iGaming, also known as internet gambling emerged a couple of years ago, most likely in the early 2000s. Since then, it has grown in popularity, being one of the most undertaken fun activities on the internet.
Business–wise, the industry has shown tremendous growth, cashing in billions of dollars in less than 2 decades of existence.
What is iGaming?
iGaming is an activity that involves the playing or betting on online casino games where payments are made, hoping to acquire prizes of monetary value.
Some of the online gaming activities categorized under iGaming include sports betting and online casino betting. Free games on the internet are not categorized under iGaming, rather are known as ‘social games.’
Some of the most widely played online casino games include baccarat, fire joker slot, roulette, blackjack, and many more. As a beginner, choosing a game depends on preference, skillset, and accessibility, among other external factors.
Why is iGaming popular?
iGaming is indeed popular. It is not new but a buzz word that seems to be growing by the day.
Conventionally, players went to land-based casinos to enjoy their favorite casino games. Also, betting was a ‘taboo’ and punters only partook of it behind closed doors. However, this did not stop money-thirsty players from engaging in the sport.
As the need for gaming and betting continued to grow, game operators sought ways to reach a wide range of clients. Technological advancements in the gaming industry saw the production of various gadgets that punters could use to gain access to various online gaming platforms. Gaming operators used these technologies to tap into the lucrative online market.
With access to online gaming, players no longer saw the need to visit brick and mortar casinos. All games were accessible instantly with the touch of a button. Considering that the majority of the world’s population has internet compatible mobile devices, the iGaming industry will still see a significant increase in its income in the next couple of years.
Malta, one of the Biggest iGaming hubs in the World
Yes, iGaming has seeped into a majority of the world’s countries. However, there are countries where online gaming is not just a part-time activity but a way of life.
Let’s delve into specifics.
If you are an online gaming enthusiast, you now understand why Malta Gaming Authority is one of the largest and most popular online casino licensing bodies. Despite being a tiny Island, Malta has leveraged the perks of iGaming by being an authority in the niche. Furthermore, iGaming contributes 10% of the country’s GDP.
Not to be fooled, Malta only joined the online gaming industry in 2014. Almost a decade after other countries. However, their expertise and prowess have morphed them into iGaming giants.
What holds for the future?
Considering the massive strides iGaming has taken in the last couple of years, we cannot wait to see what is in store for us. But we can be sure to see better customer satisfaction.