Online the growth area in Czech gambling

Czech Ministry of Finance numbers on the gambling industry’s performance in 2017 show that overall growth was low at 1.1 percent y-o-y with revenues amounting to CZK39.8 billion (US$1.78 billion), although turnover was up 14.1 percent at CZK224 billion.

Despite high taxation, which enabled government to harvest an overall CZK 12.2 billion from gambling, online operations contributed CZK 8.3 billion (US$370m) soaring 56 percent year-on-year and now comprising 20 percent of the overall market. The online casino vertical contributed over CZK 2 billion, with live casino adding another CZK 120 million, while online fixed odds sports betting revenues totalled CZK 6.2 billion. Online lotteries delivered revenues of CZK 276 million.

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