German Gambling Market Could Rise To €3.3bn By 2024

German gambling market could rise to €3.3bn by 2024. According to projections from research and consulting provider, Goldmedia, German gambling revenue is set to reach €3.3bn by 2024.

The study was released with help from CasinoOnline.de and discusses market trends in the fields of lottery, sports betting, casinos and gaming machines up to 2019. It also forecasts the revenue from the novel coronavirus (Covid-19) pandemic that has hit the industry.

It predicts that gaming revenues in the German online casino market would grow from €2.2bn (£1.98bn/$2.47bn) in 2019 to €3.3bn by 2024.

The report also included a survey of around 400 existing online gaming customers in Germany. Despite tougher restrictions expected to be placed upon operators under Germany’s upcoming licensing regime, 62% of respondents said that they would opt for a locally-licensed operator, given the choice.

The survey found that currently, 12% of respondents play online slots daily, while around 32% play weekly. The most frequently used platform for playing online slots is the smartphone, accounting form some 65% of play.

The majority of respondents (52%) spends under €50 per month on online gambling, the survey discovered.

[image: Ansgar Scheffold]

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