Covid-19: FY expectations downgraded to $356.9bn
![](https://igamingbusiness.com/img-srv/5XBbXyJANsNo8YVcM7_tiBexk_3kLCnZ-_adiNCui6w/resizing_type:auto/width:0/height:0/gravity:sm/enlarge:1/ext:webp/strip_metadata:1/quality:90/bG9jYWw6Ly8vaWdhbWluZ2J1c2luZXNzLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAyMC8wOC9tYXJ0aW4tc2FuY2hlei1MTllkYXRDM3puQS11bnNwbGFzaF8wXzcuanBn.webp)
H2 Gambling Capital downgraded its annual expectations for the global gambling sector by a further $780m to $356.9bn this week.
iGB’s principal data partner now expects global gambling gross win to come in -24.6% below its pre-pandemic forecast and -21% behind the 2019 figure (see interactive Charts 2 and 7 below).
The data specialist said the trends to date served to strengthen its view that the online channel was going to play a more important role for the gambling sector in the post-Covid environment.
“H2 expects online to claw back c$34bn-$36bn (7-8% upside on our pre-Covid 19 expectations) of the c$290bn-$300bn (9-10%) hole left by fall in land-based activity in the coming six years”, it said in its commentary
Further, it said it expected global online gambling to grow by 300% (9.6% CAGR) over the 15 years from 2010-2025 compared to 50% for all gambling and only 30% for land-based.