The Online Casino Boom: What's Behind It?
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Gambling has been a key element of entertainment culture for years. Online gambling has enjoyed a seemingly never-ending streak of success since it launched. The COVID-19 pandemic contributed to the success of the iGaming sector.
The online gambling boom is largely due to the accessibility of cross-platform gaming. The availability of affordable internet connections and computing devices as well as operator focus on the iGaming vertical has boosted the sector even further.
Online casinos are experiencing a boom. They offer new and exciting casino games. Live dealer games, video poker, and crash gaming are driving the iGaming boom in the online casinos. The most popular vertical is slots, thanks to their features and the huge payouts.
The online gambling industry is experiencing a boom due to the availability of legal and regulated gambling options. Even jurisdictions that are yet to legalize the activity are slowly warming up to it. The authorities were missing out on lots of tax revenue.
New technologies are used to build modern online casino games. They include Artificial Intelligence, machine learning and predictive analysis tools. They help developers figure out which games the players love and why.
Online gambling is booming. The sector is projected to be worth $93 billion by 2023. The online betting market is worth a whopping $67 billion in 2021.
