Impressive Growth in Online Gambling MarketPublished November 20, 2015 by Sol FH
Steady growth and strong development has propelled online gambling market to new heights.
Online Gambling is in its heyday and doesn't seem to be slowing down any time soon. Since its beginnings in the early 2000's, online gambling has grown from a respectable 10-13 billion dollars, to the whopping $41.4 billion mega industry it was projected to be worth worldwide in 2015.
Though $41 billion is still only a fraction of the $360 billion that land-based gambling is worth, online casinos and sportsbooks have made a huge dent into brick and mortar revenue. Much of this amount is from US-based casinos, which may be part of the reason the online gambling industry has been so slow to be approved for nation-wide regulation.
While the United States plays catch-up, Europe is at the forefront of online gambling. Europe-based online casinos can be played by players around the world and there are new brands jumping onto the scene almost every month. Longtime, trustworthy favorites like bet365 Casino, Jackpot City Casino and Rich Casino continue to see thousands of new players registering for their premier services every year. Since 2010 the market has increased by 36.6%, with online casinos receiving players from all over the globe.
More and more governments are realizing that there is huge money to be made from tax revenue, with established markets in the UK, France and Spain being examples for new regulators. Mobile gambling has also become one of the most popular ways to play, while on-the-go, with mobile casinos becoming fully optimized for all smartphones and tablet devices.
Online gambling is currently regulated in Nevada, New Jersey and Delaware, but dozens of states have been seriously weighing the pros and cons of starting their own iGaming programs. Online Gambling employed over 734 thousand in the US alone, and this issue will definitely play a role in the next election.
It is obvious that online gambling is continuing to grow and it is only a matter of time till it is regulated in all countries and states the world over. It is important to find a reputable brand like bet365 Casino, Jackpot City Casino or Rich Casino, so make sure to do some research before signing up for new services.