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Another Decade of Online Casino Gambling

The past ten years within the online casino gambling industry can be related to the explosive growth that children experience in the first ten years of life; the industry has greatly matured and gone through numerous transformations and redesigns that have created the industry that gamblers all over the world now embrace as the face of the industry. But a real question this time of year is where the online casinos are heading? The growth rates within the gambling industry are still incredibly steady and the year-on-year growth of revenues spent within the industry and new gamblers accessing the sites. Over the next ten years, it is hard to predict what new technologies will develop and emerge within the industry, but there are opportunities to examine the emerging markets and the progress that the industry will have in creating international regulations.

The online casinos are currently licensed out of a dozen or so licensing jurisdictions that are scattered all over the four corners of the world. From Malta to Curacao and with the Kahnawake Gaming Commission in Canada thrown in for good measure, these licensing jurisdictions are amazing similar and yet markedly different. One of the big pushes over the next decade will be for the development of international standards that become the baseline with which all new online casinos must qualify when they are launching into the industry.

And in addition to the move toward a cohesive set of minimum standards and regulations, the online casinos are likely facing a several key battles in the coming decade. The United States, China, Australia, and most of South America are currently fighting the internet gambling industry despite an international push for each country to honor trade commitments while protecting gamblers by instituting full regulations rather than the ineffective bans for the questionably ethical content filtering programs.