Foreword | Money88
Of all the biggest winners and biggest losers in business over the past decade, the online casino industry easily falls into the former category. Globally, the industry has seen substantial growth since 2010.
What’s next for online casinos? | Money88
While the past few years do seem to have kickstarted significant growth, the truth is that growth doesn’t look like it’s slowing down anytime soon. The global figure is estimated to exceed $110 billion by 2025, and in the U.S. alone, market analysts predict an 11.7% growth rate through 2030.
It looks like the situation is more complicated than if people don’t have much time.
Relax the rules | Money88
In addition to being easily accessible to players, these same territories are also open to online gambling, which means casinos and providers are scrambling to fill the market.
However, it’s not just developing regions. States in the United States and Canada are gradually opening up. Depending on where you live in the United States, you may have seen an increase in online casinos in recent years.
Easier access | Money88
Online casino sites and slot machines that include mobile versions have quickly become the norm, not the rarity. The number of websites and providers that don’t offer mobile-optimized versions is rapidly dropping to zero.
Once you combine that with cheaper mobile devices in developing countries like Latin America and India, you have the industry suddenly open up to huge new markets with huge populations.
Online Gambling Over the Past 10 Years | Money88
Remote work has increasingly become the norm over the past decade, freeing people from sometimes hours-long commutes and freeing up time for other activities. During that time, millions of people discovered the world of online casinos and many became fans.
Those who are used to playing poker in person will be aware that major sites like Paddy Power offer the option to play blackjack online with more people. But it’s not just about expanding the user base: as you can see, the site offers a huge selection of blackjack games to flesh out the standard edition. There is a general awareness that gambling is not what it used to be.
At the time of writing, after several years of rapid growth, the industry is worth around $70 billion globally, with $10 billion in the U.S. alone.
Are there signs of slowing growth? | Money88
As we mentioned before, every industry expert in the world is very bullish on the direction of online casinos. With so much innovation invested in the player experience, new players are easily drawn in.
Between the integration of VR and the adoption of encryption, developers and platforms are keen to work in any and all new technologies, which is sure to keep a new generation of gamblers engaged for years to come.
