The gambling industry is growing and growing, always reaching new sign-up records. The number of online casinos are also increasing steadily from month to month.
In the Corona crisis year 2020, the gambling industry fared considerably better than many other economic sectors, some of which had to accept high losses. The forced break from work led many people to engage in online casino games in their sudden free time. These gambling platforms are made for this because here you can play not only with real money but also with virtual money.
No wonder, then, that in the crisis year of the Corona pandemic, fierce discussions between gambling halls and online casino operators flared up. The nerves of the gambling hall operators were bare, as they could often not comply with the state-prescribed corona measures and sometimes had to close their gambling halls. That’s why more and more gaming enthusiasts migrated to the world of online casinos.
Reasons for the growth of the online casino industry
Although the Corona crisis and its rules of conduct have lost much of their momentum, the trend towards playing in an online casino has remained and will continue.
However, there are more reasons for the growth of the online casino industry than just Corona:
- attractive bonus offers for new players
- more and more players are using their mobile phones to play
- huge range of casino games
- secure online payment methods
- technical advances
- consequences of German legalization
Attractive bonus offers for new players
All online casinos offer generous bonus gifts for their new players. It does not matter whether someone has already gained experience in the stake casino or not. Qualifying for receiving bonus money is that the player registers for the first time in the respective online casino.
The providers enter into tough competition in terms of bonuses and try to outbid each other with offers. The extremely popular bonus funds are an optimal starting capital for every new player when they are new to an online casino. In addition to a welcome bonus, users can also benefit from Cash Back if they lose a game or from a reload bonus if they make another deposit.
These numerous generous offers attract more and more players, registrations in online casinos are increasing and gambling platforms are becoming more and more popular.
More mobile phone users
Also interesting is the increasing number of mobile accesses to online casinos. In 2020, the number of mobile players increased by 58 percent compared to the previous year. This may also be due to the fact that more and more casino operators have created the basis for this with optimized websites or casino apps.
The high number of people worldwide using their smartphones for all sorts of everyday things is another next important factor that is increasing popularity within the online casino industry.
The optimized websites do not require any download or they also work completely independently of the operating system of mobile phone or tablet. The websites can be accessed with the browser from any mobile device. Rapid technological growth and advancement have also contributed to mobile gaming, improving authentication and security issues for mobile phones as well.
Huge range of casino games
If you are interested in casino games, you are spoilt for choice, because online casinos offer a huge selection of exciting and varied casino games. What drives many players to gambling platforms is also the opportunity to play completely free. Most providers also make their portfolios available for testing. In this way, everyone can test whether the online game likes it or not.
Here is also the multitude of partnerships with software providers in an online casino decision – because they present exactly games that are popular and well-known among casino players.
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Security, progress, and legalization
Secure Online Payment Methods – The digitization of currencies combined with secure online payment options has also fueled the growth of the gambling industry. Nowadays, players from all over the world can deposit and play their currencies at almost all gambling providers. Meanwhile, many online casinos also accept cryptocurrencies such as Bitcoin, Litecoin, or Ethereum.
In addition, there are now such secure payment methods as PayPal or thee-wallets, Neteller, and Skrill, where the player does not have to disclose any personal data in the online casino. In addition, all data and money transfers are protected by modern SSL encryption technologies.
Advances in technology allow casino operators to offer entirely new games – such as augmented reality (AR) or virtual reality (VR). This refers to the interplay of digital and analog life, whereby realistic gaming sometimes works via the camera of the smartphone or glasses. More and more players have the necessary equipment, which is why online casino portfolios are being expanded with corresponding offers.
Gambling platforms are becoming increasingly secure
All gambling providers enter into cooperation with renowned software providers such as NetEnt or Microgaming, who present their top games on the platforms and who also have valid licenses like the gambling providers. This ensures great security because who is licensed, is checked by the respective local gambling authority in all regularity, whether the conditions imposed on the licensing are complied with.
In addition, all online casinos have random number generator software that ensures safe, fair, and random gaming results.
Legalization and its consequences
The new gambling regulations, which came into force on 1 July 2021 with the new German State Treaty on Gambling (GlüStV), gambling in online casinos are legal. Until then, the players as well as the casino providers moved with their gambling offers in a legal gray area. That time is now over.
Although players are subject to numerous restrictions with new stricter regulations in favor of player protection, online casinos with a German license are legal. In addition, German players who wish to circumvent these restrictions (deposit, time–bet limit, OASIS blocking system, etc.) may use the EU freedom to provide services. This means that they can also play legally in online casinos that can show a license from another EU country.
More and more German players are taking advantage of this and eagerly registering at online casinos without restrictions and limits abroad because thegerman-licensedonline casinos restrict their freedom of play with their limits. The operators know this and therefore every month new online casinos open their gambling doors.