Though the first online casinos went live in the mid-’90s, iGaming has only recently exploded into the mainstream. The innovative, fast-paced industry has seen expediential growth in recent years. The global iGaming market was valued at $72 billion in 2021 and is expected to reach $131.4 billion by 2027, presenting a CAGR of 9.96% between 2022 and 2027.
As more and more people get access to internet-available smartphones, the popularity of iGaming continues to surge. It has become increasingly popular among players who prefer gambling from the comfort of their homes.
What is iGaming?
iGaming refers to playing or betting on the outcome of games or sports events online. It encompasses all forms of online gambling including slot games, poker, lottery, virtual sports, video gaming, and sports betting. With online casinos, players no longer have to wait for a table or slot to get free.
Most online casinos either have a downloadable app or mobile-friendly website, allowing you to access your favorite games 24/7. Some online casinos specialize in a single form of gambling, while the majority offer wider options. Novibet, for example, offers a great variety of casino games including classic slots, roulette, slingo, book slots, and many others. With online casinos like this one, you can indulge in a conglomerate of games anywhere, at any time.
How is it helping people who prefer to play from the comfort of home?
Convenience is the most impressive feature of iGaming. Online casinos allow you to gamble whenever you want and wherever you want. An electronic device with an internet connection is all you need to gamble online.
With online gambling sites, you can indulge in a great variety of casino games while relaxing on your living room’s sofa. You no longer have to get dressed, leave your house, and drive to a brick-and-mortar casino to gamble. Neither do you have to fret about getting to the bookmakers in time to place a bet before a sporting event or getting a seat at the poker table.
Modern gamblers have grown up under the ubiquitous influence of modern information technologies and they prefer playing online. They want a service that’s accessible around the clock.
A few years back, online casinos were not powered by advanced technologies like virtual reality and augmented reality. Therefore, people who gambled for entertainment value preferred traditional facilities over online casinos. However, the application of virtual reality in iGaming has completely changed players’ preferences. VR-powered casinos provide players with interactive lifelike gambling experiences.
Players are subject to opening hours when they gamble at a traditional casino. Though some brick-and-mortar casinos are open 24 hours per day, they may not provide all of their services around the clock. What if you want to place a wager on a sporting event and the sportsbook is closed?
Online sportsbooks are available to place bets all day and all night. Whether you want to engage in betting during the early hours of the day or in the middle of the night, all you have to do is log into your casino account on any electronic device and place a bet.
Some of the top online casinos offer mobile apps for both iOS and Android. With these in place, you can engage in online gambling from your mobile phone, iPad, and even smartwatch.
Online casinos are more convenient than brick-and-mortar casinos in every respect. There are plenty of options for making deposits in online casinos. Traditional gambling facilities typically require players to make deposits with cash. In online casinos, you can make a deposit via a range of payment options including credit cards, crypto wallets, and direct bank transfers among others.