By
Phil
– January 3, 2023
According to an annual report by the European Gaming and Betting Association, (EGBA), in partnership with HTML3_ H2 Gambling capital HTML3_, Europe’s gambling industry revenue stabilized this year. This is eight percent more than pre-pandemic levels.
The European Online Gambling Report 2022 shows that Europe’s gambling industry revenue rose by 23% to EUR108.5bn in 2022. This was due to a substantial rebound in land-based gaming revenue after the opening of betting shops and casinos. Gambling market revenue stabilized this year, at 8 percent above the pre-pandemic levels of 2019. This was after the extensive closing down of European land-based casinos and subsequent decreases in Europe’s gaming market revenues in 2020 and 2021.
In 2022, online gambling revenues grew steadily to EUR38.2bn GGR. This is an eight percent increase over 2021. However, the land-based gaming revenue grew by 34% to EUR70.3bn GGR in this year’s fiscal year. This is a significant increase over 2021, however, it remains below 6 percent compared with 2019.
This annual report covers the UK and EU-27 gambling markets. It includes data and forecasts on Europe’s online gambling product market and data about European national markets.
Maarten Haijer (EGBA Secretary General) said that “Europe’s Gambling Market began to stabilize this year after the unprecedented upheavals and disruptions caused by the pandemic.” Online gambling continues to rise, but land-based gambling has begun to recover from widespread closures of betting shops and casinos in the last two years. Operators saw a boost this year thanks to unexpected matches that were favorable for the bookmakers.
EGBA member countries had a total of EUR11,6bn online gambling GGR. This accounted for 33% of Europe’s online gambling revenue that year. Online gambling generated 46 percent of the GGR. Then came online casino, which accounted for 45 percent.
The European online betting market had 29,8 million customers. There was a combined total value of EUR202.9bn in online stakes and bets, including bonuses, which were processed by customers.
With an average return rate of 94.3 percent, the customer winnings returned EUR191,3bn. Pre-match gambling grew in popularity, accounting for 66% of the online betting GGRs of EGBA members .
A total of 225 licenses were issued in 21 European countries for online gambling. Online licenses are available now in Croatia, the Netherlands and Slovenia.
