The gambling and sports betting industry makes almost 50 billion euros profit annually in the European Union.

Error detected

The claim describes Gross Gaming Revenue as 'profit' (Gewinn). GGR is a revenue metric that does not account for operating costs, taxes, marketing, or other business expenses required to calculate actual profit.

The claim attributes the ~50 billion figure to 'the industry' (die Branche) as a whole, but this figure corresponds only to the online gambling segment, which represents approximately 39% of the total EU gambling market.

Omissions

• The MEP uses 'Gewinn' (profit) to describe what is technically Gross Gaming Revenue (GGR), a revenue metric, not net profit. GGR excludes operating costs, taxes, licensing fees, and other expenses — actual profit is considerably lower.
• The figure of approximately 50 billion euros refers only to the online gambling segment (approximately 39% of the total EU market), not the entire industry. The total EU gambling market GGR was approximately 123.4 billion euros in 2024 according to EGBA.
• No consolidated official (Eurostat/ECB/government) data exists for EU-wide gambling industry profit; the available data comes from an industry trade association (EGBA).
• The MEP did not cite any source for the claim.

Sources

• SecondaryEGBA — European Gaming and Betting AssociationTotal gross gaming revenue (GGR) of the European gambling market reached €123.4 billion in 2024, a 5% increase from 2023. The online segment accounted for approximately 39% of the market, equivalent to roughly €48 billion in GGR.
• SecondaryEuronewsThe 2023 figures show total gambling revenue of €131 billion, with online gambling representing 39% (€51 billion) of the market.