The online gambling market has become a serious economic factor over the past few years. According to estimates, this business will reach a value of 40.3 billion US dollars across Europe in 2023. But that is not the end of it, as market experts expect an annual growth rate of 6.6% in the next few years (until 2032).This trend is of course also felt in Germany. In fact, Germany is one of the countries with the highest revenues in this market. But what actually attracts Germans to online casinos? Will traditional casinos be completely replaced by virtual platforms in the near future? We have investigated this phenomenon!
Online casinos are really taking off in Germany they’re just so convenient compared to traditional casinos, plus they’re constantly evolving with new tech. The betting industry is seeing cool innovations, too, which makes things a lot more engaging. If you’re curious about how betting is being transformed with new technologies, this article is a good read - https://klimarealisme.dk/2024/04/02/innovation-betting/. Between the ease of online play and these tech advancements, there’s a lot to keep both new and experienced players entertained.
Gambling as a popular pastime
Considering the surveys on this topic, the continuous growth of this business in Germany is entirely understandable. Various forms of gambling have been among the most popular pastimes for Germans for decades. This can best be seen in a survey from 2023. Over 12 percent of respondents said that they gamble at least once a week (be it online or on site). Most of them are males between the ages of 24 and 35. Lotteries are still the clear number one in the list of the most popular gaming options. Behind them are scratch cards, sports betting, slot machines and card games.
Remarkable growth of online casinos
German players prefer mobile devices
Cryptocurrencies, artificial intelligence, virtual reality: these are just a few of the modern technologies that online providers are now using to give gaming fun on the web a special touch. Advanced technologies also ensure greater accessibility of virtual platforms.
In fact, this is one of the main reasons behind the ever-increasing popularity of online casinos. Global studies show that over 75% of respondents from Germany prefer mobile devices when gambling. Tested online providers on this link https://coincierge.de/online-casinos/online-casino-echtgeld/ are therefore the ideal place to go for the preferences of most German customers. Land-based casinos cannot do much when it comes to freedom of movement when playing. Since this trend is likely to continue for a long time, local casinos will certainly find it increasingly difficult to maintain their positions on the market in the future.
No longer a legal grey area
In the period before the new gambling contract came into force, every visit to an online casino was associated with numerous security risks. But under the 2021 legal regulation, there is no need to worry about this. As a player, you can have fun without worrying about your personal data being stolen or your winnings not being paid out. The process of licensing by the GGL (Joint Gambling Authority of the States) includes several strict procedures and controls in which the casinos are put through their paces.
For players, this means more security and self-control when playing, which many seem to appreciate.Do traditional casinos have a future?Despite the increasing popularity of virtual platforms, the annual number of visitors to traditional casinos has actually not decreased. In fact, the exact opposite has happened. German on-site casinos recorded 6.8 million visitors in 2023, which represents an increase of 1.2 million compared to the previous year (5.4 million in 2022). However, this is no surprise, as casinos are becoming more and more modern and offer customers a variety of attractive content. Things like restaurants, bars or concerts simply do not exist online, so we are sure that classic casinos can also look to the future with optimism.
While online casinos have become incredibly popular in Germany, traditional gambling still has a strong presence, especially in Bavaria, where a unique gambling culture blends tradition with modern gaming innovations. From classic card games to newer gaming experiences, Bavaria offers a mix that appeals to all types of players. Learn more about Bavaria’s gambling culture here. This combination of old-school charm and new-age gaming keeps Bavaria an exciting spot for both tourists and locals alike.