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Levant Mont
by on December 21, 2020
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During the disease outbreak, we have to accept that gaming, slot systems, even the whole casino industry are impacted. Amid the quarantine time, casinos have to close down, Meaning the only means by which people can take part in gaming is by internet poker. The spread of covid 19 and rapid digitalization has led to more people attracting online gambling. The company has expanded and expanded its convenient internet connectivity, more user-friendly and readily available gaming software, more reliable and secure money transfer mechanisms, digital currency use , and numerous betting options. Most citizens currently have electronic devices available. Different gaming sites offer different options, such as casinos, sports betting, bingo, poker, etc.

Online gambling market

Grand View Research reported that in 2019 the global online gambling market size was valued at USD 53.7 billion and that they expected to grow at a compound annual growth rate (CAGR) of 11.5% from 2020 to 2027.

According to the grand view: "Increasing adoption of smartphones and easy access to casino gaming platforms are currently driving the market. Factors such as increasing internet penetration and the availability of cost-effective mobile applications for betting are also expected to contribute to market growth over the forecast period. The high internet penetration and increasing use of mobile phones among individuals for playing online games from their homes and public places are driving the market. Also, factors such as easy access to online gambling, legalization and cultural approval, corporate sponsorships, and celebrity endorsements contributing to market growth. The growing availability of cost-effective mobile applications across the globe is further expected to fuel market growth."

The major companies that contribute to this market include

DraftKings Inc., Playgon Games Inc., Scientific Games Corporation, sbobet88, Landcadia Holdings II, Inc., Penn National Gaming, Inc.

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