With the success of many online gambling and sports betting websites like Bet365, the taboo perception of the industry has vastly decreased. What was once considered to be not family-friendly is now being advertised by some of the biggest sports leagues to families all around the world. This change in perception has led to a sharp increase in the interest and subsequently, the revenue generated by the industry.
The Big Picture Of Online Gambling
According to Gambling.net, the revenue from online gaming reached $45.8 billion in 2018.
In the UK, the total revenue from gambling was an impressive £14.5 billion.
In Canada, the revenue was found to be $17.3 billion and is expected to keep growing at a steady pace.
The worldwide online gambling industry as a whole is expected to double itself in the next few years.
Looking at the raw data, a clear picture is painted. The online gambling business has seen tremendous growth and is really thriving. But the news that should get you really excited is the fact that this trend isn’t going away anytime soon.
Naturally, you might have already started pondering the obvious question. How can I start an online gambling business and be a part of this economic boom?
Well, obviously, starting an online gaming business is easier said than done. Not all countries treat gambling the same way. Some countries have placed heavy restrictions on gambling while others are more lax about it, and there are few that even encourage it. So depending on the country of your origin, the rules may differ, so do the necessary research about the laws of the land before you jump headfirst into this new venture.
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