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2020 was full of surprises, and 2021 was the time where we all should rise from the dark times. As last year can be seen as a year of disappointment, many failures and much sadness, the year 2021 proves to be a dynamic and adapting time for the global economy all around the world. Many industries have failed, some survived, some gained success throughout these pandemics. With all that saying, Covid 19 or many people called CoronaVirus, has surely without any doubt, thrown many businesses and industries into unfamiliar waters with uncertain futures.
The Rise Of iGaming Industry
The same thing cannot be said to the iGaming Industry. The iGaming industry is going through a revival and is predicted to soar and rise even more within the next few years, with many new opportunities for business, field and entertainment easily visible on this matter. One of the examples is online casino rating.
With these present opportunities, amendments for the law are being sent throughout the United States, because many of the states are proposing and creating new laws which are related to gambling in an attempt to move the stagnant legislation that currently prohibits many forms of gambling in the United States.This incident is noted as an extremely exciting time for gamblers in the United States, which even Scott Manford, CEO (Chief Executive Officer) of Wizard Slot (one of the UK’s leading slots providers) agreed to.Scott Manford again stated that “Sportsbooks operate at much lower margins, and legislators are very quickly catching onto the fact that taxable revenue from virtual casinos could dwarf that of the sports wagering markets.”
What is iGaming?
For those of you who are wondering, what is actually iGaming? iGaming is any activity that involves betting online, for example, betting on a live event (the most common is sport such as football or boxing match) or a game outcome. In the modern era like nowadays, this timeless activity is being done through sports match betting, other games that require the use of skills and luck, such as the following poker, blackjack or cups as well as online casino gambling.
Data states that there are almost four hundred (400) registered casino hotels in the United States, with an estimation of their value is approximately $54.8 billion this year. The four hundred sixty five (465) registered non-hotel casinos reported a gross gaming revenue of just over $43 billion in 2019. The interest is very much present for the iGaming Industry. The United States brought in almost $34.3 billion in total gross gaming revenue in 2009, meaning that the interest of it and cash flow has more nearly tripled in a ten year span (from 2009 to 2019)
There are many factors that could be accounted for by the growth of the iGaming industry. Technological advancements these days means that the games are constantly evolving, changing and improving for the better. All kinds of betting services are offered with better visual and audio design which naturally are able to attract more customers.
The industry of iGaming can be considered as a highly innovative industry, one that never sleeps,as it keeps seeing and adapting to the current world and the online casino sector is leading the way. Online slots are coming out every single week and gather a massive public demand. Meanwhile, classic games such as roulette and blackjack maintain a constantly stable base of players.
The iGaming industry is a promising niche that is predicted to experience some changes. A really good potential for business really lies in the wake of these changes as citizens of the United States look forward to the more transparent and safe betting being made available. We have to consider how massive, innovative and dynamic the iGaming industry currently is. The iGaming industry is bound to become more widely legal across the United States.
iGaming EFT
As we already learn about the importance and the rising of iGaming; here we present you the suggestion for the top 5 online gambing ETF for gamblers. Before that, let’s learn what is ETT first. An ETF (exchange-traded fund) is a type of investment fund and exchange-traded product, for example, they are traded on stock exchanges. ETF (exchange-traded funds) are similar in many ways to mutual funds, except that ETF are bought and sold throughout the full day on stock exchanges, while the mutual funds of these are being bought as well as purchased entirely, in accordance with their price at the end of the day (the stock exchange day). ETFs are proven to be attractive as a method of investments because of their low costs (does not require much high value), tax efficiency, as well as tradability. As the ETF is very effective, it is often used to do online betting, called Online Betting EFT. The easiness of this resulted in how many people wanted to try the online casino.
The Online Casino
Online casinos, or many people more familiar with the terms: virtual casinos or Internet casinos, are basically the online versions of traditional casinos which involve brick and mortar. These online casinos enable us, the gamblers to play and wager on casino games occurring throughout the internet itself. Online casinos are one form of online gambling.
Online casinos mostly offer odds and payback percentages, which can be higher than most of the land-based casinos. Some of the online casinos are able to claim higher payback percentages for slot machine games and some publish payout percentage audits released on their website. As we assume that the online casino is using a fairly programmed random number generator (can be downloaded and achieved anywhere), many table games, such as blackjack or poker have an established house edge. The payout percentage for these kinds of games are established by the rules of the game.
Many of the United States people enjoy online casino games while some of them are missing out on them due to current legislation. Rest assured, the future of the iGaming industry seems bright as the gambling laws are being relaxed and more suited to the current era. Online casinos are expected to eventually follow suit of sportsbooks and rules, as it appears that the dollar signs attached are just too tempting for legislators to pass on.
Top 5 iGaming ETF
This is a list of all Gaming ETFs traded in the United States of America, which are currently tagged by ETF Database. Please note that the list may not contain any new issued ETFs. The first is, VanEck Vectors Video Gaming & eSports ETF, with the symbol of ESPO . Then, the second one with the Symbol HERO, Global X Video Games & Esports ETF. The third one is Round Hill Sports Betting & iGaming ETF with the Symbol BETZ. Then there is Symbol BJK for VanEck Vectors Gaming ETF and the last one is Roundhill BITKRAFT Esports & Digital Entertainment ETF with the Symbol NERD.
In Conclusion, iGaming is betting on the outcome of an event or game online, and these activities include poker, sports betting, online casinos with the largest share of the market being taken by the likes of sports betting and online casinos. Fruity King, a popular casino app, is leading the way in virtual gaming and augmented reality is soon to be introduced in this industry. Besides the United States,IGaming hubs are happening and liked all around the world with the most popular based in Gibraltar, the United Kingdom, and also Malta. Online gambling ETF also directly affect people to try online casinos, as ETF make it easier and hence more attractive. As the popularity of all of these online gambling is increasing, hence the iGaming industry is considered to be important by the United States Government, and will be allowed in the law regulations.
