According to recent estimates, it is believed that the entire online gambling industry will reach a value of around $565 billion.
Indeed, the industry continues to overcome any challenges that it is faced effectively and efficiently. At the same time, it can also take advantage and benefit from an array of external influences that have helped the sector soar incredibly in recent years, which is perhaps why the $565 billion estimates have been made.
Let us take a look at some of the aspects that have been described to have had an impact and why they will have helped the entire online gambling industry to be able to achieve the success that it has so far and is likely to continue experiencing in the future.
Global pandemic drove popularity and interest
As devastating as the global pandemic was for everyone, the gambling industry benefited incredibly. Players were forced to look for alternatives as physical casino establishments were forced to shut during lockdowns, thus making bettors turn to virtual platforms in numbers that had not been previously seen. This has had a lasting impact, as many have decided to continue using these platforms instead of brick-and-mortar venues because of various factors, including convenience, choice, and bonuses.
Technology has played a huge role
Many players will have continued to remain using digital platforms because of the technology that the online gambling industry has embraced and used to its advantage. In recent years, many technological trends have emerged that go a long way to proving that these have made a huge difference.