The online gambling industry continues to grow at a fast pace. The number of operators is increasing every year and competition is driving them to enhance their offerings. The online gambling industry is poised for continued growth in 2021. There are some trends that will be especially important for the industry. The first is the rise in mobile users. Mobile devices have become popular in remote areas and are increasingly used to access online gambling. Another trend is the development of new technology and innovations.
One of the most popular forms of online gambling is in-play betting, also known as live-action betting. This type of gambling involves placing bets during sporting events in real-time. This method is also more popular than fixed-odds betting. Most online bettors report having experienced problem gambling in the past, and the incidence is higher among younger users.
The second-most popular region for new online gambling sites is Western Europe, followed by Asia, Central & Eastern Europe, and Africa. In 2021, Canada is expected to launch single game wagering on its Play Alberta platform. The state also expects to legalize sports betting in the province by September 1. Currently, sports betting is illegal in many jurisdictions, but it is gaining ground in other parts of the world. Regardless of legal status, the online gambling industry looks good for 2021.
There are a number of innovative online gaming ventures in the works. One of them is Barstool Sports. This startup has already launched a sportsbook in Michigan, and plans to launch dozens of these around the US. Another project is PointsBet, which is bringing online casino gaming to Michigan in partnership with the Lac Vieux Desert Public Enterprise and Finance Commission and Northern Waters Casino Resort.