IMF lifts global GDP growth to 5.0% CAGR (2024–2030), up from 4.5%. H2 updates global gambling GGR forecasts: • 2030 total $844bn (+0.07%) • Online $352bn (+0.65%, 42% share) • Land-based $491bn (–0.34%) North America down; Africa, LatAm, Europe up slightly. #H2Gambling

UK HMRC betting & gaming duty receipts hit £1.786bn (+9% YoY) for Apr - Aug 2025. Apr–Jul data: £1.624bn (+7%) • Remote gaming +14% (£592m) • Lottery +9% (£352m) • Gaming +8% (£80m) • Machines +1% • Bingo –3% • Betting flat (£328m) #H2GamblingCapital #HMRC #UKGambling

H2 has rebuilt its Australia National Dataset (FY2024) by state/territory - filling data gaps & aligning with new reporting structures. Total licensed turnover: A$305bn (+1.1% YoY) Lottery up 10.3% | Gaming machines up 3% TLC now holds ~84% of lottery turnover.

Favourites won 11 of 15 (73.3%) - a 5-year Week 7 high, with 9 covering the spread. Broncos’ record comeback, Bengals upset Steelers, Colts lead league at 6-1. Chiefs now Super Bowl favourites at +500. Week 8: largest bye week & highest spread since 2021. #H2GamblingCapital

Marina Bay Sands reports another record quarter. Q3 2025 revenue reached US$1.44bn (+56% YoY), with gaming gross win at US$1.08bn (+80% YoY). First 9 months revenue now US$3.99bn (+29% YoY). Full-year Singapore casino gross win forecast remains c.S$6.87bn (+21% YoY).

China September 2025 lottery sales reached RMB 52.9bn (+3% YoY). Sports Lottery RMB 35.5bn, Welfare Lottery RMB 17.4bn. Instants continued strong growth; sports betting declined. YTD sales now RMB 476bn (+2% YoY). Full-year 2025 forecast: ~RMB 646bn (+4% YoY).

H2 has updated its NZ dataset after Lotto NZ’s FY2025 report. Total sales NZ$1.63bn, down 5% YoY. Lotto, Powerball & Strike NZ$1.37bn (-6%). Instant Kiwi -3%, Bullseye -9%, Instant Kiwi Online +7%. Online share 48%. FY2026 forecast NZ$1.60bn (-2%). h2gc.com

H2 has updated its Ukraine regulatory coverage following a new draft order from the Ministry of Digital Transformation. Proposed rules include player spend/time limits tied to self-declared income and a 2-hour cap on continuous play with a mandatory 15-minute break.

UK Gambling Commission data for June - Sept 2025 shows online GGY up 8% year on year, driven by gaming and resilient slots performance despite stake limits. Betting and retail figures remain stable, with SSBT use continuing to grow. Full dataset now available.

PENN and ESPN end their partnership on 1 Dec, closing ESPN BET after reaching only 2.3% market share. DraftKings and Flutter shift focus with new prediction market apps. US sports betting handle up 17% y/y, while iGaming hits record $2.69bn in Q3.

US iGaming October 2025: PA, MI and NJ all hit record highs. • PA: $312m GGR (+27% YoY) • MI: $279m (+26%) • NJ: $260m (+22%) With two small states still to report, October GGR is already +26% YoY. H2 now forecasts 2025 US onshore iGaming gross win at $10.60bn (+26% vs 2024)

Chile Q3 2025 data from Polla Chilena: sales hit CLP 28.7bn (-9% YoY). Lotto remains dominant; Xperto and Instants decline, while Loto 3 and Polla 4 show small gains. YTD sales: CLP 89bn (-22%). 2025 forecast cut to CLP 125bn (-15% vs 2024). #Chile #Lottery #SportsBetting

The UK Budget confirms major online gambling tax hikes: RGD to 40% in 2026 and RBD to 25% in 2027. H2 forecasts a smaller tax uplift (£800m vs OBR’s £1.1bn) as reduced bonusing and rising offshore play push channelisation down to ~84%. Full analysis: h2gc.com #UK

H2 has updated the Japan National Dataset with Sept 2025 data: • Sales ¥1.33trn, gross win ¥200bn (+6% YoY / +3% real) • Q3 sales ¥4.3trn (+8% YoY / +4.4% real) • FY2025 turnover forecast raised to ¥16.5trn (+8% vs FY2024) Full dataset: h2gc.com #H2Gambling

Allwyn Q3 UK National Lottery GGR: €974m (£830m), flat YoY. Online +6% (£440m), retail -6% (£391m). Draw games +1% (£599m), instants -4% (£231m). 2024 GGR forecast: £3.46bn (+3% YoY) vs £3.36bn reported by Gambling Commission.  #H2GamblingCapital #gamblinginsights

After the recent UK budget frenzy, it’s been a quieter week - but key developments continue. Brazil approved a proposed online gaming tax increase, Missouri launched sports betting, and New York casino bids moved forward. Plus Q3 results from Allwyn and OPAP’s Greek Lottery win.

South Africa FY25 data • GGR ZAR 44.5bn, up 53% YoY • Online betting drives growth • H2 estimates ZAR 30bn from iGaming-style content, ZAR 14bn from sports betting. H2 now tracks monthly online GGR & market share for SA. Onshore channelisation: 83% (offshore ZAR 9.4bn).

Brazil Q3 2025 lottery update: • Caixa sales BRL 6.43bn, +10% YoY, +6% QoQ • Mega-Sena: 33% share, +5% YoY • Lotofácil: 40% share, +20% YoY • YTD sales BRL 18.0bn, –1% YoY H2 forecasts FY2025 sales of BRL 26.6bn (+2% YoY). #H2Gambling

North America led the data flow this week, with updates across Canada and the US, including final iGaming state figures and annual lottery reports. Elsewhere, Ethiopia has shut down its sports betting sector entirely. Final newsletter of 2025 - next edition lands 5 Jan 2026.

Wishing all our subscribers, partners, and colleagues a Merry Christmas and a Happy New Year. Thank you for being part of our journey this year. We look forward to an exciting and successful year ahead. #H2GamblingCapital