The online casino industry is massive and growing every year. According to a report from Statista, the global online gambling market was valued at over $48 billion in 2018 and is projected to reach over $94 billion by 2024. This growth can be attributed to several factors including the increasing availability of internet access, more widespread acceptance of online gambling, and the convenience of virtual casinos.
If you ever wondered why online casinos are thriving, in this article we will explain the size and scope of the online casino industry.
Online Casino Has Huge Pool of Players
With more than 1.6 billion people playing at least one game of online casino in 2018, the industry is surging in popularity. People from all walks of life have embraced the convenience and rewards of online casino games, making them more accessible to a wide range of audiences around the world. It comes as no surprise then that an estimated 2 billion people could be playing these games by 2021 – proving that the love for online casinos is most definitely booming.
Massive Revenues for Online Casinos
The online casino industry is one of the most profitable ones globally. Its presence in virtually every country also means that it can draw a huge player base, playing various games and betting using digital currencies. This player base has translated into massive revenues with research from iGaming Business showing that gross gaming revenue at online casinos grew to over US$46.9 billion in 2018 alone – an impressive 12.5% increase from 2017’s total. It’s no wonder then that the industry is continuing to grow as players flock to play their favorite games.
Online Casino Offers Better Bonuses Than Land-Based Casinos
One of the major advantages of online casinos is that they offer better bonuses than land-based casinos do. Online casinos typically offer sign-up bonuses to new players as well as loyalty programs for regular players, which makes them a great option for those looking for some extra cash. Furthermore, many online casinos also offer no deposit bonuses, which means that players can play without having to put any of their own money at risk. This is an attractive option for players who are new to the world of online gambling.
The Impact of Mobile Gambling
Mobile gambling has certainly changed the landscape for online casinos and businesses. Not only does it make online gaming more accessible at any time, but its convenience allows users to be more involved in their gaming decisions. As a result, this increased accessibility has had a large impact on the industry. Players are choosing mobile devices over traditional platforms, with iGaming Business reporting that 47.6% of all gross gaming revenues came from mobile devices alone in 2018. This statistic shows just how much players are relying on their devices when it comes to online gaming and is likely to increase in the future due to the convenience and ease of access it provides.
Online Casino Offers Wide Selection of Games
Online casinos are a great option for gamblers looking for a diverse and exciting gaming experience. By going online, players can find a wide range of options, from traditional slots to table games, sports betting, and other specialty offerings. For players who might otherwise be limited by the available choices at their local casino, this variety provides an opportunity to explore different strategies, find new levels of challenge in their favorite games, and enjoy the sheer excitement of trying something new.
Online Casinos Are More Secure
For many players, security is a top priority when it comes to online gambling. Fortunately, online casinos offer better and more secure options than their land-based counterparts. Through strict regulations from gaming authorities and encryption protocols that protect players’ confidential data, playing online casino games can now be considered much more secure. For anyone looking for trustworthy online gambling experiences, there are plenty of options available online today where you can feel safe wagering with your hard-earned money. One of the best examples is https://smartcasinoguide.com/, there you can find many useful resources as well as a thorough list of trusted online casino providers that’ll help you maximize your winning chances.
Online Casinos Are Becoming More Accessible
Finally, it’s worth noting that online casinos are becoming more accessible. They are now available in many countries across the world and can be accessed from a variety of devices with an internet connection. This has helped to expand the industry even further, as players can now access their favorite games regardless of where they are located.
Online Casino Provides Enhanced Helps and Customer Services
Online casinos also provide enhanced customer service and help. They have dedicated support teams available to answer any questions or queries that players may have and provide assistance with any issues they encounter while playing. This makes it easier for players to find the help and advice they need, without having to leave their homes.
Online Casinos Are Legal In Most Countries
Not only is it necessary to ensure gambling takes place in a safe and responsible manner, but many governments are now also considering the legalization of online casinos. This comes with a number of advantages including more accessible gaming and economic benefits for the country. With the legalization of online casinos, players will now have access to a variety of gaming options and be able to enjoy their preferred form of gambling without fear of being penalized by authorities.
The online casino industry has grown tremendously over the past few years and shows no signs of slowing down anytime soon. It’s a truly massive industry that has attracted millions of players and generates billions of dollars in revenue each year. With the right strategies and technologies, online casinos are sure to continue to thrive for years to come.