The UK company Juniper Research estimates that the whole online gaming business will be worth more than one trillion dollar in 2022. The 2017 research made this claim about five years in the future after looking into the current state of the market as well as the historical development. The current value by the end of 2017 was 620 billion, wheras it is believed to reach the 700 billion mark by the end of 2018.
There are a number of factors that are thought to help the rapid development:
- New technology
- New products
- New market regulations
With a bigger range of games available and an easier environment for players to play legally and to deposit and withdraw their funds easy and tax-free, the gap between offline and online gambling is getting smaller by each day. Today, over 90 % of all gambling globally is still done offline.
With more and more markets including American states getting regulated, the potential player pool for legal online gambling increases. With large countried such as China, India and Brazil yet to do a gambling regulation, there are still plenty of possibility for growth outside the Europe and North America. Make sure to follow all of our news for the latest developments in this trillon dollar business.