German online gambling market growth amid new legislation The online gambling market and land-based market in Germany is expected to grow to EUR 3.3 billion over the next four years. According to market projections from Goldmedia, a leading consulting and research provider, areas such as lottery, sports betting, and casinos will grow exponentially. the German gambling market, the states signing the Interstate Treaty on gambling have agreed on terminating their activity on the Internet. In recent years state-run betting operators have been marginalised as a result of this competition.” Germany’s legal sports gambling market saw revenues last year of €7.8 billion ($9.45 billion), according to the country’s Federal Ministry of Finance. This was 16% below what had been seen a Many providers in the German gambling market had high hopes for the year 2020. The long-awaited liberalisation of gaming regulations was about to finally begin: In January, the new licensing procedure for sports betting came into force and applicants expected to receive a corresponding permission shortly afterwards. MARKET SHARE ON THE GERMAN GAMBLING MARKET IN 2018 AND 2019 IN % With 42 %, slot machines remain the most yielding sector within the German gambling market. However, they were not able to increase their market share further in 2019. Lotteries have lost another 1,6 % of their market share and made up for a total of 29,4 %. The winners in 2019 The combination of the coronavirus pandemic and new regulations have led to a massive fall in gambling revenues from Germany’s regulated market. Difficult Times for German Regulated Online Gambling Market Otherwise, established providers willing to regulate will withdraw from the German gaming market.” The association said 2020 should have been a landmark year for the German gambling industry, thanks to the final agreement for a new State Treaty , and the issuance of sports betting licences after almost a decade of setbacks. MARKET SHARE ON THE GERMAN GAMBLING MARKET IN 2018 AND 2019 IN % With 42%, slot machines remain the most yielding sector within the German gambling market. However, they were not able to increase their market share further in 2019. Lotteries have lost another 1.6% of their market share and made up for a total of 29.4%. The winners in 2019 have been German gambling revenue is set to reach €3.3bn by 2024, according to new market projections from consulting and research provider Goldmedia. The report was published with the support of industry portal CasinoOnline.de and explores market developments in the areas of lottery, sports betting, casinos and gaming machines up to 2019. The gambling market in Germany significantly suffered in 2020. The major reasons were the coronavirus-caused crisis that dropped the betting sector, as well as the migration of online casino players to unregulated sites. It forced the business officials to call for support and legislative changes in the nearest future to save the market.
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