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The Online Casinos market in Czechia has been experiencing significant growth in recent years, driven by changing customer preferences and favorable local circumstances.
Customer preferences: Customers in Czechia are increasingly turning to online casinos for their gambling needs due to the convenience and accessibility they offer. Online casinos provide a wide range of games, including popular options such as slots, poker, and roulette, which cater to the diverse preferences of players. Additionally, the ability to play from the comfort of one's own home or on-the-go through mobile devices has made online casinos a preferred choice for many Czech players. The availability of secure payment methods and reliable customer support further enhances the overall gaming experience, attracting more customers to the online casino market.
Trends in the market: One major trend in the Czech online casino market is the increasing adoption of live dealer games. Live dealer games provide an immersive and interactive experience, allowing players to engage with real-life dealers and other players in real-time. This trend has gained popularity due to the desire for a more authentic casino experience, especially among players who miss the social aspect of traditional brick-and-mortar casinos. The integration of advanced technology, such as high-definition video streaming and chat functions, has further enhanced the quality of live dealer games, making them a key driver of growth in the Czech online casino market. Another trend in the market is the rise of mobile gambling. With the widespread use of smartphones and tablets, more players in Czechia are opting to play casino games on their mobile devices. Mobile gambling offers the flexibility to play anytime and anywhere, appealing to players who are always on the go. Online casinos have responded to this trend by developing mobile-friendly platforms and dedicated mobile apps, providing a seamless and optimized gaming experience for mobile users. The convenience and portability of mobile gambling are expected to continue driving the growth of the online casino market in Czechia.
Local special circumstances: Czechia has a well-established gambling culture, with a long history of brick-and-mortar casinos and a high level of interest in gambling activities. The legalization and regulation of online casinos in 2017 have created a favorable environment for the growth of the market. The government has implemented strict licensing requirements and regulations to ensure the integrity and fairness of online gambling operations, providing a sense of security and trust for players. This regulatory framework has attracted reputable online casino operators to enter the Czech market, further fueling its growth.
Underlying macroeconomic factors: The strong economy of Czechia has played a significant role in the development of the online casino market. With a high GDP per capita and a growing middle class, more Czech citizens have disposable income to spend on leisure activities, including online gambling. The increasing internet penetration rate and access to high-speed internet have also contributed to the growth of the online casino market, as more people have the means to connect and engage in online gaming. Additionally, the favorable tax regime for online gambling operators in Czechia has incentivized investment in the market, leading to a wider range of online casino options for players.
Data coverage:
The data encompasses B2C enterprises. Figures are based on Gross Gambling Revenue (GGR) and represent what consumers pay for these products and services.Modeling approach:
Market size is determined through a Top-Down approach. We use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global survey), as well as performance factors (e.g., user penetration, price per product, usage) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP, number of internet users, and internet consumption.Forecasts:
We apply a variety of forecasting techniques, depending on the behavior of the relevant market. For instance, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP per capita, consumer spending per capita, and 4G coverage.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Data from the Statista Consumer Insights Global survey is reweighted for representativeness.Lu - vi, 9:30 - 17:00 h (CET)
Lu - vi, 9:00 - 18:00 h (EST)
Lu - vi, 9:00 - 17:00 h (SGT)
Lu - vi, 10:00 - 18:00 h (JST)
Lu - vi, 9:30 - 17:00 h (GMT)
Lu - vi, 9:00am-6:00pm (EST)