Gambling Growth According to Latest News

This development of the Internet, the formation of new markets, attracting a huge number of players. In the last decade, key players have appeared on the market, including online casino operators and software developers. High rates are made for sound and graphics. Specialists of the industry noted the increased demand for bright and colorful design of products. Between them, there is a constant struggle to outstrip competitors. Software manufacturers are struggling to create newer and better products. In turn, online casinos are trying to attract new customers, using a high level of service, discounts and bonus promotions.

In 2016-2020, the Global Gambling Market Will Grow by 7.91% per Year

The main factor in the growth of the world market of gambling, according to analysts, will be the growth of the middle class of the population in many countries of the world, as well as their disposable income. This will allow businessmen to open new gambling establishments in many countries of the world.

In addition, today, the authorities are increasingly thinking about thelegalization of gambling, because it allows you to get a stable source of tax and licensing payments to the budget. Meanwhile, the number of Internet casino customers working with the population of certain countries, but not having a corresponding license, has been growing lately.

According to analysts, the main drivers of the growth of the gambling market worldwide will be an increase in per capita income and the liberalization of national legislation in many countries around the world. In addition, they pay special attention to the online segment, which will grow very rapidly. 

In some countries, where the casino market and bookmaker offices could develop at a rapid pace, this did not happen because of the dominance of illegal Internet sites and public opinion that was negatively tuned to gambling. However, every year the number of countries that have embarked on the liberalization of the market for gambling services is expanding. This allows creating new jobs, increasing tax revenues to the budget and attracting numerous tourists.

The Online Gambling Market will Reach 66.5 Million

Thecurrent pace of growth in the online gambling market suggests that it will exceed $ 66.5 million in the next few years. This is indicated by a new study conducted by Research and Markets.

The team of analysts conducted a market survey, which examined the demand, geographic location and trends in the development of the gambling industry, and made forecasts up to 2022. Experts were based on the indicator of 35.97 million dollars - this was the market for online gambling in the US in 2016. If the existing trend continues, according to which the growth is almost 11% annually, then by 2022, this amount will increase to 66, 59 million.

According to analysts, such a sharp jump in the popularity of gambling is due to the increase in use of smartphones, in particular, downloaded mobile applications for playing casino, poker or for betting.

However, this market is growing unevenly. In some regions, there is an incredible surge, and in some places, improvements are almost invisible. In general, online gambling includes poker, online casinos (and there are already roulette, blackjack, slots, etc.), lotteries and sports betting. And sports betting and casino bring the greatest revenue. Online gambling is legalized already in eighty countries. The leader of the market, of course, is Europe. Moreover, there, in the near future most likely there will be a new point - the Netherlands are going to adopt amendments to gambling legislation.

But the Asia-Pacific region, on the contrary, shows no strong signs of growth, because it simply does not have such an opportunity because of strict prohibitions from officials. In countries like Singapore, the government has banned all kinds of online gambling. The situation in China or South Korea is about the same. Africa is also not going to adopt legislation that legalizes online gambling yet.

In the US, there are only three states where gambling is allowed on the Internet. However, now there are all the prerequisites for their number to grow, because local authorities expect to get a good profit thanks to the tax deductions made by licensed operators.

Mobile Gambling

Inrecent years, the widespread use of smartphones and other wireless devices has led to a real revolution in the online gambling industry, and now the demand for mobile casinos has increased significantly. Players choose a mobile casino, because they are very convenient to make bets from anywhere in the world where there is access to the Internet. That's why online gambling operators provide their clients with mobile software solutions. Statistics show that the market for mobile gambling comprises $ 100 billion in 2017, and the number of mobile players soon will exceed the number of players on desktop systems.

Players

The demographic portrait of the gambling market is becoming more diverse. More and more women are starting to play in online casinos, and their share is already approaching the threshold of 40% of the total number of players. Also, the range of players' ages has widened, which is connected with the increasing penetration of the Internet into the society. At the moment, 30% of all players are over 50 years old.

Lottery, skill games, bingo, casino games, poker and sports betting are all part of the gambling industry. However, specific preferences vary with gender. The style of the game also depends on sex. Women usually play less often, but longer and with small stakes, while men play more often, but at the same time make higher stakes and their gaming sessions are shorter. As a rule, men play to get certain emotions, and women play for recreation.

Despite the ongoing regulatory resistance, it is extremely clear that the global online gambling industry is growing and becoming stronger around the world. In the coming years, the market volume of online gambling can reach more than hundreds of billions of dollars, most of which will fall on mobile applications. As every year more and more countries legitimize the activities of online casinos, the online gambling market will only grow.