Czech online gambling market spikes after regulatory revamp

The Czech Republic’s regulated gambling market eked out a modest revenue gain last year despite online gambling revenue rising by more than one-half.

Last week, the Czech Ministry of Finance released its official stats for its homegrown gambling market’s 2017 performance. Total revenue came to CZK39.8b (US$1.77b), up only 1.1% from 2016’s result, despite gambling spending rising 14.1% to CZK224b last year.

The modest gains belied a surge in online gambling, which shot up 56% year-on-year to CZK8.3b ($370m), representing slightly more than one-fifth of the overall market. Online fixed-odds sports betting enjoyed healthy growth, rising nearly CZK1b to just under CZK6.2b in 2017.

Revenue from online casino, which domestic operators weren’t allowed to offer until the country revised its Gambling Act in 2016, totaled just over CZK2b, while live casino added another CZK120m.