Although iGaming is relatively new overall as an industry, online gambling has been going on for over 20 years by now. The first online casino was established in 1994 when most people weren’t even aware of the internet’s existence. Of course, the first online casino games were extremely simple and didn’t have the regulation levels as they do have nowadays. In the past two decades, the iGaming industry has been through an industrial revolution and online casinos certainly aren’t programmed from basements anymore. In 2005, for example, the online gaming market had a volume of €12.2 billion while a the market volume of online gambling is forecasted to reach €36.6 billion in 2015, tripling in size since 2005. The iGaming industry includes all online gambling activities such as online poker, online casinos, online sports betting, online bingo and online lotteries. Of these, online casino games and online sports betting make up the largest share of the market.
Online gambling in Europe
Online gambling is a successful and dynamic sector and is expected to account for 14,58% of the total gambling market of 2015 with the land-based operators retaining a large majority share with 85,42% of the total European gambling market. The European iGaming industry market is the largest worldwide. Of the €26.6 billion of gross win generated globally in 2013, 47,4% was attributable to the European online gambling market. This market leadership is mainly due to the shutdown of the online gambling market in the US in 2006 and an extremely conservative approach to online gambling in Asia.
About the euro
Even though European online casinos account for almost half of the gross win generated globally, the first gambling sites didn’t even offer euros as the euro came into existence on 1 January 1999. The currency was born virtually but on the first day of January 2002 notes and coins began to circulate. It didn’t take long for the euro to take over from the former national currencies in European countries and slowly expanded behind the rest of the EU.
Which countries use the euro?
The euro (€) is the official currency of 19 out of 28 EU member countries, collectively known as the Eurozone. The euro is used by some 338.6 million people every day.
The Eurozone countries are:
Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, and Spain.
EU Countries with a different currency:
Denmark, United Kingdom, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, and Sweden.
Most common iGaming jurisdictions Europe
Almost every online casino with the Euro available granted an online casino license within one of the most common iGaming jurisdictions: Malta, Alderney, Gibraltar, Isle of Man or Curaçao. Some European countries regulated online casino and other gambling sites which mean that online casinos operating in these jurisdictions have to be in the possession of a casino license granted by that country.
The chance that an online casino with Euro is granted a casino license in Malta is pretty big as this jurisdiction began licensing online gambling sites with Euro and other currencies in 2000. In April 2004, just one month before the island became an EU member, revamped Remote Gaming Regulations were published making Malta the first EU member state to regulate online gambling. As one of the world’s largest and most respected iGaming jurisdictions, Malta accommodates over 500 licensees in the possession of a Class 1-4 license granted by the Malta Gaming Authority (MGA).
When you find an online casino with Euro which is licensed in Gibraltar, you don’t have to be suspicious as Gibraltar is another well respected iGaming jurisdictions in Europe. Gibraltar developed into an iGaming hub, attracting major international licensees like Bwin.Party, Ladbrokes, and Betfair. The main piece of gambling legislation in Gibraltar is the Gambling Act 2005, which was last amended by the Gambling Act 2011, also regulating online casinos with Euro.
While the above iGaming jurisdictions are in Europe, Curacao is still playing a big role in the iGaming industry being one of the first jurisdictions to regulate online gambling. Online casinos have been able to apply for a casino license in Curaçao since 1996. Currently, over 200 iGaming companies are operating from Curaçao and a chance they are offering an online casino with Euro is rather big.
NetEnt Casinos with Euro
In the past two years, I’ve selected around 30 NetEnt Casinos of which I believe they are reliable and worth playing at. You can easily find them on every page on NetentCasinos.com, on the left side, and the majority are NetEnt Casinos with Euro.
The list of online casinos with Euro:
Free Spins Casino, No Bonus Casino, Klaver Casino, All Irish Casino, Casinoland, Polder Casino, InstaCasino, Adler Casino, Fruity Casa, 21 Casino, NederBet, UniBet, MyBet, CaratCasino, Mr Green, Maria Casino, LeoVegas, NextCasino, Guts, Casino Room, CasinoLuck, Smart Live, and Paddy Power, 888 Casino.
Most of them can be called European online casino as registered in at least one EU jurisdiction with the majority having a Maltese casino license and, therefore, 100% reliable.