How much did the iGaming Industry make last year?

The iGaming industry is booming. The pandemic certainly had an impact on the way that people consumed games. Stuck at home for most of 2020, they sometimes had nothing much to do but play.

The iGaming business has made a total profit worldwide between $100 and $150 billion in 2020. It is hard to give a precise estimation since this industry is scattered worldwide and comes from many sources. 

Today, iGaming comprises many live video games such as roulette, poker or blackjack, sports betting, and virtual slots. It employs millions of live dealers who work from studios worldwide, in places such as Malta, Costa Rica, or Latvia.

Mobility also has a lot to do with that success. The opportunity to play online slots in Canada and bet on sports on your smartphone has never been as big as it is now. With a good internet connection, you can play poker, bet on sports, or play slots pretty much anywhere. Online slots in Canada offer you an immersive game experience that you can check out on Casumo.com.

 

Rising markets and opportunities

After being banned for decades, sports betting and virtual slots are now readily available in the United States. It has opened a market for millions of new players. With brick and mortar casinos being allowed to operate virtual casinos within Michigan, Pennsylvania, West Virginia, opportunities to find new markets are rising.

The iGaming industry has a few leaders amongst them that shape the future of this business. Aristocrat recently bought Playtech Plc, raising more than $1.3 billion in shares. The casino software developer is expected to have a lot of success in the year 2022.

 

Crypto-currencies are on the rise too.

While bitcoin was a very confidential thing circa 2013, crypto-currencies are now everywhere. There were only a few casinos accepting bitcoin and ethereum a few years ago. Now, it’s becoming more common, and this decentralized way of spending money is excellent news for the gaming industry. Thousands of casinos now accept these currencies, and this number will keep on rising.

The concept of “provably fair” is still relatively new, and it’s a way to prove the equity of a game using calculation within the blockchain. Every time a wheel is spun or dice are thrown, the computer calculates probabilities in real-time, so players know that games aren’t rigged.

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