Austria Spending on Online Betting Increases

9 September 2008

Data released by Kreutzer Fischer & Partner, a market research firm, shows that in 2007 gross gaming revenues were at 15.4 billion euros or 12.4 percent more than the year before.

It reports that the sports betting market is the most dynamic, with an average growth rate in the past three years at 50 percent, and three quarters of operations are now online. The annual game operations grew by almost one billion euros in 2004 to 3.2 billion euros in 2007.

According to the study, this pace of online growth will decelerate during the next two years with growth at 13 percent in 2008 and 8 percent in 2009.