EGBA data shows that the amount of money made from iGaming was 8% higher than in 2019.
Brussels. Gross iGaming revenue (GGR) grew by 23% from 2021 to 2022, reaching โฌ108.5 billion. A report by the European Gaming and Betting Association (EGBA) and H2 Gambling Capital says that number is 8% higher than it was before the pandemic.
The EGBA said that the increase from one year to the next was due to the fact that land-based casinos and betting shops were able to reopen after the pandemic. But the EGBA noticed that the money made from online iGaming kept growing.
Land-based gambling brought in โฌ70,3 billion, which is 34% more than the same time last year but still 6% less than 2019. The amount of money made from online iGaming went up by 8% from last year to โฌ38.2bn.
The European Online Gambling โ Key Figures report looks at the iGaming markets in the EU-27 and the UK every year. It has information about the different national iGaming markets, as well as information about online iGaming products and revenue data from EGBA member companies: bet365, Betsson Group, Entain, Flutter, Kindred Group, and William Hill.
Maarten Haijer, secretary general of the EGBA, said, “After the unprecedented upheaval and chaos caused by the pandemic, the iGaming market began to stabilize this year.”
While online iGaming keeps going up, land-based iGaming is now getting back on its feet after many casinos and betting shops shut down in the past two years.
In 2022, the EGBA members had a total gross gaming revenue (GGR) of โฌ11.6 billion from online iGaming. This was 33% of all online gaming revenue.
46% of the money made from online iGaming came from sports betting, and 45% came from online casinos.
Members of the EGBA took care of 111.6 billion online bets or stakes, including bonuses, worth a total of โฌ202.9 billion.
They gave their customers โฌ191.3 billion in winnings, which is an average return to player rate of 94.3%.
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