OGQ: Gambling industry experts’ views on the 2023 outlook
Online Gambling Quarterly reveals industry hopes for 2023 are a mixed bag as recession and inflation fears take hold
The Online Gambling Quarterly analysts asked industry experts to assess the current business situation and their expectations for the next 12 months. For the current edition, they gathered the estimates and insights of 163 market insiders and experts, including many C-level executives. With regular updates, this survey and its results serve as an industry barometer for the overall online gambling industry climate.
Sixty-seven percent of the surveyed experts and market insiders assess the current business climate of the online gambling industry as “satisfactory” or even “poor.” Of those surveyed, 33% of the experts consider the current climate as “good.”
In recent quarters, the OGQ analysts have seen mostly steady development with only a few minor ups and downs. Up to now, the surveyed industry experts have believed the online gambling industry to be resilient to recession and political turmoil. But in the current survey, the OGQ team sees the first significant drop of the industry climate in a long time. Noteworthy is the low “good” estimate with 33% of the total – one of the lowest values since the beginning of Covid.
Future business climate
Regarding the future business climate (in the next 12 months), 42% of the experts surveyed believe that the industry climate will be “good,” an increase compared to the current “good” share of 33%.
Just like the current business climate estimate, the assessment of the future industry climate dropped significantly. Most noteworthy is the increase of “poor” estimates with 18% of the total – one of the biggest percentages the OGQ has ever measured. The experts surveyed for the most part named recession/inflation and “over”-regulation in Europe as reasons for this development.
