Over the years, the gambling industry has grown immensely with thousands of operating sites. For investors, this is excellent news. It means software gaming providers are becoming more popular and might be what you need to land that massive profit.
Future investors can invest in sports betting, casinos, and of course, the ever-popular gaming apps companies. In this article, we’ll focus on their regulations and expanding markets to help you make that next investment decision you’ve been thinking of.
Legalization And Regulations In Online Gaming Markets
As technology evolves, more countries continue to ease their restrictions on online gaming services, causing their market capitalization to skyrocket. Today, the industry is worth around $240 billion globally, with some states in the US and most European Union and Latin American countries legalizing it.
Gaming Legislation In The US
At present, twelve states offer some form of gaming, be it sports betting or online casinos. These are New Jersey, Indiana, West Virginia, Iowa, Nevada, Delaware, New Hampshire, Oregon, Rhode Island, Pennsylvania, Montana, and Colorado.
The Biggest US Betting Markets
- New Jersey
New Jersey is at the top of the list of states with large betting markets in the US. It’s home to more than a dozen sites offering casinos, sportsbooks, and poker. Along with US gaming giants like FanDuel, and DraftKings, top-rated European platforms like Bet365 moved into this market in an attempt to tap the high demand.
- Delaware
Delaware was the first state to allow bookies after PASPA’s denouncement in 2018 and one of the first to step into online poker and casino gaming. A year later, the state began issuing licenses for online casino poker and games, which had a massive impact on launching iGaming in the US.
Online Gaming In The EU
There’s no sector-specific EU legislation that regulates online gaming. Most EU countries allow certain types of gambling, if not all, including poker, casino games, or sports betting. Some of the major markets are in France, Germany, Spain, Italy, and the UK.
It’s important to remember, however, that there are gaming jurisdictions within Europe’s borders. These include Gibraltar, Malta, Alderney, and the Isle of Man. They work to harbor a competitive, fair, and safe market for any operators who provide gambling services in Europe.
Online Gambling In Latin America
Colombia was the first country in Latin America to launch e-gaming in 2016, and the market has been growing steadily ever since. Following this, the country became a significant market, posting breathtaking contributions of over $200 million in the national treasury in 2020.
The success of online gambling in Colombia made Latin American countries ease their restrictions and slowly adopt the concept. Mexico also introduced online gaming, and it registered a 60% market penetration rate.
The US Economy Expects A Huge Slice From Gaming Revenues
In such challenging times of the COVID-19 pandemic, states’ governors are looking to online gambling as a solution to meet their budgets. For instance, New York is banking on online gambling to meet its $15 billion budget deficit.
Another state with the same mindset is California, which is planning to legalize online gaming soon. Experts in the gaming industry share the idea that online betting has nowhere else to go up, which the US economy will significantly benefit from.
Top iGaming Software Companies Stocks To Invest In
While there are numerous game providers out there, only a few rank high in the industry, here are some of the best software developing companies you can invest in.
- Evolution Gaming
Evolution Gaming is one of the best live dealer game suppliers and has built its reputation by offering excellent graphics and features. Not only are its games available across all popular devices, but it also works hard to expand to new jurisdictions. Investors are looking into Evolution Gaming as an ideal choice when it comes to gaming stocks.
- NetEnt
NetEnt is yet another high-quality software provider in the online gaming world. The company joined the industry way back in 1996 and has been at the forefront of supplying popular slots. Its stocks in the Stockholm Stock Exchange are among the best and are a safe bet.
- Playtech
Based in Israel, Playtech is a big name in the industry and has released over 500 games. It uses some of the most advanced virtual casinos and has its stocks listed on the London Stock Exchange. A look at its stock charts will show you that all is well.
