Online gambling hits the jackpot

In recent years, the online gambling market has achieved significant growth – going from a nice market in the late 1990s to a billion-dollar industry. And it is set to achieve further growth, with reports showing that the global online gambling market is expected to grow from $64.13 billion last year to more than $72 billion this year – this translates into a compound annual growth rate (CAGR) of 12.3 per cent. The market is expected to hit $112 billion in 2025, at a CAGR or 12 per cent.  But what are the factors contributing to the popularity of online casinos? Advances in technology have certainly played an important role – especially internet penetration and the increasing adoption of smartphones, which both eased access to casino gaming platforms. This means that nowadays, players can access any online casino from their smartphone wherever they are – and this has met the players’ demand for easily accessible forms of entertainment. As long as they have an internet connection, players can be entertained anywhere, any time.  Such advances are consistent – with the industry pushing continuous innovation. In fact, the industry is constantly proposing elements that keep this form...