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Online casinos have developed steadily over the last three decades thanks to technological advancements, changes in the regulatory landscape, and consumer behavior. Today, online casinos dominate the gambling industry and have become part of the popular culture, with hundreds of operators giving players a broad selection of games. Here are some interesting facts about online casino gaming to help you understand the current state of the market and what the future holds.
Six Interesting Online Casino Facts worth knowing
- Online casinos first appeared in the 1990s
Online casino games aren’t as new as most modern players believe. These digital iterations have been around for about 30 years, although they have significantly evolved. The first online casinos were launched in 1994 and featured straightforward games like blackjack and slots. However, these games didn’t immediately gain traction as having a stable internet was a luxury to most people globally.
- Almost all jurisdictions in the world permit online casinos
While land-based gambling is strictly regulated in almost all jurisdictions, online casinos are accessible in almost all jurisdictions. Some jurisdictions have clearly established rules for online casino operators and players, while others rely on internationally accepted standards.
For instance, European operators like Betway must comply with the European Law requirements set by the EU. However, not all countries fall under the European Union so they must also comply with other local laws in other jurisdictions where they operate.
- Mobile gaming is dominating the online casino market
Mobile gaming has recorded the fastest growth in the iGaming market and this trend is shaping the future of the online casino industry. In 2023, the mobile gaming market was valued at $72.7 billion, with over 60% of online gamblers placing their bets on smartphones.
The mobile gaming market is also expected to record $74.4 billion in 2024 and grow by 11.20% CAGR to reach $189.5 billion by 2032. This growth is powered by the widespread adoption of mobile technologies like 5G, the rise of reliable operators like Betway, and the proliferation of mobile payment systems.
- It is a man’s world
The majority of online casino players are men. Statistics show that approximately 8% of all internet users regularly play online casino games, with men accounting for 80% of these users. These statistics include online sports betting, table games, slot machines, esports, and other types of betting. Interestingly, most of these male gamblers are typically over 30 years old.
- Gambling addiction is still a problem
While online casino games are entertaining, excessive gambling can lead to addiction. In 2024, gambling addiction is still a serious issue for online gamblers owing to the ease of accessing the games and transacting with operators. However, there is always a risk of losing self-control and falling downward no matter how experienced a player might be.
- Bonuses are standard at online casinos
Due to the competitive nature of the online gambling market, bonuses have become common at digital casinos. The best digital casinos regularly give their players exceptional promotion offers, with popular types of bonuses including a welcome bonus for new players, reload bonuses, and free spins. Some operators also offer weekly promotions and VIP programs with different benefits.