The iGaming industry is growing at an alarming rate, and by 2022 it is expected to be a $52.5 billion market. This growth can be attributed to several factors, including the legalization of online gambling in new jurisdictions, the increasing popularity of mobile gaming, and the launch of new casino sites.
Here’s the current state of the iGaming industry and explore some of the trends that are shaping it.
iGaming Industry Growth
The iGaming industry is growing rapidly. According to a recent report, online gambling was one of the fastest-growing categories in 2018. This surge in popularity can be attributed to the fact that more countries are legalizing online gambling, and new online casinosites in Canada are constantly being launched, giving players more options than ever.
The iGaming industry is also growing because of the rise in mobile gaming, which has allowed a new generation of gamblers to discover online gambling and play their favorite games on their smartphones or tablets. The iGaming industry is expected to grow at an average annual rate of 12% over the next five years, reaching $52.523 billion by 2022.
Legalization Of Online Gambling
One of the main drivers of iGaming industry growth has been legalizing online gambling in new jurisdictions. In 2018, six new countries legalized online gambling, including Bulgaria and Slovenia. This trend is likely to continue as more countries realize the benefits of legalizing online gambling, such as increased tax revenue and job creation.
The United States is also moving closer towards legalizing online gambling. A recent report by the National Gambling Impact Study Commission found that online gambling is widespread and growing, with an estimated $162 billion wagered in 2017. The report also stated that the current legal landscape creates confusion for consumers and leaves law enforcement struggling with illegal operators. It is only a matter of time before the United States joins the ranks of countries that have legalized online gambling.
New Online Casino Sites In Canada
Canada is home to a thriving iGaming industry, but it’s not all good news for the Canadian market. The Canadian government has been cracking down on illegal online casinos and recently introduced new legislation that will make it more difficult to operate in Canada. This makes Canada one of the most difficult countries in the world for online casinos to operate, which has resulted in many of them shutting down.
The good news is that there are still some new casino sites in Canada that have managed to stay afloat despite these harsh conditions. These new sites are safe and reliable, making them attractive for Canadian players who want to play online.
The Future Of Online Gambling In Canada
Canada is home to one of the largest iGaming markets globally, and the future looks bright for this industry. There are currently over 50 active online casinos that offer a variety of games to Canadian players. The government has been cracking down on illegal casinos, but this has not stopped the industry from growing.
In fact, recent reports suggest that the Canadian iGaming market is expected to grow at a rate of 13% over the next five years, reaching a value of $13.78 billion by 2022. This growth can be attributed to the legalization of online gambling in new jurisdictions, the increasing popularity of mobile gaming, and the launch of new casino sites. The Canadian iGaming market is poised for continued growth in the years ahead, making it a great place to invest in the iGaming industry. So if you’re looking for a promising investment opportunity, Canada should be at the top of your list.
New Casino – What You Need To Know
Slot games are one of the most popular types of casino games, and there are now more ways than ever for you to play them. You can choose from a wide variety of slot machines, each with its own unique set of features. Or, if you’re feeling adventurous, you can try out one of the new casino sites has to offer.
New casino sites are a great way to experience the excitement of gambling without having to leave your home. These sites offer various games, including slots, roulette, blackjack, and poker. They also offer generous bonuses and rewards programs that give you the chance to win big prizes.
There are many different types of slot machines available at the casinos today. These include progressive slots, video poker, bingo, keno, scratch-offs, and more. So no matter what type of slot game you’re looking for, you can find it at a new casino site.
Online casinos have become a popular pastime for many people around the world. The industry is booming, and more new casino sites are opening every day. It’s important to do your research before signing up with one of these sites, as not all of them will offer what you’re looking for.
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