Online gambling Industry will boom by 3.1 billion by 2023
There is a growing boom of more and more online casino sites. This is large because it is a win-win for everyone involved.
Today we’ll tell you a bit about the trends and projections of the online gambling and gaming market. We’ll be looking at what has made it grow, how it’s going to behave over the next few years, and give you some tips on how you can ride the wave.
But before we get into the subject, we would like to make a recommendation. And that is to visit the casinos and sportsbooks that we will leave you in a table in this article.
They are all excellent options for Indian players. They are legal, safe, trustworthy, accept Indian rupees, and their services in both casino games and sports betting are among the best.
Why is the gambling industry growing so fast?
It is no secret that every day there are more and more casinos and that more and more users are encouraged to play.
This upward trend is largely due to a variety of factors:
First: the digitalization of the world.
Not only due to the constant leaps and bounds taken by technological progress but also because of the convenience of being able to access from anywhere and at any time.
In fact, the betting sites we recommend have both native apps for mobile devices and responsive websites.
Second: the pandemic
Believe it or not, the lockdown due to the current COVID-19 pandemic has led many people to turn to online casinos and bookmakers to satisfy their needs.
Some have done so to relieve the stress of being cooped up 24 hours a day at home. Others, still, have turned to it as a source of income after losing their jobs.
So, they have taken it as a kind of financial haven, where they can not only try to win money but also have fun without leaving home and risk catching the virus.
That, without counting that you can register at online casinos and claim sign-up bonuses without any problem.
And third: it’s a lucrative business
Whether you go in as a bettor, or invest big and find out everything you need to know to set up your own online casino and gambling site, it has been statistically proven to be one of the most lucrative businesses to date.
Despite the confinement and the fact that many companies have gone bankrupt, the online gambling industry has seen explosive and steady growth that has encouraged scholars to study the background behind online gambling.
For example, studies conducted throughout 2020 have captured that there was an increase of more than 51% of new users to online gambling sites, and that of this percentage, more than 40% invested and made significant profits in sports betting and gaming.
On the other hand, it should be noted that regulations in this area are progressing very slowly around the world. Many countries have not yet regulated online gambling, which opens the door for players from certain countries to enjoy international casinos.
Although some seem to be against it, the sustained growth of the industry over the last few years is only an indication that it will continue to grow in the years to come.
In fact, in Europe, between 2020 and so far in 2022, the industry has reported a revenue of 30.92 billion US dollars. While in Asian countries, the figure rises to 2.9 billion annually.
So, for the period 2022-2023, the figure is expected to increase by at least 47%. And that is taking into account factors such as future restrictions, the lifting of pandemic restrictions, and even migration to other technological activities. So that percentage could be even higher.
Is it worth registering with an online gambling site in 2022?
The answer is simple: ABSOLUTELY, YES!
But to find trusted Indian casinos can be a challenge. In particular because of the lack of a clear and specific overview of online gambling regulations in India.
But that’s where we come in. We have a whole team of expert players evaluating every single option on the market. And they focus on evaluating aspects such as:
- Licensing and security.
- Payment methods and supported currencies.
- Language availability.
- Multi-platform services. That it is not only a responsive website but that it also has native apps.
- Available language. Both for customer service and for the presentation of the online site.
- Customer service.
- Speed of deposits and withdrawals.
- Catalog of services. From casino games and live casino to sports betting market, sporting events, sports, and odds.
- Bonuses, promotions, offers, and the quality of each of them.
- And various other factors.
It is thanks to their hard work that we are able to provide you with the most comprehensive and up-to-date reviews of worldwide casinos.
Now that you know that online gambling sites are not going away anytime soon, it’s up to you to make the decision whether to join the wave and take advantage of what they have to offer or let it pass you by.
And, in case you decide to benefit from all that an online bookmaker has to offer, we invite you to browse through our blog.
Here you will find information relevant to the subject that will help you take your first steps. You will get to know excellent casinos and also, you will learn how you can play at online casinos from India.