The industries that benefit from a pandemic are online

Online gambling

Although the latest data aren’t presented yet, the expectations are that the profits of online casinos have doubled or even tripled in 2020. While many industries were in dire straits due to the COVID pandemic and some even had to close their doors, the demand for online gambling has never been this high.

The rise in online gambling seems to make sense since all online activities have increased this past year, but the rise in online casinos has other reasons as well. Let’s take a look at these!

Do online casinos have everything going for them?

In 2019 the revenue of online casinos had a worth of over 45000.00 million dollars and the expectation was that this would grow to almost 80000.00 million within 7 years. However, a pandemic hit the world and online casinos were hit hard, in a positive way. ​Free spins no deposit bonuses ​were offered twice as much as in 2019, but the number of online casino players tripled during this year. It seems that online casinos have everything going for them, except the law. Or do they?

Regulations are constantly adjusted and eased

In the last years, many countries were unable to make up their minds about online gambling. Playing at a casino is often associated with addiction and therefore, governments felt the need to restrain gambling online. However, if we take a look at what happened at ​online casino Nederland​ this doesn’t withhold anyone from gambling online. It only reassures that their money won’t fund the local economy.

How countries establish economic growth through online gambling

Great Britain and many Caribbean islands changed regulations about online gambling and allowed online casinos to operate at a certain level. The most important reason? Income. Many kinds of research showed that countries that eased regulations around online casinos experience economic growth. It even allows the tiny island of Malta to establish a pretty stable and growing economy without depending on tourism solely. Reason enough for many governments to take a second look at online gambling and its regulations.

A missed opportunity

The Netherlands has already given the green light on allowing online casinos to operate from the country. They planned to make this decision legal in the last year, but it was postponed to 2021. This will mean that profits of online casinos operating from the Netherlands can’t be taxed at the moment since operating an online casino to make profits is currently illegal in the country. However, online gambling isn’t. The result of this restriction is that Dutch people find online casinos that operate from any country that isn’t the Netherlands and spend their money there, resulting in profits for that country. A missed opportunity for the Dutch tax system which they hope to change in 2021.

Technology regulations and a lockdown helped online casinos grow

Online casinos are heavily influenced by the pandemic and global regulations, but also by technology. While the latest tech giants develop all possible tools to allow users to play, use, and work with phones and tablets, online casinos adjust to these technologies in the blink of an eye. They made user-friendliness their top priority and worked closely with the best developers to provide the best gaming experience. Most slot machines in online casinos can be played from a mobile phone, tablet, or laptop. Above that, paying online has been made flexible and reliable resulting in a more transparent and safer way of online gambling.

A stable and resilient investment

Since online gambling has been made easily accessible and more countries come to realize the economic power of online casinos, this also creates more opportunity. When looking for an investment, this market could bear fruit in the short term without big risks. Especially when taking the pandemic into consideration, this market seems stable and strongly growing with a backbone to benefit from an even heavier lockdown. Online activities of any kind have shown to be resilient and flexible during this pandemic and now might be the last chance to benefit from this development too.

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The industries that benefit from a pandemic are online

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