Statistical Overview of Escalating Market Development for the iGaming Sector15 march 2020
Casino Market is happy to present to you our overview of the 2020 iGaming Dashboard.
The key point of this examination is to depict the influence of the Covid-19 outbreak on the worldwide market and provide a detailed prediction of the upcoming situation in the following years.
The major impact was made to the local gambling markets of China, Singapore, Japan, South Korea, Macau, Malaysia, and Italy. The land-based iGaming business suffered a massive blowout, having lost over $23 billion, decreasing its total revenue down to $452 billion this year.
Luckily, the situation is slowly improving, already showing the signs of an upgrade. In comparison to February’s worldwide gambling gross revenue of 12.6%, the number has already increased to 14.6% by the end of March.
At the same time, the estimated predictions aren’t looking bright. The postponing of one of the most momentous sporting events Euro 2020 will have a substantial negative influence on the total income of all betting facilities.
By the end of 2020, the total iGaming market revenue is estimated to reach almost €60 billion. Furthermore, the unpleasant situation with the coronavirus won’t have a significant influence on the gross income, with the predicted number hitting nearly €80 billion by the end of 2024.
According to the Casino Market analyst, Europe holds a leading position in the worldwide division of the total market profit with 54%. Asia and the Middle East region currently own around 28%, while North America – 11%.
On top of that, the recent function of in-play betting made it possible to earn almost €7 billion in 2019, with the estimated profit reaching up to €14.6 billion in 2024.
It is also worth noting the increase of the “white market” among the entire division of the iGaming industry. The taxed and fully legitimate gambling facilities now managed to hold more than 60% of gross revenue. The predicted amount will go up to more than 71% by 2024.
The statistical data is provided by the expert analysts from Casino Market with extensive experience in this field. The general estimated increase in the total market win allows us to remind you about an exclusive opportunity to set up your own internet gambling establishment by resorting to our turnkey online casino solution. We appreciate your trust and can guarantee a lucrative platform for each of our clients. Waiting for your orders!
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