Global Online Casino Industry to Continue Growing Amidst Betting Boost
The online casino industry is set to continue growing at a substantial rate, with market experts predicting the industry will be worth $87.75 billion by the year 2024, in the United States. Reports also suggest that the industry will register 8.77% CAGR between 2019 and 2024, with much of the growth powered by the popularity of online betting.
That’s just America, though. The market is expected to grow substantially on a global basis, with experts predicting that the global industry will reach $565 billion by the year 2022.
In America, online betting is the fastest-growing segment within the industry, meaning companies are likely to continue expanding their sports betting options. This is particularly true in the United States where sports betting was legalised by a ruling from the Supreme Court in 2018. Since then, several states have begun allowing online betting to take place, allowing the country to catch up to its European cousins.
Technological and Software Innovations
As the gambling industry continues to grow, so will the variety of games available online. Beyond traditional sports betting, which is only a new addition to the market in the United States, further investment into artificial intelligence and chatbots will transform the way people gamble online.
Remember, online casinos offer a huge variety of games. These platforms cater to people who bet, play bingo, buy lottery tickets, or play classic casino games. What’s more, these platforms are designed to offer all these services to people on both computer and mobile devices. As a result of this, software companies are investing in new technology that adds greater functionality and features to games, and online casinos are developing in web technology that makes the user experience better.
This might mean better customer service through enhanced chatbots, powered by AI. It might also mean new games designed specifically for mobile devices, which is quickly becoming one of the most popular means by which people gamble online.
An Industry Grows Around Online Gambling
As more casinos appear, more games are developed, and more people spend money on online gambling websites, an entirely separate industry grows alongside it. Websites that offer advice for online gamblers are more popular than ever.
Kasinohai is one such website, giving online gamers access to a reputable list of online casinos that they can trust. In an attempt to ensure that everyone is protected when playing online, this website helps people find casinos that offer the games they love, but which also respect their privacy and handle their data in a professional, secure, and legal way.
CasinoBernie is another such example, offering users a wealth of information about how different games work and what to look for in a reputable website.
As more people turn to online platforms for gambling and casino games, websites like these will continue to grow. And that’s great news. Sites like this ensure that players are always informed, understand how games work and know how to manage their budgets.