Over the past two years, the online casino industry has shown impressive growth. Due to the pandemic, this part of the gambling market has grown significantly.
In 2020, online casino market share increased by 13.2 percent compared to the year before the coronavirus outbreak. Worldwide, the industry generated $67.5 billion in sales. Only Sweden accounted for 2.7 billion euros. Germany was the second most important European market after the UK. However, the real boom is yet to come.
Legalization contributes to the boom
By 2024, the annual turnover of online casinos is expected to grow to around 100 billion euros. This will be almost 40 percent more than in 2020. In Sweden, the industry is expected to generate over 3.3 billion euros in turnover. Nearly 60 percent of this amount (€1.9 billion) is expected to be generated by German licensed casinos. As such, Sweden is a good example of what is fueling the boom along with the pandemic: the legalization of online casinos, which were previously banned in many places. In Sweden, on July 1, 2021, a new state gambling law came into force, which lifted the ban on such offers.
Mobile Gambling Shows Particularly High Growth
Another figure is amazing - especially since the real boom is yet to come: the development of mobile access to online casinos. In 2020, the number of eligible visitors increased by 58 percent compared to the previous year. In this area, the largest growth was observed in all key indicators. Perhaps this was facilitated by the preparatory work of the bookmakers. Providers are increasingly providing web applications. An example is a report on the experience of Cloudbet.
These apps are mobile websites equipped with all the typical features of the apps. Therefore, they do not require downloading or updating. They also work regardless of the operating system of your smartphone or tablet, and convenient payment methods, such as on the https://casinos-without-license.com/zimpler-casino/ portal, facilitate direct transactions between player banks and casino accounts, which makes them one of the few payment methods that provide fast and secure transactions.
Online casinos are getting safer
Another component of a possible future boom is an increase in player confidence. In the past, online gambling abuse was a problem. These players became the target of criminals who eventually attacked the casino. Vendors responded to this in order to offer their visitors a safe experience. In 2020 alone, the number of online casinos with strict security measures has tripled. The UK and Sweden have also been demanding high safety standards for years. Almost all major brands comply with them voluntarily, even if they do not operate in these countries. By the way, this also applies to participation in programs to combat gambling addiction.
Technological advancement brings new kinds of games
Technological advances are also allowing online casinos to introduce new games. Particular attention is being paid to augmented reality (AR, augmented reality) and virtual reality (VR). This allows players, for example, to stand at the roulette table and place their bets. Until now, an obstacle to such games has been the lack of gaming equipment. Sales in the virtual reality industry alone are expected to be $250 billion in 2022. More and more people have the necessary equipment, so https://casinos-without-license.com/curacao-casino/ can fill their gaming libraries with relevant games. When it comes to opening your own casino, this article provides sound advice on how to successfully start a business in this industry.
Bottom line: the place is good, and it will get even better
The online casino industry is one of the few industries that can't complain despite the recession. In particular, thanks to the legalization of offer in many countries and technological advances, an already good situation is likely to become even better in the future.
Loading…