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Explore the latest trends and actionable insights on the Global Lodging market to inform business strategy and pinpoint opportunities and risks

Market Size of Other Casinos and Gaming in Germany (2017-2021, $ Billion)

Industry: Casinos And Gambling
Current: Market Sizing & Shares

The market size of the other betting sector in Germany reached a value of $10.4 billion in 2021
The other betting sector in Germany saw a growth of 3% in 2021
The other betting market in Germany grew at a CAGR of 1% during 2017-2021

Other Casinos and Gaming industry in Germany: Industry Overview

The Casino and gaming industry is made up of Casinos, Lotteries, Sports betting & related, and others, out of which ‘others’ accounts for 16% of the market size with $66 billion.

Predicting results and making a bet on the outcome of traditional games is known as other forms of betting. The frequency of the games varies by culture, with most wagers being put on amateur and professional levels of the association including games like horse racing, track cycling, car racing, etc.

Germany is the second biggest market for other forms of betting. The market size of the other betting sector in Germany reached a value of $10.4 billion in 2021, accounting for 16% of the global market size. Germany is the market leader in other forms of betting in the Europe region.

Earlier in the year 2020, the COVID-19 outbreak impacted the sector as most of the outdoor facilities were shut down and people were forced to spend most of their time in their homes, thereby with little to no sports taking place for the better part of the year, which in turn meant no betting activities. The business was shut down for most of the year due to the government’s restrictions and lockdowns. As a result of this, in the year 2020, the market value of other forms of betting in Germany saw a de-growth of 4%.

After the restrictions were eased and the other betting sector was witnessing a global recovery in demand, Germany saw a growth of 3% in 2021, accounting for $0.3 billion.

The other betting market in Germany grew at a CAGR of just 1% during the period 2017-2021. This was primarily on account of the restrictions placed in the country. The market in Germany was seeing slow but steady growth before the pandemic hit as the public was shifting towards sports betting and Casinos which saw good growth during the same period.

The major companies in Germany that have a strong presence in ‘Other’ betting include Bet365, Unibet, and 888sport among others.

Explore the latest trends and actionable insights on the Global Lodging market to inform business strategy and pinpoint opportunities and risks Explore the latest trends and actionable insights on the Global Lodging market to inform business strategy and pinpoint opportunities and risks Visit Report Store