Gambling revenue in Europe is up 23% this year as casinos and betting shops reopen after the pandemic, while overall revenue growth remained at 8% up from the pre-pandemic levels.
According to the annual report European Online Gambling – Key Figures 2022, published by the European Gambling and Betting Association (EGBA), the revenues on the European gambling market in 2022 grew by 23% and amounted to EUR 108.5 billion. The widespread requirement for land-based casinos to go on a quarantine resulted in the decline of the revenues in 2020 and 2021, but since the restrictions were lifted the growth rate has stabilized at 8%. Online gambling revenues continued to grow steadily, reaching EUR 38.2 billion in 2022.
EGBA report draws on the overview data and forecasts for the European gaming market, information on online gambling products, gaming markets in European countries, including the EU-27 and UK markets, as well as the latest data on the number of customers and sales that are available to EGBA, whose member companies include bet365, Betsson Group, Entain, Flutter, Kindred Group and William Hill.
Maarten Hayer, Secretary General of EGBA, said: «Europe’s gambling market began to stabilize 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.»
Don’t forget to subscribe to our Telegram channel!
