Foreword｜Do888
When it comes to rapid growth, not many industries can compete with online casinos. In just 20 years, the world of online gambling has gone from a niche market to one of the biggest businesses on the web.
How big is the growth rate?｜Do888
Online casinos account for a large portion of online revenues – and that number is growing exponentially. Back in the early days of online casinos in the late 90s, the industry was only worth a few tens of thousands of dollars.
Fast-forward to 2008, and things were completely different, with thousands of online casinos raking in nearly $9 billion in combined revenue. But from there, it only gets bigger. Revenue more than doubled to $28 billion in just four years. The sheer size of online gambling worldwide is also an impressive statistic. Online casinos are now available to players from almost every corner of the globe. There are sites available in almost every language, and hundreds of different payment processors offer dozens of currencies for different types of players.
What is driving this growth?｜Do888
The sheer size of today’s online gambling industry boils down to one thing: people love to gamble. Online casinos just make getting into the action a lot easier. For example, in the early days of online gambling, the only way to get into the game was to download casino software onto your computer. Most sites have a limited selection of games, and since the web is still in its infancy, the potential market is limited.
Today, you don’t have to be in front of a computer to play, and online casino revenues have skyrocketed.
As we enter the 21st century, computers rapidly become more user-friendly. More and more people are going online and talking to their friends about their latest good fortune on their favorite websites. Casinos started advertising around the globe. Some casinos have even started offering Flash-based versions that require no download. By the late 2000s, the industry was worth billions of dollars.
But with the rise of the smartphone, that boom got even bigger. Game developers and online casinos immediately adopted the new HTML5 technology, allowing players to use their products on any device. Today, you don’t have to be in front of a computer to play, and online casino revenues have skyrocketed.
What’s next?｜Do888
All signs point to one thing: more growth. Europe, in particular, has seen huge gains in its online gambling industry, aided by smart marketing campaigns and more governments offering improved services.
Over the next two years, players in the US will inevitably see more legal options. Regulated casinos in Delaware, New Jersey and Nevada have already attracted hundreds of millions of dollars, and states looking to raise taxes may also form compacts to offer gaming to residents.
Taken together, industry analysts expect the online gambling industry to generate more than $40 billion in annual revenue by the end of 2017.
