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Gambling Activities in Estonia - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

EE-R92 March 2024 Factsheet

Revenue

€21.5m

2019-2024 24.0 %
2024-2029 X.X %

Employees

187

2019-2024 0.4 %
2024-2029 X.X %

Businesses

2

2019-2024 0.0 %
2024-2029 X.X %

Wages

€X.Xm

2019-2024 XX.X %
2024-2029 X.X %

Gambling Activities in Estonia market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

Industry Statistics and Rankings

How does this industry perform in Estonia compared to Europe?

Country Benchmarking

Industry Data Estonia

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#14 In Europe
Business
#6 In Europe
Employees
#14 In Europe
Wages
#14 In Europe

View industry report for Europe

Europe's gambling and betting industry is continually evolving, bolstered by advancements in technology and changing consumer habits. While it's a hugely popular form of entertainment, the industry faces challenges, including strict regulations and ethical concerns over gambling addictions. Gaming enthusiasts across Europe are increasingly gravitating towards online gambling, boosting industry demand. However, adverse economic conditions, like the COVID-19 outbreak and high inflation, have weighed on consumer spending on gambling and betting activities. Revenue is expected to contract at a compound annual rate of 5% to €136.5 billion over the five years through 2024, including a 4.2% drop in 2024.

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Enterprises
Number of businesses in 2024

Biggest companies in the Gambling Activities in Estonia

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Entain plc
5,354.6
675.0
12.6

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Top Questions Answered in this Report

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What is the market size of the Gambling Activities industry in Estonia in 2024?

The market size of the Gambling Activities industry in Estonia is €21.5m in 2024.

How many businesses are there in the Gambling Activities in Estonia industry in 2024?

There are 2 businesses in the Gambling Activities industry in Estonia, which has declined at a CAGR of 0.0 % between 2019 and 2024.

Has the Gambling Activities industry in Estonia grown or declined over the past 5 years?

The market size of the Gambling Activities industry in Estonia has been declining at a CAGR of 24.0 % between 2019 and 2024.

What is the forecast growth of the Gambling Activities industry in Estonia over the next 5 years?

Over the next five years, the Gambling Activities industry in Estonia is expected to grow.

What are the biggest companies in the Gambling Activities market in Estonia?

The biggest company operating in the Gambling Activities market in Estonia is Entain plc

What does the Gambling Activities in Estonia include?

Gambling halls and coin-operated machines and Lotteries are part of the Gambling Activities industry.

Which companies have the highest market share in the Gambling Activities in Estonia?

The company holding the most market share in Estonia is Entain plc.

How competitive is the Gambling Activities industry in Estonia?

The level of competition is low and steady in the Gambling Activities industry in Estonia.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

This industry includes companies that operate casinos, bingo halls, betting shops, video gaming terminals, gambling websites and lotteries. Industry revenue is measured as net revenue, or the difference between the amount wagered by customers and the amount paid out to them for wins and cancellations on bets.

Related Terms

BookieVirtual RealityHigh Roller

What's included in this industry?

Gambling halls and coin-operated machinesLotteriesVirtual gambling websitesCasinosBookmaking and betting operations

Companies

Entain plc

Industry Code

ISIC 2006

92 - Gambling and betting activities in Estonia

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Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue Growth
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue
  • Employees
  • Business
  • Profit
Analysis

What's driving current industry performance in the Gambling Activities in Estonia industry?


Outlook

Analysis

What's driving the Gambling Activities in Estonia industry outlook?


Volatility

Analysis

What influences volatility in the Gambling Activities in Estonia industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Gambling Activities in Estonia industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

VR is shifting Europe's betting scene to a new level. By offering a virtual casino-like environment, bookmakers are increasing user engagement, leading to higher profit and greater customer loyalty.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Gambling Activities in Estonia industry's products and services performing?

Analysis

What are innovations in the Gambling Activities in Estonia industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Gambling Activities in Estonia industry?


International Trade

Highlights

  • Total Imports into Estonia
  • Total Exports into Estonia
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

Market share in Europe’s gambling industry is driven by digital innovation. Operators gaining competitive advantage have deployed effective digital strategies, leveraging technology to enhance user experience and engagement.

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Supply Chain

Charts

Buyer and supply industries

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Establishments by Region (2024)
Data Tables
  • Number of Establishments by Region (2024)
Charts
  • Share of Establishments vs. Population of Each Region
Analysis

What regions are businesses in the Gambling Activities in Estonia located?

Companies

Data Tables

Top 1 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit margin (2024)

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Europe’s betting industry is strictly regulated with diverse policies. Government rules in Europe distinctly oversee the gambling and betting industry, with regulations varying widely across different countries, ensuring fair play, preventing addiction, and guarding against financial fraud or money laundering.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Gambling Activities in Estonia industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Online gambling's growth boosts profitability despite economic challenges. Tech advancements and digitisation are key drivers, with lower overheads and market expansion allowing companies to expand their profit margin.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Gambling Activities in Estonia industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.