Zona de Azar Germany – Positive Economic Impact of Online Casino Games
Germany.- August 16, 2024 www.zonadeazar.com According to the latest Statista research, the economic impact of gambling on economies has been significant between 2020 and 2024. The online gambling market alone is expected to generate USD 97.70 billion by the end of 2024, with an annual growth rate of 6.46%, bringing the market volume to USD 133.60 billion by 2029.
Minimum Deposit Casinos (MDC), a division of the OneTwenty group, investigated how governments are utilizing the tax revenue from gambling and the impact of this taxation on public finances.
“We analyzed the five countries that generate the most revenue from online gambling. It became clear that gambling taxes are revolutionizing national economies, funding vital public services, and promoting significant community and environmental projects. In reality, it has had a profound and transformative impact worldwide, demonstrating how important this revenue stream is for social welfare and sustainable development,” said Miranda Raaff, Director of iGaming Information at MDC.
Top Countries in Online Gambling Revenue in 2024
United States: In 2023, USD 14.4 billion was paid to the government in direct gambling taxes. USD 750 million was allocated to conservation projects. The tax was also applied to highland management, invasive species removal, flood and sea level rise resilience, and water resource maintenance.
United Kingdom: The betting/gambling tax amounted to £3.4 billion in 2023 and 2024. A portion of these funds finances the National Health Service and improves healthcare facilities. Another part of this tax is used for community projects, road infrastructure, public transportation, and housing.
Australia: In 2020, gambling operators paid AUS 5.8 billion in taxes to the government. Much of this funded public hospitals, medical services, and mental health programs. The tax also financed public schools, universities, and training programs. Infrastructure projects such as roads, public transportation, and public housing also benefited.
Germany: €5.2 billion was collected in gambling taxes in 2022. Much of this funded public hospitals, medical research, and mental health services. A portion was allocated to unemployment insurance, housing assistance, and support for low-income families. The money was also applied to infrastructure, arts/culture programs, and education.
Canada: Canada collects about CAD 9 billion annually in gambling taxes. Much of this amount is allocated to healthcare, social programs, public safety initiatives, environmental protection, infrastructure, and more.
Global Online Gaming
- The online gaming market is expected to reach USD 97.70 billion in 2024;
- Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.46%, resulting in a projected market volume of USD 133.60 billion by 2029;
- The number of users in the online gaming market is expected to reach 281.8 million by 2029;
- The average revenue per user (ARPU) is expected to be USD 45,000;
- Globally, most revenue will be generated in the United States (USD 24.98 billion in 2024).
The online gambling market includes various forms of online betting activities such as sports betting, casino games, and lotteries. Regulations vary by country, with some allowing all forms of online gambling while others restrict certain types. However, the market is generally dominated by large companies that offer various types of online gambling services to customers worldwide.
Online betting involves placing bets on sporting events, while casino games include a variety of traditional games such as poker, blackjack, and roulette, played over the internet. Online lottery games involve purchasing tickets for various lotteries, both national and international, via the internet and physically at lottery outlets.
The data includes revenue numbers in Gross Gaming Revenue (GGR), which is the total amount of bets placed by customers minus the amount paid out in winnings, the number of users, average revenue per user (ARPU), user penetration rate, and online and offline shares of the total gambling market. User and revenue numbers represent B2C services.
Edited by: @_fonta www.zonadeazar.com
