“I want people to understand, gambling is not a bad thing if you do it within the framework
of what it’s meant to be, which is fun and entertaining.” – Michael Jordan
In this featured MyWager article we will cover the world of Online Casinos. Online Casino gambling is growing in popularity. One of the biggest benefits of Online Casino games is It’s easily accessible through any smart device, gaming choices are practically limitless and the experience itself is entertaining. With continued growth, the industry’s market size is expected to reach up to $127.3 billion by 2027, according to a report by Grand View Research, Inc.
The biggest online casino win was around USD 24 million
The world record online slot machine win was captured in 2013 by a Finnish man in his 40s. With only a 25-cent bet on the Mega Fortune progressive jackpot game, the lucky-handed man won €17,861,800 (around $24 million). This is considered to be the largest online casino jackpot win ever.
Around 25% of the population gamble
According to research, around 1.6 billion people worldwide gamble, and 4.2 billion gamble at least once every year. Macau which is in China and the US are topping the list of gambling profits by country.
The most popular online casino game is Blackjack
Blackjack is by far the most popular online casino game. Being a relatively simple game to learn, and the fact that it is fast-paced aids in its popularity. There are multiple variations of Blackjack available.
Cryptocurrency is increasingly being used in online gambling
While technically the use of cryptocurrency as a payment method is neither officially allowed nor explicitly prohibited. Some casinos have already integrated the option for players to easily exchange their currency. Tech-savvy players understand the benefits of Crypto, which include its additional security, speed of transaction, and no exchange fees. Crypto wallets, which allow players to hold their currency in a central, easily accessible digital wallet, are also starting to become increasingly popular.
AI plays a big role in the online casino industry
Artificial Intelligence is widely used in the casino industry for the purpose of faster progress and efficiency, beneficial for casinos as well as players. Casinos will be able to use AI to continuously adapt and shape in-game experiences to cater to the preferences of the player. This makes favorite games, recommendations, promotional offers, etc. easier to access.
If you are interested in exploring the world of Online Casino Gambling be sure to check out MyWager’s casino page and selection of state-based bonuses available to first-time players. As always, be sure to gamble responsibly and if you believe you have an issue, please call 1-800-Gambler.
“A dollar won is twice as sweet as a dollar earned.” – Paul Newman
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