Online gambling’s recent growth spurt began in the 1990s after the World Wide Web made it possible for a casino anywhere with internet access. The invention of the more sophisticated smartphone has revolutionized online gambling, and one can carry a casino easily in their pocket whenever and wherever they want. There are plenty of interesting facts about the transformation of the gambling industry. Here is the list of top 5 fun and mind-blowing facts about the online gambling industry:
Increase in Young Gamblers
People who have grown in the age of the internet have turned towards online gambling for entertainment. So, it is not that hard enough to deduce that games like slot gacor are appealing more to the younger generation. Revealing statistics has shown that the average age of gamblers significantly dropped from 49.5 in 2019 to 43.5 in 2021. All credit goes to increased smartphone penetration.
The Online Gambling Industry Is Less Than 30 Years Old
Relatively a new industry, online gambling has grown into an economic force. Real money online casinos went live only in 1996. Next year more than 200 online casinos followed suit and collected a staggering amount of cash a year. Since those days, online gambling has exploded, hitting an unimaginable revenue in 2020, and is expected to cross $100 billion in the next few years.
Online Gambling Had Peaked During the Covid Lockdown
The term shelter in place became more familiar during the Covid lockdown. This resulted in a swift surge in online gambling. As land-based gambling shut down due to lockdown and other businesses, people who like gambling turned to online more than before. Many newcomers also entered into online gambling as they find it more entertaining. This mix of old and new customers caused the global online gambling market to grow.
Slots Still Use Fruit Symbols
In the early 1900s, the earlier version of slot machines offered the option of a gum vending attachment. As the players put the coin in the slot, pulled the lever, and there came a chew or two. The gum offered for these slot machines came in many fruit flavors like lemon, cherry, oranges, etc. This was the reason behind the fruit symbols that were placed on the reels, and slots came to be known as fruit machines. This tradition is continued in online spaces. The fruit symbol is still popularly used in modern 3-reel online slots.
The Mobile phone Revolution
Hi-tech technological advancements have contributed significantly to the growth of the gambling industry. One of the most significant breakthroughs was the usage of smartphones and the internet for gambling online. It was estimated that more than 6.6 billion people around the world use a smartphone, which is close to three times the number of people using their P.C for gambling. It was predicted that mobile phone gambling would make up to 70% of the revenue from online betting.
Bottom Line
The story of gambling is both risk and reward, along with fun. When you play games like slot gacor online, you are carrying keep in mind that you are carrying a tradition that has advanced with civilization.
