Projections for the gambling industry for 2022
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Ron Mendelson analyzes the global market in the post-pandemic scenario.
2020 was a year when everything changed. The COVID-19 pandemic saw the world on lockdown by mid-March. This was the year that eSports started its transition to the mainstream. Gambling became more popular, diverse and technologically advanced faster than expected.
Fast Offshore saw a significant influx of requests from entrepreneurs wanting to set up their own gambling companies in 2021. Latin America showed promise in terms of regions as more governments legalised or took steps to regulate online gambling. Asia was one of the leading regions, along with Europe.
2022 is set to be an even better year for the online gambling sector. The value of online wagers could reach $1 trillion by 2025. According to Juniper Research, the value will surpass $112 billion by the year-end.
Wearable technology such as smartwatches and home assistants will be used for sports betting and fantasy sports. Voice recognition technology and AI will also be a popular way to bet.
Consumer confidence in paying online has increased. Digital wallets, payment processors and integrated payment solutions are becoming more popular. Cryptocurrency payments are also becoming popular and stable.
Mobile gambling is a significant driver for growth. Mobile gambling needs to be developed to suit the needs of mobile users. We help with incorporation, licensing, payments, compliance and everything else you need to make your new venture a success.
