An Overview: The Past Year in the Gambling Industry
How closely did you follow reports regarding the iGaming industry up until now?
Online and gambling venues all over the world starred in news reports and online casino reviews, as a lot of changes took place in the industry. From new casinos opening their doors to older ones closing downs – some unpredictable things happened during the past 12 months.
Online poker enthusiasts caught an alleged cheater while watching the live streaming games at the Stones Gambling Hall. The matter is still under investigation.
China pressured various countries, including the Philippines, to close down all online casino operations. The demand is related to the rise in gambling-related crimes involving Chinese nationals abroad.
A controversial decision by the Venetian Poker Room led to a boycott by poker players. When players found out that the casino will be keeping any additional money that enters the pot and exceeds the predetermined prize guarantee, they were in a rage.
Partypoker, a popular online gambling venue, was overrun with bots. It took the poker venue some time, but they faced the issue head-on and suspended dozens of accounts.
Those are some of the most talked-about topics that were covered on the news. But what else has happened in the industry?
Let’s Take a Look at Some Numbers
One of the best ways to tell how gambling was affected this year is by looking at some statistics.
In 2017, the online gambling market generated a revenue of $45.8 billion. According to experts, the numbers are expected to rise to $80.65 billion by 2024. The advanced technology that enters the market and new gambling regulations are the supposed causes for those dramatic changes.
Another interesting fact relates to gambling world 2019 in the UK, where women now account for almost 40% of all gamblers, and they start showing preference to slots instead of bingo.
While slots might be the most popular in Europe, things are a bit different in the US. Due to the renewal of the football season, sports betting has been on the rise for quite a while. New Jersey, for example, reached a wagering record of $41 million in September, which is the third month in a row the state is raking in large sums of money.
But in terms of money spent on online gambling, it appears that Australia – and not the US – is in the lead. According to reports, the average loss for an Australian gambler is a bit less than a $1,000 – which is by far higher than the loss rate in other countries.
As it turns out, Aussie players spent more than 630 million USD in the past year, mainly focusing on table games and slots, but poker and bingo were popular as well. The gambling industry in Finland and Singapore also brought in a lot of cash, which serves to show how popular the activity is all around the world.
The online gambling market is always in motion, and it seems to be growing with every passing year. 2019 was an exciting one for the industry, as shocking events shocked the community and interesting facts about gambling world 2019 and trends were revealed.
As exciting as the passing year was, what do you think the next one will bring? 2020 is around the corner, and it seems like it’s going to be even more exhilarating for gamblers around the globe!