The growth rate of gambling & Who gambles the most?

Online casino revenue to exceed $ 7.7 trillion by 2026

The volume of the online gambling market in 2019 amounted to $ 4.583 trillion, by 2026 this figure reached $ 7.742 trillion. The average annual growth rate from 2019 to 2026 is estimated at 7.91%, as stated in the Brandessence Market Research and Consulting report. For the current state of the industry in New Zealand and the world.

Future of online gambling

Analysts predict that the online casino market will grow significantly due to a number of factors. The study provides a critical look at the online gambling market, segmenting it by casino type, player type, and location. In the current period, the market can be clearly divided into live casinos, slot machines, bingo, and others. Besides, it divides depending on the preferences of the end-user, into two groups: those who play from a smartphone and those who play from a PC.

The key factors that will influence growth over the next five years are the proliferation of smartphones, Internet use, and the availability of low-cost mobile betting apps. People have bought a total of 1.5 billion smartphones worldwide in 2016, according to a report by the Internet Innovation Alliance. The penetration rate of smartphones in the United States by the end of 2021 should be 72.7%. At the same time, the segment of De occupied 45.76% of the market two years ago, in 2019.

According to the American Gaming Association (AGA), in 2019 there were only 2.8 thousand active sites on the Web that offered bingo, poker, and lottery to users. The easy availability of Electronic Gaming Devices (EGDs), technological advances, and the presence of leading gaming providers will provide significant researches in the market of online gambling through 2026.

How COVID-19 affected gambling?

The situation with the COVID-19 pandemic has also influenced the increase in demand for online gambling around the world. The rise of digitalization, coupled with the availability of secure digital payment options, and increased research and development in technology around the world, is also driving the market growth.

Sports betting will continue to dominate the typical online gambling segment. Their share in 2019 was already 54.23% of the total market volume.

Who is an average online casino player?

How old is the average player? Where in the world do they play the most? How many women are there? The more difficult a question is to answer, the more important it can be in creating a portrait of your audience. Get to know your players better thanks to our survey of the audience of the iGaming industry in a number of legal jurisdictions. It was prepared by Slotegrator’s specialists based on data for 2020.

Online casino betting is a dynamic, fast-growing, and lucrative industry. New innovations appear regularly. They are changing regulations around the world make it one of the most attractive businesses, where every day brings a new challenge or new opportunity. Most importantly, the industry’s global revenue will reach $100 billion over the next five years.

Who plays at casinos?

After the events of 2020, when the iGaming industry was affected differently than many others and even took advantage of the closure of land-based casinos, now is the right time to open an online casino. But despite the fact that online gambling is a unique industry, one basic principle of doing business works the same for gambling, trading, music, fashion, and any other business. Therefore, to be successful in it, you must know your client.

What is the average age of a player in the UK? And in New Zealand? Australia? Who is more: men or women? What about education and income? Where in the world do they play the most?

A clear understanding of the segmentation and targeting is especially important. Most likely, it’s necessary for new enthusiasts who are just launching their online casino platform and integrating gambling software or betting platform. Read on to find out more about the global online casino audience in 2021.

Does a perfect player exist?

There is no single portrait of the average player. But while the details vary from country to country, these two facts tend to be common to online casinos and sportsbooks. The players are often men between the ages of 18 and 35. At the same time, the difference between the shares of women and men is small, only about 1%

The same trend is observed among land-based casino players, but in the online space, it is more obvious. A detailed study of Canadian players showed that 58% of land-based casino visitors are men. However, 78% of online casino users are men. A 2017 GeoPoll study found that 69% of Kenyan men and 44% of women had bet on sports. This figure rises significantly when it comes to gambling among young people. Since 77% of men aged 25 to 34 have ever played, and about 60% of them play once a week.

In terms of age, older players, especially those who are 60 and over, prefer land-based casinos. Although this statistic may change as older generations will spend more time at home with technology in the future than they do now.

A 2019 UKGC study shows that online gambling engagement among women and men is increasing. With 25% of men and 17% of women surveyed playing in the past four weeks, both of which are up 2% from the previous year.

Men or Women?

According to the popular Journal of Industrial and Intelligent Information, Chinese players are more likely to be men than women. In addition, just over 50% of players in China are under 35 years old, 37% of those surveyed are between 36 and 50 years old, and 9% of players are 51-65 years old. Their educational level is usually lower.

Gambling is extremely popular in Canada. As a result, six out of 10 residents of the country are involved in some kind of gambling activity. The University of Lethbridge studied that, 70% of players are between 18 and 39 years old, among them, 47% are between the ages of 20-29. There are significantly more men who play in online casinos: their share is 82.4%.

In Australia, the percentage of male players is higher than their share in the general population. According to a 2017 study, while the male population is only 49%, 54% of the players are men. At the same time, women gamblers in Australia are 45.8%, although their share in the population is 51%.

While online gamblers are indeed most often young men, a huge number of gamblers are still in other age categories: in many countries, they are people over 60, and in many legal jurisdictions, the number of female gamblers is growing. The iGaming audience is quite large, and even small demographics are of great importance.

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FAQ

Are Mobile Casinos Safe?

Mobile online casinos are safe, however, some gambling sites pose a threat. The process of recognizing is pretty simple. Safe gambling sites have reputable licenses and are powered by well-known software providers. Minimum deposit casinos are also known for their good reputations and trustworthiness.

Is online casino safe?

This article consists of three paragraphs, three main questions which identify the trusted casino. After reading the page you will be able to identify the safe indicators of the casino.

The page consists of:

Main indicators of a safe casino
Is it legal?
Is it fair?
Data protection

When we think about the safety, we usually ask three questions: is this online casino legal? Is it licensed?, and is it fair? By answering that, you will be sure that a casino has only excellent intentions toward players. All the casinos on our site have these characteristics, and that’s why.

It’s legal

In fact, all the casinos are licensed and regulated by reliable gambling commissions. The list includes Malta Gaming Authority, UK Gambling Commission, Kahawake GA, Swedish Commission. As a result, the casino from the rating consists of one or several of these regulators on the board. The reliability of these regulators are without a doubt, you can check all information about them on the official site of gambling authority. In the review of any casino you will find a small description of regulators. All in all, if you’re over the age of 18, you can easily sign up and play.

It’s fair

It’s important to realize that casinos and games are checked by audit company eCOGRA, to make sure that all random generations are fair and show honest statistics. Moreover, it checks the RTP of the particular casino to prove the declared rates.

You’re protected on the site

Deposits and payouts require a high level of security. As soon as you make any money transaction, the information will be transferred through the encryption technology. The example of such technology is SSL (Secure Socket Layer). Millions of sites use it to transfer the data from merchant to customer in the most secure way.

Conclusion

Any gambling activity has risks and it’s very easy to lose more money than you want. Sometimes it can be hard to stop. For that reason, casinos provide a list of rules and methods on how to prevent any type of gambling addiction.

How to tell if online casino is legit?

Why should the casino be licensed?

Casinos from our list provide licensed activities by reliable regulators. The security of any casino comes first. That’s why licensing is very important in gambling sphere. Gambling authority issues a license. Every platform that provides wagering, in particular slots, is required to receive a license. Reliable regulators make a full casino check in order to prove its fairness.

Here are some facts about casino licenses

Doesn’t matter how many gambling licenses casinos have. In order to start a full casino operation, it has to receive a license. In fact, casinos must be registered under at least one jurisdiction. However, when casinos try to build trust among players, sometimes, they just get the licenses by easy authority. They get it without any problems. As a result, they receive several non reliable licenses, without having at least one with a responsible attitude.
Players don’t pay attention to the license. If you don’t care about the casino license, please, make sure to check and be careful about it. It’s very dangerous to fill in your personal information with banking details to scammers and lose money.
Licenses are not equal. We’ve already discussed that there are many casinos under different jurisdictions. However, not all of them provide equally reliable service. Some of the most popular regulators: Malta Gaming Authority, UK Gambling Commission, Curacao eGaming, Kahnawake and Gibraltar Gambling Commission.

How to identify the license?

Most casinos show the list of licenses and other certificates in the bottom of the home page. You can easily scroll down and see the stamp of a certain regulator. Moreover, there is a possibility to find the casino on the website of a licensor. For example, the UK Gambling Commission provides a list of casinos on their website.

Conclusion

In fact, gambling licenses are very expensive. As a result, casinos, which have a license, have to be very serious about gambling activities and customer satisfaction. They can guarantee trustful and fair experience for all players, especially for jackpot winners.