The European Gaming and Betting Association (EGBA) has unveiled its Annual Activity Report for 2023. According to the report, the EGBA saw an 8% decrease in combined online gross gaming revenues of EGBA members to $11.49 billion (€10.7 billion) in 2022. Meanwhile, casino revenue surpassed sports betting for the first time, constituting 48% of online revenues. This shift underscores evolving consumer preferences within the online gambling market.
“The report not only underscores EGBA’s commitment to driving collaboration and transparency within the sector but also provides valuable insights into the performance and operations of its members,” the Association stated.
One of the focal points of the report is “EGBA’s ongoing efforts to elevate industry standards, particularly in areas such as anti-money laundering and safer gambling,” the EGBA noted.
Over the past year, the association has introduced robust guidelines to combat money laundering within Europe’s online gambling sector, alongside initiatives aimed at standardizing markers of harm and fostering collaboration on crucial issues like cyber security.
In addition to outlining EGBA’s initiatives, the report presents aggregated data from its members regarding their online gambling operations in 2022. This includes information on various metrics such as gaming revenues, stakes, return to player rates, customer winnings, products, customer accounts, and licenses, reflecting the association’s commitment to transparency and accountability.
Maarten Haijer, Secretary General of EGBA, said: “Over the past year, we have focused our efforts on raising industry standards and driving positive change within the sector.”
“We are grateful for the trust and support of our members, who push progress forward and regularly demonstrate their commitment to being open and transparent, including by sharing their valuable industry data. The recent decrease in revenues could be attributed to a combination of factors, including the impact of the cost-of-living crisis on customer gambling habits and a streak of customer-friendly sports results,” he added.
Key data points from the report include:
- A total of $11.49 billion (€10.7 billion) in combined online gross gaming revenue (GGR), marking an 8% yearly decrease.
- A total of 132 billion online stakes, representing a 19% yearly increase.
- An average return to player (RTP) rate of 94.2%.
- A total of 31.2 million active online customer accounts, indicating a 5% yearly increase.
- Pre-match betting accounts for 62% of online sports betting GGR.
- A combined total of 267 online gambling licenses across 22 European countries, with Poland newly included in the licensing landscape.
Click here to access the full report.
Original article: https://www.yogonet.com/international/noticias/2024/02/06/70722-egba-reports-8-decrease-in-combined-ggr-casino-revenue-surpasses-sports-betting-for-firsttime-ever
