Fancy yourself as a high-roller? Then you might be wondering whether online gambling is really the best place to invest your money. There’s no denying that in this multi-billion-dollar industry, there are some eye-watering wins to be had – but gambling is also one of the riskiest ways to utilise your cash, and works best as a pastime for those who can afford to lose.
Nonetheless, there are some savvier ways to leverage the huge potential of the gambling industry, and rather than betting your cash on your next spin at the roulette table, why not consider investing in the industry via a new start-up or up-and-coming online casino brand instead?
Playing games such as slots and poker online has fast become a favourite pastime for many, with digital casinos dramatically increasing their share of the market over the past year as a result of the ongoing Covid-19 pandemic. With land-based casinos forced to close their doors to the public for long stretches of time, many regular players have been looking for an alternative way to get their adrenaline fix – and with some of the biggest-name casino brands on the block taking the opportunity to jump head first into the online space, the variety and level of service available to us via our laptops and mobile phones is now more exciting than ever.
With this in mind, there has never been a better time to invest in the world of online gaming and casinos – but as with any new addition to your portfolio, it’s important to understand what you’re dealing with before you take the plunge. Here, we take a look at some of the key points to know before you put your money where your mouth is – from the good to the bad, and everything in between.
Limitless growth
Given its huge growth over the past year alone, it’s clear that the online casino industry has huge potential, and while land-based gambling establishments remain illegal in some countries, particularly in parts of Asia and the Middle East, more and more are loosening the reins when it comes to the online space and allowing citizens to play games remotely instead.
While brick-and-mortar casinos may well be throwing their doors back open again over the coming months, it’s unlikely that we’ll see the uptake of online platforms decline. Available to play through at any time of the day or night, anywhere in the world, online casinos satisfy our ever-increasing desire for convenience and accessibility, which with today’s always-on lifestyles, is solid gold. And the advent of the no account casino has further addressed the desire for quick and easy play, allowing gamblers to get started in a matter of minutes, whether from the beach, the bed or at the office.
That’s not to say that some new start-ups won’t have to face challenges, and if anything, the competition is fiercer than ever. But as a whole, the online gambling industry continues to go from strength to strength, making it a solid investment for the future.
Endless choice
Given the ever-increasing competition within the online gaming and gambling space, it will come as no surprise that you’ll have plenty of options to choose from when it comes to where to invest your cash. If you’re worried about making the wrong call, diversifying across the market will stand you in good stead to weather any potential storms, maximising your chance of making the best possible gains without any curve balls throwing you off course. In any type of investment portfolio, it’s wise not to put all of your eggs in one basket, and the same applies whether you aim to tie up your cash in various different markets, or elements of the same one.
Of course, doing your homework will be essential here, and gaining a thorough understanding of the market share and potential growth of each of the contenders for your money is paramount before parting with your cash.
Emergence of new markets
As we mentioned, gambling remains illegal in some countries and while in some cases, land-based establishments are a no-go, others have traditionally prohibited online gambling. Known for being home to Las Vegas – the original gambling capital of the world – it might perhaps come as a surprise that until recently, the United States was subject to some stringent regulations when it came to online betting and gaming, but now that these have been relaxed, online casino providers can now legally offer their services to several US states.
With other states expected to soon follow suit, it’s clear that there is huge potential for online casinos to expand into new markets, and this is just one example of how. As more and more nations relax regulations to allow online gambling to be offered to their citizens, we can expect to see the industry going from strength to strength.
The bottom line
So, if you’re wondering whether the gambling industry is a savvy place to invest your money in 2021, then the answer is yes – as long as by ‘invest’, you don’t mean spend it all playing casino games. The online gambling industry is already raking in billions of dollars each year, and as its popularity grows, so too does its potential – so there has never been a better time to get a slice of the pie. With new markets emerging globally, seemingly by the day, and the demand for online gaming surging to new highs, you could stand to make yourself a sizable fortune – just as long as you play your cards right.
The post Is the online gambling industry a good investment in 2021? first appeared on Luxury Lifestyle Magazine.