Gambling market value predictions are quite optimistic as of 2021. With the closure of land-based casinos, the online gaming industry experienced a big boost. What awaits it in the upcoming years?
The temporary closure of land-based gambling businesses across the globe resulted in a big lift for the online industry. In 2020, online casinos multiplied their income and are expected to prosper this decade. Let’s check all the latest news on online gambling to see gambling market value predictions.
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Online gambling in 2020-2021
Although the global gambling market faced some difficulties in 2020, its general situation was not bad. While offline gambling venues suffered losses, online casinos still had a stable profit. According to the latest data, the global market was $6.72 billion in 2020 and will grow by approximately $75 billion in 2021.
The big boost in online gambling took place not only thanks to sportsbooks and casino sites. Gamblers using social networks, mobile apps, and other gadgets to play games have also helped the industry to stay afloat. By the statistics, almost 40% of all online gamblers tried mobile gambling at least once in 2020. Considering all the benefits of apps, mobile casinos will only gain popularity, especially if land-based locations stay closed.
Unlike casinos, sportsbooks didn’t face many changes last year. Although there were few sports and entertaining events in 2020, punters used betting sites to benefit from special bets and politics (especially in the US).
Further gambling market value predictions
Considering optimistic results in 2020, further gambling market value predictions are also good. Following the latest online gambling news, online sports betting will maintain an optimistic growth by 2025 at least. The most popular players on the market are Bet365 Sportsbook, Betway, BetVictor, Betsson, Bet-at-home, and 888.
Regarding online gambling, the situation will be consistently favorable until 2028. The global market is expected to reach $159 billion by that year, which is almost 1.5 times more than in 2020. Interestingly, the biggest profit will probably come from Asian and European countries rather than the US.
Additionally, mobile and portable device gambling will keep on growing. At the same time, PC and laptop casino games are not going to disappear as playing and installing casino games is still easier on big screens. Therefore, both types of online gambling will progress during the ongoing decade. This is going to have a very positive effect on the industry in general.
What about games?
Finally, gambling games are also important to mention. Following trends, old-fashioned casino games and fruit machines will be back in 2021-2023. Later on, the companies will focus on high-tech apps and visually stunning activities. Bitcoin and other cryptocurrencies will become a popular payment method among gamblers.
The variety and quality of casino games are going to improve in comparison to 2021. The best gaming companies will make more activities for mobile apps which are going to be top games. Their total number will also increase as there are very few good casino games for smartphones. At the same time, gambling on PCs will be steadily filled with new games from Microgaming, NetEnt, and other top companies.
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