Recent Study Highlights the Future of the Gambling Industry In America
The media outlet EconoTimes published an article entitled, “A Look Ahead: The Future of the American Online Gambling Industry.” It highlights the state of the gambling industry in the United States for the upcoming year.
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United States, January 27, 2021 – For one of the first times this year, a recent study highlights the future of the gambling industry in America.
The EconoTimes, a Seoul-based media outlet, has recently published an article entitled, “A Look Ahead: The Future of the American Online Gambling Industry.” It highlights the state of the gambling industry in the United States for the upcoming year.
The EconoTimes explains that “firstly, let’s remember that the American online gambling industry is an industry which didn’t even exist as recently as the 1980s. Online gambling, like many industries, is the direct result of new technologies and economic opportunities. The creation of the Internet, its commercialization, and subsequent arrival in American homes in the 1990s allowed the online gambling industry to emerge.”
The EconoTimes provides a wide variety of articles to help keep you informed, which are all offered on its website at www.econotimes.com.
The EconoTimes continues to state that, “The adoption and engagement with the Internet and digital technologies that followed completely transformed the structure of the gambling industry. In this time, we have seen the emergence and disappearance of several new technologies and industries, however, it is clear that online gambling has established itself as an industry that will continue to grow. While the success of mainstream Internet services is notoriously difficult to predict, the success of online gambling and more recently, the growth in mobile betting have more-or-less guaranteed the long-lasting staying power of the industry as a whole. So, let’s take a closer look at what we can expect from the future of the American online gambling industry, including why its popularity is likely only to increase.”
How will the gambling industry fare in the age of technology?
According to The EconoTimes, “we are not alone in predicting this continued rise in popularity. According to howtobet.com, the US gambling market is expected to grow by 33% by 2023. Based on the influence technology has had on the world over the last thirty years as well as the fact that the gambling industry has embraced it with open arms, everything suggests that the continued advancements in technology will once again have a profound effect on how Americans engage with one of their favorite pastimes.”
In terms of the gambling industry’s exponential growth, The EconoTimes shares that, “the online gambling industry, including virtual poker, online casinos, sports betting and lotteries, is the perfect example of an industry that has taken full advantage of the exponential growth of technology.”
For more gambling-related news and content, please visit The EconoTimes website now: www.econotimes.com.
About The EconoTimes: The EconoTimes is a media outlet that is based out of Seoul, South Korea.
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