German gambling market grows by 300 million euros

Berlin, May 8, 2018 — The German gaming market is continuing to grow. In 2017, the German gaming market (lotteries, stakes, gaming machines and casinos) created a gross gambling revenue of 13.5 billion euros that’s an increase of 300 million euros in comparison with 2016. This equates to further biennial earnings of 1 billion euros compared with 2015. The majority of the gaming segments gained from the overall positive economic growth in Germany, however, this varied from segment to segment.
These findings are part of this new report German Gambling Market Monitor 2018 released 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 expansion of all the gambling segments using a 17 percent and in gross gambling revenue (wagers minus payouts) compared with 2016. In comparison with 2015, the market has grown by 33 percent in total. This positive trend is expected to continue. The forthcoming 2018 FIFA World Cup in Russia will stimulate extra earnings growth for its 90+ sports betting operators who are active in the German market. What’s more, the dysfunctional regulatory policies that are still in effect in Germany are ongoing to provide favourable operating conditions which are encouraging further growth.
However, the German lottery segment stays static and gross gaming revenue has fallen by 3 percent, primarily because of declining ticket sales in the top grossing 6aus49 lottery sport. In addition, the state-owned lotteries are experiencing aggressive competition from online lotteries working from Malta without a German licence.
Changes in the gambling machines segment Gaming machines attained yet another very lucrative year, generating a gross gambling revenue of over 7 billion euros in 2017. However, significant structural changes on the market are imminent following the introduction of new regulations. Stricter rules governing the total number of gambling halls and the minimum space allowed between them can result in a substantial decline in the amount of gaming venues in the medium term. Though the gaming machine operators have initiated over 1,000 legal proceedings to stall the implementation of those policies, the strong market growth that has been seen in recent years has now come to a halt.

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2019-08-30T17:46:44+00:00