The advent of the internet has brought about an exponential revolution. Combined with innovations like smart phones, it has become easier for people to browse the internet. The introduction of applications for mobile prompted companies to modify their websites, as well. Thus, the mobile version of websites came into the light. In the wake of these events, the gambling industry has shown tremendous growth, as well. More precisely, online casinos.
The online gambling industry is expected to hit the mark of over $90 billion by the year 2024. Around 26% of people in the world are gamblers, with over 4.5 billion gambling at least once a year. While North America shows the most promise in the field, Australia remains at the top with the average person spending over $900 gambling. Legalization of gambling Singapore has also brought a new surge of gamblers on the digital platform. With the wide availability of digital connectivity, countries like India have also become a new market for gambling. When speaking about India, this is the country currently in the spotlight of the multi-billion industry of online casino. With India being one of the largest countries in the world and its digitalization over the past decade, the people gambling online in India has skyrocketed hence all eyes are on India, with big online gambling conferences, such as ICE London 2020, directing their focus towards exactly this market.
Betting is still the prominent indulgence
In the world of gambling, betting remains at the top as the dominant form of gambling. People love to bet on various sporting events, whether it be football, hockey, cricket, or racing. There seems to be no end to the availability of this leisure. Furthermore, with the digital platform, companies have invested in introducing online Sportsbook for people around the globe.
These betting sites offer interactive features for users. Better odds than the bookkeeper are being offered. More statistics and information with predictions are presented to the users. Almost all forms of betting from the traditional to handicap are available online. Furthermore, after the legalization of sports betting in the USA in 2018, online gambling companies are expanding the option.
The convenience of online connectivity
The primary reason for online gambling to flourish is the ease of connectivity. Anyone can connect to the online platform. There is no restriction of timing or location anymore. More importantly, these sites offer a wide range of availability. You can play your favorite games, like casinos, slots, poker, and many more. Similarly, sports from different countries and an option to bet on them is also available.
Socializing and connecting with new people is also easier. You can make friends and gambling buddies from across the globe. All of these factors make online casinos the most enticing activity to indulge in. It mixes the aspects of online gaming, social media factors, and indulges your gambling needs. What more than one ask for? Due to its ease, the number of female gamblers has also increased. Over 40% of gamblers in the UK alone are gamblers due to safety measures.
Fairplay and high security
Significantly, the online casinos are much safer than the physical, off-line casinos. There isn’t any risk of fights breaking out. Crimes like looting and mugging are also eliminated. More importantly, the mechanism of online casinos follows algorithms. Therefore, they are purely dependant on your luck. Hence, you can enjoy gambling without any fear of cheating. Due to their robust and up-to-date security, they also terminate any hacking attempt. The complete security that these websites offer makes them much more alluring for the wide spectrum of audiences.
The future is bright for online Casinos
While some countries struggle with the legalization of online casinos and licensing, it is evident that there is going to be a massive uproar by the end of 2024. Nothing can possibly stop the exceptional growth of online casinos. With additions like slots, card games, and other fun and innovative features, online casinos stand as pioneers in the gambling industries.