Mobile Gambling: Remote playing, loyalty points, additional deposit options, multiplayer gaming options, and other features will continue to outweigh the scales towards mobile gaming against the desktop.

Delving Industry Trendsīefore entering the market, you need to be aware of gambling industry trends to understand what challenges the business may face in the coming years and what type of expertise you would need when choosing a partner. The subsequent steps in your strategic planning should involve selecting your market of operation. This analysis will help you understand whether to start an online casino, a sportsbook, or a healthy mix of both.Īlthough the iGaming industry expands globally, it’s impractical to be present everywhere simultaneously. Do you aim for a well-established market, or have you set your sights on an emerging, newly regulated one? Will you provide live dealer games to the Asian audience or focus on sportsbooks for the European market?īefore delving into the extensive planning and research phase, evaluating player demands and revenue projections for online casinos and sportsbooks is essential. Selecting your market of operation is a pivotal decision that will impact every aspect of your iGaming venture. We asked Kiril Nestorovski, a seasoned professional with over a decade of experience dedicated to the online gaming industry, to share his knowledge about what entrepreneurs should consider before entering the iGaming domain. With that level of revenue and the fact that you can run a profitable online gambling business from anywhere in the world, it’s no wonder why so many entrepreneurs want to launch their own online gaming business. The increasing usage of digital currency and the emergence of betting and gambling websites positively influence market statistics. According to Grand View Research, the global online gambling market was valued at USD 63.53 billion in 2022 and is estimated to reach USD 153.57 billion by 2030, registering a CAGR of 11.7% over the forecast period.

How to setup your own online casino