-: Oct 21, 2019 / Ustshahli Ustshahli

German gambling market grows by 300 million euros

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Berlin, May 8, 2018 — The German gaming market is continuing to grow. In 2017, the German gaming market (lotteries, stakes, gaming machines and casinos) generated a gross gambling revenue of 13.5 billion euros that’s an increase of 300 million euros in comparison with 2016. This equates to additional biennial earnings of 1 billion euros in comparison with 2015. The majority of the gambling segments gained from the overall positive economic growth in Germany, but this varied from department.
These findings are a part of this new report German Betting Market Monitor 2018 published by Goldmedia Strategy Consulting.
Record growth in the betting segment, however, lotteries are under pressure
In 2017, betting notched up the most powerful level of growth of all of the gambling segments with a 17 percent and in gross gaming revenue (wagers minus payouts) compared with 2016. As compared with 2015, the market has increased by 33 per cent in total. This positive trend is expected to continue. The upcoming 2018 FIFA World Cup in Russia will spark additional revenue growth for the 90+ sports betting operators who are active in the German market. Furthermore, the dysfunctional regulatory policies that are still in effect in Germany are ongoing to provide favourable working conditions which are supporting additional growth.
However, the German lottery section remains static and gross gaming revenue has dropped by 3 per cent, primarily due to declining ticket sales in the top grossing 6aus49 lottery game. Additionally, the state-owned lotteries are experiencing aggressive competition from online lotteries operating from Malta with no German licence.
Changes in the gambling machines section Gaming machines achieved yet another very lucrative year, generating a gross gaming revenue of over 7 billion euros in 2017. But, significant structural changes in the marketplace are impending after the introduction of new regulations. Stricter rules regulating the entire number of gaming halls and the minimum space allowed between them may lead to a substantial decline in the amount of gambling venues in the medium term. Even though the gaming system operators have initiated over 1,000 legal proceedings to stall the implementation of these policies, the strong market growth that has been seen in the past few years has come to a halt.

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