The Online Gambling Industry in America
Online gambling is a growing industry; one of the fastest-growing industries on the market today. Across Europe, online casino operators are benefiting from clear regulations and sufficient infrastructure to support their operations. Add the fact that casino gaming is one of the favorite leisure activities in the EU and you have the perfect market condition to benefit from.
Of course, the online gambling industry isn't just big in Europe and the UK. Thanks to the popularity of cities such as Atlantic City and Las Vegas, online casino gaming was able to win the heart of customers in the United States rather easily. In this article, we are going to take a look at online gambling and how the industry is growing in America.
State-Level Support
While many states still ban online and offline gambling operations, there are states and cities whose lawmakers are gaming-friendly. They realize the income potential of having online and offline gaming operations and they work with key players and industry leaders to create the perfect environment for growth.
This level of cooperation is why many offline casinos base their operations in Las Vegas, Nevada, while online gaming companies prefer to operate out of New Jersey area. New Jersey even has its own Internet Gaming Regulations and the Division of Gaming Enforcement for ensuring maximum protection for players.
An Expanding Market
A study in 2002 discovered that the online gaming industry generated a whopping $3.5 billion in revenues worldwide. In comparison, casinos in Nevada banked an estimated revenue of $9.45 billion. The accessible nature of online casinos allows for a bigger volume of players.
Experts believe that the online gaming industry will account for more than 70% of the entire gaming industry by 2020. Online casinos are also more cost-efficient to operate. You don't need a big investment to enter the market and running costs can be kept at a reasonable level to maximize profit.
You can see signs of these efficiencies already. While offline casinos struggle to offer comps, online casinos can offer no-deposit sign-up bonuses of up to $500 to attract new players. They will also double subsequent deposits and offer a wealth of other freebies. It is not difficult to see how the online gambling industry in America will grow at an even faster rate.
It's All About the Fun
One thing that online casinos consistently offer is great gaming experience. Online gaming platforms are getting better. Customers can now play their favorite casino games using nothing but a smartphone. There are live casinos for those who want to play the game the way they are played at brick-and-mortar casinos; with a live dealer and casino props.
Since players can access these games from the comfort of their homes, it is also easy to use winning strategies in specific games. Blackjack players can have the entire blackjack matrix printed out; it is a very appealing gaming environment for customers that want to play to win.
The online gambling industry in America will continue to grow for years to come. It is only a matter of time before more states come up with their own internet gaming regulations and tap into the expanding market.