We are living in the age of online gambling. Gone are the days of frequenting brick-and-mortar casinos to play your favorite slots or table games. The same is true for visiting physical high-street betting chains to place bets on sports.
In our previous article “The Best Countries to Operate iGaming Businesses”, we looked at some of the most booming iGaming markets in “the West”.
Gambling is a world-wide phenomenon dating back thousands of years. Traces of gambling have been found in early civilizations from all four corners of the world, and it seems there is something intrinsic about gambling.
Sometimes, the thrill of gambling is just irresistible. Whether you are a strategic genius or testing out your pure luck, the thought of becoming a multi-dollar millionaire is very heart-fluttering.
The gambling industry has evolved from brick-and-mortar casinos to online platforms that can be kept in a pocket (i.e. mobile gambling). The market volume of the global online gambling industry is forecasted to reach €48.7 billion ($55 billion) in 2019, that’s more than twice the figure in 2011.
Online casinos are popping up like mushrooms nowadays, and the competition is nothing less than fierce. The market growth of the iGaming industry is expected to reach $55 billion in 2019, and the pace will go higher year after year.