The Growth of the Online Casino Industry
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The global online gambling commerce was valued at USD 207 billion in 2021. Online casinos represent a significant share of this. Gambling allows us to enjoy a moment of relaxation and also offer us a thrilling experience because money is at stake.
The global gambling market is growing rapidly. The industry is particularly hot in the Nordic and Baltic countries. Denmark and Sweden are at the top with liberal regulations and growing economies. In Sweden, the industry has grown exponentially since the state removed its monopoly on gambling and opened up for foreign operators to be regulated.
Estonia legalized gambling in 2010. Estonia is home to hundreds of reputable online casinos. All legal forms of gambling within the country are regulated by the Estonian Tax and Customs Authority. ICLG’s Estonia chapter on Gambling Laws and Regulations explains the growth of the online casino industry in Estonia.
The future of the online casino industry depends on technological developments. Some of key trends that are expected to grow in the near future within the sector will be discussed below. iGaming industry is growing thanks to technological advancements. It is dependent on mobile function.
Blockchain technology has laid the groundwork for a form of gaming that is more evenly distributed between gamers and developers. The commerce is expected to be valued at USD 218 billion in 2023.
Augmented Reality (AR) is becoming more widely implemented in the online casino industry. With AR gaming, you can see a 360° view of the poker room and slot machine arcade.
Smartwatches are a good way to offer games that do not require bigger screens. Online casinos will adapt their interfaces to fit smartwats soon.
