Smart Money: The Online Gambling Industry – The Next Best Investment Frontier?
If you are a newbie looking to learn more about the global online gambling industry, there are a few things that may come as a shocker … For example, did you know that the first online casino that allowed punters to stake hard cash was launched in 1996? Did you also know that the first online sports betting site started operating in the early turn of this millennium? These facts may come as a surprise given the advances and growth that have been seen in this industry.
Since inception, the online gambling market has been growing in leaps and bounds with each passing year. As it is, pundits who understand the industry well opine that the value of this industry may hit the $92.6 billion mark by the end of 2023. There are several factors that have led to the astronomical growth of this industry over the last 2½ decades. With each passing day, the growth trajectory of this industry has led more and more investors to consider widening their portfolios through investments in online gambling. In this article, the discussion will focus on the top reasons why we think the popularity of this industry will continue to soar as well as why we think putting money in the online gambling industry is a smart investment idea.
No Matter The Type of Investment You Make, It’s a Win – Win Scenario With Online Gambling
When making an investment decision, you should be guided by one key principal question – Will I get high returns on my making the investment? If you are thinking of making an investment in the online gambling industry especially in the extremely popular online casinos market segment, there are two things to keep in mind …
For starters, there are already many established casinos which are shopping for new investors who can help shake things up or assist with expansion plans. Additionally, given the ever-growing popularity of this industry, there is room for investors to start and build their own casino from scratch. This means that if you are looking to invest and share in the profits found in this industry, you can either follow the beaten path or build your own road.
As a potential investor in the online gambling market, you may be pleased to hear that there are efforts being made to teach adults how to gamble responsibly. A great example is the site – Fortune Games – who have been at the forefront of responsible betting
The Industry Is on a Continuous Upward Growth Trajectory As Online Gambling Becomes More Widely Accepted Across The Board
Numbers do not lie… They paint a true picture. If you take a look at the data released by the New Jersey Division of Gaming Enforcement in regards to the wagers placed across the State in January 2021, it shows that the wagers placed totaled to $886.65 million compared to the $471.14 million wagered during the same month in 2020. This growth trend is the same across many other States in the United States including in Pennsylvania. As more States across the country continue to legalize online sports betting, it is highly likely that there will also be a surge in the total value of wagers placed across different gambling platforms.
If You Are Thinking of Investing in the Online Gambling Industry, It’s Prime Time!
If you are looking for more reasons to invest in this industry, consider this … There are new technological innovations hitting the market each day and most players with a stake in the online gambling industry are integrating these new innovations such as virtual reality to their platforms – this is being done with a view of retaining existing punters while attracting new ones.
All the information we have compiled above just goes to show that the current growth being experienced in the online gambling industry is just the tip of the iceberg. If you are looking for to invest your hard-earned money in the industry, the time is NOW!
