Predicting results and making a bet on the outcome of traditional games is known as other forms of betting. The frequency of the games varies by culture, with most wagers being put on amateur and professional levels of the association including games like horse racing, track cycling, car racing, etc.
The market size of Other Casinos and Gaming in the Europe region reached a value of $17 billion in 2021. Key markets for Other Casinos and gaming globally includes country like Italy, Spain, Germany, and the UK. As many countries globally have made betting legal in their respective region which has paved the way for the growth of the sector.
The Other Casinos and Gaming market in Europe saw a growth of 13% in 2021 as the sector witnessed a recovery in demand after easing the restrictions which were placed on account of the pandemic COVID-19.
Earlier in the year 2020, The COVID-19 outbreak impacted the sector greatly. Lotteries Betting were forced to shut their business for most of the year due to the ongoing coronavirus restrictions and lockdowns which postponed many sports and tournaments globally. During the year 2020, the market value of other casinos and gaming segments in Europe saw a de-growth of 27% due to the impact of COVID-19.
Many betting games require people’s presence and are done in an offline mode in casinos via bookies who take a bet on the behalf of the people betting on the game. Thus, when casinos were open, they needed to adjust their games and follow the government’s coronavirus safety measures, decreasing demand for the sector in general.
The major companies that have a strong presence in Europe’s other casinos and the gaming betting market include GVC Holdings, The Kindred Group, and Betsson AB.
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