Gambling revenue in Europe fell by almost a quarter

According to new data from the European Gambling and Betting Association (EGBA), total gambling revenue European operators in 2020 will decrease by 23% compared to last year. Analytical material was prepared with the help of H2 Gambling Capital. Based on them, it is possible to assess the scale of the impact of the Covid-19 pandemic on the gambling industry across the continent.

According to the report, the gross income from gambling in 27 EU countries and the UK will be 75.9 billion euros by the end of this year compared to 98.6 billion euros in 2019.

At the same time, according to forecasts, the profit from online gambling will grow by 7% at the end of the year. Total online revenue will reach 26.3 billion euros, up from 24.5 billion euros last year.

The report predicts that the growth of European online gambling will continue at an accelerated pace over the next four years, and by 2025 This segment will account for 33.6% of all gambling revenues in Europe this year.

As for land-based gambling establishments, the statistics here are less rosy. Casino revenue is expected to fall to 49.6 billion euros (down 33%) from 74.1 billion euros in 2019. It’s all to blame for the scale of the Covid-19 pandemic and the curfew for gambling facilities across Europe.

Maarten Hayer, Secretary General of EGBA, summed up the situation as follows: “Like many other industries, the European gaming sector has been affected by Covid-19 this year, but the growth trend of this business continues to be strong. We are confident that we will see a significant rise in the markets of France, Germany, Italy and Spain in the coming years.”

In addition, the EGBA expressed support for the proposal of the European Commission on Digital Services, as this initiative will help to standardize guarantees for customers of gambling operators throughout the EU.

Recall that the Ukrainian gambling businessrequests to exempt the industry from taxes for 4 years.

Richard "Boz" Bosworth is the main partner and CEO of the young company JC Hospitality, LLC ...
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