Experts Reveal the Mindblowing Truth of the Live Casino Market

Earlier this year, we postulated that Live Casino Games would continue their upward trajectory and perhaps even become the online gambling industry’s leading market segment. This prediction was based on the financial growth experienced by market leaders Evolution Gaming and their confirmation that there is an increasing global demand for their existing games and a lot of pressure to create new and more innovative live experiences.

Join us as we delve into the highlights of the Evolution Gaming Group’s Q3 2022 investor report to uncover just how incredible this market sector has become.

 The Proof is in the Earnings

The tremendous growth and market dominance of Evolution Gaming are indicators of the demand for live casino games and their profitability.

Overall, Evolution Gaming saw its operating revenues increase by 36.5% from €768.5 million to €1.05 billion, which equated to a profit of €619.9 million! The company’s stock mirrored this success, increasing from €2.03 per share to €2.91 per share. Their live casino games division alone secured a market growth of 45% during this period. Making it the leading proponent of the company's success.

 Regional Market Dominance

While Evolution Gaming is rooted in the European market, being both based there and launching its initial live casino game offering in regulated European countries has shown effortless global growth.

In the Revenue per Region slide, it is clear that by increasing its global footprint, the live casino specialist has been able to maximise its revenues. Its two most robust growth opportunities since 2021 have been Asia which blossomed from $76.7 million in Q2 2021 to $127.8 million by Q3 2022, a growth of 60%, and North America, which grew by 63,67% to $50.1 million in the same window.

The region marked as "Other" is a strong third-place contender. The CEO confirmed that the South American market is the driving force behind its 61.68% growth despite covering several smaller areas.

More Than Just Financial Growth

Longstanding developers like Microgaming, Playtech, and RTG, have shown that it takes innovation, diversification, and an almost fortune-teller-like ability to predict future trends to remain relevant and profitable.

Based on their extra-fiscal action items and highlights in the period, it is clear Evolution Gaming is here for the long haul:

• The company launched a new studio in Connecticut
• They launched Live Craps in Pennsylvania
• Constructed a second Live Casino streaming studio in New Jersey
• Completed the acquisition of another competitor, NoLimit City

While it falls just outside the scope of a Q3 2022 report, they announced that they would soon launch their Live Craps offering in New Jersey!

To support a rapidly growing multidimensional live gambling enterprise takes an army of dedicated people.

Here the group showed its commitment to investing in the human face of iGaming. The company also boasted of its 29.5% Year-on-Year (YoY) staff complement growth. In 2018 the company comprised a sizeable 4,496 staff members. By September 2022, the pool of global "Evolutioners" had reached 15,917!

One of the final non-commercial indicators of the success of the vertical is player attention. Evolution Gaming developed a Game Round Index (GRI) to showcase how many individual rounds or hands are being played in its games.

From the chart they provided, it is clear that they have managed to grab and retain player interest, as their GRI shows a more than 70% YoY growth starting in 2020.

What is in Store for 2023?

Here are some of the growth points Evolution Gaming have mapped out for 2023:

• Continued growth in LATAM.
• Continued expansion across North America.
• New studio launches in Madrid and Yerevan.

While it is great to look back at what has worked in the live dealer games sector, the future is based on what you have planned. Based on their regional and studio expansion, we expect even more spectacular growth in the new year.