A leading iGaming platform provider, BtoBet, forecasts that the German gaming market is poised to achieve an impressive €18.2 billion in earnings.
Their recent industry analysis examines the potential effects of the newly implemented Interstate Gambling Treaty, designed to oversee online poker and slot games. This agreement, slated to be enforced throughout Germany by early summer, introduces substantial legal modifications to the online sports betting and casino landscape.
BtoBet emphasizes that this updated regulatory structure provides Germany with a prime chance to cement its status as a dominant player within the European interactive gaming sector, effectively tackling and minimizing any remaining apprehensions regarding unregulated market activities.
The analysis projects that by 2024, revenue generated by online casinos in Germany will climb to €3.3 billion, a considerable jump from the €2.2 billion (or £1.87 billion) documented in 2019. Moreover, considering the influence of the COVID-19 outbreak, the analysis anticipates that the total market volume will hit a remarkable €18.2 billion by 2024.
These estimations from BtoBet are rooted in a comprehensive examination of current market figures and observations of patterns that have unfolded over the past several years.
It’s noteworthy that Germany boasts a population of 83 million, making it the most populated country within the European Union. Research suggests that roughly 20% of Germans participate in some form of wagering. The nation’s mobile penetration rate stands at an impressive 134.7%, reflecting a 1.6% rise from January 2020, while the number of internet subscribers has also expanded by 1.3% to reach 78.81 million.
With such a substantial and digitally linked populace, it’s unsurprising that Germany’s gaming industry is witnessing consistent expansion. Figures published by the German Betting Association (DSWV) highlight this trend, indicating that sports wagering, in particular, is gaining significant popularity among German gamblers.
The athletic wagering landscape within this nation has experienced significant growth since 2014, reaching a substantial €4.52 billion. Despite the unforeseen circumstances of the 2020 pandemic causing disruptions, the industry still achieved an impressive €7.79 billion in revenue. This figure fell just short of the remarkable €9.28 billion peak witnessed in 2019.