Online gambling market: The data behind the growth

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Discover a whole new world: the online gambling market

Nowadays, the web has become an essential tool for billions of people, providing us with a huge amount of resources and entertainment. However, in the last few years, the Internet has also become a big tool for companies that want to expand their horizons and reach as many customers as possible to sell their products and get feedback to improve their products and pitch. One of the most successful rising markets on the web has been the online gambling market, which is led by many gambling websites that have flourished in the last few years, such as JohnSlots.

According to the ‘Online Gambling Market Size, Share & Trends Analysis Report By Type’, the assets of the global online gambling market was valued at USD 53.7 billion in 2019 and  studies affirm that, in the next few years, the income is only going to increase the compound annual growth rate (CAGR) to 11.5% from 2020 to 2027. Many factors allow the blooming of this sector to continue, such as the easy access to online gambling, legalization and cultural approval, corporate sponsorships, celebrity endorsements and the growing availability of cost-effective mobile applications across the whole world.

The reasons behind the rise of the online gambling market

Online casinos and other online gambling platforms have welcomed more and more customers over the last few years, as the trends show an increase of 28.0 percent annually since the last decade across gambling platforms. The reasons behind the growth of these websites are numerous. First of all, the availability of the internet and its resources nowadays has had a huge impact. Every single user can easily access new features and games with ease in the comfort of their homes. In this way, they can play anywhere and anytime without any difficulties and this has led to the growth of the player base. This phenomenon has also been heavily influenced by cost-effective mobile applications that make the process so much easier.

According to the report mentioned above, another factor that has helped the process is the evolving cultural shift around the concept of ‘gambling’, highlighted by the legal changes that countries have made towards the gambling world. In fact, many countries have taken steps to legalize online gambling, since it offers new jobs that will benefit their employment rate and their economies. It also allows for the growth of interest into new activities that the country can provide, such as sports.

Online gambling companies: JohnSlots

JohnSlots is an example of an online company that has become successful on the internet by providing a great service for those interested in the world of online gambling. This website will help you choose the best options for your needs and guarantee the safest and most exclusive experiences, thanks to the unbiased and expert reviews from their professional team. You can also enjoy their top selections of online slots, which can be filtered by the game developer, RTP and volatility, in order to provide you with the best experience on the platform. They will also keep you updated on the newest opportunities and provide you with all sorts of tips and tricks for the games on a special page on the website called ‘John’s Tips’. Head over to JohnSlots to discover an exciting new world of iGaming entertainment.