly increase.
Online stakes were worth a total value of €184 billion, a 9% yearly decrease.
Average value of online stakes across all products was €1.40, a 53% decrease from 2018.

Customers
Average return to player (RTP) rate of 94.2%.
An estimated €173 billion in customer winnings.
Total of 31.2 million active online customer accounts, a 5% yearly increase.
Read the report here: https://www.egba.eu/uploads/2024/02/...eport-2023.pdf