H2 Capital Posts Show Online Gambling Share RisePublished August 1, 2020 by Sol FH
H2 Gambling Capital posts new predictions for the industry, including an increase to 18% in market share.
Earlier this week, H2 Gambling Capital increased online gambling’s market share of predicted 2020 global gross win to 17.4%. That number is expected to rise to 18% over the next short while. The two biggest contributors to this upgrade are driven by the Japanese and US iGaming markets.
H2 Gambling Capital commented, “We now expect to make further upgrades, with 20% online share a likely prospect by 2025. This would make the 2025 global online gross win, as much as $108bn, well ahead of pre-COVID forecasts of just under $90bn.
"This represents a significant upswing given the 10% level was only surpassed in 2016," they continued.
The global gambling industry is now forecast to generate $358bn in 2020, and COVID-19 is also responsible for the decreased projections.
Global gambling is on the rise, and online and mobile gambling are leading the push, with millions of land-based casino players taking their business online during quarantine and self-isolation practices. Live dealer casinos offer a more realistic option for players that were more traditional brick and mortar players.
Pre-COVID projections were far higher, but with more and more outbreaks and epicenters popping up overnight, online operators are sure to gain many more customers as long as the pandemic continues. Almost daily, new deals are being brokered between operators and professional sports teams in the US and many around the world.
More states across the US are examining online gambling, taking after the steps of the iGaming pioneers that have seen major tax revenue that has helped fund a plethora of social and community projects for the good of residents.