What spheres of the economy will develop most actively in the next 3-5 years? What should fans of the real business market invest in? Today we will talk about the gambling business. We will tell you about the development prospects of the world market, and how realistic the final legalization of offline and online casinos is. So, let’s begin!
$600 Billion Market
The review of the global gambling market inspires: according to experts, its volume can reach $600 billion, while $10-20 billion is occupied by online casinos known as iGaming institutions. Why is it important to focus on the virtual part of the gambling business? In most countries, the legalization of gambling websites that allow players to try their luck daily and nightly is much easier than legalizing real casinos with poker and roulette tables.
It is noteworthy that in the context of quarantine restrictions in many countries, the online casino and bookmaker industry has gained impressive growth. Even before the start of the pandemic, sites like Top Casino NZ for real money grew on average by 1-2% per year, and due to the massive popularization of everything related to going online, the share of virtual gambling business reached 11%.
Britain and Australia — for Online
The United States is considered a logical candidate for the title of the most promising market. There was a revival in 2018 when the Federal Supreme Court cancelled some federal restrictions on the gambling business. However, the industry has been functioning for many decades, and Europe and Australia are among the obvious leaders at the moment.
The UK stands out from other countries — the online gambling market is most clearly regulated here. In other parts of Europe — for example, in Spain and Italy — casinos are considered legal, but in Germany, despite the technical ban, there are quite numerous actively operating and even tax-paying companies. The situation is similar in Asia and South America.
Is the United States Among the Leaders?
Although the legalization of gambling business in many American states is still at the stage of discussion, the country is naturally a kind of benchmark for the rest of the market. Here’s what makes America stand out:
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* huge capitals appear at the disposal of new companies;
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* high level and pace of technological progress;
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* the ability to quickly test various strategies and approaches to regulating the industry in the territories of different states;
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* historically, the existence of different types of casinos is acceptable and even usual.
That is why the processes that will take place in the US gambling business in the next 5-10 will, quite predictably, become defining for the rest of the world. The most mature markets are New Jersey and Pennsylvania. In 2018, they were the first of six states to legalize some form of sports betting. Today these states are showing excellent development pace, clearly stimulating investors’ interest. The main reason is the obvious trend towards the migration of industry representatives from the “grey zone”, which opens up incredible growth prospects.
In Conclusion
Probably, by 2022, gambling enthusiasts will raise the market volume to $1 trillion a year. You can make a profit here even without playing poker or betting on roulette! In the context of widespread digitalization and the transition to online, it seems logical to invest in companies with active online ambitions. However, the real sector also has decent growth potential, although it is necessary to take into account the burden of regulatory nuances and the possible volatility of the legislative environment.
