How Did the Online Casino Industry Do in 2021
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2021 served as a bounceback year for industries that suffered catastrophic fates during the 2020 global pandemic. Some digital industries managed to grow in massive capacities. One example of such industries is the online gambling market. Traditional land-based casinos closed themselves off to patrons in an effort to promote quarantine and social distancing protocols. This is because many traditional gamblers transitioned to playing online.
The growth of the online gambling industry in 2021 was due to the improvement of internet infrastructure and the accessibility of mobile devices. Cryptocurrency and blockchain technology are also contributing to its popularity. The market is expected to grow to $160 billion US dollars by 2026. The competition between key players in the field is also increasing. Some of them are getting more aggressive in terms of expanding their digital domains. Many countries are starting to ease up on their online casino restrictions. They allow citizens to access offshore casino sites to play their favorite games. It's the appeal of gambling online that comes with being able to be anonymous.
