The year 2019 saw a growth of $500 billion for casinos all around the globe. The so-called gambling industry is flourishing. The 2020 has been a strange year for all of us but the online casinos are doing as good as any industry out there. In other words, a very difficult year for every industry out there but the online gambling still has been a light at the end of a tunnel which is pretty much paralysed by a strange virus named Covid-19. On a global perspective the online gambling sites contributes nearly 10% to the whole gambling industry.
Why this Surge in the Global winds of the Gambling Industry?
The Revision of the Laws
The past two years has been exceptional for the online casino industry. The number of sites has increased to millions and the quality and the safety of the sites has gone on a different level. This eventually has resulted in very favourable conditions for the online casino industry to thrive. A lot of laws have been amended in recent years and more relaxations are expected in coming months as the online casino industry continues to gain the trust of the legislators. The traditional opinion about the online gambling is changing and the industry is making more friends than the enemies. The recent judgements by the courts are also a positive insight for the online gambling industry which has created a very positive environment for online gambling in the USA.
The Internet Era and its contribution
The coming years are supposed be a booming era for the internet as 5G is supposed to make its mark. While, it is true that the 4G speed is enough for the mobile casino gaming but better the speed, more are the chances of improvements. The new internet speeds have been a massive boom for the casino industries as they have led to better security optimizations and much more improved payment gateways. The security gets better with better internet speeds and the management becomes much more efficient and faster. It also enables the servers to give real time updates and for us it makes the gambling such a smooth experience. The recent years have seen such a boom in the technology sector and it has had an amazingly positive effect on the marketing patterns and on the marketing patterns.