News. COVID-19: global revenue of gambling operators may fall to the level of 2016
According to H2 Gambling Capital forecasts, the revenue of the global gambling industry may decline to the level of 2016. The spread of coronavirus continues to destroy the world's gambling markets.
The total number of registered cases of COVID-19 infection exceeded 500 thousand. in India, a quarantine regime was introduced, and a third of the world's inhabitants were locked in their own homes.
Previously, analysts said that the decline in revenues of the global gambling industry could be 11%, later the forecast was adjusted to 12.1%.
In the eighth week of the pandemic in 2020, the volume of gambling industry operations amounted to $415 billion, which is 1 billion less than the figure recorded in 2016.
Analysts note that the main part of the announcements about the termination of gambling operators fell on the seventh week of the pandemic. The eighth week of the pandemic was indicative for North America, with an 8.59% reduction in income on the continent. Earlier, the drop in revenue in the regional industry was recorded at the level of 6.66%. It should be noted that 200 million people from 21 States were quarantined.
At the same time, the decline in revenue for the land-based gambling industry is accompanied by an increase in user engagement, which was observed in the online segment. At the moment, the indicator has increased by 16%. Before the ban on ground operations, the growth was 13%. Recall that the United States can allocate $2 trillion to counter the pandemic and eliminate the consequences of downtime in some business sectors.