Ron Mendelso, Director of Costa-Rica based Fast Offshore, recently spoke to Yogonet about the global online slots and gambling market in a post-pandemic world. Of interest, the effects of Covid on a global scale, significant factors which could change the industry, new and emerging markets, new technology, and the emergence of currencies and cryptocurrencies.
With 2021 in the rear-view mirror, the look ahead to next year finds most industry professionals are already strategizing. It’s been an amazing few years with unpredictable events, including the emergence of digital currencies, virtual reality, the eSports industry, online live dealer games, and other advancing technologies. Now, it’s all too apparent how important mobile betting is for the industry. But what else can we expect in 2022 and the years to come for web based gambling and online slots?
Well, if you believe what’s in the “Gambling: Global Market Opportunities & Strategies to 2022” report, projections for online and offline combined approach $565 billion, which is a growth rate of almost 6% on an annual basis. Just with online gambling, the numbers seem to suggest the total value of bets may hit $1 trillion. That number may vary a bit depending on your perspective, but all views seem to show a CAGR over 10% in growth. And based on a CAGR of 12%, we should see online gambling surpass $112 billion by 2025.
You can read more about what the future holds for online slots and casino games when you visit Yogonet.
