For months sites like this one have been reporting on how popular the online casino and gambling community has become. The industry has grown from upstart internet sites to multi-million dollar businesses. Online casinos have gone from offering basic video slot machines to almost every game that can be found in a land based casino. Games have gone from low tech to high tech, and, in some cases, live dealers and casino action. Jackpots have gone from exciting to hundreds of thousands of dollars. Online casino companies themselves now have all the trimmings you would expect from a big time Wall Street corporation. If recent trends continue, the online casino and gambling industry will continue to grow.
A report from Global Business of Online Casinos says that the online casino and gambling industry could grow by billions of dollars in a matter of just a few years. By the end of the current year the online casino industry will be worth $4.7 billion when it comes in terms of gross gaming yield. In two years gross gaming yield will be up to $5.8 billion, and by 2014 all the way to $7.1 billion. Percentage rise from 2009 to 2014 that is a gross rise of 79 percent.
Not only are online casinos easier to access than their land based cousins, but they also take a fraction of the people to operate. Gambling online is becoming more socially acceptable, and countries around the world are starting to relax some of their laws when it comes to online gambling. All of these trends are predicted to continue. “Add to that the growth in social networking, mobile apps and micro-transactions and times that by the growing number of people globally with broadband connections and wireless access,” said Rachel Church Saunders of The Global Business of Online Casinos. She went on to echo what most experts, operators, and fans of online casinos are feeling by expressing her confidence that the future of online casinos looks very promising.
