Online Slots Industry – Statistics for 2018
The online casino world keeps evolving, changing and growing and it’s not showing any signs of stopping any time soon. But do you know what you can expect for 2018 and beyond?
This year, as well as the years before, the online slots industry has been stronger than all the other online casino games. It seems that everyone favours video slots before any other type of casino game. But how much is the online slots industry worth? Well, billions. Seeing as the slots make up about 70% of the market that was at USD 44.16 billion in 2016 and is estimated to reach USD 81.71 billion by 2022, at a CAGR of 10.8%.
It’s a great time to get into the online slots industry, both as a player, an affiliate or even an online casino. You don’t even have to worry about how to get into the online slots industry because there are hundreds of articles to help you out and make your transition easy.
In 2018, Europe has the largest regional share in the global online casino market, and more than 80 nations have legalized online gambling. In Asia the online gambling sector hasn’t seen as much growth because country like Singapore have made gambling illegal.
The USA has three states at the moment that allow online gambling, and more are expected to start adopting these regulations, thus growing the market in the States. Unfortunately, Africa doesn’t show any signs of legalizing the online slots industry and have a similar approach to that in Asia.
As for how the online slots industry works, you will see that as technology progresses, so does the industry. The use of mobile devices has increased tremendously and at the moment if an online casino doesn’t have a mobile version it’s quite improbable that it will remain on the market a lot longer.
As we see VR technology on the rise, we are quite certain that the online slots industry will start using the technology to further expand their horizon and make slots even better and more immersive. This might not necessarily happen by the end of 2018 but expect to see it grow in the near future.
So, the statistics for the online slots industry in 2018 are looking quite well. We can expect to see the industry growing even more in the years to come. This is great news for slot players because this means more games, better bonuses and more variation all-around.