Online gambling has blown up in popularity over the past decade. In 2020, the online gambling industry was worth around 67 billion U.S. dollars and is estimated to be worth a staggering 93 billion in 2023 – crazy, right?
But what is driving this online gambling craze? Well, there a wide range of reasons. Let’s look at some of them.
It’s a great way to pass the time at home during the COVID-19 era
Despite the horrible ramifications of COVID-19, it has weirdly benefited the gambling industry. This is because more people have been spending time at home due to remote working and COVID-related restrictions. Shops, bars, restaurants, and all the other places people love have had to temporarily shut down – meaning there’s been no real reason to leave the house. So, whilst in the house, people have been looking for ways to stay entertained and have fun – which is where online gambling has come in.
Online gambling Is exhilarating, thrilling, and a great way to pass the time – so it’s not surprising at all that people have embraced more than ever during the COVID-19 era. You can simply stretch out on the couch, grab your phone, and experience all the classic games you’ve seen in Hollywood movies, like blackjack and slots. Check out this online gambling comparison site to learn about the best casino sites available and their ratings.
The capability to play from anywhere at any time
People do a lot of online gambling through their iPhones and Androids, which gives them the flexibility to play from any location whenever they want to. This is a major advantage that online gambling has over physical gambling outlets, like casinos and betting shops – which require you to visit in order to play.
With online gambling, you have the convenience and simplicity of loading up your favorite gambling sites and online casinos on your phone (which requires no effort) – talk about the good life.
Promotions and bonuses
Most online gambling sites, like online casinos, provide players with bonuses and promotions, proving to be very enticing to millions of players worldwide. Bonuses and promotions are, basically, incentives to play. For example, when you sign up to an online casino, you’ll highly likely be rewarded with what’s called a ‘sign up bonus’ – which is essentially a “thanks for joining us” gift from the casino. This bonus could be anything, from free money to gamble with to 100 free spins on the slot machines.
New age gamblers want everything in an instant – they don’t have time to wait around. Therefore, most companies provide instant (or extremely fast) pay-outs, which help to keep players happy and engaged. Afterall, if you’ve won a big jackpot, you don’t want to have to wait ten days to receive it.
A wide variety of games
A lot of online casinos now offer a wide variety of games for players, which are helping to combat lockdown boredom.
Of course, classics like poker and roulette will always be available, but the modern gambler wants extra choices, too. Therefore, there are now 3D adventure games, puzzles, and various other types of games that you available to play in online casinos. These games usually come with amazing graphics and soundtracks, helping to take the experience to a different level.