If you are seriously considering investing in the online gambling market, read this article to the end. We have uncovered some of the ways to invest in the market, without having to wager or bet on any game.
It is exciting and a bit complicated at the same time. It is an exciting time because you don’t necessarily need to keep following the games to be sure they are going as you projected. But it can be a breath-holding investment move if you don’t understand the risks involved.
Online Gambling Growth Rate
The Interactive Gambling (iGaming) market grew more following the outbreak of the Coronavirus pandemic. At the time, people were faced with lots of challenges, ranging from losing their jobs, having serious mental health issues, and suffering from dwindling finances.
Thus, a majority of the world turned to online gambling platforms where they got to have a breath of fresh air playing different games. They also maximized the opportunity to make some money for themselves, as they earned money when their bets are accurate.
Now, the online gambling market has been projected to have a $92.9 billion valuation by 2023. Such a figure is a clue that the growth of the market is still assured and investing in one or more ways wouldn’t be a bad idea.
Benefits of Investing in the Online Gambling Market
Here are some of the advantages of investing in any of the niche markets in online gambling:
- Gameplay has been made Easier
Simplifying tasks for people or solving problems is one of the ways to make money. This is evident in factories that manufacture helpful products, as well as companies that offer different services to address specific pain points.
The same can be said of the online gambling market, which is fast replacing the traditional, land-based casinos. In their place, you can now play and bet on your favorite casino games from an online platform. All you need is an Internet connection and bankroll to start wagering!
Now that playing and wagering on casino games have been simplified, it is evident that more investors would like to put their money where the attention is.
- The Future of Online Gambling Looks Great, Growth-Wise
The growth rate of online gambling is also impressive. This includes the projected growth in revenue and influx of new punters/players who would come to play and wager on online games.
- Online Gambling Laws are becoming Less Strict
Many countries are now relaxing their laws on online gambling activities. You will recall that many years ago, gambling online wasn’t possible with countries like the United States spearheading the clampdown on online gambling platforms.
Today, we see more countries with either relaxed online gambling laws or flexible regulatory policies to keep the operators on their toes while giving the players freedom to patronize the online gambling platforms.
How to Invest in the Online Gambling Market
Investing in the online gambling market is not exclusive to wagering on games. You can do that through many other ways, such as:
- Starting an Online Gambling Platform
Why play at someone’s gambling platform when you start yours? Take the time to learn how to start a gambling business, the expenses involved and the collaborations to make.
In a few months, you should be able to have more ideas that will guide you in starting the business and scaling it.
- Invest in Online Gambling Tech Companies
The fact is that new technologies are introduced into Interactive Gaming (iGaming) almost every time. This is commendable because the online gambling ecosystem has continued to grow at an astonishing rate and to remain relevant, new technologies need to be integrated.
If you are looking for how to invest in the gambling market without gambling, you can do that by investing in tech companies. These companies develop and distribute most of the technologies and resources used by online gambling platforms.
The technologies in question include but are not limited to:
- Random Number Generators (RNGs)
- Gambling software
The investment can be made in the form of buying the stock of the company from any of the public exchanges.
- Bootstrap Sportsbook Startups
Want to play in the same league as the big guys and enjoy the long-term rewards? Consider being an Angel Investor or Venture Capitalist (VC) – helping online gambling startups to raise funds for the future development of their companies.
Note that not all of these new brands would go beyond the startup stage. Some might not be able to attain the desired height. So, make due diligence and be frugal with your investments if need be until you are assured that the startups have what it takes to build a global brand in the online gambling industry.
Final Thoughts: Invest in the Online Gambling Market Today
Tens of investment opportunities await you in the Interactive Gambling (iGaming) market. If the ones on the list are not in your league, you may want to consider investing in gaming ETFs or investing in a publicly-traded horse racing option.
The growing popularity of online sports betting is an opportunity for you to make some money without “getting your hands dirty on the gambling table.” Spread your investment options and generate high returns on investment.