Are online casinos worth investing in?
The online gambling market is already huge and constantly expanding, so it is not surprising that investors keep an eye on its performance. Land-based casinos have all but lost the race with their Internet counterparts and the gap is only expanding every year. Licensed online casinos can provide legal gambling alternatives to players from all over the world, with Europe being the most profitable market.
Operators and bookmakers who offer online casino UK games, as well as those catering to local punters have to apply for a license from the United Kingdom Gambling Commission, which is one of the strictest regulatory bodies. Players are obviously inclined to choose license casinos, so these are also the ones that attract potential investors. The biggest online casino operators and the software developers powering them have been around for decades and enjoy an excellent reputation. The return on investment is slow and steady, unlike new casinos which can generate bigger profits, but don’t offer the same guarantees in the long run.
Online gambling sets new record every year
The annual global turnover of more than $50 billion recorded by the online gambling market in 2018 was a new record. This is a market that continues to grow regardless of the international context, the strength or weakness of local and global economies. Gamblers are less interested in these circumstances and usually find the necessary resources to fulfill their expectations. For the big investors, this is a strong cue to spend a lot of money, but regular people could also benefit from investing their savings in this industry.
Online gambling has greater potential for future growth than most other industry, including land-based casinos and bookmakers. Most of the new players choose to gamble over the Internet, for enhanced convenience and to be able to take advantage of special bonuses and promotions. The mobile gambling revolution is still underway, with ever more powerful smartphones and tablets being released. Software developers are able to produce better looking games, with more complex gameplay that run smoothly on handheld devices. As a result, the annual global revenue continues to increase and the projections for the next decade are optimistic. The best case scenario is for these numbers to double in less than 10 years.