The online casino industry is booming, with online slots leading the way. The latest forecasts suggest that it will be a $127.3 billion industry by 2027. A number of reasons, including pandemics, have contributed to the growth of this industry. This article looks at the dynamics of the dominance of online casinos in online gambling as a whole.

Over the last decade, players have shifted from traditional gambling to online gambling. This is due to the convenience of online gambling. Players no longer have to touch a tram to get to and from land-based casinos. What else? Online gambling attracts many generous bonuses as there are no overheads to pay for renting the premises.

The online gambling industry

In the online gambling industry, the main gambling opportunities are sports betting markets, online casino games and lotteries. At the time of writing, online casino games account for a huge share of gambling revenue.

Online casino games industry

Online casino games industry

Casino games are a fan favourite in the online gambling sector. Online slots are one of the most popular games. According to the latest data, 48% of casino players in the United States use online slot machines. This is followed by blackjack, which boasts a 16% share, while poker has 6%. Despite being one of the easiest games to play, roulette is a distant fourth with 5%.

Interestingly, the Public Broadcasting Service (PBS) reports that 68% of traditional casino enthusiasts frequently play slots.

So why are slots popular?

Well, the answer is simple; slots are easy to play. Unlike cards and other casino games that require skill to play, the casino reels of slot machines can be spun by anyone from young to old. Interestingly, winning is based on luck!

Behind the growth of the online casino industry

The online casino industry has grown exponentially. Today, online casino games are one of the fastest growing online markets, with a number of factors contributing to its growth.

The first is Covid-19. According to the study, the pandemic caused 64% of people to spend more on online gambling.

The second is the demand for online casino games. Nowadays, gamblers are more fascinated by online gambling, on desktop and mobile, than land-based casinos, of which there are few. Statistics show that more than 90% of gamblers prefer to play in comfort, whether it’s at home or even on the go. 

Fortunately, this is a demand that the casino software industry has met. Several operators have also played a crucial role in the success of the online casino industry.

The role of technology cannot be ignored either. Technological advances such as HTML5 have changed casino games. For example, in online slots, players can immerse themselves in the reels as if they were in one of the best land-based casinos in Las Vegas. On the other hand, online casino slots create an authentic land-based casino atmosphere. It’s all because of technology.

The future of the online casino industry

The future of the online casino industry

In the current climate, the online gambling industry is set for even greater growth as more and more people are attracted to casino games, especially those that do not require skill and are based on luck, such as slots.

Lucrative bonuses will also play an important role in the future of the industry now that operators will use them as an incentive to attract new players and retain customers.