Will Online Casino Success Continue as the Pandemic Wanes?
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The past year has been challenging for most businesses in the Santa Clara Valley and across the USA and the world. However, for a minority of sectors, business has grown during the times of lockdown and social distancing. The growth in popularity of online casinos is a case in point. The question is whether that popularity is now set to wane as the World returns to some sort of normality.
In 2018 and 2019, lockdowns were things that happened in prisons and a face mask was something worn by hospital staff. Even then, online casinos were growing in popularity. Now, they are feeling the pinch.
Online casino success is about more than just making casino games available via a desktop or a mobile device. The way the technology is deployed has also been instrumental. Live casino gaming uses real dealers and croupiers and allows the player to interact via chat and webcam.
There is a wave of legislative reform in the United States regarding online gambling. Even conservative states like Texas are considering legalization. Legalising online betting presents the potential to generate eight or even nine figure sums in tax revenue.
Crypto payments are becoming the norm in today's online casinos. Rumors that some might stop accepting other forms of payment in the coming months. Transactions on the blockchain resolve the potential trust issues that can leave players dubious about sharing their personal bank details with the online providers.
The pandemic has increased online casino revenues. Online casinos are here to stay. Las Vegas and Monte Carlo will always remain popular destinations. iGaming industry is influenced by social, technological, economic and political factors. It can adapt to changing market conditions to thrive when other business sectors are struggling.
