Connect with us

Powered

728x90 banner available here

Latest News

Future of Global Gaming Industry Moving into 2020 and Beyond

Published

on

Reading Time: 5 minutes

 

The iGaming industry is still growing as 2020 approaches, with existing trends continuing to show promising signs and emerging markets boosting overall revenues for the industry as a whole. According to reports, the global online gambling market was worth $46 billion in 2017 and is expected to be worth $87.75 billion by 2024. This represents a growth of more than double in the coming years.

Although these figures seem radical, a closer examination of the industry reveals a lot about the possibilities for additional online gambling revenues, especially in the USA and Asia-Pacific. When it comes to subcategories, sports betting takes the lead globally, and with the introduction of legalised sports betting in the USA, this is expected to create an online boom of its own. Online casino gaming follows as close second in the breakdown of market share.

Impact of Online Sports Betting

Photo by Pxhere // CC0 1.0

 

Sports betting is already an incredibly popular activity, with some estimates claiming that it accounts for around 40% of online gambling revenues. The major recent catalyst in this market, and one that is still impacting the rapid growth rate of the industry to this day, has been the legalisation of sports betting in the USA.

Following the overruling of federal law in 2018, it was left to individual states to regulate the online gaming landscape for themselves. Since then, business has been booming for those States which have got ahead of the curve with sports betting. According to the American Gambling Association, New Jersey handled around $250 million in sports bets in October of 2018, while Nevada took over double this, $528 million in the same month.

Online and mobile sports bookmakers can now be accessed in New Jersey, Nevada, Pennsylvania, Rhode Island, Iowa, Indiana and West Virginia, with more States expected to follow.

Europe is still the biggest sports betting market in the world, and the UK is still a major industry player. Both benefit from a mature and well regulated market. The future valuation for the USA is speculative, but estimates suggest that if 32 States joined the sports betting revolution the market would be worth over $6 billion by 2023.

Asia-Pacific is another huge market, and one that could expand if regulation and policy allows. Macau is the biggest gambling city in the world, even overtaking Vegas when it comes to bets and gaming revenues, though the activity remains forbidden throughout much of the region. The continent has a population of over 4 billion, and is undergoing beneficial shifts that could turn the tides of online gaming, such as increased disposable income and internet penetration.

This all points towards a rapidly growing and highly investable sports betting market, with opportunities not only for well-established bookmakers, but also for back-end companies like International Game Technology (IGT) and Bragg Gaming Group. The sports betting market is really just getting started in some major areas of the world, while in others it is still rapidly growing.

Online Casino Industry Still Booming

Photo by Envato // Envato License

Although online sports betting is by far the dominant market force, other segments are still holding strong in terms of revenue and growth. Online casinos represent the second largest subcategory by global revenue. In some countries, online casinos still represent the largest category for online betting. For example, in the UK, £2.6 billion of £4.5 billion generated online comes from online casino games, whereas £1.6 billion comes from online betting.

In Europe, the online gaming market is expected to grow from €19.9 billion in 2017, to an estimated €24.7 billion in 2020. Sports betting represents 40.3% of the market, while online casino gaming represents a significant 32.1% of the market.

As the industry is much more developed in Europe, major brands sit at the top of the market, and have had the opportunity to expand into multiple verticals. Due to rising competition in the sector some companies have focused on unique design elements. Many of the industry leaders operate in several verticals, such as online casinos, poker sites, bookies and bingo. 777 casino is a good example of how to design a unique great online casino around an interesting and surprising retro style of Vegas of the fifties theme.

The situation is very different across the water. The USA has had a complicated relationship with online casino gaming, but due to the recent changes in gambling legislation, the decision of whether to allow and regulate it has once again been left up to the individual State. So far, Nevada, Delaware, New Jersey and Pennsylvania have a limited number of online casinos available.

With the rapid rise of sports betting in the USA, and the revenue and taxes that it will generate, many anticipate that online casino gaming will follow.

States such as Michigan, Kentucky, West Virginia and South Carolina are all currently undergoing potential transformations when it comes to the online casino segment of the industry. If these states allow regulated sites, this will again increase the USA’s gambling revenues and overall global industry market cap.

Future of Online Gambling

Esports is one of the fastest growing online betting markets

As already discussed, the future of online gambling seems to lie not only with the continued growth of the more mature markets like Europe and the UK, but also with the current rapid expansion of sports betting and online casinos in the USA, as well as the potential opening up of the huge Asia Pacific market in coming years.

American sports are already very popular sports betting options with non-US citizens, and with US citizens who are legally able to sports bet. Sports like the NFL, NBA, MLB and NHL make up a full sports calendar of hundreds of games that will attract punters to betting stations. Expect an explosion of sports betting in the States.

Another surprising online gambling trend, and one that has yet to be mentioned here, is the growth of esports as a betting market. Esports has seen complete transformation over the last few years, and has now established itself as a serious competitive industry. It has even been compared to traditional sports, and in some nations, such as Sri Lanka, is officially considered as sport.

Gaming tournaments like Fortnite and DOTA2 International fill stadiums, pull in millions of viewers online, and offer millions of dollars in prize money to winners. Not surprising then that esports is one of the fastest growing betting markets. With its growing popularity, comes more opportunities for wagering at online bookies.

In fact, esports and traditional sports betting could be set to combine into an international boom that catalyses the entire gambling market.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Future of Global Gaming Industry Moving into 2020 and Beyond

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

Latest News

Take Aim at Mega Wins: ELA Games Unleashes Chaos With New Shooter Game “Shoot Happens”

Published

on

Reading Time: 2 minutes

 

A chaotic jungle journey with big, bad foes and insane riches.

Welcome to the jungle, where Shoot Happens! Face your opponent, take aim, and fire your way to riches.

ELA Games unveils its boldest title to date, a combination of decision-making and narrative progression where every shot counts.

In Shoot Happens, you’re not just a player. You’re the main character who has to fend off waves of increasingly dangerous (and valuable) monsters. Armed with 3 shots per round, you’ll need precision and calm nerves to take down the reward and add it to your Winpot. Hit the target for riches. Miss… and it’s back to the beginning.

The Choice Is Yours

Each round is in the hands of the player. Do you cash out now? Or keep slashing through the jungle for bigger and better rewards? Decision-making, timing, and a whole load of guts go a long way.

Expect the Unexpected

Random projectile bonuses can appear in any round, boosting your rewards massively. And just when you thought your journey through the treacherous jungle was over, the final boss appears. While the other monsters may have been a piece of cake, he doesn’t stay down. Each time you defeat him, he respawns for juicier and recurring payouts. Keep going as long as you can handle it, and you might walk out as the top dog of the jungle.

Marharyta Yerina, ELA Games’ Managing Director, commented on the game’s release, “With Shoot Happens, the team ventured outside of conventional game formats, and we wanted to give players a super engaging experience where they’re in control. This title is a bold approach to game design in this industry, as we’re empowering players with choice and enriching the gameplay experience with strong visuals, narratives, and plenty of replayability.”

Play how you want. The Winpot is yours

Shoot Happens is the perfect blend of fast-paced action, bold decision-making, and interactive gameplay. Whether you’re a cautious player or a complete daredevil, the game is an enticing experience for all.

How deep into the jungle are you willing to go?

The post Take Aim at Mega Wins: ELA Games Unleashes Chaos With New Shooter Game “Shoot Happens” appeared first on European Gaming Industry News.

Continue Reading

Latest News

HIPTHER Enters Next-Level Operations Era: E-Residency, Flexibility, Tech & Collaboration

Published

on

Reading Time: 2 minutes

 

HIPTHER, the innovative events organiser and media hub behind renowned boutique conferences and online news platforms for the iGaming and Technology industries, is thrilled to announce its new, dynamic era of operations.

Staying true to its international character, HIPTHER breaks free from geographical and logistical limitations by becoming an e-resident company of Estonia and embracing a fully remote work model built on trust, flexibility, and technology.

 

Estonian E-Residency: A Logical Step Forward for HIPTHER

With a strong focus on innovation, digitalisation, and entrepreneurship, Estonia has long been at the forefront of e-governance. For HIPTHER, a company operating across borders with a digital-first mindset, joining the Estonian e-Residency programme was not just a strategic move – it was the natural next step.

The e-Residency allows HIPTHER to maintain a fully online EU-based company, benefiting from Estonia’s transparent business environment, streamlined administration, and modern legal framework. It enables the team to manage operations more efficiently, with secure access to digital services and the freedom to work from anywhere in the world.

Estonia’s global-first approach mirrors HIPTHER’s own values: agility, decentralisation, and forward-thinking, making this alignment more than practical; it’s philosophical. With its new base in the digital nation, HIPTHER further amplifies its mission to connect industries, foster innovation, and redefine how modern companies operate and grow.

 

Remote Work Model: Trust, Flexibility, Collaboration in a Tech-forward Era

Supported by e-Residency and the innovative mindset echoed across HIPTHER’s conferences, virtual events, and media outlets – which cover cutting-edge industries such as Gaming, Fintech, Blockchain, Artificial Intelligence, Cybersecurity, and beyond – the #hipthers are now able to collaborate fully remotely.

Following technological advancements and staying true to its human-centric values of wellness, balance, trust, and originality, HIPTHER takes a bold leap toward remote work –  where others can’t or won’t.

From managing international summits and awards to running online media and virtual panels, HIPTHER has long relied on digital infrastructure, and now turns this into a permanent advantage.

Zoltan Tuendik, HIPTHER’s Co-Founder & Head of Business, shared his thoughts behind this big next step for the company: “We believe in building a future where innovation, flexibility, and human-centric values guide everything we do. For several years now, our team has been working across borders, embracing remote collaboration and digital-first operations. With this step we’re solidifying and elevating a way of working that’s already part of our DNA. Becoming an e-resident company empowers us to bring lasting change and sets the stage for our next chapter of global impact.

 

Join the #hipthers Journey – We’re Hiring!

HIPTHER is growing, and we’re on the lookout for passionate, creative, and driven individuals to join our fully remote team. If you’re excited about working across dynamic industries like iGaming, Tech, Blockchain, and more, we want to hear from you!

 

Open Positions:

  • Social Media & Audience Engagement Lead
  • Virtual Events & Community Coordinator

👉 Check out the openings here –  send us your CV and a short intro to:

[email protected]  or [email protected]

 

We look forward to hearing from you!

The post HIPTHER Enters Next-Level Operations Era: E-Residency, Flexibility, Tech & Collaboration appeared first on European Gaming Industry News.

Continue Reading

Latest News

Midnite launches in-stadium £1,000 giveaway for Sheffield United and Southampton fans at every home league game

Published

on

Reading Time: 2 minutes

 

  • Brace Yourself campaign gives supporters chance to win at every home league match

  • Cash prize awarded every time a home player scores two goals

  • Midnite will match winning prize pot with charitable donation

Fast-growing UK sportsbook Midnite will give Sheffield United and Southampton fans the chance to net £1,000 at every home league match throughout the new season.

Midnite is the front-of-shirt sponsor for Sheffield United and the back-of-shirt sponsor for Southampton and is launching the Brace Yourself campaign for supporters of both clubs.

It means every time a home player scores twice – a brace – one lucky member of the matchday crowd will grab a grand or possibly more – if no brace is scored, the prize pool will roll over to the next home match.

Midnite will also match the prize pool with a donation to charity close to each club.

Fans at Bramall Lane and St Mary’s can enter by scanning QR codes placed around the stadiums and in the matchday programmes and a seat number will be drawn at random before kick-off.

Brace Yourself kicks off on Saturday (August 9) when Southampton host Wrexham and Sheffield United entertain Bristol City.

Andrew Mook, Midnite’s Head of Brand Marketing, said: “We want fans to be on the edge of their seats throughout the season.

“When a home player scores a brace in the EFL Championship this season, Midnite will reward one lucky fan with a cash prize giveaway. Starting off at £1,000 and rolling over each week if there isn’t a winner, the excitement should build throughout the campaign.

“Midnite will also match the fan prize and donate the same amount to a local charity, in a bid to repay some of the amazing work that they do within the local community.”

 

Midnite’s Brace Yourself campaign is open to fans aged 18 and older.

The post Midnite launches in-stadium £1,000 giveaway for Sheffield United and Southampton fans at every home league game appeared first on European Gaming Industry News.

Continue Reading

Trending

EEGaming.org is part of HIPTHER, parent brand of various prominent news outlets and international conferences. These platforms and events span a wide range of industries, including Entertainment, Technology, Gaming and Gambling, Blockchain, Artificial Intelligence, Fintech, Quantum Technology, Legal Cannabis, Health and Lifestyle, VR/AR, eSports, and several others. This indicates that EEGaming.org is part of a larger network that focuses on a diverse array of sectors, particularly those related to cutting-edge technology and modern lifestyle trends.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2025 HIPTHER. All Rights Reserved. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.