Online Gambling Flourishing

Online GamblingGambling has always been very popular. People played gambling games in Ancient Egypt and China as well as Ancient Rome and Greece. The popularity of gambling skyrocketed once online casinos started to open their doors. This is not surprising, since today you don’t have to leave your home, think about tickets and accommodation. All you need is a PC, laptop or any mobile device and an internet connection. Thousands of online gambling venues are just at your fingertips! The interest to gamble online in the countries where it’s legal is huge, however, lots of people play casino games even there where gambling is illegal.

Statista, a famous statistics portal have done research and tracked the growth of gambling on a large scale According to this portal, online gambling shows massive growth, so they are sure internet gambling is here to stay.

What Statistics Says

Statista describes the gross win from the global online gambling from 2003 to 2015. The online gambling includes online casinos, sports betting, bingo, and poker. The gross win has grown from a mere €6.62 billion in 2003 to over €28 billion by the end of 2015. Gross win is defined as the wagers made minus the prizes and payouts, however, this sum includes bonuses.

Between 2003 and 2004, the online gambling market showed the growth of over €2 billion and then has continued growing. Thus it depicts a growth rate of 30% over the last three years.

Online Casinos

The leader of gambling is sports betting with a market share of 53%. Then online casino industry goes; it gives 25.4% of the gross win. The online casino market grew from $2.2 billion in 2014 to $3.4 billion in 2015. Poker is the third with a market share of 14.2% and bingo is at the tail end with 7.4%.

According to the statistic, 24% of online casino players in the U.S. spend one or two hours per week playing casino games.

Summing Up

Taking into consideration the facts that the world’s gaming software development companies such as Microgaming, Playtech, NetEnt and others do their best to improve casino games making them more attractive for players, more and more countries are legalizing gambling and the statistics above, we can resume that the online gambling market is here to stay!

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I'm Jordan Gate, the editor at Connect with me to stay up-to-date with what's going on in the gambling industry.