This is What You're Missing by Not Investing in the Gambling Industry
August 26, 2019 (Investorideas.com Newswire) We're in a time where even more jurisdictions have introduced or are moving towards introducing regulations for the online gambling industry, with the ever-increasing levels of competition making gambling one of the most exciting sectors in the world right now. The gambling statistics and forecasts are truly staggering: enough to make even the shrewdest of investors consider getting in on the action.
Online gambling statistics and forecasts
When comparing findings from October 2017 to September 2018 with April 2017 to March 2018, Gambling Statistics found that the total gross gambling yield of the gambling industry in Great Britain decreased by 0.4 per cent. Despite this, the total gross gambling yield in the country of the remote sector grew by 2.9 per cent to £5.6 billion. Within the remote sector, the online casinos category of slots increased 1.7 per cent to £2 billion.
Online gambling is certainly the space that sees the most innovation due to the incredible levels of competition. Due to this, websites have to continually update their selection of games, keep their website and mobile offerings up-to-date, and offer as many appealing promotions as possible. It's all bringing in the crowds, with the global online gambling market expected to grow from its recorded value of $45.8 billion in 2017 to a massive $94.4 billion by 2024.
Strict regulation from key jurisdictions has been key to the success of online gambling. As it stands, the UK and SW set gambling standards, with their stamps of approval recognised by the gambling public as showing that a website has undergone intense scrutiny and passed.
Many online casinos wear such regulatory bodies as a badge of honour, as shown in the Dunder casino review initially highlighting the website as being safe due to it being licensed and regulated in the UK and Malta. Where once there was a stigma around online gambling, gambling statistics prove that trust and adoption of online gambling have risen significantly under strict regulation.
Competition breeds innovation
All operators know that the first port of call for almost all would-be players is their internet search engine. So, iGaming operators had to get savvy, leading to a huge rise in the gambling affiliation market, with casino comparators and their casino reviews becoming the go-to websites for potential players. Now, players will search for Top UK online casinos and find lists with ratings, detailed information about the offering, and exclusive bonuses to pick up.
Created to make the most of the competition within the gambling industry, the gambling affiliation market has, in fact, enhanced the level of competition as brands must also compete on comparison websites. This leads to them needing to enhance their offering further, bringing in more games, better bonuses, and better customer service.
The cycle of trying to outdo the best in class leads to the whole gambling industry improving, which leads to more players and even more revenue. New regulated jurisdictions will spur the continued growth of the online gambling industry, while the ever-present competition will keep increasing its appeal.
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