## Germany’s Gaming Sector Primed for Substantial Expansion, Projected to Hit €18.2 Billion by 2024
A recent analysis from BtoBet forecasts that Germany’s internet gambling sector is on the verge of a boom, possibly achieving a remarkable €18.2 billion by 2024. This anticipated surge is primarily linked to the implementation of the novel Interstate Gambling Treaty, poised to legitimize and oversee online poker and slot machines nationwide.
BtoBet posits that this updated regulatory framework will catapult Germany to a leading position within the European iGaming landscape, effectively dismantling the current unregulated market. The analysis projects that by 2024, earnings from virtual casinos in Germany will skyrocket to €3.3 billion, a considerable leap from the €2.2 billion recorded in 2019.
This projection stems from an examination of available figures, sector patterns, and the potential influence of the COVID-19 pandemic, which has expedited the transition towards digital entertainment.
Boasting a population of 83 million, Germany stands as the EU’s most populous nation, with an estimated 20% of Germans participating in some manner of wagering. The nation also enjoys widespread mobile and internet accessibility, further propelling the expansion of the online gaming domain.
Statistics from the German Betting Association (DSWV) corroborate the escalating prevalence of sports wagering, signaling a promising trajectory for the industry in its entirety.
The realm of wagering on athletic contests within this nation has experienced a surge in popularity since 2014 when it generated an impressive €4.5 billion. By 2019, the industry was truly thriving, amassing close to €9.3 billion in revenue! The global health crisis did put a slight dent in things in 2020, leading to a minor decrease to €7.8 billion, but it remained a substantial market.
