A Current Update on the Online Gambling Industry

Online Casino Gaming
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The online gambling industry has been in the business market for a little over 20 years right now. Amazingly, it is now worth over 50 Billion dollars per. Furthermore, the market is actually expected to grow by 11,5 %  between 2020 and 2025. Additionally, since most casinos have been shut down due to the COVID19 shutdown. It is safe to say the growth will actually be more than that.

Online Gambling Industry
Online Gambling Industry

This is because most land casino gamblers are now turning to casinos online for their casino games. Moreover, in this period of quarantine, most people will seek fun in online casino games to while up time. Hence, the future of the market growth for the online casino industry looks mighty bright. Also, there are quite a lot of factors determining its success. Here is more information on the growth of the online casino industry.

Mobile Online Gambling

The coming of the mobile online gambling apps in 2016 has actually increased revenue by more than 50%. This is because over 70% of the online casino users are actually swiping from their phones.

Here are some of the statistics on the effects of introducing the mobile online casino apps:

  1. A general growth in players
  2. An increase in female players
  3. It has attracted the younger audience.

How the World Is Gambling Online

According to statistics, the UK is actually one of the biggest online gambling industries in the world. Between 2018 and 2019, their online casinos made over 5, 3 Billion pounds!

On the other hand, the US seems to be warming up to the idea of gambling online. For instance some states like Nevada have actually legalized online casinos.

Also, Australia and Canada are said to be contributing 30% to the online gambling industry. This is quite reasonable.

The Future of Online Casino

In light of the effects of the COVID19 effects in the gambling industry. It is safe to say that the online gambling is one of the few industries that will actually thrive from this shutdown.

A lot of land casino players who were skeptical about the industry are now turning to it for the online casino gaming. Let us just hope that they can manage to retain these players when land casinos come back in business.

Conclusion

Most countries in the world are now seeing online gambling as a lucrative business. Meaning, they are generally beginning  to warm up to the whole idea of gambling online.

On the other hand, the online casinos keep bringing even better deals to make it look more appealing. Hence, growth is actually expected. If you haven’t started, sign up with some of the best online casinos in Australia and win real money and Mega bonus deals.

FAQs

Can you win Real Money with online casinos?
You definitely can! You will need to just make sure that you do so at real money casino. Free casino games do not give you real money.
Is online gambling legal?
This will depend on where you are based at. Therefore, online casinos are legal in some countries and not legal in some.
How do I open an online casino account?
It is simple! You can just go to a casino of your choice and get step by step guides at signing up.just make sure the casino’s policies are convenient for you.
Which is the best online casino?
The decision on whether a casino is the best or not depends on what you will be individually looking for. But, you can find out more about the best online casinos on our website.
Do people actually won money from online casinos?
Yes, they have. Some people have even won millions from online casino jackpots.