German gambling market grows by 300 million euros

Berlin, May 8, 2018 — The German gaming market is continuing to rise. In 2017, the German gaming market (lotteries, bets, gambling machines and machines ) generated a gross gaming revenue of 13.5 billion euros which is a rise of 300 million euros compared with 2016. This equates to further biennial earnings of 1 billion euros in comparison with 2015. Most of the gambling segments benefited from the overall positive economic development in Germany, but this varied from department.
These findings are a part of the new report German Betting Market Monitor 2018 published by Goldmedia Strategy Consulting.
Record growth in the gambling segment, however, lotteries are under pressure
In 2017, betting notched up the strongest level of growth of all the gambling segments with a 17 percent and in gross gaming revenue (wagers minus payouts) compared with 2016. In comparison with 2015, the marketplace has increased by 33 percent in total. This positive trend is expected to continue. The forthcoming 2018 FIFA World Cup in Russia will spark extra earnings growth for its 90+ sports gambling operators that are active in the German marketplace. What’s more, the dysfunctional regulatory policies that are still in effect in Germany are continuing to provide favourable operating conditions that are supporting additional growth.
On the other hand, the German lottery section stays static and gross gaming revenue has fallen by 3 per cent, primarily due to declining ticket sales in the highest grossing 6aus49 lottery sport. Additionally, the lotteries are having aggressive competition from online lotteries operating from Malta with no German licence.
Changes in the gambling machines section Gaming machines attained yet another very lucrative year, generating a gross gambling revenue of more than 7 billion euros in 2017. But, significant structural changes on the marketplace are imminent following the introduction of new regulations. Stricter rules regulating the total number of gaming halls and the minimum distance allowed between them can lead to a considerable reduction in the number of gambling venues in the medium term. Though the gaming machine operators have initiated more than 1,000 legal event to stall the execution of those policies, the strong market growth that’s been seen in recent years has come to a stop.

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