Over the last decade, online casinos and sports betting software have completely changed the way people gamble. Players are increasingly looking for advanced and innovative gaming solutions with improved graphics, sound quality, and features. The rising popularity of social media and mobile gaming among various age groups is also boosting the growth of the market. There are various renowned online casino software providers like GammaStack which offers top-notch online casino software solutions for the growth of online casino businesses.
The industry is expected to keep growing in the following years, and here we are going to list 5 markets that will remain promising for online casino software solutions in 2022.
- The United Kingdom
The United Kingdom is a big player in the global casino games software, with £6.2 billion worth of revenue. The UK’s market has been growing steadily over the past decade and isn’t expected to slow down any time soon.
According to data from Statista, the British online gambling market is set to grow by a whopping €1 billion in 2022 alone. That represents a 30% growth rate.
This trend shows no sign of slowing down as more people look towards online casinos and sports betting software as an alternative source of entertainment — with some luck and skill they can earn some money while having fun at the same time.
Germany was one of the first European countries to embrace online gambling and it remains a huge market for casino operators today. In Germany, online casino software solutions have legal status thanks to changes in regulations that took effect in 2012. This means that even though offshore casinos remain illegal in Germany, they are largely unregulated so players can enjoy access to hundreds of sites without fear of legal repercussions.
The fastest-growing market in Asia for online casino software in Vietnam. With recent laws that allow Vietnamese citizens to gamble in casinos, the gambling market will skyrocket. There will be a plethora of opportunities for casino software companies to build relationships with Vietnamese casinos, as this market is expected to grow at an annual rate of 20% from 2022.
Japan is another one of the most rapidly developing markets for casino software due to its recent legalisation of gambling in 2016. Japan’s market is expected to be worth $40 billion by 2025, which means there will be a lot of opportunities for casino software companies to establish profitable relationships with Japanese casinos in the coming years.
Italy boasts a long history of gambling venues and gaming clubs, which has been bolstered by recent legislation that makes it easier for casinos to operate in the country. There are now approximately 1 million Italian citizens who gamble online regularly.
This market has been dominated by local operators for years, but with the increasing popularity of online casinos, international operators have finally started entering the Italian casino market. And with many prominent casino brands already present in Italy, many more are likely to follow suit soon.
Online casino software solutions are entering a new era, as regulations worldwide and the integration of cryptocurrencies lead to improvements in the gambling experience. The next decade is poised for growth, and these five markets will be at the forefront of change.