Future of gambling: how Baltic countries become an excellent home for online casinos.
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IGaming is one of the fastest-growing entertainment industries in the world. According to the latest estimates, 40% of digital entertainment market belongs to online casinos. Europe is a leading center of online gambling platforms. Baltic countries like Estonia, Lithuania and Latvia are attractive investment destinations.
The Baltic States' economies develop rapidly and the population's average income is relatively high. The majority of residents have enough funds to spend on entertainment. With widespread use of the Internet and mobile devices, the number of online gamblers among Estonians, Latvians and Lithuanians is growing daily.
There are hundreds of licensed online casinos and bookmakers operating in Estonia, Lithuania and Latvia. The laws in these countries provide a favorable legislative framework for online gambling. Investors prefer Estonia and Latvian for registering an online casino. In Lithuania, land-based casinos have operated since 2001 but only in 2020 were they allowed online platforms. Compared with Estonian andLatvia's gambling laws, Lithuanian legislation seems to be stricter.
A gambling license issued by an EU country increases customers’ confidence in an online casino or sportsbook. European justice system is considered one of the most effective and transparent in the world. Baltic countries are an excellent place for new gambling start-ups.
Experts predict that the online casino market capitalization will reach 112 billion dollars by 2025. Baltic countries are the ones to catch the new global trend. Lithuania, Estonia and Latvia will soon be able to compete with Curacao or Malta.
