Communicated Content – For its popularity and levels of excitement it brings to the lives of people in the state of New York, it is surprising that online casino activity is still banned in the state. Fair enough, it does not have the glitz and glamour of Las Vegas, but the state of New York still managed to rake in $2.71 billion in revenue in 2021. Unsurprisingly, this was nearly double the total from 2020, when the pandemic shut the doors of all brick-and-mortar casinos in New York.
So, it is clear to see the value and worth of the casino industry in New York. And from the figures outlined above, the ban on online gambling did have a significant impact on the revenue numbers. It is valid to argue that the pandemic was only going to be temporary and that society has opened up again, and people are getting back to their normal ways, but what is hard to ignore, is the effect the pandemic has had on people’s habits. The online world thrived during the time people were locked indoors or self-isolating. Companies have realized that remote work is possible, and many are moving towards splitting up the working week between remote work at home and time in the office. And similar benefits can be attributed to online activity, such as gambling or gaming. But while people in other countries around the world could play at the sites listed at casino crypto, for example, residents of New York didn’t have this luxury. This also comes as the crypto casino market continues to accelerate in growth. This also in an industry worth $59 billion, New York was not getting a single slice of that pie.
This figure is projected to double in the next year, which is clear evidence of the rise in popularity of online casinos. New lessons might have been learned from the pandemic, but society, especially the technological side of it, has been evolving for many years already. The impact of social media and improvements in 5G technology has changed the way people live their lives. It is more on-the-go to some extent, but the real advantages are the practicality and speed at which people can access information or communicate. A potential reason why the global online casino revenue numbers are exploding is that countries are keeping up with the times and getting the regulation and security in place to allow for online casino activity. Online sportsbooks are already a decent contributor to casino revenue in America, but should online casinos be opened to the public in a responsible manner, then we could see those revenue figures skyrocket.
