Is the iGaming Market Set to Boom Again This Year the Way it Did in 2021?

iGaming is a sector that may only have been in existence for 25 years, but it has already grown into a huge business. A look at recent statistics shows the iGaming market went from $64.13 billion in 2020 to $72.02 billion in 2021 at a compound annual growth rate of 12.3%. We must consider the global situation in 2021 and some land-based businesses, such as casinos were closed for a time and that could have led more people to online gambling. With that in mind, is the iGaming market set to boom again in 2022, as it did in 2021?

There are many reasons to believe the iGaming market is going to kick-on in 2022 and enjoy another wonderful year. Firstly, you must only look at the number of new countries where iGaming is becoming legal to see how many millions of extra people are going to have access to licensed and regulated online casinos and sportsbooks. The United States is a good example, and the iGaming sector is only a few years old, with some states yet to adopt legal online gambling. We expect to see many states choose to legalise iGaming throughout 2022 and into 2023, which is only going to increase the number of people gambling safely online. Even in the states where iGaming has been legal since the changes in legislation by the Supreme Court, there is still plenty of scope for improved numbers.

Moving to the other side of the Atlantic and the iGaming market is more mature than that of the US. However, there are countries who are only just beginning to legalise iGaming, with Germany and Netherlands being two good examples. Germany is a massive country and gambling operators can now begin applying for licenses to offer their services to the German public. There are rules in place in Germany which means it will not be easy for operators to get up and running quickly but as soon as they do, it is only going to add to the overall value of the iGaming market in 2022.

While some countries are working to make iGaming safer, which could see stricter rules enforced, it is not stopping the introduction of new iGaming websites. Pure Win casino is a good example and this online casino was launched in 2019, making it a relative newcomer to the iGaming market. One of the many great aspects of a new online casino, like Pure Win, is the fact they are at the forefront of technology from the outset. You only must look at their payment methods as an example, and you will find CryptoPay, Bitcoin, Litecoin, Ethereum, and Ripple all available. Pure Win have added cryptocurrency payments, and this is only going to attract more people to the website.

For those looking to make investments, it will always be faced by risks, but for some, the iGaming sector is one worth considering in 2022.