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The Constant Rise Of The Online Gambling Market Throughout The World

Date: Friday, June 7, 2019 10:26 AM EST

Dice, Luck, Hand, Chance, Gamble, Risk, Gambling, Roll

Experts all over the world have done their research, studied the markets and come to the conclusion that online gambling marketplace is one of the fastest growing business areas throughout the world.

Today, you can easily play online slots or place bets on your favorite sport using your mobile device, and also indulge in live dealer games in real casino environments, without being actually there. Various credible platforms like Online Casinos Canada have emerged which offer the best online casino ratings, thus helping players to pick the right platforms based on their requirements. Let’s learn a bit more about this phenomenon and what precautions you should take as a player.

The growth so far

The online gambling market’s growth is directly related to the laws and regulations in the respective countries. If we talk about the global revenues, this industry has witnessed a growth from US$ 20.5 billion to an impressive US$ 52 billion within a time span of 9 years. The projections are that it will reach $ 73.45 billion by 2024.

This growth is being primarily attributed to the new regulations in various nations and technological advancements happening in this space. In addition, the growing penetration of tablets and smart phones, allowing for easy access to the online platforms, will drive the future market.

Expectations from the future online games

The future potential of the online casino games suggests that we’ll see phenomenally more number of games and options available for the mobile devices in particular. The mobile casino industry will witness continuous growth and offer the maximum number of new games and applications, enabling people to enjoy their favourite games to the fullest, on the move.

People’s interest in online games will also grow in the times to come, powering the industry and causing further improvements and enhancements.

Play, Card Game, Poker, Poker Chips, Chips, Cards

Women are becoming a force to reckon with

Another very important factor which is fuelling the growth in online gambling is the constant increase in female online gamblers. A study carried out on the UK market revealed that in 2015, the women gambling in the country were only marginally short of 50% of all the users. Many other studies have revealed that women prefer gambling in private spaces, and are more than keen to gamble using mobile devices.

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