How is the Casino industry going in terms of revenue since last 5 Years?

Globally the online casino industry has enjoyed huge growth over the past 5 years and there are no signs of slowing down especially not with the increased access to Wi-Fi and smartphone technology revolutionizing the online gambling market.

In commercial gambling in 2014 revenue generated was $37.5 billion showing a decline of 0.6% when measured against the revenues generated in 2013. This was the first overall decline in commercial gambling since 1989 according to the Rubin Brown studies. The two primary challenges the industry faces included the aging entertainment offered at traditional casinos and the increased competition and challenge by technological advancement. The first traditional casino was established in the 17th and a century later more casinos was registered in America, which proves that it took land-based casinos centuries to generate revenue of $37.5 billion.

Online gambling on the other hand entered the market in 1995 when the first online casino was registered. By 1998 the gambling industry showed huge growth and had 250 registered online casinos, 64 lottery sites, 139 sports books and 20 bingo sites. By 2006 registered online casinos grew to a staggering number of 2,500 sites and currently the rapid growth had tapered off since larger sites are obtaining smaller sites. The online revenue recorded in 2015 was $41.4 billion a year based on 85 nations worldwide that legalized online gambling. By 2016 an 11% growth was recorded and this increase is estimated to continue with a minimum growth of 11% until 2020. Statistics released by the Gambling Commission of Great Britain shows an increase in online slots play of 328% from 2005 to 2009, and increase of 52% in table games and poker grew by 26%.

The Aruvian’s Research reported in May 2016 that online gambling is the most rapidly growing market and has proved to be the most astounding phenomenon in recent years. The biggest growth was driven by internet penetration and currently 51% of the global population takes part in some form of gambling yearly, which significantly shows the financial benefits from online gambling sites.

Global mobile gambling growth revealed by SkyBet showed and increase in adult gambling from $1 in 2010 to $17 in 2015. According to a NewZoo report the mobile games market had an above expectation growth and reached $17.5 billion in 2013, $25.0 billion in 2014, $30.3 billion in 2015 and is estimated to reach $40.9 billion in 2017.

Although traditional casinos have started to show a decline in growth the online gambling markets is booming and mobile gambling is set to continue its growth at a pace so overwhelming that it continues to triumph well above all expectation.

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