H2 ups 2023 global gambling revenue forecast to $483bn
Global industry data consultancy H2 Gambling Capital has predicted that total gambling revenue for 2023 will be approximately $483bn (£481.83bn/€486.21bn), raising its last prediction by $1bn.
In addition, H2’s estimation for total revenue in 2027 has grown by $500m to $585bn.
H2 also said that due to inflation, revenue in real terms for 2023 is set to be only 4.2% more than what was generated in 1998.
In terms of year-on-year growth, revenue is set to increase by 16.5% in 2022. However, after considering inflation, this would be a rise of only 7.8%.
Revenue from 2022 is expected to be 3.6% higher than pre-pandemic levels of 2019. But H2 reported that after taking inflation of 17.5% over the last three years into account, the gambling sector is 12.0% behind where it was before the pandemic.
In September, H2 reported that gambling revenue rose by 11% in the second quarter of the year.