Is the iGaming Industry Still Experiencing Growth Globally in 2022?

The iGaming industry has been one of the fastest growing industries on the planet in recent years. Come the end of 2023, the iGaming industry is estimated to be worth over $90 billion globally, which is incredible. With online slots, sports betting, casino table games, card games, and eSports betting just some of the iGaming categories continuing to excel, we look at some of the reasons why the iGaming industry is still experiencing growth globally.

iGaming Legalized in New Regions

For some people around the world, such as those living in the United Kingdom, licensed and regulated iGaming has been available for many years. However, that was not the case for millions of people in other countries, who experienced legalized iGaming for the first time in 2022. States in the US are continuing to legalize iGaming and we saw new states added to the list of legal iGaming in 2022. The iGaming industry continued to expand throughout Europe in 2022, with Germany and the Netherlands introducing new legislation to regulate iGaming in the two countries. Progress has also been made in India and regulated iGaming is spreading across the globe. With so many new people introduced to regulated iGaming in 2022, it is easy to understand why the industry is still experiencing growth.

New iGaming Websites

A good sign of a growing market is when new companies are formed and enter the industry. If we look at the 2022 online casino industry as an example, over 20 new licensed online casinos were introduced in Europe alone throughout 2022. If the iGaming industry were going backwards, we would not see so many new iGaming companies entering the industry and it is a strong sign the iGaming industry is still experiencing growth in 2022. Using the online casino site MrCasinova, you can see for yourself how many online casinos are now available in Canada. This number continues to increase and 2022 has certainly been a good year for the Canadian iGaming industry.

Technology

With the latest technology, it would not be possible to enjoy the iGaming opportunities we have today. As mobile phones continue to improve in terms of screen resolution, sound, and processing power, the iGaming industry can push the boundaries of what we thought possible from online gambling. Faster and more reliable internet connections mean we can enjoy playing live casino games without worrying about losing the connection. The fast frame rate of mobile phone screens means you can play the latest online slots smoothly. Mobile iGaming is hugely popular and has continued to grow in 2022 thanks to the quality of the latest handsets. Virtual reality headsets are becoming more affordable and easier to use. Using a virtual reality headset when iGaming enhances the experience and has led to the introduction of new iGaming experiences, such as walking around a casino while sat in the comfort of your own home.

All the latest technological innovations, combined with new regions regulating iGaming and new iGaming companies means the industry has continued to experience growth in 2022.