Global Online Gambling Industry Statistics and Trends

2021-22 NFL Computer Predictions and Rankings Casinos Gambling Gaming  trends statistics online industry global gambling  While there’s no way of determining the actual value of the global online gambling industry, experts say the market hit $66.7 billion in 2020. Looking forward, market experts also expect the global online gambling industry to reach $126.3 billion by 2027, recording a CAGR of 11.5%. This massive growth in the industry is all thanks to the rising popularity of online bookies like 

www.boostcasino.com/jackpot-games/megafortune and the freemium model of online betting sites.You can practice playing  before you make a deposit and give it a spin for real.

The availability of affordable internet data and massive smartphone adoption is also taking the industry towards exponential growth. Here are some key statistics noted by market experts looking at how far the online gambling industry has come in the last few years:

  • The global online gaming market hit $66.7 billion in 2020.
  • Europe, Canada, and the US have the biggest market share.
  • Experts project the global online gambling market will double in size by 2027.
  • At least 95% of online gamblers are playing at home today.

More gambling operators are also starting to note that the transition to the digital scene is inevitable. As such, you can expect the online casino market to overtake land-based operators soon and replace posh and fancy casinos by offering advanced virtual environments from the comfort of the players’ homes. But why is online gambling the future of the casino market?

Emerging Trends in the Online Casino Industry

Technological advancements are allowing gambling operators to improve the user experience and reach new heights. That’s why the industry is blurring the lines between the virtual world and reality to enhance the gambling experience. However, there’s a growing concern that for operators that not every player is 100% safe.

Here are the biggest trends moving the online gambling industry forward in 2021.

Having A Gambling License Is Crucial More Than Ever

Two decades ago, internet gambling was still in the developmental stage. As such, operators would freely change odds for the games that they offer and lie about their bonuses or even deny to pay large amounts of cash to winners. Fortunately, scamming players is not easily possible today as it can lead to permanent bans and even jail time.

As the industry has continued growing, licensing has become crucial more than ever and there are dozens of trustworthy institutions responsible for regulating gambling operations and issuing licenses. These institutions also test gambling platforms to verify whether the operator has tampered with their games’ algorithms.

Some of the best regulators in the industry include the Malta Gaming Authority, the Curacao Gaming License, the UK Gambling Commission, and the Kahnawake Gaming Commission. These institutions are trustworthy for their rigorous testing regulations, ensuring that players have fun in a safe environment without being scammed.

Augmented Reality and Virtual Reality Games are Here

AR and VR technology will be the next big trend in the online gambling industry thanks to their ability to offer immersive games. That’s why game providers like Microgaming and NetEnt are focusing their resources on creating several AR and VR games, including their popular slot machine title Gonzo’s Quest. Additionally, gambling giants are also considering creating a VR casino that will give gamblers the ability to meet other players and gamble using real cash like in land-based casinos.

 

The NFL gets into gambling: what the exclusive casino sponsorship with Caesars will mean for football fans

2021-22 NFL Computer Predictions and Rankings Advertising & Marketing Gambling Gaming NFL Office  sponsorship how to get into sport betting gambling football exclusive casino caesars  After years of outright contempt for gambling, the National Football League has brokered a deal with Caesars Entertainment Corp., which will impact football fans and casino players alike. Caesars is currently the largest casino operator in the US and the fans have long been awaiting to see the NFL enter the gambling world.

From rejection to golden deals

Until recently, the NFL famously avoided to get involved with gambling and sports betting. The NFL claimed that gambling was one of the biggest threats it could face, and it was one of the most vocal opponents to sports betting and its effects on the game. But the NFL surprised everyone earlier this year when it announced that Caesars Entertainment would be its first-everofficial casino sponsor“. Insiders expect an arrangement of $30 million-per-year for the next three years.

Last year, the Supreme Court’s decision to overturn the Professional and Amateur Sports Protection Act allowed states to legalize sports wagering. The ruling directly resulted in the NBA, NHL and MLB partnering up with MGM Resorts International, Caesars’ biggest competitor, and in the more recent deal between Caesars and the NFL.

What does this deal mean for me?

Although the exclusive deal has not mentioned sports gambling as such, it certainly represents exciting opportunities for football and gambling enthusiasts. As of now, Caesars can use NFL trademarks so that fans can expect to find NFL branded items in casinos near them. Fans might also be able to witness NFL exclusive events in selected casinos and hotels. For instance, Caesars Rewards members can rejoice at the possibility to experience the unique NFL Draft Party, taking place at the famous Caesars Palace in Las Vegas. For the few unlucky ones unable to fly out to Vegas straight away, do not despair, Casinorange.com got you covered! You can try your luck at some of the best online casino games until NFL events come to your favourite casino.

Hopefully, the recent merger between Caesars and Eldorado Resorts Inc. will increase the NFL offerings for fans. Although both companies failed to mention the NFL sponsorship during the official deal announcement, we can already speculate on how the newly largest casino company in the US will make most of this partnership for gambling fans who love football.

PODCAST: 2019 NFL Gambling Round Table

This video will give you insight into being a professional bettor.


3 Facts about Gambling Online for Beginners

2021-22 NFL Computer Predictions and Rankings Casinos Gambling  online gambling facts beginners about

There are so many things you need to learn about gambling online. You may spend a lot of time looking for information relating to Bitcasino and all other types of casinos online. But basic information from a team of experts will help you to get started. Gambling is addictive. You may make or lose money in the process. But knowing a few facts about gambling can help you mitigate the risks involved. Some important information about gambling may also help you to make the right decisions. Remember you also need to be careful on the gambling sites and opt to visit genuine and secure sites. With a few tips, you can easily identify such sites online.

Here are 3 facts about gambling online for beginners:

  1. Betting systems

You should not follow betting systems blindly. Most games have an independent event and mostly, it all depends on luck and skills gained over the years. As a beginner, it is important to start small. You should only bet an amount of money that you can afford to lose. With time, you can take higher risks. But relying on past events or betting systems to make money through gambling may not work for you. Raising or lowering your stakes in gambling due to certain situations should not be your guiding principle in gambling. With time, you will learn more about what works and what doesn’t. Learn patiently instead of relying on betting systems that may not work and that may lead to huge financial losses.

  1. Gambling currencies

It is good to know the type of currency you can use in online gambling. Most people are aware of payment through dollars or any other currency. Payment in online gaming may be done through the use of credit cards. Bitcoins are becoming more popular these days. You may also gamble online using bitcoins at genuine bitcoin casino sites. To play in a bitcoin casino, you will need to get a bitcoin wallet, mint bitcoins and anonymously play online at any of the best bitcoin casinos in the world. 

  1. Mitigating risks

Some people believe that online casino gambling is riskier than normal casinos. This is not true.One fun selection may be judi online. 

If you identify reputable casinos online, you will enjoy and maybe win on your bets. It is important to identify genuine casinos that offer genuine gambling chances. Though in most cases, casinos have an edge in betting, some casinos play by the rules and in such cases, your chances of winning are very high. There are various casino player forums online that can help you get some tips on gambling. You may learn a few things that may help you avoid the risks involved in gambling. Through social media and networking, you can also learn additional tips on online on risk mitigation.  

 

What Does the Post-PASPA Gambling Landscape Hold for the United States?

2021-22 NFL Computer Predictions and Rankings Gambling Sports Betting  united states paspa landscape how to get into sport betting gambling

In May of 2018, the US Supreme Court overturned the earlier PASPA ruling that had effectively outlawed any form of sports betting in the country. While there had been some notable exceptions, mostly in illegal form, it was clear that the United States was entering a new era,

As we head towards the end of the year, it’s a good opportunity to reflect on the decision and to assess the pros and cons of legal sports gambling across America.

Early Adopters

It’s fair to say that the PASPA ruling has led to a trickle of developments as opposed to a flood. When America got the go ahead on sports betting, some of the biggest names in the industry made an early move and we saw some gambling floors built in established Las Vegas casinos.

Betting operations also moved to the racetrack and some early sports sponsorship deals were struck between operators and clubs across America. A high profile merger also took place between a well known brand and a US Daily Fantasy Sports (DFS) site so there were some early movements in the wake of the decision. To date, only a few states have adopted sports betting and the forecast for growth remains steady rather than spectacular.

A report in November 2018 claimed that in two years, the number of American states allowing sports betting would grow to 24 but is this a good move or are there concerns about the developing situation?

Building the Coffers

One of the clear benefits of introducing sports betting would be the additional revenue that each individual state stands to earn. Back in August of 2018, a report carried out by Oxford University suggested that the industry could provide a $14 billion boost to the US GDP on an annual basis and the performance of the gambling sector in other countries indicates that this is no wild claim.

Over in the UK, reports show that the gambling industry there brings in close to £14 billion annually so, in a country as vast and as populous as the United States, there must be scope to hit the $14 billion mark.

Keeping it Clean

Legalised betting will also help to bring the practise out of the underground and away from the world of criminal activities. The US has its own problems and in other countries where sports betting is outlawed, the criminals find a way to carry on regardless.

Elsewhere, the PASPA ruling has also opened the door for official sports sponsorship and some brands have been quick to adopt this. The NBA and NHL have been lining up betting partners while soccer side the Las Vegas Lights secured a high profile sponsor to bring much needed funds into the club.

The Potential Downsides

When the announcement from the US Supreme Court was made in May, there were some dissenting voices and that’s to be expected. Among the concerns was the issue of gambling addiction which can be evident in other countries while some sports governing bodies felt that legalised sports betting could usher in the spectre of match fixing.

A further concern may be brought to life as the situation develops: As individual states in the US choose to adopt sports betting, there is a school of thought suggesting that those that delay or refuse to allow the practise may see a rise in illegal activities.

There are some points to consider but on the whole, the outlook for sports betting in the United States is a positive one and it will be fascinating to see the situation develop through 2019 and beyond.