iGaming Industry In 2023
The iGaming industry has seen rapid growth in recent years. The global market is expected to reach over $60 billion in 2020. In this article, we show you the detailed picture of i gaming industry trends and conditions during 2022 and outline some predictions for the next year.
2022 was a great year for the iGaming industry. Mobile gaming, virtual reality and augmented reality were the main trends that drove growth in this sector. There was also an increase in interest from traditional sports betting companies and innovative products such as fantasy leagues. Cryptocurrency-based gambling sites became popular due to their anonymity and low transaction fees. Challenges in the industry were caused by a lack of regulation and an increased competition. Many operators struggled financially or even went out of business. iGambling industry is active when it comes to partnerships.
Experts predict that the iGaming industry in 2023 will be safer due to a new regulatory environment from the EU. Stricter regulations are expected to be implemented. The igaming industry will increase in the USA as their betting and gambling become more diverse. The high dynamic of development on the US market and increased gaming portfolio will also help to increase the diversity of the industry.
