Industry News
EGBA: Coronavirus Concerns Leads To 11% Drop In Forecasted Global Gambling Revenues

Global concerns about the coronavirus (COVID19) have led to a 11% drop in forecasted global gambling revenues in 2020* – with 2020 global gambling gross win downgraded from its pre-COVID19 forecasts of $473bn to $421bn (close to 2016 levels), according to industry analysts H2 Gambling Capital’s new weekly COVID Impact Tracker.
While H2 Gambling Capital expect an increase in online activity, with the online gambling sector moving from 13.2% to a 15.7% share of global gambling revenue, the unprecedented shutdown of major sports events across the globe will hit overall revenues across the entire gambling sector (both offline and online).
Currently major sports events suspended or canceled due to the virus include football’s the English Premier League, Spain’s la Liga, Germany’s Bundesliga and the European Champions League, as well as The Masters golf major, and the UK’s Grand National horserace – all major events for European bookmakers.
In 2018, EGBA members generated €2.36bn in online sports betting revenue, accounting for 44% of their total online gambling revenues**.
“It’s sad that so many iconic sporting events are being cancelled or suspended and it will obviously have a negative impact on our sector. But the safety and health of the public is obviously more important and we fully support the sporting authorities and others in the difficult decisions they face right now”, said Maarten Haijer, Secretary General of the European Gaming and Betting Association (EGBA).
*Based on latest available information.
**EU-28 market only.
Source: EGBA
-
Africa5 days ago
QTech Games wins Best Innovation of the Year at the 2025 SBWA+ Eventus Awards
-
Asia5 days ago
NODWIN Gaming and JioStar Unveil OnePlus Android BGMS Season 4
-
Latest News5 days ago
Vindral appoints Henrik Fagerlund as Chairman of the Board
-
Latest News5 days ago
Calema to Perform at Legends Charity Game in Lisbon
-
Conferences in Europe5 days ago
EGT Digital and EGT to rock the show at SiGMA Euro-Med 2025
-
Latest News5 days ago
Push Gaming redefines its portfolio, unveiling new game categories and sub-brand for extended player reach
-
Affiliate Industry5 days ago
Nikita Lukanenoks Brings Slotsjudge Into Spotlight With Affiliate Leaders Awards 2025 Nomination
-
Latest News5 days ago
Thunderkick returns for an even fierier fiesta in Carnival Queen 2