SIGN UP LOG IN
 

Gambling achieves 50 billion Euro turnover in 2018

Published by

June 10, 2019 7:35 am

AGEM

The Association of Gaming Equipment Manufacturers has published figures for 2018. The study focused on the importance of the gaming industry for the economy.

The bookmakers and casinos on the Internet alone each loosely occupy a three-digit number. However, offline gambling is also included in these statistics. Altogether the study comes so on a conversion at a value of 50 billion euro. On the one hand, this volume indicates the popularity of betting, slot machines, and table games. On the other hand, economic importance must be underlined.

For Germany, this study result could come at just the right time. The minister presidents of the federal states are currently discussing the form of the new State Treaty on Gaming. At present, there still seem to be some advocates of a conservative attitude. The opening of sports betting seems to have been decided. With other online games of chance, the final decision has by no means been made.

Gambling industry increases by 20 percentage points in 4 years!

Not every study is made available to the public. However, the Association of Gaming Equipment Manufacturers has decided to publish it. The importance of gambling for the economy is too important to use these results only for one’s own purposes. The fact that 50 billion euros could be generated as turnover in the past calendar year is definitely an announcement. Looking back at 2014, on the other hand, sales were still at 40 billion euros. This represents an increase of 20 percent. The industry association itself will be pleased about this trend. 23 nations are united in this association. 175 members are registered.

But the economic benefit is not only to be defined in the business figures concerning the turnover. This can also be broken down to individuals. Because where such a sum is converted, many persons must work in the background. In other words, gambling creates jobs. Figures have also been published on this subject. Almost 62,000 people work directly for a gambling provider. If the number of employees involved is expanded to include indirect employees (suppliers, partners, etc.), we already have a total of 220,000 people. Each of these jobs can contribute to the nutrition of a family. Politicians should not ignore this fact before they create bans or barriers.

The gambling market is growing both online and offline: It is not only Internet gambling that has led to growth. As the study shows, sales in land-based establishments have risen by six percentage points.

The growth of companies in the gambling market is as follows

Numbers speak louder than words. We have discussed the growth from 40 billion euros (2014) to 50 billion euros (2018) in sales. But the number of employees has also risen. Within five years, the number of jobs created has risen from 51,000 to just under 62,000. The growth rate is specifically estimated at 22 percent. And the success in the gambling sector is by no means due to the fact that the workers are being exploited. A total of 12.5 billion euros in salary could be paid out in 2018. On average, one employee was paid 80,000 euros a year. It should be noted, however, that the strong people at the top are driving this figure up. Nevertheless, the average salary surpasses many other industries. We have already reported on job security in online gambling.

Has the tip of the iceberg now been reached? That is not likely. On the contrary. Because 92 percent of the companies stated that they expect increased demand in 2019. As a result, almost 50 percent of the companies will bring new employees on board. New technologies will be the focus of attention in the coming years. And not only the established gambling providers were able to look back on success. There have also been a number of new companies. By the way, the hiring of new employees is only a remarkable statement. Furthermore, the companies do not plan to lay off employees in 2019. The industry association and the companies represented can all be satisfied with these figures.

A damper for Germany? Politicians in the Federal Republic of Germany are still discussing the legal prohibition of various games of chance. In particular on-line Casinos and Poker stand here in the focus.

Economy vs. player protection: Can’t you do both?

Marcus Prater summarizes the development in its role as managing director of the industry federation: “The study shows that this dynamic sector completely on the advancement of the industry and the further development of the industry. In summary, the report paints a picture of a healthy gambling industry in which providers rely on modern technologies and games provided by a large number of innovative suppliers”.

Politically, the opinion prevails that gambling is played on the backs of the players. Of course, there is no denying that gambling addiction is a problem. But in the past, bans have often had no effect. This drives the game into illegality, where there is no regulation. And this is exactly where Germany should start. Games of chance must be regulated. The planning of a gambling authority, which is expected to be established in 2021, is the first step in this direction. If the right measures are taken to protect the players, continued positive development in economic terms and responsibility towards the citizens of the Federal Republic should not get in the way.

More News

Youngest eSport millionaire finds a team

Youngest eSport millionaire finds a team

Syed Sumail "SumaiL" Hassan has found a new team. The youngest eSports world champion and millionaire joins the two-time Dota…

E-Sport News: G2 eSports is in Worlds Final

E-Sport News: G2 eSports is in Worlds Final

After the second semi-final, is before the final. Next Sunday, the two strongest teams in the world will meet. For…

Crypto cheater gambles away $1.5 million in casinos in Las Vegas

Crypto cheater gambles away $1.5 million in casinos in Las Vegas

Within only 18 months, two men from the US state of Arizona with a pyramid system are said to have…

Rocket League: Pittsburgh Knights get The Peeps

Rocket League: Pittsburgh Knights get The Peeps

Known until recently as "The Peeps", the team took the overall victory at the 2019 Dreamhack Pro Circuit and will…

The tight victory of Lions over Falcons

The tight victory of Lions over Falcons

The Lions allowed the Falcons to score a touchdown. It was what they wanted. But Atlanta found another incredible way…

GTA Online gives 1 million GTA$ free of charge for the anniversary

GTA Online gives 1 million GTA$ free of charge for the anniversary

For the 6th anniversary of the online shooter GTA Online, Rockstar Games is once again very generous. All players will…

Munich receives Champions League final 2022

Munich receives Champions League final 2022

UPDATE: FC Bayern Munich gets the chance for a "final dahoam". The final match of the European premier class retakes…

FIFA20 TOTW Week 10: Is this what Team of the Week looks like?

FIFA20 TOTW Week 10: Is this what Team of the Week looks like?

From now on Constantin "Tino Trading" Bolse will give SPORT BILD his opinion how the Team of the Week will…

Strict conditions for Japan's first casino licenses

Strict conditions for Japan's first casino licenses

Japan's government has set the course for the first legalization of land-based casinos on domestic soil. Yesterday, Tuesday, the standards…

Police burst into an illegal poker game

Police burst into an illegal poker game

After an anonymous phone call, the officers approach a raid on a pub. Five out of eight gamblers are convicted,…

Azarenka starts with a landslide at the Open; all the favourites won

Azarenka starts with a landslide at the Open; all the favourites won

Flushing Meadows (New York, USA), Sep 1 (EFE) - Veteran Belarusian tennis player Victori Azarenka stretched out her hurry to…

Real Madrid - Sergio Ramos: Contract extension?

Real Madrid - Sergio Ramos: Contract extension?

Real Madrid's Sergio Ramos has leaked that his Blancos extension is not his fault, but the fault of the club.…

League of Legends: The fight for the top of the LCK table
League of Legends: The fight for the top of the LCK table

Another exciting day in the LCK is over. This had a particularly strong influence on the top of the standings.…

Alonso makes a plea for eSports
Alonso makes a plea for eSports

The former Formula 1 world champion Fernando Alonso can only report positive things about eSports. He has been involved in…

Concern adviser
Concern adviser "voice of the players" fights against gambling addiction

Never again will Karl W. experience such mental torments as he suffered until the final stop of the game in…

Premier League 2020/21 kicks off on September 12
Premier League 2020/21 kicks off on September 12

While it still doesn't know if it will resume or not this season. The Premier League is already anticipating the…

LoL: G2 Esports Wins Mid-Season Invitational
LoL: G2 Esports Wins Mid-Season Invitational

G2 Esports was Europe's hopefuls at the 2019 Mid-Season Invitational (MSI), the League of Legends tournament held its grand final…

Dota2: Nigma winning Bukovel - #2
Dota2: Nigma winning Bukovel - #2

After a bumpy group phase and difficult playoffs, Nigma made the final at WePlay! Bukovel Minor. Sunday night the first…

Los Angeles: E3 games with eSports potential
Los Angeles: E3 games with eSports potential

Los Angeles - eSports grows and grows. Dozens of new games were introduced at E3. And a few of them…

15-year-old beats professional gamer and gets bullied
15-year-old beats professional gamer and gets bullied

At a local game tournament to "Smash Bros. Ultimate", a teenager defeats a professional player. Now the 15-year-old regrets her…

EM qualification: Slovakia wants to fill stadium against Wales with children
EM qualification: Slovakia wants to fill stadium against Wales with children

The Slovak Football Association SFZ has a creative idea to avoid the exclusion of spectators in the home match against…

Astralis Pulverized - Na`Vi enters the final of IEM Katowice
Astralis Pulverized - Na`Vi enters the final of IEM Katowice

The finalists of the IEM Katowice 2020 have been determined. G2 Esports and Natus Vincere will play for the big…

Mybetting Deals Tools

Surebet by BetBurger

Surebet by BetBurger

BetBurger is a service focusing on arbitrage bets, also known as sure bets. It turns sports betting into an investment.

Matched Betting by OddsMonkey

OddsMonkey

OddsMonkey offers matched betting services with features to enhance your profits with the best betting offers.

Live Sport Results and Statistics

Live Scores

Always keep ahead of the sports betting game with our real time results and statistics!

2000+ Free Slots

Play the best online slots and your favourites from the biggest developers for free right here!