Online Casino Industry Not Trivial Stats
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The online gambling industry reached a market cap of $66.67 billion in 2020 and is projected to grow to $100 billion by 2026. Online casinos are a vital part of the gambling Industry and have played a pivotal role in its steady growth in recent times.
Online casinos were popular during the pandemic. 64% of global casino players played online casino games during this period.
25% of males and 17% women have gambled online in the past four weeks. Most online casino players are young people aged 18-35. Older gamblers aged 60 and above prefer land-based casinos. In Canada, 70% are between 18 and 39, with 47% aged 20-29, and in Australia, 54% account for 54%, while 45.8% is women.
Smartphones are partly responsible for the rise of the online casino industry. 12% of online gamblers play online games while commuting, 4% play at sporting events and 12%. play while at work.
Macau, the USA, UK, Australia, India, and Canada are the top countries with the highest online casino players. Macau earns 50% of its revenue from gambling. US has 70% online player base and $35.5 billion is spent by American gamblers each year. UK controls 34% share of the European online gambling market. Australia has 80% adult gamblers.
Losses are part of online gambling experience. 24% of all online casino players have significant economic challenges because of their online gaming activities.
$4.5 billion equivalent of bitcoin has been wagered in online casinos since 2014. Cryptocurrency is the most popular payment method among online casino players. They offer an anonymous gambling experience, facilitate instant transactions and provide more security than other payment methods.
Online casino industry will continue to expand beyond the statistics described in this article. Online casino gaming is going to be around for a long time.
