The global igaming market is forecast to grow at a rate of 10.5 per cent up to 2022, assisted by the introduction of bitcoin gambling.
That’s according to the Global Online Gambling Market 2018-2022 report, which has been prepared based on an in-depth market analysis with inputs from industry experts, featuring a discussion of key vendors operating in the market.
The report covers the growing popularity of bitcoin and the advantages to vendors offered by cryptocurrencies and also states that one driver in the market is the significant contribution of the gambling industry to he wider economy. Within the US, igaming accounted for 0.91 per cent of US GDP in 2017, while the lottery vertical is reported to have “huge potential” to create job opportunities.
The report states that one challenge in the market is high-risk factors. Although the profit margins are high, one of the major factors hindering the growth and expansion of the igaming market is the huge risk involved in running the business.
