Online Gambling Becoming a Global PhenomenonPublished April 23, 2016 by Vlad G
A multi-billion industry made phenomenal by amazing casino games and online platforms for players from around the world.
It is a known fact that the internet has helped various industries grow significantly in recent years. One of the best examples of this is the online gambling industry, which has expanded to cover the entire world and include hundreds, if not thousands, of major operators catering to countless players.
The internet business model provides great opportunities for casino games since customers can just enjoy their favorite games in a matter of seconds, rather than have to travel to a land-based casino. Known as the iGaming industry, it is now a multibillion dollar industry on the internet and it got here in just a bit over a decade.
Something for Everyone
iGaming can be described as a global phenomenon that covers those of all legal ages and demographic groups and continues to grow every year. The exciting casino games improve and online casinos get bigger and better with various offerings and services. Here we can mention brands like 888 Casino, 21 Dukes Casino and Jackpot City Casino as they each have their own style and collection of games.
Between the top software providers, there are more than one thousand casino games available and the list just keeps getting bigger and bigger with the help of new releases. Graphics improve and the entertainment value goes up.
From 1994 to 2016 and to the Future
The industry has its beginning in 1994, when Antigua and Barbuda became the first jurisdiction to allow online gambling; with the first online casinos going live by the end of the year. While it quickly started gaining momentum, it wasn’t until the early 2000s that online gambling really became an industry of global interest. By 2008, online gambling revenue reached $21 billion.
Since then, iGaming has grown even further and regulations have changed around the world to meet the demand of players. In Europe, online gaming is the right of every adult of legal age. In the United States, online casinos are just starting to catch up due to regulations.
According to statistics, it is estimated that online gaming in 2015 was worth $41.4 billion.
The future looks bright as the growth of mobile usage and internet coverage provide more opportunities for players to join.