Despite several stops and starts, 2021 testament to the highest degree likely make delivered improve returns for cassino operators inward Europe. The European Gaming and Betting Association (EGBA) expects a year-on-year growth inwards revenue will follow recorded when 2021 closes.
The twelvemonth 2020 was a horrible clip for casinos everywhere, and 2021 has had its problems as well. However, a story released past the EGBA late reveals that the European gaming market place could finish on a positively charged note. Gross gaming revenue (GGR) could step-up 7.5% before 2022 rolls around.
The describe was created by the EGBA in quislingism with H2 Gambling Capital, a information and research unfluctuating focused on the gaming industry. The closing reached by the 2 is that European GGR testament fill up at about €87.3 1000000000 (US$98.87 billion).
This fig testament primarily be supported by an increment in online action. The online securities industry testament make added another 19%, or roughly €36.4 one million million (US$41.22 billion). Notably, whereas 2020 saw a significant increment in online gaming because of COVID-19, the same upswing was not repeated in 2021.
EGBA Secretary General Maarten Haijer explained the results: “The development trend of Europe’s online play marketplace continues, but there remains significant way for online evolution inward markets, such as France, Germany, Italy, and Spain, where the online percentage of the amount gaming market is stock-still relatively low despite the online markets inward these countries beingness comparatively mature.”
Online Beating Land-Based Gaming
The online gaming segment has seen the biggest increment inwards 2021, spell land-based gaming remained comparatively stagnant. Overall, the EGBA cover indicates that land-based GGR testament only when be 0.4% ameliorate than utmost year. The result is expected to follow €50.8 1000000000 (US$57.5 billion).
The online gaming securities industry testament carry on to grow, potential more than the land-based segment. This is partially the ensue of the acceleration of the COVID-19 pandemic. Online GGR is expected to rising 9% year-on-year to get hold of 41% of the number play revenue in Europe past 2026. Two years ago, the fig was calculate at 26%.
Another trend that has been seen is the increased utilisation of mobile devices like tablets and phones as a way of life for gamblers to wager online. The EGBA predicts that 50.5% of Europe’s wagers will have got taken localize via these devices in 2021, a for the first time for the industry. It also expects this identification number to climb to 61.5% past 2026.
Additional information shows that EGBA members at present calculate for 36% of the European betting space. They are contributing a combined €10.9 1000000000000 (US$12.34 billion) of the continent’s GGR. This includes 45.9% generated from sports betting, and a tote up of 29 billion customers inward the online segment.
The numbers presented could increase still more. What allay cannot follow identified is the impact the omicron variant of COVID-19 testament have got on the industry inward 2022. If additional lockdowns are brought rearwards same they were seen inward 2022, the online industry could ascertain even out greater results next year.