German gambling market grows by 300 million euros

Berlin, May 8, 2018 — The German gaming market is continuing to rise. In 2017, the German gambling market (lotteries, stakes, gaming machines and casinos) generated a gross gambling revenue of 13.5 billion euros which is a rise of 300 million euros compared with 2016. This equates to additional earnings of 1 billion euros compared with 2015. The majority of the gambling segments benefited from the overall positive economic development in Germany, but this varied from department.
These findings are a part of the new report German Betting Market Monitor 2018 released by Goldmedia Strategy Consulting.
Record growth from the betting segment, nevertheless, lotteries are under pressure
In 2017, betting notched up the strongest degree of growth of all the gambling segments with a 17 percent plus in gross gambling revenue (wagers minus payouts) compared with 2016. In comparison with 2015, the marketplace has increased by 33 percent in total. This positive trend is expected to continue. The upcoming 2018 FIFA World Cup in Russia will stimulate additional earnings growth for the 90+ sports betting operators who are active in the German marketplace. Furthermore, the dysfunctional regulatory policies which are still in effect in Germany are ongoing to supply favourable working conditions that are encouraging further growth.
On the other hand, the German lottery segment stays static and gross gambling revenue has dropped by 3 percent, primarily due to declining ticket sales from the highest grossing 6aus49 lottery sport. Additionally, the lotteries are having competitive competition from online lotteries operating from Malta with no German licence.
Changes in the gaming machines section Gaming machines attained yet another very lucrative year, creating a gross gaming revenue of over 7 billion euros in 2017. But, significant structural changes in the marketplace are imminent following the introduction of new regulations. Stricter rules governing the entire number of gaming halls as well as the minimum distance allowed between them may lead to a substantial reduction in the number of gaming venues in the medium term. Even though the gaming system operators have initiated over 1,000 legal event to stall the implementation of those policies, the strong market growth that has been seen in recent years has come to a halt.

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