For a long time, the Internet has been changing the world and even parts of our everyday habits. We are not doing many things as we used to do, and of course, those changes have affected our business models too. Companies had to adapt, and they are still adapting to quick changes. As an industry, gaming is now, as we all know it the world’s favorite form of entertainment.
As technology grows, the number of industries affected by the Internet continues to expand every day. As a part of the gaming industry, online gambling has boomed a lot in the past decade. On the other hand, the investors are just beginning to realize the power of this industry.
In Europe, online gaming or iGaming is a multi-billion dollar business. This industry attracted mainly younger man, but with the time, the user group expanded a lot by including a huge number of women and older age groups. On the other hand, as the industry matures, operating an iGaming company is becoming a more complex thing to do.
Why invest in the online gaming sector?
The gamification of things has brought a different approach to many industries, but especially in the online gambling sector. People began to understand how quickly they can capitalize. With constant new technological developments, such as geotagging, commercial models, like cryptocurrencies and social casino, with game formats like in-play sports wagering and daily fantasy sports, the online gaming industry offers a massive opportunity. The iGaming sector is an industry that is perfect for targeting disruptive technologies and services.
If you have not already noticed, many forms of entertainment are becoming less and less interesting. Just the TV revenue is falling at great speed, while, on the other end the gaming sector’s sales are booming with over 10% on an annual rate. The future of online gaming looks very bright. With augmented and virtual reality gaming experiences, this industry is likely to grow enormously.
Why is the online gambling industry a perfect choice for investment?
Let us start by saying that in 2009, the online gambling industry had a value of 20.51 billion U.S. dollars, now it is worth 51.56 20.51 billion U.S. dollars, with prognosis to grow up to 59.79 in the year 2020. The global online gambling industry is one of the biggest and most rapidly expanding market at the moment. It is the biggest phenomenon in recent years. The games that dominate in gambling sector are wagering, casino and poker.
If you were wondering, around 51% of the world’s population enjoys some type of gambling every year. The financial benefits from online gambling platform are attracting many people. Nowadays, players can enjoy numerous high-quality online games and experience the lucrative side of the online casino industry.
The advantage of online gambling games is the possibility to play them anywhere and anytime. With such great benefit, online gambling affects a much wider demographic, and almost all age groups. Significant growth also comes from government attempts to raise revenue from gaming. The number of legalized casinos is increasing constantly.
A great investment opportunity!
Online gaming sector definitely offers a great pool of opportunities for anyone who wants to be a part of this billions worth industry. And, if you are wondering how big online gaming can be, needless to say, that in New Jersey, online gaming began in November, only to generate $8.3 million by year’s end. Amazing isn’t it?
With so many gaming sites, online slots, iSports, video games, and many online legalized casinos, it is becoming almost necessary to join the gaming community and invest in this industry. For everyone who does not embrace online gaming and misses to invest in online gaming, they will risk a lot to become outdated, even in their own industry.