Online Gambling Thrives While Land-Based Casinos Struggle
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2020 could be described as unprecedented. Online casinos and sports betting sites might describe 2020 as an unexpected boon in terms of fresh interest and revenue.
Last year was a bad year for casinos. Most of them took losses in 2020. The Golden Nugget took in more money in 2019 than in the previous year. All five casinos in Northwest Indiana saw their revenues drop year-over-year in December. The situation will change depending on the location. Some casinos will recover soon, while others will struggle for a long time.
2020 was bad for casinos in the offline world, but not so bad in terms of online gaming establishments. Online gambling is growing. Almost 1 million more bets were placed during lockdown one across the United Kingdom and Northern Ireland. UK online gambling bets are up 17% since March 2020.
Online gambling is booming. Video games and esports are also on the rise. The return of traditional sports may slightly dampen the growth of the industry. i.e. people who started betting on esports last year will continue to do so this year.
It is now easier than ever to find top online casinos and sports betting sites worldwide. In South Africa, virtual sports and betting technologies provider GoldenRace has just received a certification. Gamblers flocking to South African online casino can take advantage of huge bonuses going into 2021. There is also an expanding selection of slots and table games.
