Online Gambling On The Rise
Why is the Popularity of Online Casino on the Rise Even though online casinos have been around for a number of years, their popularity has grown tremendously in the last 24 months or so. There has been a sharp increase in the number of people signing up to major bookmakers like WildJack casino and more. The rise of mobile devices has only accelerated the growth of online gambling. Today, it’s easy to grab an app and start placing wagers on your smartphone or tablet. Online and in-app gambling games may choose to emulate the traditional casino games found in brick-and-mortar gambling establishments, or they may take on a totally new look.
US Online Gambling on the Rise Amid Coronavirus September 23, 2020 During these uncertain times, people are staying home to protect themselves and others from the COVID-19 virus. Governments around the globe are recommending self-isolation as the best method for containing the virus. The rise of online gambling Business 31 July 2019 19 October 2020 Business Matters Online gambling has been growing to a bigger level than ever before over the last five years. The Golden Nugget is New Jersey's leader in internet gambling revenue, winning over $177 million last year. It, too, is seeing a virus-related bump in its online numbers, with a 20% increase in.
The rise of online gambling is in full force. Year to year stats are pointing up, showing signs of a healthy infrastructure and emphasizing rapidly growing numbers. The online gambling industry was worth roughly $30 billion back in 2011. In 2017, the industry’s worth was estimated at $50 million, with new projections suggesting roughly $73.45 billion by 2024.
Mind you, we’re only talkingabout the online gambling portion of the market, not gambling in total. Theseare serious numbers, and its growth is a direct result of several key factorsthat shaped the industry throughout the last few years.
Key Factors That Helped Online Gambling Flourish
Here are three key contributors that helped boost the valueof the online gambling industry:
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The Rise of Online Gambling Sites
Back in the early 2000s, longbefore the smartphone era and invention of online gambling sites, people had tovisit brick and mortar casinos to get their wagers in. Yep, they had to walkthere and do it in person… Crazy, I know!
Those were simpler times, that’sfor sure, but it’s safe to say the gambling industry has come a long way sincethen. Nowadays, there are tons of online gambling sites featuring dedicated desktopand mobile options. Gambling on the go is all the craze now, so a move towards amore mobile based betting experience was completely logical.
Unfortunately, we don’t have theexact numbers, but we firmly believe the rise of online gambling on mobiledevises has greatly influenced the overall value of online gambling. Theconvenience factor is of crucial importance, and all the best sports bettingand casino sites recognized it.
The Rise of Esports Gambling
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Have you guys heard aboutesports? It’s a relatively fresh industry featuring organized, professionalcompetitions in various video games such as CS:GO, Fortnite, and League ofLegends. It’s a massive industry with lots of money on the line. For instance,last summer, KyleBuigha Giersdorf (16) earned $3 million by winning a Fortnite event.
Surprisingly enough, there’s amassive demand for esports betting options. We aren’t even talking about justthe biggest events but a year-long coverage of a multitude of esports titles.People are crazy about esports betting, with esports becoming a standalonecategory on most top-tier betting sites and online gambling apps out there.
Considering the fact all esportsfans are tech savvy, we can safely assume the majority of them are using eitheronline gambling websites or dedicated apps. In other words, esports and onlinegambling growth is deeply connected.
Online Gambling Legalization Movement in the US
In the last two years, eversince the PASPA ruling, we’ve seen plenty of online sports betting actioncoming from the US. The states are finally free to choose how they’d like toapproach online sports betting. States like New Jersey, the PASPA rulingleader, have already started their online sports betting empire, while othersare either joining in or actively deciding whether or not to pursue the newesttrends.
Wrapping Things Up
The rise of online gambling apps,the legalization movement in the US, and the rise of esports gambling are thethree key contributors to online gambling’s rapid growth. The online gamblingindustry isn’t going anywhere, and it will probably keep on rising with moreand more markets readily available for bettors all across the globe.
Online gambling is a worldwidephenomenon, whether you like it or not!