Trends In Casino Industry 2021

The gambling industry is considered to be among the most flexible sectors of the world economy at present. It continuously shows the growth and a high rate of return on big investments, as well as. Global Casino and Gaming Industry Analysis 2021, Market Growth, Trends, Opportunities Forecast To 2026. Strategizing a game plan from key sports trends. In our annual outlook, we predict the impacts of the events of 2020 will be felt by the US sports industry for years to come, and 2021 will be a pivotal year—challenging fans, athletes, broadcasters, teams, and leagues alike in new and unexpected ways. LONDON-(BUSINESS WIRE)-Technavio’s latest research report on the global casino gaming market provides an analysis on the most important trends expected to impact the market outlook from 2017-2021.

2020 has been a year to forget for the live casino industry. Lockdowns around the world have been destructive for gambling businesses, made worse by casinos being among the last businesses allowed to reopen.

Not only that, but in many countries brick-and-mortar casinos have been forced to close a second time as another wave in the pandemic spreads around the world.

Online casinos, on the other hand, have been one of the winners during 2020. Along with the online poker industry, internet gambling businesses have seen records broken throughout 2020, and this trend is predicted to continue next year.

Mobile Gaming

A major driving force behind the growth of online casinos is mobile gaming. In the present day any serious gambling company must provide access for people who are constantly on the move. Approximately two thirds of the world’s population now own a smartphone—more than four billion people. Factor in the number of tablet owners and it’s easy to see why mobile gaming is so important.

Success Down to More than the Pandemic

It would be easy to conclude that the recent success of online casinos as found on https://casimple.com/casinos/ is purely down to the pandemic lockdowns. For sure, people were confined to their homes with little to do and boredom set in leading them to gambling for entertainment. But massive strides were already being taken by the industry in the years leading up to 2021.

British magazine Luxury Lifestyle reported:

“According to market consumer data firm Statista, in 2011, the gross gambling yield (GGY) of the gambling industry in 2011 was reported to be £8.4bn. By the end of the decade, it was worth £14.4bn.”

£5.5 billion of this was remote gaming, showing brick-and-mortar casinos will soon be giving way to their online counterparts. This pattern repeats around the world.

The sheer number of games available today is incredible. A couple of decades worth of development is really showing these days. There is every type of casino game you can imagine, and always something to interest the casual punter. The days of playing roulette, blackjack, and craps are long gone.

Mobile traffic actually overtook home computer traffic four years ago. Today a smartphone is comparable to a cheap laptop that was sold only a few years ago, because the rate of development is so fast.

What for the Future?

A major driving force behind the growth of the online casino industry is the fast-rising number of people who own a smartphone and the prevalence of free-wifi around the world. These phones give easy access to the internet for an incredibly cheap price. In poorer parts of the world getting online is a much easier proposition with a smartphone than with a home computer.

In other words this increasing number of potential customers for online casinos will have a significant effect on their success over the next decade.

It remains to be seen if brick-and-mortar casinos can get back to 2019 levels by the end of 2021, but there aren’t many—if any—industry insiders that predict the online sector to not have another record year.

Online casinos will almost certainly boom in 2021.

Casino Gaming Industry Trends

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