Not many people expected the online gambling industry to achieve the success that it has, but the industry has proved all naysayers wrong. This is in fact one of the most rapidly growing industries in the world today, and it encompasses a large number of countries. Surprisingly, online betting is also popular in countries where it is supposed to have been banned (the United States is case in point). People visit gambling sites in order to play games such as Tiki Island slots because this is a great way to win money from very small wagers and also to have a great deal of entertainment in the process.
Any one interested in learning about the current state of online gambling would do well to check out Statista, the Statistics portal. The figures released by this site are always very interesting because they contain data from a great many sources.
According to the data available on Statista, gross wins from online gambling globally were €20.01 billion in 2010. This figure includes revenues across a number of verticals including bingo, casino games, poker and sports betting. The online sports betting market was expected to swell to €28 billion in 2015.
While internet based gambling no doubt grew at a very fast pace, it still hasn’t been able to touch the levels achieved by land based gambling. The land based gambling industry was expected to net $317 billion by 2015. Needless to say, the largest chunk of this revenue was contributed by casinos in the United States. The gambling industry also makes immense contributions to various economies. For instance, the US economy gained $240 billion from this industry which also directly employs more than 700000 people.
The online gambling industry is a very important one because it has the ability to rejuvenate any economy from which it operates. This seemingly simple industry is actually very complex and it provides employment to large numbers of people from the marketing, legal, technical, financial and creative fields. The industry also generates substantial volumes of taxes which can be put to great use to help balance the budget.
Mobile gaming is the latest trend in the online gambling industry and it is very clear that it is here to stay. Many reliable studies have indicated that people are increasingly keen to abandon their PCs and laptops in favour of their smart phones. After all, the latest generation of phones is extremely sophisticated. The shift to mobile gaming has made this industry very popular with punters since it permits players to have their favourite entertainment at their fingertips. Besides, the latest mobile devices are very large and sophisticated, and this ensures that players can have a very enjoyable immersive experience.
The gambling industry needs to keep on introducing new technologies and techniques because this is what will ensure that customers keep coming back for more. A great deal of emphasis is also given to online security because companies require their customers to entrust them with personal and financial data.Read More