Gambling sector is expected to grow year by year after the quarantine

Publication date: 24 Feb 2021

Fortune Business Insights, an analytical agency, has recently published some outcomes of the gambling market analysis and forecasts for 2021-2028. The e-gambling market turnover in 2020 is approximately $66.72 bn. Mass quarantine restrictions imposed on the on-land sector encouraged gambling brands to pay more attention to the web sides of business and remote work. The consequences of this experiment draw to certain results. The gambling sector is predicted to grow at least 11 % annually. Another research description was published by New-York University. Canada and Australia appeared to show the most active growth of a legal sector in 2020. The users` spends on e-casinos have risen by 67% in these countries. The figures are still on the same level. Moreover, the USA market is expected to expand and reach $74.17 bn. by the end of 2021. Last year, the volume of the European gambling market was $30.92 bn. – the highest global rate. The effect is reported to have come from sports betting. North and South America go second and third respectively. Analysts note that operators now place more emphasis on the user security and data protection problem. Blockchain technologies for gambling platforms are widespread as well as artificial intelligence. All these factors have driven to the new foundation in I-Gaming: a number of new start-ups are based on innovative game solutions involving AI and other modern digital technologies.