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German gambling market grows by 300 million euros

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Berlin, May 8, 2018 — The German gambling market is continuing to grow. In 2017, the German gambling market (lotteries, stakes, gambling machines and machines ) created a gross gambling revenue of 13.5 billion euros that’s an increase of 300 million euros compared with 2016. This equates to additional biennial earnings of 1 billion euros in comparison with 2015. Most of the gambling segments gained from the overall positive economic development in Germany, but this varied from department.
These findings are a part of this new report German Gambling Market Monitor 2018 published by Goldmedia Strategy Consulting.
Record growth from the betting segment, however, lotteries are under pressure
In 2017, betting notched up the strongest degree of expansion of all the gambling segments using a 17 percent and in gross gaming revenue (wagers minus payouts) compared with 2016. In comparison with 2015, the marketplace has grown by 33 percent in total. This positive trend is expected to continue. The upcoming 2018 FIFA World Cup in Russia will stimulate additional earnings growth for the 90+ sports gambling operators that are active in the German market. What’s more, the dysfunctional regulatory policies that are still in effect in Germany are continuing to provide favourable working conditions which are encouraging further growth.
On the other hand, the German lottery section stays static and gross gaming revenue has dropped by 3 per cent, primarily due to declining ticket sales from the top grossing 6aus49 lottery game. In addition, the state-owned lotteries are experiencing competitive competition from online lotteries working from Malta with no German licence.
Changes in the gaming machines segment Gaming machines attained yet another very profitable year, generating a gross gaming revenue of over 7 billion euros in 2017. But, significant structural changes on the marketplace are impending after the introduction of new regulations. Stricter rules governing the total number of gaming halls and the minimum distance allowed between them may lead to a considerable decline in the number of gambling venues in the medium term. Even though the gaming machine operators have initiated over 1,000 legal proceedings to stall the execution of these policies, the strong market growth that has been seen in recent years has now come to a halt.

Read more: sportsnewsking.com

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