08.02.2024

by Mateusz Mazur

EGBA’s Comprehensive 2023 Report: Enhancing Standards and Transparency

The European Gaming and Betting Association (EGBA) unveils its 2023 Annual Activity Report, spotlighting pivotal achievements and delivering the latest insights on online gambling from its esteemed members.

Positioned at the forefront of Europe’s online gaming and betting landscape, EGBA’s report is a testament to its unwavering commitment to elevating industry standards and fostering a transparent, responsible gambling environment.

Elevating Industry Standards

EGBA’s 2023 initiatives have significantly contributed to enhancing industry practices, particularly in critical areas such as anti-money laundering, safer gambling, and sector-wide collaboration.

The introduction of stringent anti-money laundering guidelines, efforts towards harmonizing markers of harm across Europe, and initiatives aimed at bolstering sector collaboration on vital issues like cybersecurity are among EGBA’s notable accomplishments in the past year.

Insights into Online Gambling

The report presents a detailed analysis of aggregated data from EGBA members, encompassing revenues, stakes, return to player rates, and more.

This initiative underlines EGBA’s dedication to transparency and its mission to track the progress and activities of its members comprehensively.

Key Findings from the Report

  • A notable 8% decline in combined online gross gaming revenues, totaling €10.7 billion in 2022.
  • A shift in revenue dynamics, with casino revenue surpassing sports betting for the first time, representing 48% of EGBA members’ online revenues.

Maarten Haijer, EGBA’s Secretary-General, reflects on the past year’s endeavors. “Over the past year, we have focused our efforts on raising industry standards and driving positive change within the sector. We are grateful for the trust and support of our members, who push progress forward and regularly demonstrate their commitment to being open and transparent, including by sharing their valuable industry data. The recent decrease in revenues could be attributed to a combination of factors, including the impact of the cost-of-living crisis on customer gambling habits and a streak of customer-friendly sports results.”­

Our Comment on the Article

EGBA’s Annual Activity Report for 2023 is a comprehensive overview that highlights the association’s efforts in promoting higher industry standards and greater transparency.

The report not only sheds light on the challenges faced by the online gambling sector but also underscores EGBA’s proactive approach in addressing these challenges and fostering a safer, more responsible gambling environment.

With initiatives focused on anti-money laundering, safer gambling practices, and enhanced collaboration, EGBA is setting a precedent for the future of the European online gambling industry.

Related posts