The global gambling sector faces losing a decade’s worth of revenue growth because of the COVID-19 pandemic, according to research for GBGC’s 15th edition of its Global Gambling Report (June 2020).
GBGC forecasts that global gambling revenues will fall by US$ 80 billion in 2020, with all gambling sectors seeing a decline compared to the previous year.
The revenue fall will take the sector back to levels last seen in 2010 – a decade lost. There will be a recovery in 2021 but it will be 2023 at the earliest before revenues are back to pre-pandemic levels.
Subscribing to GBGC’s specialist gambling reports will enable clients to keep up to date with the fast-moving developments in the world’s gambling markets over the next 12 months.
GBGC’s comprehensive Global Gambling Report is in its 15th edition in 2020. In the new edition GBGC has extended the forecasts until 2025 and has given its view as to how gambling will fare in the post-COVID world. There are also updated reports for more than 250 individual gambling jurisdictions.