EGBA reports 11% fall in predicted 2020 global gaming revenue

The European Gaming and Betting Association (EGBA) has reported that H2 Gambling Capital has adjusted its forecasted global gambling revenue for the year in light of the COVID-19 outbreak.

GenericCasino

The group reduced its pre-COVID-19 estimate of $473bn to $421bn, estimating an 11% drop in worldwide gross gaming revenue (GGR).

GGR in Asia and Oceania is predicted to drop 16% from pre-outbreak estimates, while Europe’s GGR is expected to fall 9%.

North America’s estimate is down 7% as a result of the virus.

An increase in online gambling is expected, with a rise from 13% to 16%, but the postponement and cancellation of major sporting events will impact both offline and online betting.

Maarten Haijer, Secretary General of the EGBA, said: “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.”

Premium+ Connections
 
Premium

Revsharks

 
Premium

RISK

 
Premium

PIN-UP Partners

 
Premium

Imagine Live

 
Premium

Lynon

 
Premium

Digitain

 
Premium

1xBet Partners

 
Premium

Galaxsys

 
Premium

GammaStack

 
Premium

Sport Generate

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...