Today, online gambling has become a prevalent and often times lucrative part of the global market. However, it is predicted that this industry will be on the decline in the next ten years. This is due to several reasons including an increased regulation at all levels and technological changes.
Overview of Online Gambling
In the year 2015, according to Statista.com, the online gambling market had a revenue of $44.7 billion USD. The industry has seen an annual growth rate of 26 percent since 2010 and there is no sign of slowing down in the near future.
The ลิงค์ ดูบอล gambling market generated $6 billion in online revenues across North America, Europe and Asia-Pacific regions in 2014. By 2024, experts predict that this number will increase to approximately $76 billion worldwide. The rise in popularity of the online gambling industry has greatly increased in popularity around the world, with an estimated 2.7 million people playing online and 13 million participating in online gambling activities.
Regulation
The industry has seen an increase in the number of states that have implemented regulations on the industry. In 2009, Nevada, Utah and New Jersey were the only three states that had regulated online gambling. By 2015, 38 states and the District of Columbia had in some shape or form regulated the industry.
These regulations have increased over the past few years and it is very likely that state legislatures will continue to pass new laws regarding this industry. A lot of these laws have been controversial as well, with a lot of people opposing their implementation. One of the major sources of contention among the industry has been states’ right to regulate their citizens’ online activities.
Technology
The gambling industry has seen advancements in technology over the last decade. Online gambling sites have been expanding the breadth of online games, placing bigger bets and increasing casino table limits all over the world.
One of the biggest changes in technology has been the development of mobile applications, which allow users to gamble on the go from anywhere in the world. A lot of these apps are free and don’t require any downloads or software installations. These apps are expected to experience rapid growth over the next decade as well.
