- October 6, 2019
- Posted by: Web Admin
- Category: Uncategorized
Berlin, May 8, 2018 — The German gambling market is continuing to rise. In 2017, the German gambling market (lotteries, bets, gaming machines and casinos) created a gross gambling revenue of 13.5 billion euros which is a rise of 300 million euros in comparison with 2016. This equates to additional earnings of 1 billion euros in comparison with 2015. The majority of the gambling segments benefited from the overall positive economic growth in Germany, however, this varied from segment to segment.
These findings are a part of the new report German Betting Market Monitor 2018 published by Goldmedia Strategy Consulting.
Record growth in the gambling segment, however, lotteries are under pressure
In 2017, gambling notched up the most powerful degree of growth of all the gambling segments with a 17 per cent and in gross gaming revenue (wagers minus payouts) in comparison with 2016. In comparison with 2015, the market has increased by 33 per cent in total. This positive trend is expected to continue. The forthcoming 2018 FIFA World Cup in Russia will stimulate additional revenue growth for the 90+ sports betting operators that are active in the German market. What’s more, the dysfunctional regulatory policies which are still in effect in Germany are continuing to provide favourable working conditions that are supporting further growth.
However, the German lottery segment stays static and gross gambling revenue has dropped by 3 per cent, primarily due to declining ticket sales in the highest grossing 6aus49 lottery game. Additionally, the state-owned lotteries are experiencing aggressive competition from online lotteries working from Malta with no German licence.
Changes in the gambling machines section Gaming machines achieved yet another very profitable year, generating a gross gambling revenue of over 7 billion euros in 2017. But, significant structural changes in the market are impending after the introduction of new regulations. Stricter rules governing the entire number of gambling halls and the minimum distance allowed between them may result in a substantial decline in the amount of gaming venues in the medium term. Even though the gaming machine operators have initiated over 1,000 legal event to stall the implementation of those policies, the strong market growth that’s been seen in the past few years has now come to a stop.
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