H2 Gambling Capital is projecting global gambling revenue for 2020 to finish 15.6% below the forecast it provided before the industry was impacted by the novel coronavirus (Covid-19) pandemic.
With no further downgrade in the past week, iGB’s principal data partner said: “As much of the data release to date has been in line with our expectations and with most nations either still in lockdowns or starting to ease restrictions there has not been a further significant fall in our 2020 global expectations.”
While igaming’s projected share of total gambling revenues remained flat on last week’s figure at 16.5% following strong growth vis a vis its land-based counterpart since the start of the outbreak (see Chart 6 below), H2 said it expected an upside of c30-50% on prior expectations in the period from March to May:
“The exact level will be determined by the popularity of poker in a particular market as poker is expected to be 150% ahead whereas casino's upside is expected to be in the 20-30% range.”
Global gambling gross win for 2020 is however still expected to come in below $400bn this year, compared to a pre-outbreak projection of $472.6bn (see Chart 8).
Photo by Erik Mclean on Unsplash