The online gaming industry, immense as it is, doesn’t inspire much confidence in potential investors. The negative perceptions about the industry are many, but in fact, this is an excellent business because of the growth potential it offers and its reliability. Online gambling is in any case far better than most other forms of internet commerce. A business that puts in money to build a gaming site that is both attractive and secure can definitely expect to do well in the long term because there is great demand for internet gaming and gambling.
There are quite a few reasons for the rosy outlook of the internet gambling industry. For one, people no longer hesitate to make online transactions, as long as the site in question uses high levels of encryption and other security measures. The mistrust of online commerce has reduced to a large extent since most people have never had their money stolen when paying for goods or services online.
Another interesting factor is the widespread use of mobile phones and other handheld devices to access the internet. People have become accustomed to using the internet for practically all of their entertainment needs. It is very common for people to do a bit of gambling whenever they have some free time and they don’t even have to take any special effort to do it thanks to the ease with which gambling sites can be accessed and used.
Online casinos have also been doing a lot of marketing and this has changed the popular perception about the industry. Gone are the days when internet based casinos would flood people’s inboxes with spam; these days they use better marketing techniques to build confidence among customers and not just bring in more people. It is definitely working and the industry is expanding at a steady rate.
Gambling is an activity that appeals to people of all ages and demographics. Originally, it was only young people, in the 18-25 age group that were interested in placing wagers and playing games online. However, these people have stayed with the industry as they grew older, with new players in the young age bracket continuing to join it. This ensures that the industry has a good mix of customers and can also be sustained for a long time to come.
The fact that traditional brick-and-mortar bookmakers have mostly all gone online says a lot about the growth potential of this industry and it also increases its credibility. People who have been using these businesses for a long time to place wagers are quite happy to use the online service simply because it is a far more convenient option. Furthermore, they can play online games such as slots, poker, roulette and blackjack when they are done placing wagers
Gross Gaming Yield was around $21.4 billion in 2010 and it is conservatively expected to cross $30 billion in 2015 with sports betting taking the lion’s share of the business at around 48% and casino games at around 23%. If the United States was to legalise online gambling, then the industry would have a tremendous boost. Even so, this is an excellent industry to join and plenty of companies are doing so.