Over the past few years, we have seen a significant increase in registrations at various online casino sites. Today, the total value of the online gambling industry is estimated to be close to $60 billion, and this figure is growing day by day, and experts believe that this value will reach $93 billion by the end of 2023, which corresponds to a growth of more than 50% in only 3 years. In this article, we will list the reasons behind this growing interest in online casinos.
The global Covid 19 pandemic: a real boon for online casinos
It is no secret that the Coronavirus pandemic has hit the global economy hard. However, some sectors have taken advantage of it and turned it into a real advantage. The online casino industry happens to be one of them, but in its case, the growth occurred naturally. Indeed, the fear of contracting the virus caused a real panic and many players stopped going to real casinos.
Also, the containment that several states have imposed around the world has had a negative impact on the psychology of the population. For this reason, we have seen several hilarious videos appear online of people who don't know what to do for entertainment. Naturally, faced with such a situation, real casino lovers will have no choice but to sign up at an online casino in the hope of regaining a bit of the emotions they have lost, and believe us, they will be served.
One of the advantages of online casinos, which one does not really pay attention to at first glance, is the fact that they allow dozens or even hundreds of players to play at the same time. No need to wait for your turn, and you can immediately play your favourite casino games, whether they are table games or slot machines. Furthermore, the quality of service at online casinos is second to none to that of physical casinos, and this is an additional reason for the massive migration to online gambling.
Technology is becoming more accessible:
When analysing the growth in the number of players at the various online casinos, we can see that the curve follows that of mobile device sales. Indeed, today, almost everyone owns a smartphone. This means that you can play your favourite casino game wherever you are and whenever you want, with the only requirement being an internet connection. Now you don't need to travel to play, you can do it from home.
If you want to get a taste of the real casino experience, nothing can beat online casinos. In fact, most games allow you to play against artificial intelligence or against real players, who can also be your friends in real life.
Sports betting is becoming massively popular
According to the EGBA, sports betting in 2018 made up more than 42% of total bets placed online, across the Eurozone. And while it is rare to take part in such bets in real casinos, they exist almost everywhere in online casinos.
This phenomenon is even more pronounced in the United States, where more than 80% of bets are placed online. We can therefore assume that in Europe it will not be long before this happens. Mobile applications for sports betting are also particularly intuitive and there is virtually no reason not to use them. In fact, even horse betting is going online.
The evolution of security:
The early days of online casinos were not exactly glorious. Indeed, shortly after their appearance, there were already several television programmes on the air exposing countless scams perpetrated by pseudo online casinos. Although it is true that in most cases the scams were real, this bad publicity damaged the reputation of several legitimate casinos. It took a long time for online gambling to finally become reliable enough to regain the trust of the general public.
Nowadays, things have changed and online casino sites have a level of security that you won't find anywhere else. In addition, the industry has become considerably better regulated and several state agencies have been created just to control and regulate it. As a result, all French online casinos are obliged to comply with extremely strict and rigorous working conditions, which prevents scammers from easily preying on players.
Of course, you should always remain vigilant, but if you take the time to do some research on the site you are most interested in, you can easily find out if it is a legitimate online casino or not.
Online casinos are best known for the various gifts and bonuses that they offer to their players. This allows them to be considerably more competitive than real casinos and attract even more new players. Some casinos even allow you to play for a long time using only the bonuses and the welcome gift.
In addition, the best online casino incorporates loyalty programs that will allow you to earn bigger and bigger bonuses. Don't hesitate to ask about the offers of the different casinos to find the one with the best benefits.