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The online casino market generates billions of dollars in revenues each year, enjoying average annual growth of almost 9% as it takes off in various regions of the globe.
Today sites like Casumo casino appeal to a diverse player base, and as regulators continue to make the industry safer and more transparent for all, access to an even wider audience may be inevitable in the coming decade.
So what does the future hold for the online casino industry and are there any technical innovations which could push it further, or challenges that need to be overcome?
Mainstream acceptance
Part of the reason that the trajectory of the online casino industry looks so promising moving forward is that it affords wider availability of web-based gambling services, regardless of whether or not such practices are sanctioned under local law.
Indeed the uptake of online gambling has essentially legitimised the practice in many places where it was previously outlawed altogether or merely unregulated.
In 2019 the US legalised sports betting, opening the floodgates for an influx of activity, generating $4 billion in a matter of months and bringing cash which would previously have been spent at unlicensed bookmakers into registered, regulated operators where it can be taxed and have a positive impact on the economy and society simultaneously.
An eroding of incumbent, hostile views towards gambling of all kinds is taking place in plenty of other places. In China, players have spent over $24 billion via such services in spite of government attempts to curb these activities.
Ultimately it seems that the authorities will have to legalise and regulate online gambling, because it is very much here to stay and cannot be quashed with outright bans.
Mobile migration
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