BETTING High Hopes for The Global Betting Industry 4 years ago Iwo Bulski Post Views: 585 Over the next decade, the global betting market is expected to reach even greater heights. A number of studies have looked into such factors as opportunities, collateral approaches, market insight, and many other indicators. All of them seem to point towards an impressive positive trajectory for the sector, something that is already being seen across the world. Online and mobile gambling operators, for instance, have been making a killing across the world. In places like Africa, the impact of technology is quite significant thanks, in particular, to the proliferation of mobile technology. In fact, for the gambling sector, up to 6 percent of the global gambling revenue comes from Africa. This will grow even further as more e-commerce and online gaming solutions continue to hit the market. The growing success of virtual sports betting is a key indicator of how the future of gambling is likely to look like. Mobile gambling operators are already making a killing from the business and a number of big players are gearing up to compete for a piece of that pie. Thankfully, laws are beginning to become more and more friendly to gambling activities. The United States is a great example of the way better laws have fostered the growth of the various gambling sectors. A Few Concerns Now, despite the growth of the global gambling industry, there are a few important things that still need to be taken into account. Most of these relate to the potential negative effects that the gambling industry as a whole could have on the society. Many jurisdictions are still grappling with legislative bills seeking to legalize gambling activities but this is becoming increasingly hard due to concerns pertaining to gambling-related harm. The United Kingdom, for instance, has one of the most successful gambling industries on the planet but it still has to deal with a plethora of issues. Over the past several months, the country’s gambling commission issued several fines and revoked the licenses of a number of gambling operators in a bid to clean up the industry. Clearly, as the gambling industry grows, so do the potential problems that may arise from its existence. That said, various stakeholders will need to be extremely keen on how they liberate over the issue going forward. A safe gambling space is certainly very important for the longevity of the business as well as for the well-being of the industry. Still, it will be a very exciting decade for online and mobile gamblers in particular since most of the innovative technological efforts seem to be going in that direction. Source: bestonlinecasinosites.com About Post Author Iwo Bulski Issues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. See author's posts Iwo BulskiIssues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. Facebook Twitter LinkedIn Email Print Tags: expectation, global betting Continue Reading Previous Nigeria -African Sportsbooks Discovering A Huge Untapped MarketNext Daniel Sturridge banned for four months after breaking betting rules More Stories BETTING WORLD NEWS BetConstruct introduces iGaming Bot, a new application for Telegram 10 hours ago Samuel BETTING KENYA Team Capital FM in Action At the Casino Cup 6 13 hours ago Szarlot BETTING GHANA PCG Moderator calls on government to crack down on sports betting 14 hours ago Samuel BETTING HOT NEWS NIGERIA Nigeria’s appetite for fintech solutions increase for technological evolution 2 days ago Samuel BETTING KENYA Beez FC Wins 13th Edition Of KOT 5 Aside Tournament 2 days ago Samuel BETTING KENYA Betting firms tax remittance hit Ksh 15B in FY2022/23 5 days ago Szarlot BETTING GHANA Why ‘Sewing Machine’ is trending in the world of sports betting 6 days ago Samuel BETTING NIGERIA The growing trend of mobile betting in Nigeria 6 days ago Samuel BETTING NIGERIA Innovations in responsible gambling: Betbonanza’s initiatives for safer betting 7 days ago Samuel BETTING ZAMBIA Amplifying Sports Betting with Music Ambassadors 1 week ago Szarlot BETTING UGANDA Uganda: Man Wins Shs 300,000 in Sports Betting, Dies Mysteriously 1 week ago Szarlot BETTING KENYA Exploring OdiBets: A Game-Changer In Kenyan Sports Betting 1 week ago Samuel Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.