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Online Casino Games Will Grow An Amazing $100B

Like every hungry behemoth, the gambling industry has an insatiable appetite for new business and the only way to satisfy this craving is by entering new marketplaces. Ten years ago new technology bought in the players. Right now, the US is all but used up. So the industry is looking to Europe for growth over the next few years. Once that continent has been laid to waste or sucked dry, they are pinning their hopes on the Chinese playing Western online casino games, as well as India and Africa.

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Online Casino Games Will Grow By $100B By 2026

Thanks to a new report from GlobeNewswire, we can see that the current earnings for online casino games put them on track to reach a market value of $100 billion by the Year 2026. Of the combined casino marketplaces around the world, it appears that Europe will play the largest part in this new market growth, though it presently accounts for 52% of overall worldwide gambling income. The next marketplace to play an important role in boosting income will be the Asia-Pacific markets and they are expected to see considerable growth.

One continent that will provide more than previously in Africa, which is expected to play a key part in this increase as betting companies penetrate and increase their grip on this relatively untapped marketplace.

Leading to the Current Market in Online Casino Games

In 2020, the whole gambling market based around casinos was valued at around $58.6 billion. But the last decade has been an interesting one from a gambling point of view, and it saw gambling go from a niche interest into the huge mainstream industry we see today. Remember that the first online casino games appeared around 1996 when dial-up internet was still a thing. You can probably remember the strange but distinctive noise of the modem, and how crude the websites and games were when compared to modern standards. Back in the day, everything relied on Macromedia flash to deliver the rather clunky gaming experience when you visited casinos to win the jackpot.

Better Internet for Online Casino Games

Thanks to a massive increase in internet speeds and also computer power, we saw online casinos gradually transform themselves into offering the products they are able to offer today. Around the new Millennium, we found that online casino games were becoming more and more similar to their brick-and-mortar brethren. We also found many of the games could offer a better experience than the real casino, with more people taking up gambling using the PC rather than taking a trip to the land-based casino. As the number of gambling sites and jackpot games increased, a mass market formed around this industry, which helped create an era of accelerated growth.

Online Casino Games Can Thank The iPhone

It’s hard to underestimate exactly how great an effect the new iPhone, which arrived in 2007, had on the whole gambling industry. It marked the beginnings of handheld gaming which again saw a massive increase in demand for casino games to be played on portable devices. Being able to play on the phone was a turning point in the industry, and with instant access and a huge range of titles readily available, it was no surprise that the whole online casino industry saw such explosive growth. We saw sites like Casinoin.io which has a huge number of games.

The vast majority of mobile casinos today operate using HTML5, which is a much more flexible and diverse form of flash. Where once the PC was King for gambling, now it’s the laptops, tablets, and in particular mobile phones, that dominate the marketplace, where accessibility and practicality are now King. Mobile has also allowed any number of new jackpot winning strategies to surface.

Future Probabilities For Online Casino Games

With things now up to speed when it comes to online internet gambling, the industry is hungrily looking into other areas for expansion. The general thinking is that profits lie in the better and more aggressive penetration of underutilised marketplaces. Right now, that includes most of Asia, especially the Chinese market, which has the largest population on the planet and is rapidly expanding internet access for everybody across the country. In the last year, more than 80 million additional gamblers went online from within the borders of China.

Online Casino Games In India

Another source for potential growth in the Indian subcontinent saw the growth in internet access to the tune of 128 million people more, during the period of but a single year, 2019 to 2020. Though Africa is pretty much always on the back burner when it comes to following any western trends, gambling companies are looking over the continent and licking their chops, as they see great possibilities for expansion. When African and Chinese players can be brought on board and can be convinced to gamble at Western sites to win the jackpot online, then the industry will see nothing but positive growth.

Online Casino Games Have A Bright Future

Of course, things can’t go on expanding upwards indefinitely, though, in truth, it appears that the saturation point is still a long way off thanks to the number of developing countries waiting to be exploited. We see the market remaining in its present form up until at least 2030. Though during this period, we expect to see sudden increases in new technology, cryptocurrencies, and maybe the use of VR, these factors in themselves will not bring new customers to the table. What happens after this point remains to be seen. In the meanwhile, head over to Casinoin.io, where there’ a massive welcome bonus of 100% up to €200, plus 60 free spins, waiting for all new players.