Online gambling will take a higher share of Europe’s gambling market revenue this year but will not compensate for major land-based declines, as total market revenue plummets due to COVID-19.

Brussels, Today – Europe’s total gambling revenue will drop 23% this year – from €98.6bn gross gaming revenue (GGR[1]) in 2019 to €75.9bn in 2020 – as the gambling sector feels the impact of COVID-19, according to new data published by the European Gaming and Betting Association (EGBA) in partnership with H2 Gambling Capital.

The data, covering EU-27 and UK markets, forecasts Europe’s online gambling revenue to increase by 7% this year – from €24.5bn GGR in 2019 to €26.3bn in 2020 – despite a significant drop in online revenue during Q2 as a result of the cancellation of major European sports. However, this will not compensate for Europe’s major land-based declines, with land-based gambling revenue expected to drop by 33% this year – from €74.1bn GGR in 2019 to €49.6bn in 2020 – due to the shuttering of land-based establishments.

Growth in online continues, with mobile betting increasingly popular