Covid-19: US drives 13.6% global revenue downgrade
H2 Gambling Capital has downgraded its 2020 revenue forecast for the sector to 13.6% following the US’ extension of social distancing measures to the end of April.
While Europe’s downgrade remained flat on the previous week’s figure at around 10.5% (Chart 4 below) and Asia/Oceania increased by less than one percentage point to 17.2% from 16.3% (Chart 3), the forecast for the US was lowered to 12% from 8.6% (Chart 5).
The figure for Europe was driven by an upgrade for igaming, the one positive trend during the last week.
While online sports betting revenues were down by a third in markets such as Italy, operators there are reporting uplifts of 30% on the online casino side and +100% in poker.
Online gambling is now forecast by iGB’s principal data partner to account for 16.5% of global gambling gross win revenues in 2020.