Tuesday, March 28, 2023
[email protected]
 Fintech Zoom
  • MARKETS
    • Trading
    • Stock Futures
    • Exchange Traded Fund (ETF)
    • Best Stocks To Buy Now
    • Penny Stocks
    • Forex Market
    • Bonds & Rates
    • Stock Market Guides
    • Commodities
      • Brent Crude Oil Price
      • WTI Crude Oil Price
    • Breaking Stock Market News
    • Reviews in Stock Market
    • Asian Markets
    • European Markets
    • US Markets
  • WORLD INDICES
    • DAX PERFORMANCE-INDEX
    • Russel 2000 (RUT)
    • STOXX Europe 600 (SXXP)
    • Euro Stoxx 50
    • CAC 40 Index (FCHI)
    • FTSE 100 Index
    • Nikkei 225 Index
    • HSI – Hang Seng Index
    • NSE Nifty 50 Index
    • NASDAQ Composite Index
    • Dow Jones (INDEXDJX: .DJI)
    • S&P 500 Index
    • ASX – Australian
    • Shanghai Index (SSE)
  • BUSINESS
  • CRYPTO
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Taxes
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
  • BANKING
    • Banks Near Me
    • Payments
    • ATM Near me
    • Best Banks
    • Banks Guides
    • Transfer Money Online
    • Mobile Banking
    • Digital Bank
  • TECH
    • Social Media
    • Login
    • Error Pages
    • Is It Down?
    • Download
    • Settings
  • LUXURY
    • Luxury Food & Drink
    • Luxury Cars
    • Luxury Style
    • Luxury Motors
    • Luxury Travel
    • Luxury Tech
  • LIFESTYLE
    • Travel
    • Real Estate
    • Entertainment
    • Health
    • Cars
    • Famous People
    • Near Me
    • Life
    • Weather Tomorrow
  • ABOUT US
    • Why Fintech Zoom?
    • What is FintechZoom?
    • Advertise with Us
    • Careers in FintechZoom
    • Fintech Zoom Logo
    • FintechZoom PRO
No Result
View All Result
  • MARKETS
    • Trading
    • Stock Futures
    • Exchange Traded Fund (ETF)
    • Best Stocks To Buy Now
    • Penny Stocks
    • Forex Market
    • Bonds & Rates
    • Stock Market Guides
    • Commodities
      • Brent Crude Oil Price
      • WTI Crude Oil Price
    • Breaking Stock Market News
    • Reviews in Stock Market
    • Asian Markets
    • European Markets
    • US Markets
  • WORLD INDICES
    • DAX PERFORMANCE-INDEX
    • Russel 2000 (RUT)
    • STOXX Europe 600 (SXXP)
    • Euro Stoxx 50
    • CAC 40 Index (FCHI)
    • FTSE 100 Index
    • Nikkei 225 Index
    • HSI – Hang Seng Index
    • NSE Nifty 50 Index
    • NASDAQ Composite Index
    • Dow Jones (INDEXDJX: .DJI)
    • S&P 500 Index
    • ASX – Australian
    • Shanghai Index (SSE)
  • BUSINESS
  • CRYPTO
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Taxes
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
  • BANKING
    • Banks Near Me
    • Payments
    • ATM Near me
    • Best Banks
    • Banks Guides
    • Transfer Money Online
    • Mobile Banking
    • Digital Bank
  • TECH
    • Social Media
    • Login
    • Error Pages
    • Is It Down?
    • Download
    • Settings
  • LUXURY
    • Luxury Food & Drink
    • Luxury Cars
    • Luxury Style
    • Luxury Motors
    • Luxury Travel
    • Luxury Tech
  • LIFESTYLE
    • Travel
    • Real Estate
    • Entertainment
    • Health
    • Cars
    • Famous People
    • Near Me
    • Life
    • Weather Tomorrow
  • ABOUT US
    • Why Fintech Zoom?
    • What is FintechZoom?
    • Advertise with Us
    • Careers in FintechZoom
    • Fintech Zoom Logo
    • FintechZoom PRO
No Result
View All Result
FintechZoom
No Result
View All Result

The American Online Casino Market Predicted Growth Draws in More Investment

Yuuma Nakamura by Yuuma Nakamura
May 5, 2022
in Business
0

Home » The American Online Casino Market Predicted Growth Draws in More Investment

The online gambling industry has been growing immensely over the years. The market generates revenue through remote gaming activities facilitated via the internet on computers and mobile devices.

Online gambling entails sports betting, online casinos, virtual poker rooms, and lotteries among others. The global online gambling industry size is expected to expand from $73.42 billion in 2021 to $81.08 billion by the end of 2022. 

In the United States of America, the online casino niche has been gaining more traction among players, operators, and investors alike. 

Table of contents

  • The Rise of Online Casino Gambling 
  • Should I Invest in Gambling Stocks in 2022?
  • Factors Driving the Growth of the US Online Casino Market 
    • Access to Stable Internet Connection 
    • Mobile Devices 
    • Effective Marketing
    • Diversified Gaming Collections 
    • Profitable Bonuses 

The Rise of Online Casino Gambling 

The upsurge of online casinos began in 2020 after brick-and-mortar casinos were forced to close business in response to the covid-19 pandemic restriction measures. During the pandemic, players were forced to turn to online casinos as the only available option. 

RelatedPosts on FintechZoom

How ElectrifAi Delivers Consequential Data Solutions in Six to Eight Weeks

Self-Awareness: A Key Ingredient for Making Effective Business Decisions as an Executive

The Benefits of Being an SQM Club Member: Unlocking Exclusive Rewards

Ex-soldier launches price comparison site to save veterans thousands

What are The Barriers to Funding For Small Businesses?

How To Access Capital in an Emergency For Your Business

Online casinos experienced great growth in popularity and revenue. At the onset of the pandemic, a report by The Business Research Company predicted that the market was poised to witness a 12% year-over-year growth from $58.96 billion in 2019 to circa $92.86 billion in 2023. 

DraftKings, one of the industry giants, saw a significant increase following its IPO in 2020. The operator was among the pioneers in offering online casino games like roulette and slots, and sports betting in 2018. 

During the pandemic, DraftKings Inc. seized the opportunity to expand its online gambling platform. It launched its operations in Iowa to offer online sports betting services to residents. It has also debuted its online sports betting and iGaming offering in Pennsylvania. 

It is evident that the online casino business is booming in the US, and at a rapid rate. As a result, investors see it as a profitable opportunity to invest in the young and rapidly growing market.  

Today, there are thousands of great online casinos. Here is a dynamic guide on the best USA online casinos.  

Should I Invest in Gambling Stocks in 2022?

The online gambling market is set to keep growing. As more states legalize online casino gaming, many startups are betting on this thriving industry. The most appealing thing about the online casino market is that it has multiple categories.

A stock like Bet365 Group Ltd. Would be such a great pick from the online gambling space. The company offers both online casino games and sports betting markets, hence maximizing its profits. The platform has well over 23 million active users. 

The Covid-19 pandemic was a blessing in disguise for the online gambling market. By taking advantage of technological advancements and a fast internet connection, online casinos are now delivering the gambling experience right to the player’s hand hands. 

Mobile technology has also played a significant role in the growth of virtual casino companies in the US. Today, players can engage the casino platform on the go via their smart devices. This essentially means larger market coverage. 

As a result, we are seeing more venture capitalists and the hedge fund industry moving their interests into the online casino market. Of course, the common assumption is that the industry will keep growing in the future. 

With hedge funds showing sentiments in the online casino gaming space, it is a clear indication that the market is ripe for investors to explore. 

Factors Driving the Growth of the US Online Casino Market 

The growth of the online casino gambling market can be attributed to several factors. These factors include but are not limited to:

Access to Stable Internet Connection 

This is arguably one of the greatest contributors to online casinos in the US. A fast and stable internet connection guarantees accessibility to virtual casinos. As a player, you get a chance to enjoy unlimited access to your favorite games provided that you have a reliable internet connection. 

This offers great convenience to players, which is not achievable with brick-and-mortar casino establishments. The introduction of the 5G network is set to change how players interact with online casinos. From live streaming to virtual, augmented, and mixed realities, the experience is set to change.

Mobile Devices 

Smart devices such as smartphones, tablets, and smartwatches have made it possible for players to enjoy casino gaming on the go, thanks to technology. Online casinos and game developers are working to offer mobile-friendly platforms and games. 

Mobile casino apps have also been gaining traction in the United States of America. Since mobile devices are portable, players can play and wager on their favorite games at any time, and from anywhere. This has drawn more players to the market. 

Effective Marketing

Here is yet another factor that continues to influence the growth of online casinos. It is no secret that online casino operators invest heavily in marketing campaigns. Leading online casino brands have developed multiple marketing strategies designed to catch the attention of a wider audience. 

Digital marketing techniques are proving to be quite effective for online casino companies. These techniques include social media marketing, paid ads, content marketing, etc. 

Diversified Gaming Collections 

Players have a variety of games to choose from at US online casinos. Operators understand that one way to keep players entertained is by offering them thrilling and immersive game titles. 

A majority of casino sites offer thousands of slots, and table games, just to ensure that there is something for everyone. Our preferences in casino games are different, and a wide variety of games ensures that every player gets access to their favorite games. 

Profitable Bonuses 

US online casinos are quite generous with their bonuses, especially to new players. Due to the stiff competition in the market, operators have to attract new players to their sites using lucrative bonuses and promos. 

The bonuses can come in different shapes and sizes. Some casinos will offer bonuses after registration, while others will expect the player to make the first deposit. The most prevalent casino bonuses include welcome bonuses, reload bonuses, VIP bonuses, and free spins. 

These bonuses help attract new bonuses and retain existing customer bases. This has gradually led to an increase in the number of online casino players in the US. However, it is important to note that online casino bonuses come with stringent terms and conditions. 

Therefore, you must read the casino site’s fine print before claiming or redeeming its bonuses. This way, you will avoid unwelcome surprises. 

Yuuma Nakamura

Yuuma Nakamura

Yuuma Nakamura is a staff writer covering crypto, blockchain, finance and other technology for FintechZoom. Contact: [email protected]

Related Posts

Robot thinking | FintechZoom

How ElectrifAi Delivers Consequential Data Solutions in Six to Eight Weeks

March 23, 2023
Self-Awareness | FintechZoom

Self-Awareness: A Key Ingredient for Making Effective Business Decisions as an Executive

March 23, 2023

The Benefits of Being an SQM Club Member: Unlocking Exclusive Rewards

March 20, 2023

Ex-soldier launches price comparison site to save veterans thousands

March 13, 2023

What are The Barriers to Funding For Small Businesses?

March 13, 2023

How To Access Capital in an Emergency For Your Business

March 13, 2023

Common Financial Mistakes That Can Ruin a Small Business

March 8, 2023

How to Use an Inflation Calculator to Keep Your Finances in Check

March 3, 2023

Unlocking the Benefits of Small Business Grants for Startups

March 1, 2023
Next Post
Bank of England (BoE)

Stock Market Today (May 5): BOE hikes interest rates to 13-year high, sees rising cost of living striking 10%

Man using his laptop

How to write an essay on financial technology and personal financial planning

Instagram

4 Things to Understand About the Instagram Algorithm

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • About Us
  • Advertise
  • Careers
  • Terms and Conditions
Call us: + 1 917 9939840

© 2016-2023 FINTECH ZOOM - WORLD FINANCE

No Result
View All Result
  • MARKETS
    • Trading
    • Stock Futures
    • Exchange Traded Fund (ETF)
    • Best Stocks To Buy Now
    • Penny Stocks
    • Forex Market
    • Bonds & Rates
    • Stock Market Guides
    • Commodities
      • Brent Crude Oil Price
      • WTI Crude Oil Price
    • Breaking Stock Market News
    • Reviews in Stock Market
    • Asian Markets
    • European Markets
    • US Markets
  • WORLD INDICES
    • DAX PERFORMANCE-INDEX
    • Russel 2000 (RUT)
    • STOXX Europe 600 (SXXP)
    • Euro Stoxx 50
    • CAC 40 Index (FCHI)
    • FTSE 100 Index
    • Nikkei 225 Index
    • HSI – Hang Seng Index
    • NSE Nifty 50 Index
    • NASDAQ Composite Index
    • Dow Jones (INDEXDJX: .DJI)
    • S&P 500 Index
    • ASX – Australian
    • Shanghai Index (SSE)
  • BUSINESS
  • CRYPTO
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Taxes
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
  • BANKING
    • Banks Near Me
    • Payments
    • ATM Near me
    • Best Banks
    • Banks Guides
    • Transfer Money Online
    • Mobile Banking
    • Digital Bank
  • TECH
    • Social Media
    • Login
    • Error Pages
    • Is It Down?
    • Download
    • Settings
  • LUXURY
    • Luxury Food & Drink
    • Luxury Cars
    • Luxury Style
    • Luxury Motors
    • Luxury Travel
    • Luxury Tech
  • LIFESTYLE
    • Travel
    • Real Estate
    • Entertainment
    • Health
    • Cars
    • Famous People
    • Near Me
    • Life
    • Weather Tomorrow
  • ABOUT US
    • Why Fintech Zoom?
    • What is FintechZoom?
    • Advertise with Us
    • Careers in FintechZoom
    • Fintech Zoom Logo
    • FintechZoom PRO

© 2016-2023 FINTECH ZOOM - WORLD FINANCE