Friday, June 14, 2024

 Europe’s Gambling revenues stabilised above pre-pandemic levels in 2022

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 Europe’s gambling market revenue increased 23% this year, driven by the post-pandemic reopening of casinos and betting shops, with local revenue stabilising 8% above pre-pandemic levels.

According to the “European Online Gambling; Key Figures 2022” report, Europe’s gambling market revenue increased by 23% to €108.5 bn gross gaming revenue in 2022, driven by a significant rebound in land-based gambling revenue following the reopening of casinos and betting shops. After the widespread shutdown of land-based gambling venues and subsequent declines in Europe’s gambling market revenue in 2020 and 2021, gambling market revenue stabilised this year at 8% above 2019’s pre-pandemic revenue levels. 

The steady growth in online gambling revenue continued in 2022, reaching €38.2bn GGR, an increase of 8% compared to 2021. Meanwhile, land-based gambling revenue rebounded significantly to €70.3bn GGR this year, a growth of 34% compared to 2021 levels, but remained down 6% compared to 2019 revenues. 

The annual report, covering the EU-27 and UK gambling markets, includes aggregated data and forecasts for Europe’s gambling market, online gambling products, and information about the different national gambling markets in Europe, as well as the latest customer and revenue data from EGBA member companies: bet365, Betsson Group, Entain, Flutter, Kindred Group, and William Hill. 

“Europe’s gambling market began to stabilise this year following the unprecedented upheaval and disruption of the pandemic. While the steady upward trend of online gambling continues, land-based gambling is now rebounding from the widespread shutdowns of casinos and betting shops during the past two years. The World Cup provided an uplift for operators this year, with several unexpected match results being friendly to the bookmakers”, says Maarten Haijer, Secretary General, EGBA. 

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