Online Casinos - Czechia

  • Czechia
  • Revenue in the Online Casinos market is projected to reach US$0.65bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 5.00%, resulting in a projected market volume of US$0.79bn by 2028.
  • In the Online Casinos market, the number of users is expected to amount to 0.7m users by 2028.
  • User penetration will be 5.3% in 2024 and is expected to hit 6.1% by 2028.
  • The average revenue per user (ARPU) is expected to amount to US$1.14k.
  • In global comparison, most revenue will be generated in the United States (US$7,645.00m in 2024).
  • With a projected rate of 35.7%, the user penetration in the Online Casinos market is highest in Canada.

Key regions: Japan, South Korea, United States, India, Europe

 
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Analyst Opinion

The Online Casinos market in Czechia has been experiencing significant growth in recent years, driven by changing customer preferences and favorable local circumstances.

Customer preferences:
Customers in Czechia are increasingly turning to online casinos for their gambling needs due to the convenience and accessibility they offer. Online casinos provide a wide range of games, including popular options such as slots, poker, and roulette, which cater to the diverse preferences of players. Additionally, the ability to play from the comfort of one's own home or on-the-go through mobile devices has made online casinos a preferred choice for many Czech players. The availability of secure payment methods and reliable customer support further enhances the overall gaming experience, attracting more customers to the online casino market.

Trends in the market:
One major trend in the Czech online casino market is the increasing adoption of live dealer games. Live dealer games provide an immersive and interactive experience, allowing players to engage with real-life dealers and other players in real-time. This trend has gained popularity due to the desire for a more authentic casino experience, especially among players who miss the social aspect of traditional brick-and-mortar casinos. The integration of advanced technology, such as high-definition video streaming and chat functions, has further enhanced the quality of live dealer games, making them a key driver of growth in the Czech online casino market. Another trend in the market is the rise of mobile gambling. With the widespread use of smartphones and tablets, more players in Czechia are opting to play casino games on their mobile devices. Mobile gambling offers the flexibility to play anytime and anywhere, appealing to players who are always on the go. Online casinos have responded to this trend by developing mobile-friendly platforms and dedicated mobile apps, providing a seamless and optimized gaming experience for mobile users. The convenience and portability of mobile gambling are expected to continue driving the growth of the online casino market in Czechia.

Local special circumstances:
Czechia has a well-established gambling culture, with a long history of brick-and-mortar casinos and a high level of interest in gambling activities. The legalization and regulation of online casinos in 2017 have created a favorable environment for the growth of the market. The government has implemented strict licensing requirements and regulations to ensure the integrity and fairness of online gambling operations, providing a sense of security and trust for players. This regulatory framework has attracted reputable online casino operators to enter the Czech market, further fueling its growth.

Underlying macroeconomic factors:
The strong economy of Czechia has played a significant role in the development of the online casino market. With a high GDP per capita and a growing middle class, more Czech citizens have disposable income to spend on leisure activities, including online gambling. The increasing internet penetration rate and access to high-speed internet have also contributed to the growth of the online casino market, as more people have the means to connect and engage in online gaming. Additionally, the favorable tax regime for online gambling operators in Czechia has incentivized investment in the market, leading to a wider range of online casino options for players.

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. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.

Modeling approach / Market size:

Market sizes are determined through a bottom-up approach, building on predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies, and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, the urban population, the usage of key players, and attitudes toward online services.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.

Overview

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