Covid-19: FY forecasts continue to rebound

H2 Gambling Capital’s FY expectations for gross gambling win continued to rebound this week, iGB’s principal data partner now projecting annual revenue of $364.6bn.

This is however 23% below the $472.6bn forecast before the pandemic disrupted global gambling markets (Chart 2) and currently tracking behind the 2011 total for the sector (Chart 8).

Commenting on the IMF’s GDP data released last week, H2 said it saw “their recovery [as] still very optimistic though we still believe by 2025 the [gambling] sector could generate up to $550bn with as much as 25% of this being online. If further land-facilities are forced to close 30% would not be out of the question”.

This week saw online’s projected share of 2020 revenues up marginally to 18.6% (Chart 6).