The Czech Republic’s regulated gambling market grew 16% year-on-year with revenues of €1.36billion in 2019.
Czech Republic.- Gambling revenue in the Czech Republic climbed 16 per cent to CZK36.27billion (€1.36billion) in 2019 thanks to growth in both online and land-based slots, betting and lottery.
According to figures from the Czech Ministry of Finance, the amount wagered leapt 56.1 per cent to CZK389.19billion, with CZK352.93billion won back.
Slots saw the most success, marking a strong recovery after bonus restrictions caused a drop in revenue in 2018. Total revenue from slots rose 20.9 per cent to CZK17.95billion – CZK15.11billion (up 17.1 per cent) for land based and CZK2.83billion (up 47.4 per cent) for online.
Sports betting remained the second biggest product and grew 15.8 per cent to CZK8.23billion, driven by online which accounted for 87.5 per cent of revenue (CZK7.73billion).
Lottery also grew and was up 7.5 per cent year on year to CZK7.20billion, with land-based sales accounting for CZK14.83billion and online sales accounting for CZK2.23billion.
Bingo, which is only offered at land-based venues, grew slightly to CZK7.73billion. Totaliser betting plummeted by 46.8 per cent to CZK2.49 billion.
The Czech Republic’s lottery operator Sazka last month completed its acquisition of a majority stake in Casinos Austria.