Europe’s gambling revenues to drop 23% in 2020 but online maintains growth

Author: Live Casino Direct
 
Europe’s gambling revenues to drop 23% in 2020 but online maintains growth
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63% of customers used at least one safer gambling tool. 1.2 million direct interventions with customers to promote safer betting were conducted. Europe’s gambling revenues to drop 23% in 2020 but online maintains growth.

63% of customers used at least one safer gambling tool. Conducted 1.2 million direct interventions with customers to promote safer betting.

Europe invested €340m in sports through sponsorships (€107m) and streaming rights ( €233m). Europe’s gambling revenues to drop 23% in 2020 but online maintains growth.

Europe's gambling revenues to drop 23% in 2020. Online GGR increased 56% from the previous year.

There are 145 online gambling licenses across 17 European countries. The data for 2019 is for the EU-27 and UK markets only. Europe’s gambling revenues to drop 23% in 2020 but online maintains growth.

145 online gambling licenses across 17 European countries are revoked due to fraud, anti-money laundering, and betting integrity/match fixing concerns.

EGBA commends its members for their efforts in support of safer gambling and their significant investments in European sports. Europe's gambling sector has taken a hit from COVID-19 this year, but the growth trend of online continues to be strong.