Online betting houses and casinos continue to be talked about in global e-commerce. Not only have they positioned themselves as one of the activities with the highest growth rate in electronic commerce, but they are also slowly beginning to gain ground over their peers that offer these services in person. In short, its growth rates in terms of the number of users is “stealing” many of the customers from physical betting houses.
A detailed study carried out by the renowned Statista platform has revealed that the number of online sports betting users would reach up to 2.6 million users by 2029. This would mean a growth of more than double in 10 years, being that In 2019 the number of users was approximately 1.31 million.
The excellent legal regulatory framework on betting has been instrumental in improving the popularity of this form of gaming. Now, platforms offer better markets, sports betting bonuses and even better payment methods. In addition, they are widely accepted by players who now feel safer when betting on these platforms.
But not everything is due to gambling regulation, there are more reasons why this industry is destined to grow sharply in the coming years. And here you can see some of the causes:
The growth of sports betting and its influence on young adults
As with almost all new trends within e-commerce, it is the new generations of adults who drive this consumer behavior. The affinity of young adults towards technology in conjunction with platforms that are increasingly better optimized to work on computers and mobile phones means that more and more bettors decide to migrate to a completely digital gaming system.
According to data collected by the Ministry of Social Rights, Consumption and Agenda 2030, young people between 18 and 25 years old increasingly represent a higher percentage of the betting community in Spain. In fact, if we expand this age range to 45, we will find that 82% of online gambling users are between 18 and 45 years of age.
Ease of use little by little gains more ground
Not everything is based on the affinity of new bettors towards technology. In reality, we can attribute the greatest influence to the accessibility and ease of use that these platforms offer compared to physical betting sites. Players can place bets by simply manipulating their mobile phone in a couple of minutes or less, you would only need internet access to complete a bet.
There are many more advantages that these types of betting sites offer compared to local venues, such as the benefits program. The benefits provided by this type of platforms allow players to place free bets, get more money for bets, get a return on losses or access the bookmaker’s VIP club to get exclusive benefits.
To complete, we must mention that the live betting market is something that only works well if it is used from an online betting house. In general, the advantages of these online sites far outweigh the few disadvantages that, although few, exist, such as that some bank payment methods may take time to credit withdrawals.
The future of online sports betting in Spain
The development of online gambling and the acceptance of new adults can only paint a promising future for the sports betting industry in Spain. In addition, now with one of the most efficient regulatory frameworks in the world, online betting is completely safe if you play on a site licensed by the DGOJ, which quickly gains the trust of users.
In conclusion, we can say that the forecast of doubling the number of users in Spain in a period of 10 years is quite accurate. We could even say that we would not be surprised to see this figure fall short and the online betting union grow much more by the end of the 2020-2030 decade.
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