The Maximum Share Of The Global Online Gambling Sector Will Reach 10%
The popularity of online gambling is not amazing, virtual casinos and bookmaker sites are simply more convenient to use. It is known that from 2004 to 2019 the revenues of the segment increased from $ 12.1 billion to $ 43 billion.
It is significant that 10 years ago, the online casino was only 6% of the world gambling market. In 2018, this indicator was recorded at 9%. Nevertheless, forecasts of experts regarding the further growth of the share of the online market of the gambling are not too impressive. Presumably, the improvement can reach the mark of 10%, but for more, according to experts, it is not worth counting. Such conclusions made public agency gbgc.
The main reason for slowing the growth of the market. Specialists call tough competition from ground gambling institutions. The virtual format of gambling, is definitely much more convenient and more corresponds to the modern rhythm of the life of people, but this does not mean that gambling facilities on land have ceased to interest players. Gambling objects in singapore, macau and the philippines are direct confirmation. It should be noted that the asian gambling establishments have generated more than seven times more profit than five years ago.
In addition, other important factors affect the popularity of online gambling. One of them experts refer to the fall in the popularity of online poker. For example, in 2010, online poker operations were 16% on the global gambling market, at the same time the indicator is 7%. According to analysts, the negative trend will continue in the coming years.
Another factor that influenced the reduction of online gambling operations was the creation of social casinos based on popular platforms such as facebook. Despite the fact that the experts are not inclined to consider social casinos by one of the competitive types of gambling, it was they who pulled out part of the audience.
In addition, over the past few years, many national lotteries began to distribute their tickets through internet platforms, which also distracts users’ attention from virtual casino.
Recall that the online gambling industry in italy stated a significant slowdown in income growth rates from operations.