Global phenomenon of the online gambling industry

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Loading...Global phenomenon of the online gambling industry

“The multibillion-dollar industry has done incredible with its amazing casino games and online platforms for players around the world.”

There is no doubt that the Internet has helped to develop phenomenal rates in certain sectors of the economy in recent years. One such example is the online gambling industry, which now covers the whole world and includes hundreds, if not thousands, of large operators that serve millions of players.

The Internet business model provides great opportunities for online games when, in order to play a slot machine, a couple of clicks are enough and for this you do not need to go to a land-based casino (especially if there is not and never was nearby). Known as the iGaming (or iGambling) industry, it’s now a multi-billion dollar business on the Internet, which is only a little over 10 years old.

Opportunities for everyone

The industry of online gambling can be described as a continuously evolving global phenomenon that covers all legal age and demographic groups and countries. Exciting games are improved, virtual casinos are becoming bigger and better in terms of services and services. Large, recognized brands have their own style and unique set of proposals; in this key is the portals 888 Casino, 21 Dukes and Jackpot City.

There is an uncountable number of excellent online games developed by leading software manufacturers, and these collections are replenished with new and new names every day. Technologies are developing; today the possibilities of modern graphics are simply inconceivable – accordingly, the significance of the entertainment component becomes more obvious.

From 1994 to 2016 and beyond

The emergence of the industry as such began in the distant 1994, when the Antigua and Barbuda region became the first jurisdiction where gambling online games were allowed; closer to the end of the same year there were the first online casinos. The development process was slow at first, so the real boom iGaming spoke only in the middle of zero. In 2008, the profits of virtual casinos were already $ 21 billion.

Since then, the industry has been developing by leaps and bounds, and regulation rules around the world are changing rapidly to meet the demands of players. For example, in Europe, all persons who have reached the legal age can play online games. In the US, where the influence of terrestrial casinos is great, the process of liberalizing the laws regarding the regulation of the online market is just gaining momentum.

According to statistics, in 2018 the industry as a whole “cost” already 41.4 billion dollars.

In the development of mobile technologies and global Internetization, iGaming’s prospects look even more rosy.

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