Wed, Jan 9, 10:51am by Staff Writer
Online casinos and web based betting is big business globally and is set to get even bigger in the coming years. The London Economic is reporting that the worldwide gaming market was worth an astonishing $47.11 billion during 2018 and is set to rise to nearly $60 billion by the year 2020.
The rise in online casino spend can be attributed to the fact that websites are increasingly able to offer an experience that mirrors the authentic casino experience, but from the comfort of the players home.
Whether it’s a roulette spinner or a poker game, gamblers are able to enjoy all the perks of casino betting online.
The Guardian reported an Internet Advertising Bureau study that revealed that 52 per cent of the gaming audience is made up of women.
This is translating into women begin interesting in gaming such as via poker machines according to The London Economic.
With many casino games starting to incorporate gamification, the industry is starting to take notice of women’s interest in gaming.
The growth of online slot games in particular in 2018 is expected to continue into the New Year, with industry giants NetEnt and Yggdrasil fighting to stay atop the market with their high-end game releases.
Players are increasingly choosing online versions of their popular slot machines as a substitute for land-based gaming, according to Gaming Post.
Not only is a wider selection of games enticing players online but there are often larger jackpots on offer and a more convenient, immersive gaming experience.
The millennial generation has been the major driver for online gaming on smartphones and tablets.
In 2009 just over 10 per cent of punters aged between 18 and 35 years old played online casino games, with that figure nearly doubling in less than 10 years.
Slot games are interaction, immersive and more challenging than ever before thanks to their gamification features.
In the early days of online slots, the game play was repetitive and two-dimensional.
Nowadays, new technology has allowed for rapid improvements in the field including 4K graphics, virtual reality capacities, multiple orientation modes and unique soundtracks.
Skill-based games have been able to come to the fore in light of such advancements and target a generation that grew up in the video game era.
Personalised experiences based on each users experience in the game have been created by specialised algorithms that make playing online slots more enjoyable for the players, according to Gaming Post.
The online gaming industry is being steered by businessmen from an unlikely destination – Israel.
The Jerusalem Post reports that the online gambling industry is huge in Israel with many corporate figures involved in the development and success of gambling brands and casino software.
The creators of one of the largest online casino company’s, 888.com, are a pair of Israeli brothers Shay and Ron Ben-Yitzhak and Avi and Aaron Shaked.
The company is fast expanding and has landed a contract with the NFL’s New York Jets.
Israeli Love Affair with the Online Casino Industry – The Jerusalem Post. https://t.co/3X07bkSq1F
— Casino News (@Slots) December 20, 2018
Teddy Sagi is one of the online casino industry’s biggest players and founded Playtech, which provides software to online casinos.
Playtech promotes legitimate online casinos with its software allowing mobile players to access live casino games, games and casino accounts on mobile phones and tablets.
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