Industry Overview

Let's take a look at the betting industry and statistics

The Betting industry has been rapidly growing since the inception of the industry itself. More than 80 nations have legalised online gambling, in fact, Europe has the largest online gambling market in the world which accounts for some 47% of the entire world. The online gambling sector might feel it is growing based on the recent analysis that "The gross gaming revenue of the gambling industry in the U.S. reached almost 53 billion U.S. dollars in 2021, growing significantly over the 2020 figure which was impacted by the coronavirus (COVID-19) pandemic."

It was said that the global gambling market is expected to grow from $287.43 billion in 2021 to $458.93 billion in 2022 at a compound annual growth rate (CAGR) of 59.7%. The market is expected to reach $458.93 billion in 2026 at a CAGR of 18.4%.

To them everything seems great, of-course things looks great when you are at the beneficial end and the users are being milked. What the industry fails to understand is that it has not grown as much as many envisioned it to be. Why are the industry giant not figuring ways for users to benefit without making it look like everything is a gamble?

When you look at the betting industry, you will understand that there have been no scope and technological improvement. The industry has been recycling what has already existed to the users for the platform gains and, no advantageous purview for bettors to leverage on. A fact which promotes both a disadvantage and a significant opportunity to be explored of which Coinsino has planned to convert as an opportunity and a solid ground to lay a betting foundation on.