EXPERTS WORLD NEWS Online gambling & betting industry is projected to reach $145.6 billion by 2030 2 months ago Szarlot Post Views: 84 The online gambling and betting industry is experiencing growth due to digital transformation. It is easier and more accessible for people to place bets and play games from home. The industry has surged with the increasing use of smartphones and the internet. Undoubtedly, the online gambling & betting industry is poised for massive growth. LotteryCritic.com predicts that the global online gambling & betting industry will attain a valuation of $145.6 billion by 2030. Freddie Smith, CEO of LotteryCritic, spoke on the data: “The gambling and betting industry has unlimited potential. Digitalization revolutionises how we gamble and bet. As technology improves, more people become comfortable with online gambling. Also, the availability of mobile devices and the global internet penetration are driving this growth.” Convenience & Accessibility Driving Market Growth The online gambling and betting industry has undergone a digital transformation recently. As a result, online gambling and betting are more convenient and accessible. In addition, smartphones and tablets allow consumers to place bets and participate in games anywhere, anytime. Besides, online platforms provide various options, from sports betting to casino games. Thus, making it easy for consumers to find what they want. The amount of money staked on gambling and betting products and services is increasing. The increase shows people are willing to gamble. A Thriving Industry With Unlimited Potential The online gambling and betting industry has come a long way since its inception. So far, it has proven to be a lucrative market with unlimited potential. The industry is set to reach new heights with technological advancements. The industry’s growth will create new opportunities for entrepreneurs and investors. Regulating online gambling and betting in various countries presents a massive industry opportunity. Governments worldwide are recognizing the potential tax revenue that can come from the industry. As a result, more nations are choosing to regulate and legalize it. This provides consumers with a safer and more secure environment and opens up new markets for industry players. The online gambling and betting industry is on the cusp of explosive growth. So, the industry players are well-positioned to take advantage of this trend. Convenience, accessibility, and regulation all drive market growth. Thus, the future looks bright for the industry and its stakeholders. Source: itpulse.com.ng About Post Author Szarlot I am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry. See author's posts SzarlotI am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry. Facebook Twitter LinkedIn Email Print Tags: betting industry, LotteryCritic, online gambling Continue Reading Previous LeoVegas Group launches new global partnership with InterNext How to Increase Your Chances of Winning at Online Slots More Stories EXPERTS WORLD NEWS How has the gambling industry changed so far in 2023? The 7 biggest stories 3 hours ago Iwo Bulski EXPERTS UGANDA Everything You Need to Know About the Gambling Industry in Uganda 8 hours ago Szarlot EXPERTS The future of sports betting: AI-powered predictive analytics 1 day ago Samuel EXPERTS WORLD NEWS What does the UK’s involvement look like in African business today? 2 days ago Szarlot EXPERTS NIGERIA GamStop And Responsible Gambling in Nigeria 2 days ago Szarlot EXPERTS KENYA KRA gains more from gaming and betting collections 2 days ago Iwo Bulski EXPERTS KENYA Betting firms inflating sponsorships to avoid taxes 2 days ago Szarlot EXPERTS NIGERIA Is the Cryptocurrency Noise in Nigeria Gradually being Silenced? 3 days ago Samuel EXPERTS KENYA Kenyan Govt Invites Public Submissions in the Creation of National Lottery 3 days ago Szarlot CASINO WORLD NEWS Novomatic to debut its NOVOVISION CMS at GAT Expo in Cartagena 4 days ago Iwo Bulski EXPERTS KENYA Naira Marley advises Muslims to forget betting during Ramadan 4 days ago Samuel EXPERTS WORLD NEWS Record 2022 numbers for Playtech 1 week ago Iwo Bulski 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.