Croatia Gambling Market (2024-2030) | Forecast, Segmentation, Outlook, Industry, Trends, Share, Size, Value, Analysis, Growth, Companies & Revenue

Croatia Gambling Market Synopsis

Croatia Gambling Market has experienced growth in recent years, attributed to the country's initiative to enhance household internet speeds to 100 Mbps as part of the National Plan for Broadband Development 2021-2027. This plan also involves expanding 5G network coverage to all major cities and towns, consequently contributing to the increase in internet penetration from 76 percent in 2020 to 83 percent in 2023. For instance, a study revealed that, in 2022, 15 percent of people in the nation attend sporting event bets placed online/through apps such as football, horse racing etc. and 30 percent of the population engaged in weekly sports betting in that same year. Moreover, in 2020, NetEnt entered the regulated market of Croatia, marking its debut. This introduction has enabled players in the country to access NetEnt's acclaimed slot games and marketing tools through collaborations with leading operators such as SuperSport, Germania, and Arena Casino.

According to 6Wresearch, Croatia Gambling Market size is projected to grow at a CAGR of 8.4% during 2024-2030. Supported by the Croatian Integrated Territorial Program 2021-2027, urbanization aims to promote sustainable urban development, potentially improving access to technology, including the Internet. This could enhance online gambling opportunities, allowing gambling operators to reach a wider audience. Furthermore, the increasing acceptance of secure cryptocurrencies is significantly boosting confidence levels in Croatia's online gambling sector, with expectations of surpassing annual revenues of $567.5 million by 2027. Consequently, with relaxed regulations and a growing interest in online gaming, entertainment gambling is anticipated to be widely embraced in the coming years.

Visiting tourists primarily drive in-person casinos, while lotteries and sports betting are predominantly enjoyed by the locals. In January 2023, Croatia joined the Schengen zone, removing border checks for many European tourists upon entry. Also, the country's transition from the kuna to the euro has simplified transactions for visitors from the eurozone. This contributed to a record-breaking 20.6 million tourist arrivals in 2023. In the forthcoming years, this initiative is expected to enhance the tourism sector and consequently, strengthen the gambling market in the country.

Market Segmentation by Type

In 2023, the gambling market in Croatia saw a significant contribution from the casino industry, accounting for a major share of the overall revenue owing to the growth of integrated resorts, combining casinos with hotels and entertainment facilities. Moreover, the rising number of tourists in the country have further boosted the casino market due to their preference to play casino games such as blackjack and roulette.

Market Segmentation by Channel Type

Land Based acquired the highest revenue share in the gambling market of Croatia and further, it is expected to have dominance in the market revenue share owing to the presence of over 2,000 betting shops across the country. Also, top players in the industry such as Super Sport and Hattrick-PSK generate the majority of their revenue through betting shops and casinos.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Croatia Gambling Market Overview
• Croatia Gambling Market Outlook
• Croatia Gambling Market Forecast
• Historical Data and Forecast of Croatia Gambling Market Revenues, for the Period 2020-2030F
• Historical Data and Forecast of Croatia Gambling Market Revenues, By Type, for the Period 2020-2030F
• Historical Data and Forecast of Croatia Gambling Market Revenues, By Channel Type, for the Period 2020-2030F
• Historical Data and Forecast of Croatia Online Gambling Market Revenues, By Type, for the Period 2020-2030F
• Historical Data and Forecast of Croatia Land Based Gambling Market Revenues, By Type, for the Period 2020-2030F
• Market Opportunity Assessment, By Type
• Market Opportunity Assessment, By Channel Type
• Market Drivers and Restraints
• Market Trends
• Competitive Benchmarking
• SWOT Analysis
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Type

• Sports Betting
• Casino
• Lottery
• Others (Bingo, Poker etc.)

By Channel Type

• Land Based
• Online