EGBA released official data predicting 23% decline in 2020
European Gaming and Betting Association (EGBA) , the trade body representing online gaming and betting operators licensed in the EU, has published official figures showing that gambling revenues will fall by 23% in 2020. Due to the significant impact of the coronavirus outbreak.
"Like many other sectors, the European gambling sector has suffered this year as a result of COVID-19, but the online growth trend remains strong.
Maarten Haijer, Secretary General, EGBA
Online gambling is going from strength to strength
The data shall include 7% growth in online gambling revenues at 27 markets in the EU and the UK market it covers. It is expected that gross gaming revenue (GGR) from online operations will achieve 26.3 billion euro in 2020, Compared to 24.5 billion euro the previous year, despite a decline in the second quarter as a result of massive cancellations of sporting events.
"There is still plenty of room for growth in markets such as France, Germany, Italy and Spain, where online penetration of the overall gaming market is still relatively low compared to other European countries."
Maarten Haijer, Secretary General, EGBA
The projected growth in online gaming revenue would not be sufficient to offset the declining revenue generated by land-based gambling outlets, which are expected to lose 33% , z 74.1 billion euro in 2019. To 49.6 billion euro in 2020, Mainly due to the closures of imposed sites.
Z on the other hand , EGBA predicted a steady increase of 7% annually in the online gambling market, stating that industry revenues will reach 33,6% of total gambling revenue to 2025 r.
With the rise of online gaming, the popularity of using mobile devices to place bets is increasing, reaching 45,6% the share of all establishments in Europe in 2020. And it is projected to increase to 50,8% by 2022 I 58,2% in 2025. At the current rate of growth, mobile betting is expected to surpass the level of first-time desktop use in 2022.
Data of member companies
The EGBA data publication included information from member companies Bet365, Bettson Group, Entain, Kindred Group and William Hill on customer numbers, market value, gaming, sports investment, licensing and compliance. In June, EGBA introduced a new code of conduct about online gambling.
"We applaud our members' efforts for safer gambling and their significant investment in European sports.
Maarten Haijer, Secretary General, EGBA
The five gaming operators registered a total of 16 million online customers and in total 5.6 billion GGR online, with an average customer win rate of 94,3% . 63% customers used at least one safer gambling tool, noting 37% increase compared to the previous year, while direct interventions by operators also recorded an increase of 50% year on year to 1.2 million.
Member companies have invested a total of 340 million euro in European sport, by sponsorship , €107 million and streaming rights EUR 233 million, an increase of 56% versus with the previous year.
In terms of compliance, companies have acquired 145 online gambling licenses in 17 European countries, but also closed accounts 1.8 million customers in relation to concerns about know your customer (KYC) ...scams, anti-money laundering (AML) and the integrity of betting. / match fixing.
