Coronavirus Concerns Leads To 11% Drop In Forecasted Global Gambling Revenues – CalvinAyre.com

BRUSSELS, 23 March 2020 Global concerns about the coronavirus (COVID19) have led to a 11% drop in forecasted global gambling revenues in 2020* with 2020 global gambling gross win downgraded from its pre-COVID19 forecasts of $473bn to $421bn (close to 2016 levels), according to industry analysts H2 Gambling Capitals new weekly COVID Impact Tracker.

Currently major sports events suspended or canceled due to the virus include footballs the English Premier League, Spains la Liga, Germanys Bundesliga and the European Champions League, as well as The Masters golf major, and the UKs Grand National horserace all major events for European bookmakers.

In 2018, EGBA members generated 2.36bn in online sports betting revenue, accounting for 44% of their total online gambling revenues**.

Its sad that so many iconic sporting events are being cancelled or suspended and it will obviously have a negative impact on our sector. But the safety and health of the public is obviously more important and we fully support the sporting authorities and others in the difficult decisions they face right now, said Maarten Haijer, Secretary General of the European Gaming and Betting Association (EGBA).

* Based on latest available information.** EU-28 market only.

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Coronavirus Concerns Leads To 11% Drop In Forecasted Global Gambling Revenues - CalvinAyre.com