At the annual rate of 35%, the gross revenues of online betting companies and casinos have been increasing for the last two years, as it seems that the big shift caused by the pandemic in gambling habits is consolidating and creating new data in the field of betting and gambling. gambling games.
The big turning point came in 2020 with the advent of the pandemic where due to traffic restrictions and closed casinos, many were “initiated” in online gaming with the result that this market shows an increase of 35%. 2021 was another good year for internet companies, as their sizes again show an increase of almost 35% compared to a year ago.
According to information, the gross income of internet companies (GGR) reached about 599 million euros in the 10 months (January-October) of 2021, increased by about 150 million euros compared to the corresponding period of 2020. In fact, GGR already exceeded in October 2021 the total of 2020 which had closed at 588 million euros.
It is noted that GGR concerns the revenues of betting companies and casinos minus the winnings and rewards of the players. Based on the GGR, the return on revenues to the State is also calculated. In the first ten months of 2020, public revenues from online betting and online casinos were around 157 million euros, while in the ten months of 2021 they were around 210 million euros.
The new data
It is worth noting that since last August, the new regime for online companies officially started with the licenses given by the Gaming Supervision and Control Committee (GSC) and now the companies operating in our country operate with licenses lasting seven years.
The “pie” of their online betting market is shared by 12 companies: Stoiximan has a share of close to 49% of the total GGR, while OPAP has a share of around 6.5%, while Lucky Stream, which operates, also has a significant market share. Bet365 with about 18%.
Market participants, however, estimate that revenues would be higher in recent months, especially in casino games due to the measures imposed since August, such as the ceiling of 2 euros per bet and the mandatory delay of 3 seconds between game rounds. According to company representatives, the specific measures push many players to websites that operate illegally.
The conclusion of the EEEP is currently being completed, based on a survey conducted by the EV on the international practice on online gambling and according to information, it will propose to the Minister of Finance the increase of the limit, probably to 10-15 euros, but also the reduction of time delay.
Source From: Capital
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