Online Gambling Trends: Insights to the Industry Forex Trading

Estimated read time 2 min read

As the world⁣ moves ahead, new markets and industries ‍ are⁢ developing and innovating more than ever⁣ before. One such ⁤sector ⁣is the online ⁤gambling industry, which has grown exponentially in recent years and features many changes in trends forex.​ In this‍ article, we’ll‍ take ‍a deep dive into the⁤ online gambling industry and explore its latest trends. The gambling ‌industry is ‌undergoing a⁢ period of substantial growth. According to‌ a review by Eilers & Krejcik Gaming, the online gambling ‌industry is ​estimated to grow from $42.2 billion in 2018⁢ to $67.3 billion​ by 2022,⁤ representing a‍ compound annual growth rate ‌of 11.5%. This growth is ⁢being supported by greater law liberalization in a number of ⁢markets, the convenience⁣ of ⁢online‌ gaming portals, and‍ the prevalence and​ wide adoption of ‌mobile ​technology.

The report highlights the increases in turnover and operation costs as contributing ⁣factors ‍to the industry’s growth. JD‍ Peterson of Eilers & Krejcik Gaming commented in the report, “Since 2013, the​ industry has ⁤seen a significant rise in operating costs that are outpacing total‍ growth‌ in the​ upward trend⁢ for the entirety of⁢ the ⁣GGR landscape”.

Additionally, sports ‍betting continues to ⁢be a major factor in the ‍industry’s ⁢growth, as​ it is expected to account for more than 87% of the industry’s​ revenue. Brick-and-mortar ⁣casinos are also ⁤expected⁢ to grow, driven by technological developments in gaming ​beds, improved customer service, and higher levels of ‌security. ‌

In the coming years, the industry is expected to​ continue ⁢on this growth trajectory and see a shift towards⁢ remote​ gaming. This will be enabled by the introduction of virtual reality, ⁤improved payment⁤ technologies, and greater regulation. Moreover, the introduction of blockchain ‌technology and cryptocurrencies‌ may also⁤ be a major driving force ⁤in the future ​of⁢ this industry.

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