Online gambling grows during pandemic

Notes:


64% of gamblers spending more time and money on online gambling since start of pandemic


Women gamblers are actually in the majority in the USA, gender ratio now 57% to 43%


Industry generated global revenues of $66.67 billion last year, forecast to exceed $100 billion by 2026


Lotto24 AG doubled revenues in Corona crisis year compared to 2019


27% of German citizens spend money every month on betting and gambling



Online gambling is enjoying ever greater popularity, with the pandemic speeding up an upwards trend that was already underway. 64% of gamblers spent more time and money on gambling on the web during the pandemic, according to a new infographic by Wette.de.


But it is by no means just men who are trying their luck - quite the opposite. In the USA, women actually dominate online gambling, where the ratio is now 57% to 43%.


As shown in the infographic, the industry achieved global revenues of US $66.67 billion last year. This could be just the beginning, however, with current forecasts predicting revenues to exceed $100 billion by 2026.


Individual operators have recently been able to dramatically increase their revenues. Lotto24 AG, for example, generated €88 million in 2020, the year of the Corona crisis, compared to just €44 million in the previous year. This represents an increase of 550% compared to 2015.


Meanwhile, online gambling is especially popular in Europe. The continent accounts for 49% of the global market. Asia/Middle East is in second place with 31%, while North America has a market share of just 12%. Rising demand is also reflected in Google search volumes. The Google trend score for "online gambling" (worldwide) is 190% higher than it was 5 years ago, with the value indicating the relative search volume.


The number of online gamblers is also on the rise in Germany. Today, 27% of German citizens spend money on betting and gambling on a monthly basis.