It’s no secret that the gambling industry is flourishing. It looks like each day is getting stronger, attracting new users constantly.
Increasing digitization, growing trust of gamblers on online payment alternative, increased usage of cell phones and many other things are extremely important factors when it comes to expansion of both betting and online gambling.
What Else?
Besides all the things we mentioned above, various websites and applications provided by corporations for betting and gambling are also great contributors of general growth of both the betting market and online gambling world-wide.
According to reports made by Our World in Data, three years ago, there were approximately 3.4 billion internet users across the globe.
Furthermore, there are some latest reports that showcase other surprising results. Namely, a report made by Sports betting Dime in January this year, sports betting will reach its peak majorly in Asia Pacific region.
Places that have the biggest potential when it comes to this industry are definitely Macau and Hong Kong.
High economic growth will lead to more money intended for leisure activities which means that it is going to stimulate betting market and online gambling expansion.
Expecting More Digital Transactions:
One of the things we can look forward to is the improvement of security when it comes to online transactions.
Once this occurs, people will be even more interested in digital payment methods. Ultimately, this will stimulate corporations to offer various ways to their users concerning transferring money.
For the time being, many consumers utilize mostly NETeller, PayPal casino, zimpler, visa casino and skrill casino.
All these alternatives are mostly utilized for online betting in casinos. Perhaps Neteller is the most famous payment method in the world. It is fast, very safe and the good thing about it is that it can be used literally anywhere.
Furthermore, strict regulatory laws for online gambling, lacking places for internet operations and the abundance of cyber-attack are the biggest restraining factors of online gambling and betting market.
Less than two years ago, all EU members passed certain legislation concerning betting activity. At least that’s what iris-france report said. This will enable the regulator to supervise and at the same time control every activity that is related to online gambling and at the same time decrease any potential criminal risk.
Source: “Global Online Gambling And Betting Market To Surpass US $ 123.5 Billion By 2026” https://europeangaming.eu/portal/press-releases/2019/02/28/39988/global-online-gambling-and-betting-market-to-surpass-us-123-5-billion-by-2026/. European Gaming. March 1, 2019.
