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Home #Hwoodtimes Online Gambling Captures the Spirit of the Times: Coronavirus & Growing interest...

Online Gambling Captures the Spirit of the Times: Coronavirus & Growing interest among Women Double Operators’ Revenues

  • 64% of gamblers spending more time and money on online gambling since start of pandemic
  • Women gamblers are actually in the majority in the USA, gender ratio now 57% to 43%
  • Industry generated global revenues of $66.67 billion last year, forecast to exceed $100 billion by 2026
  • Lotto24 AG doubled revenues in Corona crisis year compared to 2019
  • 27% of German citizens spend money every month on betting and gambling

Online gambling is enjoying ever greater popularity, with the pandemic speeding up an upwards trend that was already underway. 64% of gamblers spent more time and money on gambling on the web during the pandemic, according to a new infographic by Wette.de.

But it is by no means just men who are trying their luck – quite the opposite. In the USA, women actually dominate online gambling, where the ratio is now 57% to 43%.

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As shown in the infographic, the industry achieved global revenues of US $66.67 billion last year. This could be just the beginning, however, with current forecasts predicting revenues to exceed $100 billion by 2026.

Individual operators have recently been able to dramatically increase their revenues. Lotto24 AG, for example, generated €88 million in 2020, the year of the Corona crisis, compared to just €44 million in the previous year. This represents an increase of 550% compared to 2015.

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Meanwhile, online gambling is especially popular in Europe. The continent accounts for 49% of the global market. Asia/Middle East is in second place with 31%, while North America has a market share of just 12%. Rising demand is also reflected in Google search volumes. The Google trend score for “online gambling” (worldwide) is 190% higher than it was 5 years ago, with the value indicating the relative search volume.

The number of online gamblers is also on the rise in Germany. Today, 27% of German citizens spend money on betting and gambling on a monthly basis.

The full story with the infographic, facts and more statistics:

https://www.wette.de/online-gambling-captures-the-spirit-of-the-times-coronavirus-growing-interest-among-women-double-operators-revenues/

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Valerie Milano is the well-connected Senior Editor and TV Critic at TheHollywoodTimes.Today, a showbiz/promotions aggregate mainly for insiders. She has written for Communications Daily, Hollywood Today, Television International, and Video Age International plus freelanced for others. Valerie donates and works closely with the Human Rights Campaign (Fed Club Council Member), GLSEN, Outfest, NCLR, LAMBDA Legal and the Desert Aids Project. She is a member of the Los Angeles Press Club. Milano loves meeting people and does so in her fave getaway Palm Springs as a member of the Palm Springs Museum of Art and the Old Las Palmas area community member. Valerie was a veteran 17-year member, and one of the "chief organizers” of the prestigious and long running, TCA: Television Critics Association’s press tour. For years Valerie was a board member and one of the chief organizers of the association. TCA press tours are “a must” for hundreds of TV critics twice a year, in Beverly Hills and in Pasadena.