Covid-19: global revenues tracking below 2016 levels
Global gambling revenues are now projected to fall below 2016 levels as the spread of the coronavirus continues to disrupt worldwide gambling markets, according to H2 Gambling Capital.
With total recorded Covid-19 cases topping 500,000 and India's move into lockdown confining a third of the world’s population in their homes, H2 now expects revenues to fall 12.1% this year, compared to 11% last week (see Chart 2 in dashboard below)
This takes 2020 expectations in week 8 following the outbreak of the pandemic to $415bn, below the $416bn return in 2016 (see Chart 8 below).
H2 said the downgrade was not as great this week as last due to most of the major shutdowns/restrictions taking place in week 7 since the outbreak.
North America however saw the greatest downgrade in revenues for 2020 this week, now standing at -8.59% from -6.66%, where 200 million people across 21 states were urged to stay at home (see Chart 5).
The greater impact of such movement restrictions on the land-based vs. the online side has been reflected in the projected online share of rising to 16% this week’s revision from 13% before the oubreak (Chart 2).
iGamng contines to see growth in the US with calls in the US for it to be permitted as part of state governors' emergency powers.