GOOD GROWTH IN EUROPEAN ONLINE GAMBLING MARKET
07th April, 2016 at 10:22:53
Global Betting and Gaming Consultants numbers make impressive reading.
The online gambling industry is alive and well and growing steadily in Europe, according to Global Betting and Gaming Consultant numbers released this week, which show that gross gaming yield rose 328% between 2005 and 2015, reaching $15.87 billion last year.
The five-year period to 2010 was particularly fruitful, with GGY up a remarkable 198% from $3.71 billion to $11.06 billion, the consultants note, although since then the rate of growth has been around 43 percent.
Projected to 2020 at the same rate, that could see a $21.88 billion a year market, GBGC suggests.
Sports betting continues to lead the market, and has increased its contribution to industry GGY from 45.6% in 2005 to 48.5% in 2015.
Online casino contributed 23.1% in 2005, and 29.2% ten years on, but online poker underperformed, recording a contribution of 23.2% in 2005, falling to just 13.4% last year.
Online bingo pretty much plateaued over the decade, contributing 8% in 2005 and 9% in 2015.
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