Online gaming has been profitable over the years. The industry has grown popular in Europe and beyond. Statistics show that the industry will be worth 92.9 billion dollars at the end of 2023. The iGaming industry has wowed many entrepreneurs to try and tap the potential in the business.
Denise Coates is a good example who risked her family business through mortgage and launched Bet365. How much does bet365 make? That’s you to find out. If I were to ask Pansy Ho, she would probably agree that investing in gambling is worth it. Our expert Jacek Michalski expounds more on why online gambling could be the next great investment opportunity:
It is with no doubt that the online gambling industry has gained a massive boost from technology. From playing in land-based casinos to mobile phones and Pcs, players can enjoy various games at their convenience. Today, players enjoy multiple games, numerous modes of payment, and 24/7 customer support in a secure platform.
Developers have shifted their energy into offering software that has improved the game’s graphics and sound. In addition, reputable casino developers work to release new games every year that meet gamer’s expectations. Wait, did I mention AR and VR? Gamers can now enjoy an interactive gambling experience that was not there before. Advancements in technology have made many platforms make lots of money.
Endless investing options
Investors should invest in casinos because of the number of investment options the industry contains. Several online casinos are looking for new investors to help them continue to grow their businesses. Some have a good reputation, large audience, balance sheets and are looking for an investor to help them grow.
The booming gambling industry creates room for entrepreneurs to kick off their own casino business from scratch and join the successful casinos the world has today. Another excellent example of an investment option includes creating educational blogs on gambling such gry hazardowe online za darmo that teach Polish players all about online casinos.
There are too many people searching on Google content related to gambling. Educating them on a blog on how to bet or choose a casino is another potential business opportunity.
Legalizing of online gambling
Online gambling has become legal in most countries in Europe, including the USA and some provinces in Canada. Other countries are also working to pass the gambling bill. According to the numbers presented by the New Jersey Division of Gaming Enforcement, the online wagering handle was $886.5 million in January 2021. The number had increased from $471.4 million in January 2020. As more states continue legalizing gambling, the number is likely to continue growing.
An intelligent investor asks questions. Where is the market headed? Why invest in a casino? Is it already at its peak or is it a waste of time? However, those with sophisticated marketing strategies would try their luck. It is also essential to know that few casinos are struggling to succeed in today’s competitive market.
According to a recent online gambling review, online casinos are here to stay with us. The future for online casinos is bright, and statistics show potential growth in the gambling industry. Today online gambling is worth over $667 million and sets to grow at an annual rate of 11.5% until 2028.
It has proven to stand despite the pandemic
Many businesses closed after the wreaking havoc of coronavirus. However, casinos were not exceptional. Land-based- casinos allowed a few players at a time due to the strict WHO guidelines on social distancing. The iGaming took another shift by having vast numbers of new players online.
During the lockdown era, people searched for new hobbies to break their boredom. Online gambling grew popular during the corona pandemic and made millions in total revenue. Gambling was among the few industries that survived during the pandemic.
Experts suggest that people will continue gambling online, including our mothers. The industry has improved since the pandemic by embracing new technology that satisfies its customers.
The future of online gambling is now. Investors are already boarding moving wagons by starting their own casino businesses. The growth of technology, the quest for high-speed internet have revolutionized the gambling industry. The room for expansion, demand for more casinos are significant factors that entrepreneurs can hardly ignore.