online casino industry

If the concept of casino is well known by the general public, then the concept of online casino is very little. It is not uncommon to wonder if this is not a “scam” as sometimes offers or promotions can seem lucrative compared to a physical casino. We then wonder how they do it and how can they be so competitive.

benefits related to structural costs

Obviously, if online casinos are more competitive than physical ones, it is mainly because their cost structure is much lower. We will of course think about miscellaneous costs like premises, electricity, … moved to cyber security. So they can offer more attractive offers, even though they may not do anything like a physical casino.

Other reasons for online casino success

Since 2021, there has been an additional craze for online casinos that continues to grab market share. The first reason is, of course, the pandemic crisis that has prompted many players to go online. Since sports betting is no longer possible, there is an actual postponement.

Many casinos have accelerated their digital transition, which mechanically means that some now only use online solutions. Existing platforms have thus taken a technological leap and improved the user experience by integrating new games, but also virtual reality while others have been created.

The inherent advantages of an online version are attracted by the fact of being able to play at any time and sometimes in a very short amount of time, as well as having a really impressive list of games at times.

Required verification of casino seriousness

Of course, as in all areas, there are scam sites. So not to be mistaken, online casino comparators generally allow you to do the actual sorting. First because they can allow you to see different offers, but then because experts don’t hesitate to create rankings indicating the most reliable and least reliable. Failing that or in addition and before choosing your platform, you can check the presence of a license (knowing that not all of their parameters are the same and some like the Malta Gaming Authority, the Gaming Association, Gibraltar Gaming or Still Alderney Gambling Control Commission is considered to be more reliable. You can also look into the means of payment which most of the time provide you traditional (Visa, Mastercard, Paysafecard, Paypal…) and it can be done with Wallet (Skrill, Neteller). , EcoPays, etc.) Then you can see how to withdraw your money, which for the most reliable rarely exceeds working days. Lastly, an encryption analysis can be useful for aficionados as it is advised that the security level be no less than the 128-bit encryption level.

online gaming market

If the market today still grew significantly, the global online gambling market represented over €50.85 billion in 2018. It should be noted that it is the mobile version that is successful in this area as 45% were related to mobile gaming. This represents, on its own, about $60 billion in 2019 and will be closer to $75 billion in 2020. However, it should be noted that online video games largely dominate this huge market as the global online gaming market has swelled to around 160 billion. dollars in 2020 and should weigh around 200 billion by 2022.

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