Where will Online Gambling be 20 Years from Now?

The online gambling market is growing rapidly and turning heads on Wall Street, Silicon Valley and London’s “The City.” Part of it is because there’s a growing belief that online casinos and sportsbook could be the next Google or Tesla for investors.

But does the industry have a large enough market? Analysts believe so and are confident the sector’s outlook twenty years from now will be grossly huge. What will drive this growth? What are the indicators that online gambling will be massive and not a thing of the past?

History

History is often an excellent indicator of how industries will perform in the future. Precisely, analysts are comparing stocks drops and gains due to COVID-19 against their performance after 911 and World War II.

In the online casino space, history shows the gambling market has been growing steadily for the past twenty years. It’s been increasing with increased legalization, improving technology and more acceptance from players.

Likewise, it’s fair to say online gambling will follow a similar path in the next two decades. Here’s why. Legalization is a bigger trend in 2020 than it was when Britain authorized the sector in 2005.

What’s more, technology keeps growing, which helps developers and casinos deliver higher quality gaming experiences. With that in mind, the only threat to the growth of online casinos is over-regulation.

Some casino experts fear many governments are legalizing online gambling but over-regulating it. An example is the UK increasing taxes, lowering betting limits, killing credit card payments and fining operators constantly. The is that investors could stop supporting gaming websites, which will lead to poor services.

Mobile Gaming

Mobile gaming is no longer a privilege for the few wealthy. It’s the future of gaming for everyone and a significant reason why online gambling is mushrooming globally. The thing is, smartphones and iPads are just easier to use.

As such, people that want to play slots can quickly do so conveniently. That’s unlike using a desktop where you must find an ideal place to use it. Mobile devices let you play anywhere and at any time.

 The best part is that it’s cheap and more practical for a wider demographics of people. Unlike laptops, which can be expensive, smartphones cost as little as $50. That makes them pretty affordable in all countries, helping drive growth for online gambling worldwide.

Better Games Every Year

Contrary to popular belief, legalization isn’t the only reason people are adopting online casinos. People also like play slots online because the Internet features more refined games than Las Vegas. 

Think about it. There are plenty of new slots in 2020. The best online games feature realistic 3D graphics. They have high payout rates developed storylines. In contrast, only a handful of games from brick and mortar casinos are exciting.

What games will you play? Most people choose online slots. After all, the reason people play slots is to have a wonderful time and to win money. And that’s what the best online machines provide.

Against that backdrop, the technology that runs online slots is projected to continue improving in the next twenty years. Essentially, graphics will become more immersive. The music will be polished and mechanics seamless. And that will only drive the demand for online gambling further.

Fierce Competition

Stocks trading advisor the Fool says fierce competition will be a major reason why investors will avoid to invest in online casinos for the long term. The magazine believes it will be impossible for a handful of gambling businesses to control the online market for long.

The fool could be correct or wrong. But one thing is clear—competition will help drive growth for online gambling. Take Norway as an example. The country depends has only one online casino. And for that reason, Norwegians are always seeking better alternatives overseas.

In contrast, check out the UK’s remote gaming market. It’s full of competing businesses, some of which are dominant throughout the world. These companies became huge by continuously improving their services. 

In other words, competition drives change in the casino scene. It’s the reason instant play and mobile websites have replaced downloadable software and native apps. It’s also why some trusted operators are so successful while fraudulent companies don’t last long.

Growing Global Support

For many years, online gambling was a vice in the eyes of governments, banks, investors and the general public. It was something that belonged to the black market and supporting it was akin to supporting crime.

Not anymore. These days, online gambling gets more support than marijuana and alternative medicine. Government authorities believe it’s a good source of revenue. Investors think it’s great for making money while banks no longer have problems with it.

More importantly, Internet users now treat online gambling the way they any other source of entertainment. Sure, it comes with the risk of losing money. But it’s a spectacular pastime for both introverts and extroverts.

That said, Erik King’s other site features an extensive list of top-rated online casinos licensed by the UKGC. Most of them are trusted operators that also welcome newcomers with generous bonuses. All you need is to compare a few of them to discover the best website for you.

Lucrative Payouts

News flash: most people play casino games to win money. And as long as casinos are willing to payout, they will continue to play. Some people play slots and jackpots to win life-changing sums of money. 

And indeed, jackpots are some of the most profitable casino games. At least twenty people have won above $10 million, with a lucky British ex-soldier holding the record for the biggest win at $21 million.

People who dislike slots choose blackjack and poker for one valid reason. You can use skills and strategies to increase your chances of winning. Slots are purely luck-based, so there’s little you can do to better your winning odds.

Interestingly, blackjack, poker and baccarat can also be as profitable as slots. But that’s mostly at high-stakes games and tournaments. Otherwise, they don’t pay as much as a top-rated progressive jackpot.

 

Relevant news