Gambling market will reach 635 billion in 2022
Date: 13-10-2016 | Posted in: News
The growth of the gambling industry is impressive. According to ‘Infoholic Research LLP’ the gambling market will reach an astonishing 635 billion in 2022. This indicates a growth of 5.7% in the years to come. The smartphone industry and online casinos play an important role in this development.
Developments in the gambling industry
In recent years, interesting developments have influenced the gambling industry. For example, more people worldwide use a smartphone. Online casinos have made their websites mobile friendly. This makes it possible to play casino games everywhere. The number of people who play on their tablet has also grown. These devices have become more user-friendly. This makes online casinos more accessible, which explains their growing popularity the past few years.
Casinos in the Asia Pacific
The paper used several well-known casinos like 888
Holdings and Ladbrokes Betting and Gaming for their research. The data clearly shows the growth of the gambling market. For example, in 2014 only 423 billion was reached. The Irish researchers state that especially Asia Pacific contributes to this development, because of the fact that more US companies are establishing major casinos in this part of the world.