A big part of succeeding with a Great Investment is being able to find the next big thing before everyone else.
With USA Today reporting on the increase in online gaming, or iGaming, notably from online casinos during the lockdowns of the past year and a half, there is still potential for growth in the sector. While not every state allows sports betting yet, the number is continually growing and online casinos aren’t far behind the trend. New York expects to gain more than $450 million in tax revenue from the recently legalized sportsbook, a number that makes it attractive to a number of other states.
Outside of betting on sports, traditional casino games remain a popular pastime among people. Poker in particular is a popular game. The global audience for poker is huge; Poker.org suggests millions play across the world, both in-person and online. It has a well-established set of rules and is deeply entrenched in popular culture, making it a mainstay in casinos everywhere. It is this familiarity that helps bring people back again and again and makes the digital casino industry such a solid investment at the moment.
Here are just a few reasons why online casinos are a good investment for those willing to go all-in on this growing trend.
Increasing Revenue
We’ve already mentioned how more and more states are legalizing iGaming. Fewer than half of states have legal online casinos, but the industry is expected to bring in over $90 billion in revenue by 2025, according to Finance-Monthly.com. With so much money at play, investors will want to dive in and get a hand in before there are too many people in the pot.
With this growth in revenue and with expanding legalization, there are more and more online outlets popping up to provide new people with the iGaming experience they are looking for. As everyone’s activities have shifted more online in the previous two years, it is foreseeable that this trend would continue, further driving an increase in money and a return in investment for people who manage to get in early.
New Ways to Play
Like any other business, iGaming relies on nearly constant innovation to stay on top. With increased competition, there are now new ways to play and, as a result, more avenues for investment. Virtual tables seek to emulate the in-person casino experience using the latest technology. An ever-increasing number of online slots and bingo sites ensure that there is always a game available for people to latch onto as their favorite. There are more ways to play traditional casino games online than ever before.
Online casinos are still an emerging avenue for investment, so it is tough to tell exactly where it will end up when this period of growth ends. Finding a company who is poised to take advantage of this upward trajectory will help investors make sure they have a healthy pot waiting for them when the cards are all dealt.
More Online Casinos are Openly Traded
While many traditional casinos have a reputation for being closed to outside investors in normal circumstances, online venues are more likely to be traded on normal stock exchanges. This means that it is easier than ever to buy shares in companies but also that they are required to share their profits and losses more openly. This information makes it safer than ever to invest in online casinos.
Got more questions about investment in online casinos or other industries? Be sure to stay up to date with BubbleDock.com to keep informed of the latest news to give you the edge you need for your portfolio.
