Gambling has been a huge topic of conversation in 2020 and 2021. With calls for banning the promotion of gambling websites and online casinos, more conversations opening up around gambling addictions and the public calling for tighter regulations, it’s easy to see gambling as a dying industry and think that investing in online casinos would be a mistake at the moment, but that’s not the case at all.
US Sports Betting Law Review
One of the biggest reasons for investing in online casinos is the recent law change in the USA. The federal ban on sports betting was officially lifted in 2018, and since then more than 20 states have legalised sports betting. This has seen a huge surge in the amount of bookmakers advertising in America, as well as a number of partnerships with prominent teams. Because of this, sports betting has actually grown a lot and doesn’t look like it’s going to slow down any time soon. Despite not all states legalising sports betting yet, it’s still a great investment opportunity.
Despite recent campaigns calling for a ban in advertising online casinos, the gambling industry has actually shown huge revenue growth. A report by Finance Monthly, the online gambling industry is projected to grow to $90 billion in revenue. With multiple lockdowns throughout 2020 and 2021, millions of people were bored at home with nothing to do and nowhere else to spend their money, many people turned to online casinos for some entertainment. Despite the world generally starting to open back up, a lot of the people that started gambling in lockdown are still enjoying it and it’s formed part of their relaxation routine, so revenue has continued to skyrocket.
Online betting has seen a huge increase in popularity in recent years, and if you’re looking for an investment opportunity you may feel like the ship has sailed on the more profitable companies. However, as gambling has continued to grow and the online world has become more integrated with our lives, there has been a rise in the number of new online casinos launching, and in particular, there have been more niche sites opening their virtual doors which represents a unique investment opportunity.
In the last few years, cryptocurrency has become more mainstream and its rise in popularity has seen a rise in businesses following the trend. A big issue with online gambling is that, at least in the UK, it links back to your bank and personal details. Gambling companies sometimes run credit checks and even if they don’t, the sight of a transaction from a gambling company is enough to put off any lender, meaning you could be denied a mortgage. Because of this, crypto casinos have seen a huge surge in popularity. Cryptocurrency isn’t tied to your identity, meaning you can sign up anonymously and not be penalised for enjoying the occasional gambling session. If you’re looking for somewhere to invest, a crypto casino might present the perfect opportunity.
In general, the industry says it is thriving, with many online casinos seeing growth across the board with the number of users they have and the amount of revenue they are generating. There is no doubt that innovating technology is having a big impact on the growth of things like online casinos as people now have instant access to any entertainment sites they like & online casinos are certainly no exception. Smartphones, tablets and other mobile devices are allowing users to easily pick what they play online and when they play it. According to TopRatedCasinos what is on offer by casinos has a big effect too – with many casinos needing to adapt to offering things like Bitcoin Currency and a larger variety than ever of games. Of course, any business will strive to meet customer demand and that is why they’re looking to offer a bigger and better gaming experience for their users.
Despite the UK’s recent talks of reforming gambling laws, there are many countries that are relaxing their laws meaning that there’s always likely to be a big market for online casinos. On top of this, online gambling is always one step ahead. In such a big industry there is a lot of money to be made, meaning that there’s a big incentive for online casinos to innovate and develop their technologies, not just to entice new players and welcome back existing customers, but also to find ways to work around the ever-changing regulations.
Over the years online casinos have expanded massively, with sportsbooks offering casino games on the same website to entice customers to spend their money in multiple different ways. The areas of sport where you can bet are also expanding – Formula One has recently scrapped the ban on betting, enticing a whole new customer base to online casinos.
As with any investment you choose to make, you should always do your research and make an informed decision. No one can guarantee that any investment will rise and as such, you should always make sure you only invest what you can afford to lose. While it’s easy to consider that online gambling is on the decline and would make a bad investment, there are so many reasons why this isn’t the case. The gambling industry in general is one that is growing and seems to show no signs of slowing down. With sports betting sponsorships also changing, this could mean big things for the online gambling industry in general and as such those that feel that they may wish to invest in the future should make sure that they carry out all of their research now – that way when the time comes that they are in a position to invest they’ll be in the best possible place to make a decision.