Turkey Online Gambling Market

turkey’s online gambling market is steadily increasing with no signs of slowing down. as of 2018, the online gambling market in turkey is estimated to be valued around $411 million. this is an impressive figure considering the country’s population of approximately 83 million individuals, which includes more than 45 million citizens that are of gambling age. for the past five years, the main focus of gambling in turkey has been online sports betting. this type of betting is now worth more than $284 million - two-thirds of the total online gambling market. as opposed to other countries, laws in turkey make it easy to register an account with a local bookmaker and provide stability compared to other countries which have unstable regimes. but, recently there has been an increase in online casino gaming in the country, with an estimated $127 million in revenue for 2018. this growing trend mostly consists of foreign operators that operate under licences of the mersin, antalya or istanbul free trade zones. these offshore casinos are predominately powered by gaming software from well-known casino software providers. to accommodate the increasing amount of players in the turkish market, several regulated casinos have opened up recently. one of these establishments is the large trump towers casino in istanbul, offering a wide range of casino games as well as sports betting. the turkish football federation has also implemented a policy which allows individuals to bet on turkish super league matches. this has resulted in a swift increase in revenue generated from betting on matches. even with the upturn in the turkish online gambling market, there have been several significant changes with regards to existing laws and regulations. recently, the government has implemented a number of regulations, such as identification requirements for customers, the ability to set loss limits and the taxation of winnings. overall, turkey’s online gambling market holds a great deal of potential and is expected to remain a lucrative market for years to come. with the increasing amount of regulation in place, it is safe to assume that the industry is well on its way to becoming one of the most successful in the world. a strong online gambling market in turkey will also benefit the economy and help contribute to the country’s overall growth.