The internet has changed the way industries conduct their business. One of the major industries that have seen a major shift in recent years is gambling. From its humble beginnings nearly two decades ago, online gambling has become a billion-dollar industry and shows no signs of slowing down in the coming years.

The rise of digitalism has changed the landscape of the business world and our lives globally. Communication has become faster, and processes have become streamlined and swift. It has had a major impact on how we go about our lives and conduct our daily activities.

Considering how deeply the web of the internet has intertwined with our daily living landscape, there is a constant increase in individuals using the internet on a daily basis for multiple purposes. Today millions of individuals log on to various online casino sites to play their favorite casino games that they originally used to play in land-based casinos.

Let’s look at how online gambling became such a popular worldwide phenomenon over time.

When gambling became available online with the launch of the first online casino in 1993, not a lot of people were accustomed to the idea of playing online. There were not a lot of options, and the internet also wasn’t so widely available, so people also didn’t have the opportunity to access the sites freely. Around that time, the first online gambling venue became available to the general public in 1994, with the launch of the Liechtenstein lottery.

Over the following years, other players entered the field and paved the way for individuals to come forward and try their hand at online gambling. As individuals’ interests began to grow, more sites were launched. Game developers strived to introduce new and innovative features to keep up with the pace of technology advancements and gamblers changing player preferences.

Another factor that contributed to the growth in popularity of online gambling and the scale of business was the increased use of smart devices. Due to mobile devices’ increased usage, situs judi online casinos introduced sites that were compatible with multiple forms of devices so the sites could be accessed from anywhere and any device.

The rapid onset of the online gambling industry has further escalated recently in times of pandemic. As all forms of socialization came to a halt, major events were canceled; people were locked in their homes, and many businesses shifted to a remote working model.

As a result, the use of the internet increased manifold as people had a lot of free time and nowhere to go. During that time, many people found online gambling to be a good way to pass their free time and kill boredom. Regular gamblers who could no longer go to land-based casinos found the online alternative quite a convenient and enjoyable option and preferred to continue playing online even after normal life resumed and gambling venues opened.

The global online gambling industry is forecasted to reach $127.3 billion by 2027. With an estimated CAGR of 11.5% in the next 7 years, the industry has promising prospects and shows no signs of slowing down, as technology is constantly evolving and more people are becoming frequent internet users.