The online casino industry has seen a huge boom in recent years, and the Australian gaming market has also seen impressive growth. The industry has been thriving since regulation came into place in 2001 under the Interactive Gambling Act. Our gambling experts have researched the gaming landscape and always strive to deliver the best accurate information on playing casino games. Follow for more.
Breaking Down the Facts
The https://online-casinosaustralia.com/ site is a source of truth for Australian casino players. The highly skilled experts leave no stone unturned when providing the best content for Aussie gamblers. We have covered the gaming industry to bring you the most interesting facts on gambling. The project is designed to keep players updated with the relevant information to ensure the safest gaming experience.
According to the research, the online casino market has grown by over 300% in the last five years. During this term, over 30 new online casino operators have entered the market. The industry shows no signs of slowing down, with an expected growth of 6% each year. With the regulation gradually improving and popularity growing, many top brands have entered to grab some of the market share. Some of the most exciting gaming brands to enter the market include Hell Spin Casino, Ripper Casino, and Fast Pay Casino.
Analysing the Industry
The online gambling market is valued at over 90 billion in 2022 and is expected to grow 10% by 2032. This exceptional growth continues, even as more markets become regulated and further rules are applied to online betting. This is because more markets are due to open up, and the increase in mobile internet for many will provide easy access to gambling platforms. The industry is now dominated by mobile play, with over 70% of gambling activity occurring on mobile devices. Additionally, the advancements in blockchain technology have allowed more players to make payments without verification required. This means players are no longer prevented by payment walls, and privacy, security, and anonymity can be enjoyed when playing online casino games.
- There are over 9.9 million frequent gamblers in Australia
- 27.5% of the young adult population gamble in Australia
- Over 60% of adults over 50 play casino games in Australia
A History of Online Gambling in Australia
The online gaming boom began in the late 1990s and early 2000s, with mostly offshore gambling operators available for Aussie players. This allowed Australians to enjoy easy access to pokies and tables. Eventually, the government responded and regulated the industry by introducing the Interactive Gambling Act (IGA) in 2001. This prevented Australian casinos from offering services to locals. However, sports betting was permitted, so the online gambling industry grew without casinos. Eventually, as regulation became more efficient and responsible gambling measures were enforced, the regulation opened up to casinos.
What Does the Future Hold?
The gambling industry is becoming more refined, with regulations constantly updating to ensure player projection. The industry is becoming increasingly competitive, with only the best sites surviving. The industry is forever moving fast, with technological advancements to be expected. The industry has embraced crypto payments, making it easier for casinos to accept and return payments, thanks to no payment verification required. The mobile performance is something that has become a focus, with the majority of players preferring on-the-go gaming. The regulatory changes will make bonuses and promotions more player-friendly, with fairer wagering requirements and transparent terms. The gaming landscape changes every few years, making the space safer and better for players. If you want to stay updated with the latest changes, you know where to go.
Australian Online Gambling Market Summary
The online gambling industry in Australia is becoming attractive for players and operators alike, with new casino sites entering the growing market. The latest gaming hubs provide players with a huge number of the best games, unrivalled bonuses and promotions, attractive site designs and seamless mobile experiences. The player growth in the market is also growing at a rapid pace, with the industry becoming more trustworthy and players not wanting to leave the house for real money casino play. If you are looking to join the world of online gambling or considering new casino sites, you should always do your research and make sure the operator is appropriately licensed. Additionally, you should always play responsibly.
