Online Casinos - Benelux

  • Benelux
  • Revenue in the Online Casinos market is projected to reach US$0.89bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.70%, resulting in a projected market volume of US$1.12bn by 2029.
  • In the Online Casinos market, the number of users is expected to amount to 2.2m users by 2029.
  • User penetration will be 6.2% in 2024 and is expected to hit 7.2% by 2029.
  • The average revenue per user (ARPU) is expected to amount to US$0.47k.
  • In global comparison, most revenue will be generated in the United States (US$7,645.00m in 2024).
  • With a projected rate of 35.6%, the user penetration in the Online Casinos market is highest in Canada.
 
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Analyst Opinion

The Online Casinos market in Benelux is experiencing significant growth due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Online Casinos market in Benelux have shifted towards convenience and accessibility. With the increasing penetration of smartphones and the internet, customers are now able to access online casino platforms from the comfort of their own homes. This has led to a rise in the number of online casino players in the region, as they can now enjoy their favorite casino games anytime, anywhere. Trends in the market indicate a growing demand for live dealer games in Benelux. Live dealer games provide players with a more immersive and interactive casino experience, as they can interact with real dealers through a live video feed. This trend is driven by the desire for a more authentic casino experience, as well as the advancements in technology that enable seamless live streaming. Another trend in the Online Casinos market in Benelux is the increasing popularity of mobile gaming. With the rise of smartphones and mobile apps, more players are opting to play casino games on their mobile devices. This trend is fueled by the convenience and portability of mobile gaming, allowing players to enjoy their favorite games on the go. Local special circumstances in Benelux also contribute to the growth of the Online Casinos market. The region has a high internet penetration rate and a tech-savvy population, making it an ideal market for online casino operators. Additionally, the legal framework surrounding online gambling in Benelux is relatively favorable, with clear regulations and licensing requirements in place. Underlying macroeconomic factors also play a role in the development of the Online Casinos market in Benelux. The region has a stable economy and a high disposable income per capita, which enables consumers to spend more on leisure activities such as online gambling. Furthermore, the COVID-19 pandemic has accelerated the shift towards online entertainment, including online casinos, as people have been confined to their homes and seeking alternative forms of entertainment. In conclusion, the Online Casinos market in Benelux is experiencing growth due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The shift towards convenience and accessibility, the demand for live dealer games, the popularity of mobile gaming, the favorable legal framework, and the stable economy all contribute to the development of the market in the region.

Methodology

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.

Overview

  • Revenue
  • Analyst Opinion
  • Users
  • Global Comparison
  • Methodology
  • Key Market Indicators
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