As the New Year quickly approaches, it is time to take a look at the Global Gambling Trends of 2018. This year saw a lot of sports betting expansion in the U.S. because of the repeal of the PASPA act. Furthermore, gambling analyst predict that it will hit a record of $525 billion in revenue by 2023 at 4% CAGR.
The big news is how the online gambling market is starting to take a significant share of all gambling worldwide. Most gambling experts saw it coming but they did not foresee a CAGR growth of 10.5% between now and 2022. Gambling analysts believe it is because of the increase in online casinos in the UK, US and China in 2018.
Thus, land casinos which currently have 45% of the market will probably lose 3% of the market share by 2022. However, land casino operators do not seem to worry about this trend. This is because most of them have or plan to have their own internet gambling platform shortly.
Breaking Down the Global Gambling Trends of 2018
Live Dealer Casinos
Several gambling experts believe that the increase in online revenue is because of the growing popularity of live casinos. Live casinos have been around for decade and as internet and smart phone technology improves, so do live casinos.
The Rise in e-Sports Betting
e-Sports has been on the rise since the late 2000 and is actually the fastest growing sports in the world. Furthermore, eSports has a global audience of almost 400 million people around the world. In addition, sports analysts believe it will earn around $1.5 billion in revenue by 2020.
As e-sports popularity increases, you can also expect e-Sports betting to increase as well. In fact, several popular sports betting operators already offer e-sports betting on all major leagues.
Other notable trends
Online gamblers are showing a trend that they prefer a consistent gambling experience over multiple platforms. Thus, this year, the most popular gambling companies have been the ones with the consistent gambling software over multiple platforms. For example, the best sportsbook pay per head this year have been ones with great user experience over different platforms.
