A leading iGaming company, BtoBet, has forecasted that the German gambling sector will experience explosive growth, reaching an impressive €18.2 billion in earnings. This confident outlook follows a historic interstate gaming agreement poised to revolutionize the German gaming industry.
Scheduled to be implemented in the summer of 2021, the new agreement will introduce substantial regulatory modifications, establishing a legal online environment for sports wagering and virtual casinos. BtoBet contends that this action will propel Germany to the forefront of the European iGaming landscape, effectively addressing the ongoing challenge of unauthorized gambling.
Their analysis projects that by 2024, Germany’s internet casino revenue will climb to €3.3 billion, a considerable increase from the €2.2 billion documented in 2019. Factoring in the effects of the worldwide health crisis, which has expedited the transition towards digital platforms, BtoBet predicts the total market could hit a massive €18.2 billion by 2024.
This projection stems from a comprehensive examination of current figures and patterns observed in preceding years. Germany, with a population of 83 million, stands as the most populous country within the European Union. Significantly, a substantial segment of the population, roughly 20%, participates in some type of gaming activity.
Moreover, the nation benefits from a strong digital framework, with a mobile usage rate exceeding 134% and an expanding number of internet subscribers, now surpassing 78 million. These elements, combined with the rising popularity of sports wagering as evidenced by statistics from the German Betting Association (DSWV), suggest a positive outlook for sustained expansion in the German gambling sector.
The realm of wagering on athletic contests within this nation has experienced remarkable growth! Originating in 2014, it has amassed an astounding €45.2 billion. Despite a minor setback in 2020 (attributable to the global health crisis), where figures briefly declined to €77.9 billion, the sector rebounded with exceptional resilience. Indeed, 2019 witnessed an unprecedented €92.8 billion in earnings. A truly impressive resurgence!
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