Belgium’s regulated gambling market experienced a contraction in 2024, marking its first full-year decline since the onset of the Covid-19 pandemic in 2020.
New figures released by the Belgian gambling regulator on Tuesday revealed that total gross gaming revenue (GGR) across licensed operators fell by 4.86% year-on-year to €1.61 billion [$1.85 billion]. This downturn was driven primarily by a significant drop in physical gambling activities, despite online gambling, still the largest segment, only seeing a slight reduction.
The total GGR for 2024 was €1.61 billion. Online GGR came to €919.10 million (57.1% of total), down 2.7% year-on-year. Meanwhile land-based GGR was reported as €690.41 million (42.9% of total), down 7.59%.
The licensed sector was separated into four sections; casino, arcade licenses, low-stakes gaming and betting operators.
