The Online Gambling market in Croatia has been experiencing significant growth in recent years.
Customer preferences: Croatian customers have shown a strong preference for online gambling, with an increasing number of people choosing to gamble online rather than at traditional brick-and-mortar casinos. This shift in preference can be attributed to several factors, including the convenience and accessibility of online gambling platforms. Additionally, the younger generation in Croatia, who are more tech-savvy, are more inclined to engage in online gambling activities.
Trends in the market: One of the key trends in the Croatian online gambling market is the increasing popularity of mobile gambling. With the widespread use of smartphones and the availability of high-speed internet, more people are opting to gamble on their mobile devices. This trend has led to the development of mobile gambling apps and optimized websites, allowing users to access their favorite gambling platforms anytime and anywhere. Another trend in the market is the growing variety of online gambling options available to Croatian customers. In addition to traditional casino games such as slots, poker, and roulette, online gambling platforms now offer sports betting, virtual reality gambling, and live dealer games. This diversification of offerings has attracted a wider range of customers and contributed to the overall growth of the market.
Local special circumstances: Croatia has a well-regulated online gambling market, with the Croatian Ministry of Finance overseeing the licensing and regulation of online gambling operators. This regulatory framework has helped to create a safe and secure environment for customers, increasing their trust in online gambling platforms. Additionally, the government has implemented measures to prevent underage gambling and promote responsible gambling practices.
Underlying macroeconomic factors: The growth of the online gambling market in Croatia can be attributed to several underlying macroeconomic factors. Firstly, the increasing disposable income of Croatian consumers has allowed them to spend more on leisure activities, including online gambling. Furthermore, the tourism industry in Croatia has been booming in recent years, attracting a large number of international visitors who are likely to engage in online gambling while in the country. This influx of tourists has contributed to the overall growth of the market. In conclusion, the Online Gambling market in Croatia is experiencing significant growth due to customer preferences for online gambling, including the convenience and accessibility of online platforms. The market is also driven by trends such as the popularity of mobile gambling and the increasing variety of online gambling options. Additionally, the well-regulated and secure environment provided by the Croatian government has further contributed to the growth of the market. The underlying macroeconomic factors, including increasing disposable income and a thriving tourism industry, have also played a significant role in the development of the online gambling market in Croatia.
Data coverage:
The data encompasses B2C enterprises. Figures are based on Gross Gambling Revenue (GGR) and represent what consumers pay for these products and services.Modeling approach:
Market size is determined through a Top-Down approach. We use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global survey), as well as performance factors (e.g., user penetration, price per product, usage) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP, number of internet users, and internet consumption.Forecasts:
We apply a variety of forecasting techniques, depending on the behavior of the relevant market. For instance, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP per capita, consumer spending per capita, and 4G coverage.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Data from the Statista Consumer Insights Global survey is reweighted for representativeness.
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