The online gambling market will reach $1 trillion by 2022
Lately, a British research centre Juniper Research published a report on the current gambling market volume and its future. Slotegrator experts studied the provided data and singled out the most important tendencies of the further industry development.
The report states that the total amount of bets in online gambling will reach $1 trillion on a worldwide scale by 2022.
Already this year, according to forecasts, this figure will reach $700 billion compared to the record amount of $620 billion in 2017. Many famous gaming companies such as Mr Green online casino and William Hill bookmaker state that they plan to exceed the expected profit as of year-end 2017.
The experts believe that significant growth will happen due to the further development of Internet technologies and the increasing use of innovative digital products. In addition, legislative regulation will also make a positive impact.
Read also: The main trends of hte online casino in 2018
Moreover, it is said in the report that the number of gamblers will double by 2022, reaching 684 million people.
Researchers point out that technologies based around social media will greatly influence the audience gain – chats and instant messengers are able to simplify the access to gambling sites and to provide advanced support 24/7.
Slotegrator has long claimed that the instant messaging technology is the future of gambling. Back in 2017, the company brought to market its new development – Telegram Casino.
According to the report, another factor that will seriously affect the increase in the number of online gamblers is the popularity of Live Casino. This is the newest branch of online gambling based on VR technology that immerses people in the gaming process as high as possible.
According to research, millions of Internet users can potentially become Live Casino players, which gives reason for greater optimism.
Juniper Research separates the USA market due to its potential for immense growth of the gambling market. A number of states in the USA are currently working on the online gambling legalization. Researchers provide the positive example of Pennsylvania that has already passed relevant legislative amendments and thus opened the American market to online casino operators.
Naturally, the growth will be uneven. For instance, legislators of such countries as Spain and Australia have tightened some of the laws on gambling. Still, the technologies and innovations are the key factors in the industry development.
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