The COVID-19 epidemic in 2020 forced casinos all over the globe to shut down for guests. For Las Vegas, the world’s capital of gambling, all casinos were shut for longer than two months, leading to massive losses to the gambling industry.
But, in the wake of the lockdown, an entirely new business model was created. There was no retailer casino that could accept players, gamblers had focused their attention on casinos online. In the year 2020, the internet gaming industry experienced a rapid increase, and continues to grow despite the pandemic is nearly gone.
According to a research study, the trend will continue to grow over the coming decades, and the whole online gaming industry is expected to be just under $100 billion in 2025. For a better understanding, this is more than what the country’s GDP is. other countries such as Sri Lanka, Myanmar, Bulgaria, Croatia, and others.
In order to comprehend what makes this business appears promising, here are a few facts that demonstrate the benefits of online gambling.
#1 Online Casinos Haven’t Had This Much Fun
The online gambling sector has never been more as fierce. To attract new players, online casinos have just come up with methods to stand from the crowd. The most well-known methods is to provide appealing deals to players who are new.
It’s possible to say that nearly all online sportsbooks and casinos provide a welcome package for new customers. These usually are in the form of match bonus deposits. There are also casinos with no deposit bonus which offer cash for free.
Other types of bonus offers that you can find at online sportsbooks and casinos include rebate offers and free bets/spins birthday bonus and many more.
#2. The US isn’t a very Gambling-Friendly Location
The legality of gambling online varies between countries. It’s not surprising that the US is not as gambling-friendly as people imagine. In reality there are just two states which you can gamble online (e.g., New Jersey, Delaware, Pennsylvania).
In many other states, gambling online is either prohibited or unregulated. Two states have the strictest laws concerning gambling that are Utah as well as Hawaii. It is not just that online gaming is not legal in these states but it is also the case for casinos that are located on land.
#3. Online Slots make up 70% of industry’s Revenue
It is believed that online slot machines generate the highest amount of revenue from the online casino business. According to studies that these games make up approximately 70% of total revenue. Other games that are popular include blackjack, online roulette Baccarat, blackjack, and more.
#4. Most Online Casinos & Sportsbooks are licensed in Curacao
There’s an abundance of gambling websites online with licenses in Curacao. The tiny island country located off on the west coast of Venezuela is a favorite location for owners of online casinos and sportsbooks for a variety of reasons. It all starts from the reality that the registration process isn’t very difficult.
Additionally the taxes on Curacao aren’t as expensive like in other locations. For instance, online casinos within certain US states must give away up to 50% of their revenue for the state government.
#5 Around 11 percent of All Internet Users Gamble Online on a regular basis
Gambling online is a pastime that is more popular than people imagine. It’s estimated that over 10% of internet players gamble regularly. The typical gambler online is a male who is aged thirty or greater.
#6. The First Internet Casino was Launched in 1994.
The Internet began to take off in the mid 1990s. A few years after the first online websites began to appear, Microgaming launched the world’s first real online casino.
The website is no longer in operation However, the company still operating and, in the present, Microgaming is one of the most popular online casino game designers around the globe.
#7 The Most Expensive Sum Ever Won at an online casino is $24 million.
It’s difficult to find all the accurate details in the realm of gambling online. From the data online it appears that the largest jackpot ever attained by an online casino was $24 million.
It was an Finnish player, who took home the jackpot from an online slot game called Mega Fortune. According to the story, the lucky winner was not keen on slots. The favorite game was online poker. However, at that moment when he was deciding to try Mega Fortune a spin. It was the right decision since it was reported that he won the jackpot after a 25-cent spin.