OGQ: crypto gambling and crash games could become growth drivers for iGaming companies

OGQ Magazine has published the results of the iGaming sector for the fourth quarter of 2024, with a special focus on Western European countries.

Key Findings

From October to December 2024, the net revenue of bookmakers increased by an average of 10% year-over-year. The highest growth rates were recorded by the American division of Flutter Entertainment (+62% YoY) and Caesars Digital (+33% YoY).

Year-over-year growth rates of bookmaker revenue for the fourth quarter of 2024

Online casino operators earned an average of 24% more than the previous year. Financially, the best results were achieved by Bet-at-home (+103% YoY), Caesars Digital (+75% YoY), and PointsBet divisions operating outside the US (+53% YoY).

Year-over-year growth rates of online casino operator revenue for the fourth quarter of 2024

In terms of stock trading on the exchange, the shares of the ten largest gambling companies traded on NASDAQ declined in value by an average of 2% compared to the same period in 2023. However, not all were affected by this decrease—Super Group's shares saw the largest increase (+71%) and PointsBet (+42%) for the quarter.

Stock price trends of major iGaming companies from October to December 2024

According to an OGQ survey, 56% of industry analysts rated the current state of the sector as "satisfactory," while another 34% of respondents described it as "good."
Surveyed experts expect that over the next year, the brand Kaizen Gaming (owned by Betano) and the online casino Stake will demonstrate the highest growth rates.
OGQ also analyzed promising products in the iGaming market. Analysts estimate that the GGR of companies involved in crypto-gambling and creating crash games will gradually increase.

In the fourth quarter of 2024, European bookmakers offered an average of 25,500 different markets (betting options) on football events. The top three events by this metric: English Premier League matches—an average of 5,020 bets; Spanish Championship (La Liga)—4,578 bets; Spanish Series A (Serie A)—4,349 bets.
William Hill became the largest bookmaker in terms of the number of betting options offered: over 63,300 bets were available to users.

Top 6 football events by the number of markets offered by bookmakers

European bettors could choose between an average of 45 sports events for real-time betting.
In live betting, Marathonbet was the absolute leader in the number of events offered—100 matches across various sports.

Slots—on average 1,442 slots. Leader—Bwin—with 3,388 games.
Jackpot Slots—an average of 118 games. Leader—Casino777—with 213 such games.
Table and Card Games (blackjack, roulette, etc.)—an average of 29 games. Most available on Luckia—70 titles on its site.
Live Games—an average of 18 projects from each operator. Codere led with 34.

Slots—an average of 3,723 slots. The largest number of offerings was from Videoslots—6,022 games.
Jackpot Slots—an average of 324 games. In this category, Videoslots outperformed other operators with 714 games.
Live Games—an average of 205 offerings. This segment also saw Videoslots leading—667 games.
Table and Card Games—an average of 38 games. Videoslots offered 106 titles.